Waste Management debt and dilution15

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$23,356M

Cash & equivalents

USD millions

$557M

Net debt

USD millions

$22,799M

Debt / equity

2.35×

Debt / assets

50.29%

Net debt / EBITDA

× · TTM

3.03×

Debt / FCF

× · TTM

6.54×

Interest coverage

× · TTM

—

Current ratio

0.91×

Diluted shares

Million shares

402.4M shares

Basic shares

Million shares

401.5M shares

Share count growth

-0.27%

Share repurchases

USD millions

$659M

Quarterly data

Waste Management capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	23,356	557	22,799	2.35×	50.29%	3.03×	6.54×	—	0.91×	402.4	401.5	-0.27%	659
FY 2026 Q1	Mar 31, 2026	22,891	158	22,733	2.28×	50.09%	3.09×	6.96×	—	0.93×	404.4	403.2	0.22%	344
FY 2025 Q4	Dec 31, 2025	22,907	201	22,706	2.29×	49.98%	3.17×	8.13×	—	0.89×	404.79	403	0.37%	—
FY 2025 Q3	Sep 30, 2025	23,362	175	23,187	2.45×	51.22%	3.4×	9.73×	—	0.84×	404.3	403	0.37%	—
FY 2025 Q2	Jun 30, 2025	24,020	440	23,580	2.61×	52.53%	3.48×	11.1×	—	0.86×	404.3	402.6	0.32%	—
FY 2025 Q1	Mar 31, 2025	23,837	216	23,621	2.76×	53.58%	3.65×	12.98×	—	0.83×	403.9	402.3	0.15%	—
FY 2024 Q4	Dec 31, 2024	23,900	414	23,486	2.9×	53.63%	3.71×	11.07×	—	0.76×	404	401.5	-0.18%	0
FY 2024 Q3	Sep 30, 2024	16,653	614	16,039	2.09×	47.95%	2.64×	7.92×	—	0.89×	403.2	401.5	-0.62%	0
FY 2024 Q2	Jun 30, 2024	16,743	172	16,571	2.25×	49.25%	2.79×	7.91×	—	1.07×	403.2	401.3	-1.13%	12
FY 2024 Q1	Mar 31, 2024	16,098	322	15,776	2.27×	49.28%	2.7×	7.53×	—	0.89×	403.5	401.7	-1.4%	250
FY 2023 Q4	Dec 31, 2023	16,229	458	15,771	2.35×	49.44%	2.79×	8.9×	—	0.9×	404.82	402.23	-1.71%	312
FY 2023 Q3	Sep 30, 2023	15,430	150	15,280	2.22×	48.32%	2.71×	9.23×	—	0.84×	405.9	404	-1.94%	370
FY 2023 Q2	Jun 30, 2023	15,368	144	15,224	2.22×	48.61%	2.74×	10.2×	—	0.82×	407.7	405.9	-2.05%	270
FY 2023 Q1	Mar 31, 2023	15,370	257	15,113	2.26×	49.12%	2.76×	10.29×	—	0.87×	409	407.4	-2%	350
FY 2022 Q4	Dec 31, 2022	14,984	351	14,633	2.18×	47.77%	2.71×	8.68×	—	0.81×	411.44	409.24	-2.03%	439
FY 2022 Q3	Sep 30, 2022	14,063	137	13,926	2.01×	47.13%	2.62×	7.11×	—	0.85×	414.3	412	-1.79%	541
FY 2022 Q2	Jun 30, 2022	14,277	894	13,383	1.99×	47.39%	2.57×	6.28×	—	1.07×	416.4	414.4	-1.71%	270
FY 2022 Q1	Mar 31, 2022	13,487	155	13,332	1.89×	46.16%	2.62×	5.56×	—	0.8×	417.8	415.7	-1.7%	250
FY 2021 Q4	Dec 31, 2021	13,405	118	13,287	1.88×	46.07%	2.68×	5.83×	—	0.75×	420.82	417.73	-1.18%	350
