Trash to Treasure: Why Waste Management (WM) Deserves Your Investment

The waste services market is buoyed by the rising consumer costs for trash collection, which rose 6.9% for the year. For the third quarter, core prices climbed 6.6%, while garbage collection and disposal volumes increased 0.3%.

Amid this, Waste Management, Inc. (WM – Get Rating), a pioneer in environmental solutions regarding waste management, reported strong third-quarter results. The company’s revenue improved 2.4% year-over-year to $5.20 billion. Its adjusted EPS came in at $1.63, up 4.5% from the prior-year quarter, topping the analyst estimate of $1.61.

Given such robust results, let’s look at the trends of WM’s key financial metrics to understand why investing in the stock might be wise.

Analyzing the Steady Financial Growth of Waste Management, Inc. from 2020 to 2023

The data on WM’s trailing-12-month net income shows a steady upward trend from December 2020 to September 2023. Here are the key takeaways:

  • In December 2020, WM’s net income was at $1.50 billion. Over the course of the next few years, it showed a steady increase.
  • By the end of the first quarter of 2021 (March 31), the net income rose to $1.56 billion, representing growth over the previous quarter.
  • The net income continued its upward trend throughout 2021, reaching $1.82 billion by December 31, 2021.

Taking into account the first value in December 2020 and the last value in Sep 2023, WM saw a steady ascending trend in net income. The growth rate calculated from the initial value of $1.50 billion to the final value of $2.31 billion marks a significant increase over this period. However…

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