Waste Management Q4 FY25: where the revenue came from and where it went
The whole income statement of Waste Management for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 9, 2026
Revenue$6.31B
+7% year over year
Gross profit$2.55B
40% margin
Operating profit$1.16B
18% margin
Net profit$0.74B
12% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.31 | 100% | +7% |
| Collection & disposal | 5.18 | 82% | +4% |
| Healthcare solutions | 0.62 | 10% | |
| Recycling processing | 0.36 | 6% | −11% |
| Renewable energy | 0.16 | 2% | +69% |
| Corporate & other | 0.01 | 0% | +20% |
| Cost of revenue | −3.76 | 60% | |
| Gross profit | 2.55 | 40% margin | +1pp |
| SG&A | −0.67 | 11% | −2pp |
| Other | −0.72 | 11% | +0pp |
| Operating profit | 1.16 | 18% margin | +3pp |
| Interest & other costs | −0.22 | ||
| Tax | −0.19 | ||
| Net profit | 0.74 | 12% margin | +2pp |
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