Waste Management Reports 19% Revenue Growth to $6.43 Billion in Latest Quarter

Waste Management, Inc. reported significant financial growth in its latest quarterly results, with operating revenues reaching $6.43 billion for the three months ended June 30, 2025, a 19% increase from $5.40 billion in the same period last year. The company's net income attributable to Waste Management, Inc. was $726 million, or $1.80 per diluted share, compared to $680 million, or $1.69 per diluted share, in the prior year. This increase in profitability was driven by higher volumes in landfill and recycling operations, as well as contributions from the recent acquisition of Stericycle, which has been integrated into the company's new WM Healthcare Solutions segment.

Operating expenses also rose, totaling $3.84 billion, or 59.7% of revenues, compared to $3.29 billion, or 60.9% of revenues, in the previous year. The increase in operating expenses was attributed to the integration of Stericycle, increased post-collection volumes, and moderate inflationary pressures. However, the company managed to reduce operating expenses as a percentage of revenue through efficiency initiatives. Selling, general, and administrative expenses increased to $696 million, reflecting higher labor costs and consulting fees related to the Stericycle integration.

In terms of operational metrics, Waste Management's customer base and service volumes showed positive trends. The company reported increased volumes in its landfill and recycling segments, particularly benefiting from special waste clean-up activities in the West Tier due to wildfires. The company also noted a decline in residential and temporary industrial collection volumes, which it intentionally reduced to focus on higher-margin business. The overall increase in revenue was also supported by a 13.6% contribution from acquisitions, primarily the Stericycle deal.

Looking ahead, Waste Management remains focused on integrating Stericycle and optimizing its operations to capture synergies. The company is also investing in technology and automation to enhance operational efficiency and reduce costs. Despite facing challenges such as fluctuating commodity prices and inflationary pressures, Waste Management is committed to its sustainability initiatives and expects to continue generating strong cash flows to support its growth strategy. The company reported net cash provided by operating activities of $2.75 billion for the first half of 2025, up from $2.52 billion in the prior year, indicating robust operational performance.