Waste Management, Inc. Financial Ratios — WM Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	15.59	13.15	1.63	22.43	13.43	22.21	34.45	31.32	25.03	20.61	24.92	32.03	33.51	36.24	29.69
Return on Assets (%)	4.36	3.58	0.43	5.91	3.61	5.73	9.13	8.66	6.63	5.24	6.21	7.4	7.18	7.1	5.99
Return on Capital (%)	7.79	6.68	1.17	10.23	6.94	9.87	15.06	14.01	10.82	8.76	10.04	11.92	12.05	11.66	10.54
Return on Invested Capital (%)	8.64	8.09	3.33	10.78	10.28	10.82	15.48	13.93	11.88	9.38	10.96	12.43	12.82	11.96	11.24
Gross Margin (%)	36.16	34.95	34.84	35.68	36.49	37.64	37.72	37.98	38.56	38.62	38.03	37.59	38.28	39.34	40.44
EBITDA Margin (%)	24.56	24.16	24.34	25.1	26.13	27.28	27.59	28.24	28	27.26	27.64	27.75	28.86	29.08	29.64
Operating Margin (%)	15.38	14.66	14.8	15.87	16.53	17.72	18.09	18.34	17.82	16.28	16.49	17.4	18.72	18.81	18.28
Incremental Operating Margin (%)	2.43	-20.66	20.66	1,161.54	7.63	41.67	23.74	26.81	3.51	116.46	17.66	26.66	54.26	19.91	14.58
Pretax Margin (%)	11.36	9.55	3.53	12.51	8.18	13.39	15.13	15.93	13.62	12.44	13.1	14.81	14.79	15.67	13.59
Profit Margin (%)	7.18	5.99	0.7	9.27	5.81	8.69	13.46	12.91	10.81	9.83	10.13	11.36	11.28	12.45	10.74
Net Income to Common Margin (%)	7.18	5.99	0.7	9.27	5.81	8.69	13.46	12.91	10.81	9.83	10.13	11.36	11.28	12.45	10.74
Effective Tax Rate (%)	33.62	34	73.68	23.59	29.06	35.24	11.05	19.07	20.62	20.97	22.65	23.24	24.66	20.62	20.93
Dvd Payout Ratio (%)	60.26	72.87	421.6	50.29	92.54	61.63	38.48	41.75	52.39	61.97	53.36	48.04	50.53	44.1	49.23
Sustainable Growth Rate (%)	6.19	3.57	-5.23	11.15	1	8.52	21.19	18.24	11.92	7.84	11.62	16.65	16.58	20.26	15.07

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	9,756	9,916	10,226	9,435	8,929	9,310	9,491	10,026	13,498	13,810	13,405	14,984	16,229	23,900	22,907
ST Debt	631	743	726	1,090	253	417	739	432	218	551	708	414	334	1,359	711
LT Debt	9,125	9,173	9,500	8,345	8,676	8,893	8,752	9,594	13,280	13,259	12,697	14,570	15,895	22,541	22,196
Total Debt/EBITDA	2.97	3.01	3	2.69	2.64	2.51	2.38	2.38	3.12	3.33	2.7	2.74	2.75	3.73	3.07
Net Debt/EBITDA	2.89	2.95	2.99	2.31	2.62	2.5	2.37	2.37	2.3	3.2	2.68	2.68	2.68	3.66	3.04
Total Debt/EBIT	4.74	4.96	4.94	4.25	4.17	3.86	3.62	3.67	4.9	5.57	4.53	4.37	4.25	5.76	4.97
Net Debt/EBIT	4.62	4.86	4.91	3.66	4.15	3.85	3.61	3.64	3.61	5.35	4.49	4.27	4.13	5.66	4.93
EBITDA to Interest Expense	6.83	6.81	7.13	7.54	8.8	9.88	11.01	11.26	10.53	9.76	13.58	14.46	11.79	10.73	8.19
EBITDA-CapEx/Interest Expense	6.83	6.81	7.13	7.54	8.8	9.88	11.01	11.26	10.53	9.76	13.58	14.46	11.79	10.73	8.19
