WM continues to benefit from steady demand for waste collection and disposal services, supported by its network scale and pricing discipline, but its elevated debt and tight liquidity pose challenges. In the second quarter of 2026, core price increased 5.7%, adjusted operating EBITDA margin expanded 40 basis points to 30.9%, and revenues rose 4% year over year. The company's SmartTruck program generates over $300 million in annual run-rate EBITDA, while recycling and renewable energy adjusted operating EBITDA grew 32.5% year over year. WM returned $1 billion through share repurchases and paid $764 million in dividends in the first half of 2026. However, total debt stood at $23.36 billion against $557 million in cash, and the current ratio of 0.91 is below the industry average of 1.61, limiting financial flexibility. Adjusted earnings of $2.02 per share beat the Zacks Consensus Estimate by 1.5% and rose 5.2% from the prior year.
Waste Management IncSteady demand for waste services drives revenue growth and EBITDA expansion.
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