Waste Management Shares Rise 4.8% After Q4 EPS, Revenue Misses
Waste Management shares have risen 4.8% since its late January 2026 earnings release after EPS of $1.93 and revenues of $6.3 billion both missed consensus estimates by roughly 1%. Q4 free cash flow reached $823 million and 2026 guidance forecasts revenue of $26.43–$26.63 billion with adjusted EBITDA of $8.15–$8.25 billion.
1. Recent Share Performance
Over the month following its late January earnings release, Waste Management shares climbed 4.8%, outperforming the S&P 500. The uptick reflects investor optimism on rising estimates despite modest earnings and revenue misses.
2. Q4 2025 Financial Results
Waste Management reported adjusted EPS of $1.93, missing estimates by 1% yet rising 13.5% year-over-year. Total Q4 revenue was $6.3 billion, up 7.1% year-over-year but 1.2% below consensus.
3. Segment Breakdown
The Collection segment generated $3.9 billion (+4.9%), matching estimates; Landfill revenues reached $910 million (+6.2%), beating forecasts; Transfer brought in $381 million (+6.1%), above estimates; Recycling fell 10.8% to $355 million; Renewable Energy soared 68.8% to $157 million; Healthcare & Other reached $621 million (+52.2%).
4. Cash Flow and 2026 Outlook
Q4 operating cash flow was $1.7 billion against $684 million in capex, yielding $823 million in free cash flow and $333 million in dividends. Full-year 2026 guidance projects $26.43–$26.63 billion in revenue and $8.15–$8.25 billion in adjusted EBITDA.