WM (Waste Management) EBIT: $4,434 Mil (TTM As of Mar. 2026)


WM Waste Management Inc WM
87 GF Score
Price $223.26
GF Value $245.15
Valuation Fairly Valued
! 4 Warning Signs
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What is Waste Management EBIT?

Waste Management WM +2.02% 87 EBIT is $4,434 Mil as of Mar. 2026. GuruFocus rates WM with a GF Score™ of 87/100 and a GF Value™ of $245.15 (Fairly Valued). The stock has 4 warning signs investors should review.

Waste Management's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $1,116 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $4,434 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Waste Management's annualized ROC % for the quarter that ended in Mar. 2026 was 8.36%. Waste Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Waste Management's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.95%.


Waste Management  (NYSE:WM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Waste Management's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4364 * ( 1 - 18.86% )/( (42371 + 42297)/ 2 )
=3540.9496/42334
=8.36 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Waste Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4464/( ( (20378 + max(-724, 0)) + (20335 + max(-447, 0)) )/ 2 )
=4464/( ( 20378 + 20335 )/ 2 )
=4464/20356.5
=21.93 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3435 + 225 + 429) - (4078 + 735 + 0)
=-724

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3372 + 235 + 451) - (3741 + 764 + 0)
=-447

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Waste Management's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=4434/112389.802
=3.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Waste Management EBIT Related Terms


Waste Management EBIT Historical Data

* Premium members only.

The historical data trend for Waste Management's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waste Management EBIT Chart

Waste Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,714.00 3,296.00 3,521.00 4,056.00 4,338.00

Waste Management Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,020.00 1,160.00 1,000.00 1,158.00 1,116.00

WM vs RSG, WCN, CLH: EBIT Comparison

For the Waste Management subindustry, Waste Management's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Waste Management EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Management's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Waste Management's EV-to-EBIT falls into.


WM
87GF Score
Waste Management Inc WM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Waste Management EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,434 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $4,434 Mil mean?
Waste Management (WM) has a EBIT of $4,434 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Waste Management.
Is Waste Management's EBIT too high?
Waste Management's current EBIT is $4,434 Mil. Overall, Waste Management has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Waste Management's EBIT compare to RSG and WCN?
Waste Management's EBIT of $4,434 Mil can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Waste Management company?
A good EBIT depends on the Waste Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Waste Management. Waste Management's current EBIT is $4,434 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Management stock overvalued right now?
Based on GuruFocus' analysis, Waste Management (WM) is currently considered Fairly Valued. The stock's GF Value™ is $245.15, compared to a current price of $223.26 — trading 8.9% below its estimated fair value. The current EBIT is $4,434 Mil. Waste Management's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Waste Management (WM), the current EBIT is $4,434 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Waste Management (WM) Overvalued in 2026?

Based on GuruFocus' analysis, Waste Management stock appears to be undervalued. The current stock price of $223.26 is trading 8.9% below its estimated GF Value™ of $245.15. GuruFocus considers Waste Management to be Fairly Valued.

Key valuation signals for WM:

  • EBIT: $4,434 Mil
  • GF Value™: $245.15 vs. price of $223.26 (8.9% below fair value)
  • GF Score™: 87/100 with 4 warning signs

No single metric tells the full story. See the WM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waste Management Business Description

Address 800 Capitol Street, Suite 3000, Houston, TX, USA, 77002
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically. The company serves residential, commercial, industrial, and medical end markets for waste collection, transfer, and disposal. The company also has an energy business emanating from the beneficial use of landfill gas and is a leading recycler in North America.
87GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$223.26
Price
$245.15
GF Value