EBIT to Interest Expense	4.28	4.13	4.34	4.77	5.56	6.41	7.22	7.31	6.7	5.83	8.1	9.07	7.65	6.94	5.05
Interest Expense	481	484	477	466	385	376	363	374	411	425	365	378	500	598	912
Common Equity/Total Assets	26.9	27.51	25.25	27.54	26.24	25.39	27.57	27.7	25.48	25.39	24.48	21.84	21.03	18.52	21.8
Long-Term Debt/Equity (%)	142.8	137.42	158.28	141.7	161.65	167.16	144.85	152.87	187.84	177.88	178.18	212.27	230.5	273.09	222.16
Long-Term Debt/Capital (%)	56.52	55.29	58.54	54.46	60.69	60.79	56.34	58.85	64.57	62.35	61.84	66.69	68.74	70.1	67.47
Long-Term Debt/Total Assets (%)	40.43	39.72	42.03	39.18	42.6	42.63	40.09	42.36	47.87	45.18	43.64	46.45	48.43	50.58	48.43
Total Debt/Equity (%)	152.68	148.55	170.38	160.21	166.37	175	157.08	159.75	190.92	185.27	188.11	218.3	235.34	289.56	229.28
Total Debt/Capital (%)	60.42	59.77	63.01	61.57	62.46	63.64	61.1	61.5	65.63	64.95	65.29	68.58	70.18	74.33	69.63
Total Debt/Total Assets (%)	43.23	42.93	45.24	44.3	43.84	44.63	43.48	44.26	48.65	47.06	46.07	47.77	49.44	53.63	49.98
Net Debt to Equity	148.64	145.65	169.41	138.02	165.64	174.4	156.72	158.78	140.55	177.85	186.46	213.18	228.7	284.54	227.26
Net Debt/Capital (%)	59.78	59.29	62.88	57.99	62.36	63.56	61.05	61.36	58.43	64.01	65.09	68.07	69.58	73.99	69.44
EBITDA	3,286	3,298	3,403	3,513	3,387	3,713	3,996	4,212	4,328	4,149	4,956	5,466	5,894	6,416	7,470
EBITDA-CapEx	3,286	3,298	3,403	3,513	3,387	3,713	3,996	4,212	4,328	4,149	4,956	5,466	5,894	6,416	7,470
Operating Income (Loss)	2,057	2,001	2,070	2,221	2,142	2,412	2,620	2,735	2,754	2,478	2,957	3,428	3,823	4,149	4,607

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.08	0.06	0.08	0.38	0.02	0.01	0.01	0.02	1.13	0.16	0.03	0.08	0.11	0.07	0.04
Current Ratio	0.78	0.8	0.83	1.01	0.93	0.85	0.83	0.85	1.97	1	0.75	0.81	0.9	0.76	0.89
Quick Ratio	0.66	0.67	0.68	0.93	0.85	0.77	0.73	0.75	1.87	0.89	0.65	0.71	0.79	0.66	0.77
CFO/Avg Current Liab	0.89	0.75	0.81	0.72	0.84	1.13	1.05	1.12	1.24	1.02	1.14	1.07	1.09	1.03	1.03
Common Equity/Total Assets	26.9	27.51	25.25	27.54	26.24	25.39	27.57	27.7	25.48	25.39	24.48	21.84	21.03	18.52	21.8
Long-Term Debt/Equity (%)	142.8	137.42	158.28	141.7	161.65	167.16	144.85	152.87	187.84	177.88	178.18	212.27	230.5	273.09	222.16
Long-Term Debt/Capital (%)	56.52	55.29	58.54	54.46	60.69	60.79	56.34	58.85	64.57	62.35	61.84	66.69	68.74	70.1	67.47
Long-Term Debt/Total Assets (%)	40.43	39.72	42.03	39.18	42.6	42.63	40.09	42.36	47.87	45.18	43.64	46.45	48.43	50.58	48.43
Total Debt/Equity (%)	152.68	148.55	170.38	160.21	166.37	175	157.08	159.75	190.92	185.27	188.11	218.3	235.34	289.56	229.28
