What is WM's Free Cash Flow?

  Waste Management Inc ( WM ) |
1995 - 2021 (27 years)

Free Cash Flow is 
$4.4B (1Y +46.3% )

WM Stock Price & Free Cash Flow

Free Cash Flow for WM competitors.
SRCL CWST ECOL CLH RSG PESI WCN
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Free Cash Flow

chevron_right 2021 $2.8B +22.0x *
( +12.3% / year avg)
chevron_left 1995 -$123.4M
vertical_align_top Peak $2.8B +2.36x *
vertical_align_bottom Bottom -$2.1B
arrow_drop_up # Up Years 17 17 of 27
years up.
arrow_drop_down # Down Years 10
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • WM's stock price has rallied +4,321% from $2.65 in 1995 , or -1.76x faster than it's free cash flow over the same period.
  • If WM grows it's stock at the same rate as it's free cash flow (+12.3%/year) , it's stock price will grow +319% and hit $373.46 over the next 10 years.
  • WM's stock price has gone up 14 of the 17 years (+82%) it's free cash flow were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • WM Historical Free Cash Flow Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Free Cash Flow YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $2,841 32.3% $117.07 3.2%
    4/1/2020 $2,148 20.8% $113.46 -2.7%
    4/1/2019 $1,778 5.8% $116.62 33.9%
    4/1/2018 $1,680 -5.9% $87.08 20.5%
    4/1/2017 $1,785 27.3% $72.28 23.5%
    4/1/2016 $1,402 11.4% $58.52 31.5%
    4/1/2015 $1,258 6.6% $44.52 9.9%
    4/1/2014 $1,180 -4.3% $40.51 20.2%
    4/1/2013 $1,233 36.5% $33.69 21.7%
    4/1/2012 $903 -16.6% $27.68 9.3%
    4/1/2011 $1,083 -15.4% $25.34 3.5%
    4/1/2010 $1,280 21.0% $24.47 14.9%
    4/1/2009 $1,058 -13.1% $21.31 -12.2%
    4/1/2008 $1,218 -5.9% $24.27 -3.8%
    4/1/2007 $1,295 0.3% $25.22 12.7%
    4/1/2006 $1,291 13.2% $22.37 28.2%
    4/1/2005 $1,140 11.9% $17.45 1.4%
    4/1/2004 $1,019 37.5% $17.2 6.5%
    4/1/2003 $741 -24.0% $16.14 12.5%
    4/1/2002 $975 46.6% $14.35 -23.4%
    4/1/2001 $665 -18.1% $18.75 63.3%
    4/1/2000 $812 -187.7% $11.48 -25.6%
    4/1/1999 $-926 -55.8% $15.44 -53.7%
    4/1/1998 $-2,095 16.3% $33.36 31.2%
    4/1/1997 $-1,802 1280.2% $25.42 52.7%
    4/1/1996 $-130 5.8% $16.64 41.0%
    4/1/1995 $-123 - $11.8 -

  • About
    Industry: Waste Management
    Sector: Industrials
    Country: US
    IPO Date: 7/20/1993
    Stonk Exchange: NYSE
    • Waste Management, Inc
    • engages in the provision of waste management environmental services.
    • The company is headquartered in Houston, Texas and currently employs 43,700 full-time employees.
    • The Company, through its subsidiaries, is a provider of waste management environmental services.
    • The firm's segments include Solid Waste and Other.
    • The firm's Solid Waste segment includes its solid waste business.
    • The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
    • As of December 31, 2016, the Company owned or operated 243 solid waste landfills and five secure hazardous waste landfills.
    • Its recycling brokerage services involve managing the marketing of recyclable materials for third parties.

  • Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet.

    Operating Cash Flow - CapEX = Free Cash Flow

    For more detailed definitions, please see Investopedia.