Waste Management annual debt-to-equity ratio
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Waste Management Debt-to-Equity Ratio Growth & History (WM)
Waste Management's debt-to-equity ratio was 2.39 for fiscal 2025.
View full Waste Management company overviewWaste Management annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.39 | −0.63 | −20.79% |
| 2024 | 2024-12-31 | 3.02 | 0.60 | +24.58% |
| 2023 | 2023-12-31 | 2.43 | 0.16 | +7.14% |
| 2022 | 2022-12-31 | 2.26 | 0.31 | +15.81% |
| 2021 | 2021-12-31 | 1.96 | 0.03 | +1.70% |
| 2020 | 2020-12-31 | 1.92 | −0.05 | −2.55% |
| 2019 | 2019-12-31 | 1.97 | 0.37 | +23.47% |
| 2018 | 2018-12-31 | 1.60 | 0.02 | +1.33% |
| 2017 | 2017-12-31 | 1.58 | −0.18 | −10.28% |
| 2016 | 2016-12-31 | 1.76 | 0.09 | +5.21% |
| 2015 | 2015-12-31 | 1.67 | 0.06 | +3.86% |
| 2014 | 2014-12-31 | 1.61 | −0.18 | −10.24% |
| 2013 | 2013-12-31 | 1.79 | 0.23 | +14.82% |
| 2012 | 2012-12-31 | 1.56 | −0.05 | −3.34% |
| 2011 | 2011-12-31 | 1.61 | 0.19 | +13.56% |
| 2010 | 2010-12-31 | 1.42 | 0.01 | +0.40% |
| 2009 | 2009-12-31 | 1.42 | 0.15 | +11.57% |
| 2008 | 2008-12-31 | 1.27 | — | — |
Waste Management quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.35 | −0.26 | −9.86% |
| Q1 2026 | 2026-03-31 | 2.28 | −0.47 | −17.11% |
| Q4 2025 | 2025-12-31 | 2.39 | −0.63 | −20.79% |
| Q3 2025 | 2025-09-30 | 2.45 | 0.37 | +17.59% |
| Q2 2025 | 2025-06-30 | 2.61 | 0.37 | +16.27% |
| Q1 2025 | 2025-03-31 | 2.76 | 0.48 | +21.23% |
| Q4 2024 | 2024-12-31 | 3.02 | 0.60 | +24.58% |
| Q3 2024 | 2024-09-30 | 2.09 | −0.13 | −5.99% |
| Q2 2024 | 2024-06-30 | 2.25 | 0.02 | +0.94% |
| Q1 2024 | 2024-03-31 | 2.27 | 0.01 | +0.48% |
| Q4 2023 | 2023-12-31 | 2.43 | 0.16 | +7.14% |
| Q3 2023 | 2023-09-30 | 2.22 | 0.21 | +10.67% |
| Q2 2023 | 2023-06-30 | 2.22 | 0.24 | +12.02% |
| Q1 2023 | 2023-03-31 | 2.26 | 0.37 | +19.83% |
| Q4 2022 | 2022-12-31 | 2.26 | 0.31 | +15.81% |
| Q3 2022 | 2022-09-30 | 2.01 | 0.19 | +10.28% |
| Q2 2022 | 2022-06-30 | 1.99 | 0.18 | +10.23% |
| Q1 2022 | 2022-03-31 | 1.89 | 0.07 | +3.95% |
| Q4 2021 | 2021-12-31 | 1.96 | 0.03 | +1.70% |
| Q3 2021 | 2021-09-30 | 1.82 | 0.36 | +24.89% |
| Q2 2021 | 2021-06-30 | 1.80 | −0.05 | −2.93% |
| Q1 2021 | 2021-03-31 | 1.82 | −0.18 | −8.97% |
| Q4 2020 | 2020-12-31 | 1.92 | −0.05 | −2.55% |
| Q3 2020 | 2020-09-30 | 1.46 | −0.58 | −28.57% |
| Q2 2020 | 2020-06-30 | 1.86 | −0.17 | −8.60% |
| Q1 2020 | 2020-03-31 | 1.99 | 0.32 | +19.00% |