Total Debt/Capital (%)	60.42	59.77	63.01	61.57	62.46	63.64	61.1	61.5	65.63	64.95	65.29	68.58	70.18	74.33	69.63
Total Debt/Total Assets (%)	43.23	42.93	45.24	44.3	43.84	44.63	43.48	44.26	48.65	47.06	46.07	47.77	49.44	53.63	49.98
CFO/Total Liabilities	15.26	13.98	14.79	15.13	16.85	19.33	20.14	21.8	18.74	15.55	19.74	18.51	18.2	14.84	16.86
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.37	2.35	2.57	2.97	3.08	3.44	3.71	3.75	3.48	3.38	4.15	3.85	3.97	3.42	3.75

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	8.52	8.11	8.14	8.52	8.27	8.38	8.27	7.98	7.97	7.52	8.2	8.31	8.02	7.47	7.52
Days Sales Outstanding	42.85	45.03	44.85	42.85	44.16	43.57	44.16	45.72	45.82	48.52	44.53	43.91	45.51	48.84	48.56
Inventory Turnover	60.36	54.31	51.77	63.39	83.14	93.25	97	93.42	91.31	81.23	85.8	82.23	74.81	70.62	69.66
Days Inventory Outstanding	6.05	6.72	7.05	5.76	4.39	3.91	3.76	3.91	4	4.49	4.25	4.44	4.88	5.17	5.24
Accounts Payable Turnover	11.19	10.6	11.5	12.04	11.25	11.16	9.82	8.91	9.04	8.56	8.91	7.85	7.26	7.15	7.68
Accounts Payable Turnover Days	32.6	34.45	31.75	30.33	32.45	32.7	37.18	40.96	40.38	42.63	40.96	46.52	50.27	51.08	47.51
Cash Conversion Cycle	16.29	17.31	20.14	18.28	16.1	14.79	10.74	8.67	9.43	10.39	7.83	1.83	0.12	2.93	6.29
Inventory to Cash Days	36.8	38.31	37.8	37.09	39.77	39.66	40.4	41.81	41.82	44.03	40.27	39.47	40.63	43.68	43.33
Inventories	153	174	178	106	92	90	96	102	106	124	135	164	173	206	225
Raw Materials	153	174	178	106	92	90	96	102	106	124	135	164	173	206	225
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	15,064	15,663	20,834	23,532	23,866	31,152	37,395	37,730	48,356	49,861	69,451	63,989	71,901	81,018	88,530
- Cash & Cash Equivalents	258	194	58	1,307	39	32	22	61	3,561	553	118	351	458	414	201
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	320	321	295	23	22	23	23	1	2	2	2	15	-7	2	1
+ Total Debt	9,756	9,916	10,226	9,435	8,929	9,310	9,491	10,026	13,498	13,810	13,405	14,984	16,229	23,900	22,907
Enterprise Value	24,882	25,706	31,120	31,683	32,778	40,453	46,887	47,696	58,295	63,120	82,740	78,637	87,665	104,506	111,237
Total Capital	16,146	16,591	16,228	15,324	14,296	14,630	15,533	16,302	20,568	21,264	20,531	21,848	23,125	32,154	32,898
Total Debt/Capital (%)	60.42	59.77	63.01	61.57	62.46	63.64	61.1	61.5	65.63	64.95	65.29	68.58	70.18	74.33	69.63
Total Debt / EV	0.39	0.39	0.33	0.3	0.27	0.23	0.2	0.21	0.23	0.22	0.16	0.19	0.19	0.23	0.21
EV/Sales	1.86	1.88	2.23	2.26	2.53	2.97	3.24	3.2	3.77	4.15	4.61	3.99	4.29	4.74	4.41
