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WM

Waste Management Inc

NYSE: WM · INDUSTRIALS · WASTE MANAGEMENT

$230.31
+1.30% today

Updated 2026-04-29

Market cap
$92.58B
P/E ratio
34.26
P/S ratio
3.67x
EPS (TTM)
$6.70
Dividend yield
1.42%
52W range
$193 – $247
Volume
2.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Waste Management Inc (WM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$230.31
Consensus
$255.16
+10.79%
2030 Target
$1,012.31
+339.54%
DCF
$128.88
-82.08% MoS
21 analysts:
7 Buy7 Hold1 Sell

Management guidance

No specific CEO revenue guidance for 2026-2030 found in available documents. Management focuses on operational execution, margin expansion, and strategic acquisitions rather than publishing multi-year revenue targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,695.02
$33.5B Rev × 20x P/S
Base case (2030)
$1,012.31
$33.5B Rev × 12x P/S
Bear case (2030)
$682.72
$33.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$20.4B$22.1B$25.2B$27.3B$28.8B$30.3B$31.9B$33.5B
Revenue growth—8.0%14.2%8.2%5.4%5.3%5.2%5.0%
EPS$6.19$7.23$7.50$8.45$9.64$10.80$11.95$13.15
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$823.97$871.05$918.14$965.22$1,012.31

Catalysts & risks

Growth catalysts
+ 20 renewable natural gas (RNG) plants under development - generates carbon credits and diversifies revenue streams
+ Pricing power in essential waste services with municipal contracts providing revenue stability
+ Strategic M&A activity to consolidate fragmented waste management market
+ Margin expansion initiatives and operational cost discipline offsetting commodity headwinds
+ ESG/sustainability tailwinds as environmental regulations tighten
Key risks
- High leverage (Debt/Equity 2.39x, LT Debt/Eq 2.31x) limits financial flexibility for acquisitions
- Low liquidity (current ratio 0.89, quick ratio 0.85) constrains capital deployment
- Recent Q4 2025 earnings miss (both revenue and EPS below consensus) signals integration challenges
- Commodity price volatility (recycled materials, fuel costs) pressures margins
- Labor cost inflation and potential labor disruptions in unionized workforce
- Modest growth momentum relative to valuation (P/E 34.5x, PEG 2.25)

Methodology

Waste Management Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.