FY 2021 Q3	Sep 30, 2021	13,047	116	12,931	1.82×	45.24%	2.68×	5.06×	—	0.78×	422	419.5	-0.76%	500
FY 2021 Q2	Jun 30, 2021	13,244	148	13,096	1.8×	45.61%	2.85×	5.21×	—	0.88×	423.6	421.6	-0.17%	250
FY 2021 Q1	Mar 31, 2021	13,488	476	13,012	1.82×	46.4%	3.06×	5.83×	—	1.01×	424.3	422.9	-0.31%	250
FY 2020 Q4	Dec 31, 2020	13,810	553	13,257	1.85×	47.06%	3.23×	7.6×	—	1×	425.4	422.7	-0.45%	0
FY 2020 Q3	Sep 30, 2020	10,422	703	9,719	1.46×	42.07%	2.39×	4.85×	—	1.2×	424.6	422.7	-0.42%	0
FY 2020 Q2	Jun 30, 2020	12,788	2,663	10,125	1.86×	48.04%	2.47×	6.62×	—	0.88×	423.9	422.3	-0.59%	0
FY 2020 Q1	Mar 31, 2020	13,452	3,125	10,327	1.99×	49.5%	2.42×	6.92×	—	1.84×	426.4	424.2	-0.07%	402
FY 2019 Q4	Dec 31, 2019	13,498	3,561	9,937	1.91×	48.65%	2.32×	6.56×	—	1.97×	427.8	424.6	-0.22%	0
FY 2019 Q3	Sep 30, 2019	13,358	2,915	10,443	1.97×	49.28%	2.39×	7.51×	—	1.86×	427.4	424.5	-0.79%	0
FY 2019 Q2	Jun 30, 2019	12,739	2,250	10,489	1.97×	49.02%	2.44×	7.16×	—	1.7×	427.5	424.8	-1.19%	180
FY 2019 Q1	Mar 31, 2019	10,366	57	10,309	1.62×	44.35%	2.4×	5.5×	—	0.69×	426.9	424.5	-2.03%	68
FY 2018 Q4	Dec 31, 2018	10,026	61	9,965	1.6×	44.26%	2.34×	5.28×	—	0.85×	429.23	425.54	-2.03%	254
FY 2018 Q3	Sep 30, 2018	10,016	83	9,933	1.6×	44.34%	2.38×	5.96×	—	0.87×	430.8	427.9	-2.26%	200
FY 2018 Q2	Jun 30, 2018	9,796	47	9,749	1.62×	44.5%	2.35×	5.71×	—	0.75×	432.3	429.9	-2.72%	300
FY 2018 Q1	Mar 31, 2018	9,957	52	9,905	1.64×	45.04%	2.43×	5.89×	—	0.74×	435.8	433.3	-1.81%	250
FY 2017 Q4	Dec 31, 2017	9,491	22	9,469	1.57×	43.48%	2.36×	5.89×	—	0.8×	437.75	434.35	-1.53%	0
FY 2017 Q3	Sep 30, 2017	9,345	35	9,310	1.76×	44.61%	2.39×	5.24×	—	0.71×	440.8	437.8	-1.15%	500
FY 2017 Q2	Jun 30, 2017	9,057	32	9,025	1.64×	43.46%	2.41×	5.33×	—	0.84×	444.4	441.9	-0.47%	—
FY 2017 Q1	Mar 31, 2017	9,042	30	9,012	1.63×	43.79%	2.46×	5.58×	—	0.87×	444.1	441.3	-1.08%	—
FY 2016 Q4	Dec 31, 2016	9,310	32	9,278	1.75×	44.63%	2.58×	5.77×	—	0.85×	444.71	441.12	-1.4%	225
FY 2016 Q3	Sep 30, 2016	9,261	30	9,231	1.72×	44.62%	2.66×	6.61×	—	0.86×	445.7	442.9	-1.49%	0
FY 2016 Q2	Jun 30, 2016	9,530	39	9,491	1.82×	45.92%	2.71×	7.31×	—	0.81×	446.7	444	-2.52%	250
FY 2016 Q1	Mar 31, 2016	9,596	104	9,492	1.81×	46.18%	2.81×	6.91×	—	0.9×	448.6	446.1	-2.7%	250
FY 2015 Q4	Dec 31, 2015	8,981	39	8,942	1.67×	43.98%	2.72×	7.08×	—	0.93×	451.15	447.36	-2.42%	0
FY 2015 Q3	Sep 30, 2015	9,050	113	8,937	1.72×	44.36%	2.52×	7.19×	—	0.98×	452.7	449.6	-2.43%	300
FY 2015 Q2	Jun 30, 2015	9,106	273	8,833	1.68×	44.25%	2.53×	7×	—	1.03×	458	455.5	-2.23%	—