EV/EBITDA	7.57	7.79	9.14	9.02	9.68	10.89	11.73	11.32	13.47	15.21	16.69	14.39	14.87	16.29	14.89
EV/EBIT	12.1	12.85	15.03	14.27	15.3	16.77	17.9	17.44	21.17	25.47	27.98	22.94	22.93	25.19	24.15
EV/Cash Flow to Firm	8.92	9.83	12.06	11.79	11.7	12.46	13.39	12.32	13.88	16.88	17.91	16.29	17.2	17.82	16.45
EV/Free Cash Flow to Firm	8.92	9.83	12.06	11.79	11.7	12.46	13.39	12.32	13.88	16.88	17.91	16.29	17.2	17.82	16.45
Diluted Market Cap	15,419	15,669	21,080	23,895	24,331	31,661	38,136	38,461	48,718	50,132	70,582	65,105	72,876	81,402	88,807
Diluted Enterprise Value	25,237	25,712	31,543	32,046	33,243	40,962	47,628	48,427	58,657	63,391	83,871	79,753	88,640	104,890	111,514
EV per Share	54.03	55.37	67.02	69.1	73.3	92.08	108.21	112.5	137.38	149.29	198.84	192.79	218.37	260.29	276.06
TTM Sales	13,378	13,649	13,983	13,996	12,961	13,609	14,485	14,914	15,455	15,218	17,931	19,698	20,426	22,063	25,204
TTM EBITDA	3,286	3,298	3,403	3,513	3,387	3,713	3,996	4,212	4,328	4,149	4,956	5,466	5,894	6,416	7,470
TTM Operating Income	2,057	2,001	2,070	2,221	2,142	2,412	2,620	2,735	2,754	2,478	2,957	3,428	3,823	4,149	4,607
TTM Cash Flow to Firm	2,788	2,614	2,581	2,687	2,801	3,247	3,503	3,873	4,200	3,739	4,620	4,826	5,096	5,865	6,764
TTM Free Cash Flow to Firm	2,788	2,614	2,581	2,687	2,801	3,247	3,503	3,873	4,200	3,739	4,620	4,826	5,096	5,865	6,764

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	6.25	6.83	8.59	10.25	9.62	10.54	11.99	10.77	12.58	14.73	16.27	14.35	15.44	15.1	14.7
EV/EBIT	12.1	12.85	15.03	14.27	15.3	16.77	17.9	17.44	21.17	25.47	27.98	22.94	22.93	25.19	24.15
Enterprise Value	24,882	25,706	31,120	31,683	32,778	40,453	46,887	47,696	58,295	63,120	82,740	78,637	87,665	104,506	111,237
Low Price	27.75	30.82	33.7	40.35	45.86	50.36	69	78.39	87.32	85.34	109.11	138.58	148.31	176.68	194.11
EV/Sales	1.86	1.88	2.23	2.26	2.53	2.97	3.24	3.2	3.77	4.15	4.61	3.99	4.29	4.74	4.41
EV/EBITDA	7.57	7.79	9.14	9.02	9.68	10.89	11.73	11.32	13.47	15.21	16.69	14.39	14.87	16.29	14.89
Price/Earnings	15.99	19.15	214.14	18.29	32.09	26.61	19.43	19.84	28.97	33.35	38.64	28.94	31.47	29.5	32.67
Price/Earnings Average	17.1	19.1	193.75	16.04	31.02	23.28	16.98	19.34	27.74	31.3	32.8	29.26	28.47	30.28	33.15
Price/Earnings High	19.4	20.63	221.35	18.51	33.62	26.93	19.56	21.29	30.96	35.85	38.9	32.46	31.6	33.69	36.07
Price/Earnings Low	13.56	17.49	160.83	14.38	27.57	18.9	15.53	17.47	22.2	24.13	25.26	25.56	26.06	25.83	28.87
Price/Book Value	2.48	2.47	3.65	4.01	4.47	5.88	6.21	6.01	6.84	6.69	9.75	9.34	10.42	9.82	8.86
