Waste Management (WM) FY2024 results: revenue $22.1 billion, up 8.0% on the year
Waste Management Inc. (WM) reported revenue of $22.1 billion for fiscal 2024, the year ended 31 December 2024, up 8.0% on the year before. Net income was $2.7 billion, up 19.2%, and diluted earnings per share $6.81. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2025.
Revenue
$22.1 billion
+8.0% on the year
FY2017FY2024
Operating margin
18.4%
17.5% a year earlier
FY2017FY2024
Net income
$2.7 billion
+19.2% on the year
FY2017FY2024
Diluted EPS
$6.81
+20.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
5,390
4,719
4,536
+14.2%
Capital expenditure
3,231
2,895
2,587
+11.6%
Free cash flow
2,159
1,824
1,949
+18.4%
Free cash flow margin
9.8%
8.9%
9.9%
Cash from investing
-10,601
-3,091
-3,063
Cash from financing
5,155
-1,524
-1,216
Depreciation and amortisation
2,267
2,071
2,038
+9.5%
Share-based compensation
118
93.0
84.0
+26.9%
Buybacks
262
1,302
1,500
-79.9%
Dividends paid
1,210
1,136
1,077
+6.5%
Dividend per share
$3.00
$2.80
$2.60
+7.1%
Diluted shares, weighted
403m
407m
415m
-0.9%
Shares outstanding at period end
402m
402m
408m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,252
6,903
6,849
+19.5%
Non-controlling interest
2.0
-7.0
15.0
Debt
23,900
16,229
14,984
+47.3%
Operating lease liabilities
878
452
460
+94.2%
Finance lease liabilities
374
321
258
+16.5%
Other liabilities
11,161
8,925
8,801
+25.1%
Total liabilities and equity
44,567
32,823
31,367
+35.8%
Goodwill
13,438
9,254
9,323
+45.2%
Intangible assets
4,188
759
827
+451.8%
Cash and equivalents
414
458
351
-9.6%
Receivables
3,272
2,633
2,461
+24.3%
Other assets
23,255
19,719
18,405
+17.9%
Total assets
44,567
32,823
31,367
+35.8%
10-K for the year ended 31 December 2024, filed 19 February 2025: the filing.