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How Waste Management, Inc makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$25.2B · 100%Cost of revenue$15.0B · 60%Gross profit$10.2B · 40%Operating income$4.3B · 17%Income before tax$3.4B · 14%Income tax$717M · 3%Net income$2.7B · 11%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$25.2B100%
Cost of revenue$15.0B60%
$10.2B40%
$4.3B17%
Income before tax$3.4B14%
Income tax$717M3%
$2.7B11%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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