| Q4 2019 | 2019-12-31 | 1.97 | 0.37 | +23.47% |
| Q3 2019 | 2019-09-30 | 2.04 | 0.43 | +27.02% |
| Q2 2019 | 2019-06-30 | 2.03 | 0.41 | +25.47% |
| Q1 2019 | 2019-03-31 | 1.68 | 0.03 | +1.76% |
| Q4 2018 | 2018-12-31 | 1.60 | 0.02 | +1.33% |
| Q3 2018 | 2018-09-30 | 1.61 | −0.17 | −9.33% |
| Q2 2018 | 2018-06-30 | 1.62 | −0.03 | −1.99% |
| Q1 2018 | 2018-03-31 | 1.65 | 0.01 | +0.52% |
| Q4 2017 | 2017-12-31 | 1.58 | −0.18 | −10.28% |
| Q3 2017 | 2017-09-30 | 1.77 | 0.04 | +2.46% |
| Q2 2017 | 2017-06-30 | 1.65 | −0.18 | −9.78% |
| Q1 2017 | 2017-03-31 | 1.64 | −0.18 | −9.65% |
| Q4 2016 | 2016-12-31 | 1.76 | 0.09 | +5.21% |
| Q3 2016 | 2016-09-30 | 1.73 | −0.00 | −0.04% |
| Q2 2016 | 2016-06-30 | 1.83 | 0.14 | +8.23% |
| Q1 2016 | 2016-03-31 | 1.81 | 0.16 | +9.43% |
| Q4 2015 | 2015-12-31 | 1.67 | 0.06 | +3.86% |
| Q3 2015 | 2015-09-30 | 1.73 | −0.17 | −8.77% |
| Q2 2015 | 2015-06-30 | 1.69 | 0.02 | +1.01% |
| Q1 2015 | 2015-03-31 | 1.66 | −0.12 | −6.71% |
| Q4 2014 | 2014-12-31 | 1.61 | −0.18 | −10.24% |
| Q3 2014 | 2014-09-30 | 1.89 | 0.40 | +26.36% |
| Q2 2014 | 2014-06-30 | 1.67 | 0.17 | +11.52% |
| Q1 2014 | 2014-03-31 | 1.78 | 0.21 | +13.63% |
| Q4 2013 | 2013-12-31 | 1.79 | 0.23 | +14.82% |
| Q3 2013 | 2013-09-30 | 1.50 | −0.09 | −5.71% |
| Q2 2013 | 2013-06-30 | 1.50 | −0.09 | −5.53% |
| Q1 2013 | 2013-03-31 | 1.56 | −0.03 | −1.72% |
| Q4 2012 | 2012-12-31 | 1.56 | −0.05 | −3.34% |
| Q3 2012 | 2012-09-30 | 1.59 | −0.02 | −1.47% |
| Q2 2012 | 2012-06-30 | 1.59 | 0.16 | +11.06% |
| Q1 2012 | 2012-03-31 | 1.59 | 0.13 | +8.93% |
| Q4 2011 | 2011-12-31 | 1.61 | 0.19 | +13.56% |
| Q3 2011 | 2011-09-30 | 1.61 | 0.14 | +9.54% |
| Q2 2011 | 2011-06-30 | 1.43 | −0.14 | −9.11% |
| Q1 2011 | 2011-03-31 | 1.46 | 0.15 | +11.16% |
| Q4 2010 | 2010-12-31 | 1.42 | 0.01 | +0.40% |
| Q3 2010 | 2010-09-30 | 1.47 | 0.27 | +22.06% |
| Q2 2010 | 2010-06-30 | 1.57 | 0.26 | +19.40% |
| Q1 2010 | 2010-03-31 | 1.31 | — | — |
| Q4 2009 | 2009-12-31 | 1.42 | 0.15 | +11.57% |
| Q3 2009 | 2009-09-30 | 1.21 | — | — |
| Q2 2009 | 2009-06-30 | 1.32 | — | — |
| Q4 2008 | 2008-12-31 | 1.27 | — | — |
Waste Management debt-to-equity ratio trends
Over the last five fiscal years, Waste Management's debt-to-equity ratio increased from 1.92 to 2.39, a change of 0.47. The latest reported quarter, Q2 2026, shows 2.35.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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