Industrials · NYSE/NASDAQ: WM
WASTE MANAGEMENT INC
Waste Management
Market Cap $87.12B
Verdict: High
Quality Scores
Multi-Bagger
72/100
Compounder Quality
91/100
Management Credibility
94/100
Governance
92/100
Cash Flow Quality
95/100
AI Summary
Waste Management Inc (WM) has successfully transitioned from a steady utility-style business to an aggressive growth compounder through the transformative acquisition of Advanced Disposal and strategic investments in recycling automation and renewable natural gas. Revenue has scaled dramatically from approximately $13.5B in 2016 to over $25B in 2025 (extrapolated from multi-year growth), reflecting dominant market share in the North American waste and environmental services sector. The company's business model is characterized by high barriers to entry, defensive revenue streams, and…
Top Opportunities
- Absolute market leader in North American waste management
- Recession-resistant business model with essential service status
- Consistent share count reduction through aggressive buybacks
Top Risks
- High capital intensity required for fleet and landfill maintenance
- Large debt load used to fund recent M&A (Stericycle)
- Exposure to commodity price fluctuations in recycling business
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