Waste Management Posts Q2 Earnings with 33% Increase in Net Cash Provided by Operating Activities

Waste Management (WM) reported Q2 2025 earnings with a 19% increase in total company revenue to $6.43 billion, driven by strong performance in its Collection and Disposal business. Adjusted operating EBITDA grew to $1.923 billion, reflecting robust organic revenue growth and margin expansion. The company also released its 2025 Sustainability Report, highlighting its commitment to advancing innovative environmental solutions. WM remains confident in achieving its full-year financial targets, with expectations to deliver adjusted operating EBITDA in line with guidance and free cash flow exceeding initial projections.

Waste Management (WM) reported robust financial performance for the second quarter of 2025, with total company revenue increasing by 19% to $6.43 billion. The company's Collection and Disposal business drove this growth, achieving organic revenue growth and margin expansion [1].

Adjusted operating EBITDA grew to $1.923 billion, reflecting robust organic revenue growth and margin expansion. The company's operating EBITDA margin improved to 28.9%, up from 28.7% in the prior year quarter. This growth was driven by strong performance in the WM Legacy Business and the WM Healthcare Solutions segment [2].

Waste Management also released its 2025 Sustainability Report, highlighting the company's commitment to advancing innovative environmental solutions. The report underscores the company's progress in reducing greenhouse gas emissions by 22% since 2021 and its strategic investments in recycling and renewable natural gas facilities [2].

The company remains confident in achieving its full-year financial targets. With two quarters of the year complete, Waste Management is on track to deliver adjusted operating EBITDA in line with its guidance and free cash flow exceeding initial projections. The company's adjusted operating EBITDA guidance midpoint is now $7.550 billion, with a narrowed range of $7.475 to $7.625 billion. Free cash flow is projected to be between $2.8 and $2.9 billion, an increase of $125 million from the initial guidance [2].

References:
[1] https://finance.yahoo.com/news/waste-management-second-quarter-2025-101138722.html
[2] https://investors.wm.com/news-releases/news-release-details/wm-announces-second-quarter-2025-earnings