Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.6B | $14.5B | $14.9B | $15.5B | $15.2B | $17.9B | $19.7B | $20.4B | $22.1B | $25.2B |
| Revenue growth | — | 6.4% | 3.0% | 3.6% | -1.5% | 17.8% | 9.9% | 3.7% | 8.0% | 14.2% |
| Operating income | $2.30B | $2.64B | $2.79B | $2.71B | $2.43B | $2.96B | $3.37B | $3.58B | $4.06B | $4.31B |
| Operating margin | 16.9% | 18.2% | 18.7% | 17.5% | 16.0% | 16.5% | 17.1% | 17.5% | 18.4% | 17.1% |
| Net income | $1.18B | $1.95B | $1.93B | $1.67B | $1.50B | $1.82B | $2.24B | $2.30B | $2.75B | $2.71B |
| Net margin | 8.7% | 13.5% | 12.9% | 10.8% | 9.8% | 10.1% | 11.4% | 11.3% | 12.4% | 10.7% |
| EPS (diluted) | $2.65 | $4.41 | $4.45 | $3.91 | $3.52 | $4.29 | $5.39 | $5.66 | $6.81 | $6.70 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.00B | $3.18B | $3.57B | $3.87B | $3.40B | $4.34B | $4.54B | $4.72B | $5.39B | $6.04B |
| Capital expenditures | $1.34B | $1.51B | $1.69B | $1.82B | $1.63B | $1.90B | $2.59B | $2.90B | $3.23B | $3.23B |
| Free cash flow | $1.66B | $1.67B | $1.88B | $2.06B | $1.77B | $2.43B | $1.95B | $1.82B | $2.16B | $2.82B |
| Share buybacks | $725M | $750M | $1.00B | $248M | $402M | $1.35B | $1.50B | $1.30B | $262M | — |
| Dividends paid | $726M | $750M | $802M | $876M | $927M | $970M | $1.08B | $1.14B | $1.21B | $1.33B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $32.0M | $22.0M | $61.0M | $3.56B | $553M | $118M | $351M | $458M | $414M | $201M |
| Total assets | $20.9B | $21.8B | $22.6B | $27.7B | $29.3B | $29.1B | $31.4B | $32.8B | $44.6B | $45.8B |
| Total liabilities | $15.5B | $15.8B | $16.4B | $20.7B | $21.9B | $22.0B | $24.5B | $25.9B | $36.3B | $35.8B |
| Shareholders' equity | $5.30B | $6.02B | $6.28B | $7.07B | $7.45B | $7.12B | $6.85B | $6.90B | $8.25B | $9.99B |
| Retained earnings | $7.39B | $8.59B | $9.80B | $10.6B | $11.2B | $12.0B | $13.2B | $14.3B | $15.9B | $17.2B |
| Shares (wtd avg diluted) | 447M | 442M | 432M | 428M | 425M | 423M | 415M | 407M | 403M | 404M |
Every figure is extracted from WASTE MANAGEMENT INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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