Price/Book Value Average	2.65	2.46	3.3	3.52	4.32	5.14	5.43	5.86	6.55	6.28	8.28	9.45	9.42	10.07	8.99
Price/Book Value High	3.01	2.66	3.77	4.06	4.68	5.95	6.26	6.45	7.31	7.19	9.82	10.48	10.46	11.21	9.78
Price/Book Value Low	2.11	2.25	2.74	3.15	3.84	4.18	4.97	5.3	5.24	4.84	6.37	8.25	8.63	8.6	7.83
Price/Tangible Book Value	-25.02	-46.89	-23.36	-74.94	-21.39	-20.64	-48.25	-51.9	3,223.75	-19.43	-24.79	-19.38	-22.98	-8.64	-11.56
Price/Tangible Book Value Average	-26.76	-46.78	-21.13	-65.74	-20.67	-18.06	-42.16	-50.6	3,085.86	-18.24	-21.04	-19.6	-20.79	-8.87	-11.73
Price/Tangible Book Value High	-30.36	-50.52	-24.14	-75.86	-22.41	-20.9	-48.58	-55.69	3,444.68	-20.89	-24.96	-21.74	-23.07	-9.87	-12.77
Price/Tangible Book Value Low	-21.23	-42.84	-17.54	-58.92	-18.38	-14.66	-38.58	-45.72	2,470.14	-14.06	-16.2	-17.12	-19.03	-7.57	-10.21
Price/Sales	1.15	1.15	1.5	1.7	1.86	2.31	2.61	2.56	3.13	3.28	3.91	3.29	3.55	3.67	3.51
Price/Sales Average	1.23	1.14	1.36	1.49	1.8	2.02	2.28	2.5	3	3.08	3.32	3.32	3.21	3.77	3.56
Price/Sales High	1.39	1.23	1.55	1.72	1.95	2.34	2.63	2.75	3.35	3.52	3.94	3.69	3.56	4.19	3.88
Price/Sales Low	0.97	1.05	1.13	1.33	1.6	1.64	2.09	2.26	2.4	2.37	2.56	2.9	2.94	3.22	3.1
Price/Cash Flow	6.22	6.82	8.55	10.18	9.56	10.47	11.91	10.7	12.49	14.66	16.17	14.28	15.37	15.03	14.64
Price/Cash Flow Average	6.65	6.8	7.73	8.93	9.24	9.16	10.41	10.43	11.96	13.76	13.73	14.43	13.9	15.42	14.85
Price/Cash Flow High	7.55	7.34	8.84	10.31	10.02	10.6	11.99	11.48	13.35	15.76	16.28	16.02	15.43	17.16	16.17
Price/Cash Flow Low	5.28	6.23	6.42	8.01	8.21	7.44	9.52	9.42	9.57	10.61	10.57	12.61	12.73	13.16	12.94
Price/Free Cash Flow Average	6.68	6.81	7.77	8.99	9.31	9.22	10.48	10.5	12.04	13.83	13.81	14.51	13.97	15.5	14.91
Price/Free Cash Flow High	7.58	7.36	8.88	10.38	10.09	10.67	12.07	11.56	13.44	15.84	16.38	16.1	15.5	17.24	16.23
Price/Free Cash Flow Low	5.3	6.24	6.45	8.06	8.27	7.49	9.59	9.49	9.64	10.66	10.64	12.68	12.79	13.22	12.98
EV/Sales Average	1.94	1.88	2.1	2.06	2.47	2.69	2.91	3.13	3.64	3.95	4.03	4.03	3.96	4.83	4.46
EV/Sales High	2.1	1.97	2.29	2.28	2.62	3	3.25	3.38	3.99	4.39	4.64	4.39	4.31	5.26	4.78
EV/Sales Low	1.69	1.78	1.87	1.9	2.27	2.31	2.72	2.9	3.04	3.24	3.27	3.61	3.69	4.28	4
EV/EBITDA Average	7.89	7.78	8.61	8.2	9.44	9.84	10.55	11.1	12.99	14.48	14.58	14.52	13.71	16.62	15.06
EV/EBITDA High	8.55	8.16	9.4	9.1	10.02	11	11.8	11.98	14.24	16.12	16.79	15.81	14.92	18.08	16.12
EV/EBITDA Low	6.88	7.38	7.67	7.59	8.69	8.46	9.86	10.26	10.86	11.89	11.84	13.02	12.78	14.72	13.51