FY 2015 Q1	Mar 31, 2015	9,207	277	8,930	1.65×	44.5%	2.52×	8.16×	—	1.15×	458.5	458.5	-1.44%	—
FY 2014 Q4	Dec 31, 2014	9,435	1,307	8,128	1.6×	44.06%	2.26×	8.2×	—	1.04×	463.23	458.45	-1.98%	0
FY 2014 Q3	Sep 30, 2014	10,164	183	9,981	1.79×	45.76%	4.08×	8.61×	—	1.09×	463.6	460.8	-1.81%	—
FY 2014 Q2	Jun 30, 2014	9,797	137	9,660	1.59×	44.17%	3.87×	7.98×	—	0.79×	468	465.9	-0.43%	—
FY 2014 Q1	Mar 31, 2014	10,194	339	9,855	1.69×	45.42%	3.99×	8.56×	2.39×	0.76×	466.9	465.2	-0.11%	—
FY 2013 Q4	Dec 31, 2013	10,226	58	10,168	1.7×	45.24%	4.22×	8.61×	2.24×	0.83×	471.58	467.7	0.69%	—
FY 2013 Q3	Sep 30, 2013	10,059	157	9,902	1.43×	42.6%	3×	8.16×	4.07×	0.84×	471.2	469.3	1.12%	—
FY 2013 Q2	Jun 30, 2013	9,770	154	9,616	1.43×	42.46%	2.99×	9.85×	3.88×	0.8×	469.4	467.9	0.97%	—
FY 2013 Q1	Mar 31, 2013	10,009	307	9,702	1.49×	43.23%	3.08×	10.01×	3.8×	0.78×	466.5	465.7	0.78%	—
FY 2012 Q4	Dec 31, 2012	9,916	194	9,722	1.49×	42.93%	3.09×	12.63×	3.79×	0.8×	465	464.49	0.8%	—
FY 2012 Q3	Sep 30, 2012	9,992	398	9,594	1.51×	43.31%	3.01×	11.07×	3.92×	0.83×	464.9	464.1	-0.9%	—
FY 2012 Q2	Jun 30, 2012	9,826	237	9,589	1.51×	43.3%	2.98×	9.12×	4.05×	0.77×	464	463.4	-2.28%	—
FY 2012 Q1	Mar 31, 2012	9,849	189	9,660	1.52×	43.71%	2.97×	10.29×	4.15×	0.75×	463.4	462.1	-2.86%	—
FY 2011 Q4	Dec 31, 2011	9,756	258	9,498	1.53×	43.23%	2.92×	8.52×	4.22×	0.78×	462.2	460.8	-3.14%	47
FY 2011 Q3	Sep 30, 2011	9,613	282	9,331	1.53×	43.59%	2.86×	8.88×	4.3×	0.96×	469.7	468.3	-1.89%	360
FY 2011 Q2	Jun 30, 2011	9,037	371	8,666	1.36×	41.87%	2.66×	7.84×	4.23×	1.03×	476	474.2	-1.64%	105
FY 2011 Q1	Mar 31, 2011	9,167	676	8,491	1.38×	42.35%	2.55×	7.55×	4.42×	1.08×	477.6	475.7	-2.04%	63
FY 2010 Q4	Dec 31, 2010	8,907	539	8,368	1.35×	41.47%	2.53×	7.61×	4.47×	1×	474.19	475.75	-2.62%	58
FY 2010 Q3	Sep 30, 2010	8,959	550	8,409	1.39×	41.98%	—	7×	4.31×	1.11×	481	477.3	-3.03%	157
FY 2010 Q2	Jun 30, 2010	9,585	1,169	8,416	1.5×	44.05%	—	7.99×	4.48×	1.1×	485.8	482.1	-2.09%	166
FY 2010 Q1	Mar 31, 2010	8,823	871	7,952	1.35×	42.02%	—	7.17×	4.45×	1.02×	488.1	485.6	—	120
FY 2009 Q4	Dec 31, 2009	8,873	1,140	7,733	1.35×	41.94%	2.53×	7.5×	4.43×	1.04×	492.12	488.53	—	161
FY 2009 Q3	Sep 30, 2009	8,246	612	7,634	1.26×	40.44%	—	—	—	0.89×	494.6	492.2	—	65
FY 2009 Q2	Jun 30, 2009	8,243	528	7,715	1.29×	40.91%	—	—	—	1.08×	493.7	492.4	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · WM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.