EV/EBIT Average	12.6	12.83	14.16	12.96	14.93	15.15	16.09	17.09	20.42	24.24	24.43	23.15	21.14	25.7	24.42
EV/EBIT High	13.66	13.45	15.46	14.4	15.84	16.93	17.99	18.45	22.37	26.98	28.14	25.21	23	27.96	26.15
EV/EBIT Low	10.99	12.17	12.61	12	13.73	13.03	15.03	15.8	17.06	19.91	19.85	20.76	19.7	22.76	21.91
Last Price	32.71	33.74	44.87	51.32	53.37	70.91	86.3	88.99	113.96	117.93	166.9	156.88	179.1	201.79	219.71
High Price	39.69	36.35	46.38	51.95	55.93	71.78	86.89	95.49	121.77	126.79	168.04	175.98	179.8	230.39	242.58
Enterprise Value Average	25,927	25,667	29,313	28,793	31,985	36,553	42,167	46,749	56,227	60,066	72,250	79,344	80,805	106,626	112,524
Enterprise Value High	28,097	26,917	31,998	31,972	33,923	40,835	47,143	50,452	61,609	66,866	83,214	86,428	87,946	115,988	120,453
Enterprise Value Low	22,598	24,350	26,111	26,653	29,420	31,425	39,391	43,202	46,991	49,341	58,692	71,173	75,304	94,424	100,922

Shares Outstanding	461	464	464	459	447	439	433	424	424	423	416	408	401	401	403
Diluted Weighted Avg Shares	471	464	470	466	456	446	442	432	428	425	423	415	407	403	404
Basic Weighted Avg Shares	470	464	468	463	453	444	439	429	425	423	420	413	405	402	403
Revenue per Share	28.48	29.44	29.9	30.26	28.63	30.69	33.01	34.76	36.4	35.98	42.65	47.72	50.45	54.95	62.59
EBITDA per Share	7	7.11	7.28	7.59	7.48	8.37	9.11	9.82	10.19	9.81	11.79	13.24	14.56	15.98	18.55
Operating Income per Share	4.38	4.32	4.43	4.8	4.73	5.44	5.97	6.37	6.49	5.86	7.03	8.3	9.44	10.33	11.44
Basic EPS, GAAP	2.05	1.76	0.21	2.81	1.66	2.67	4.44	4.49	3.93	3.54	4.32	5.42	5.69	6.84	6.72
Basic EPS from Cont Ops	2.15	1.86	0.28	2.89	1.66	2.66	4.44	4.48	3.94	3.54	4.32	5.43	5.62	6.84	6.73
Diluted EPS, GAAP	2.04	1.76	0.21	2.79	1.65	2.65	4.41	4.45	3.91	3.52	4.29	5.39	5.66	6.81	6.7
Diluted EPS from Cont Ops	2.14	1.85	0.28	2.87	1.65	2.64	4.41	4.45	3.91	3.52	4.3	5.4	5.59	6.8	6.7
Dividend per Share	1.36	1.42	1.46	1.5	1.54	1.64	1.71	1.87	2.06	2.19	2.31	2.61	2.81	3.01	3.31
Cash Flow per Share	5.26	4.95	5.25	5.04	5.58	6.77	7.25	8.32	9.12	8.04	10.32	10.99	11.65	13.42	15.01
Free Cash Flow per Basic Share	5.26	4.95	5.25	5.04	5.58	6.77	7.25	8.32	9.12	8.04	10.32	10.99	11.65	13.42	15.01
Cash & Equivalents per Share	0.56	0.42	0.51	2.85	0.09	0.07	0.05	0.14	8.39	1.31	0.28	0.86	1.14	1.03	0.5
Book Value per Share	13.18	13.69	12.29	12.79	11.95	12.06	13.89	14.8	16.66	17.63	17.12	16.79	17.19	20.55	24.79
Tangible Book Value per Share	-1.31	-0.72	-1.92	-0.68	-2.5	-3.43	-1.79	-1.71	0.04	-6.07	-6.73	-8.09	-7.79	-23.35	-19

Waste Management, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)