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Waste Management
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Waste Management's Revenue by Segment

In fiscal year 2025, Waste Management's revenue by segment (products & services) are as follows:

  • Commercial: $6.52 B
  • Healthcare Solutions: $2.95 B
  • Industrial: $3.99 B
  • Landfill: $5.35 B
  • Other Collection: $3.46 B
  • Recycling Processing and Sales: $1.87 B
  • Residential: $3.60 B
  • Transfer: $2.63 B

Learn more about Waste Management’s Revenue by Geography

Check out competitors to Waste Management in a side-by-side comparison.

Explore additional financial metrics for Waste Management.

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The above chart shows Waste Management's revenue percentage share by segment (products and services).

In fiscal year 2023, Waste Management's revenue by segment is as follows:

  • Commercial generated $5.11 B in revenue, representing 25.04% of its total revenue.
  • Industrial generated $3.08 B in revenue, representing 15.11% of its total revenue.
  • Landfill generated $3.25 B in revenue, representing 15.94% of its total revenue.
  • Other Collection generated $2.79 B in revenue, representing 13.66% of its total revenue.
  • Recycling Processing and Sales generated $1.26 B in revenue, representing 6.2% of its total revenue.
  • Residential generated $3.38 B in revenue, representing 16.56% of its total revenue.
  • Transfer generated $1.26 B in revenue, representing 6.16% of its total revenue.
  • WM Renewable Energy generated $273.00 M in revenue, representing 1.34% of its total revenue.

The biggest segment for Waste Management is the Commercial, which represents 25.04% of its total revenue.
The smallest segment for Waste Management is the WM Renewable Energy, which represents 1.34% of its total revenue.

The above chart shows Waste Management's revenue percentage share by segment (products and services).

In fiscal year 2024, Waste Management's revenue by segment is as follows:

  • Commercial generated $5.37 B in revenue, representing 24.37% of its total revenue.
  • Healthcare Solutions generated $403.00 M in revenue, representing 1.83% of its total revenue.
  • Industrial generated $3.09 B in revenue, representing 14.02% of its total revenue.
  • Landfill generated $3.45 B in revenue, representing 15.63% of its total revenue.
  • Other Collection generated $2.96 B in revenue, representing 13.45% of its total revenue.
  • Recycling Processing and Sales generated $1.60 B in revenue, representing 7.27% of its total revenue.
  • Residential generated $3.47 B in revenue, representing 15.73% of its total revenue.
  • Transfer generated $1.38 B in revenue, representing 6.27% of its total revenue.
  • WM Renewable Energy generated $318.00 M in revenue, representing 1.44% of its total revenue.

The biggest segment for Waste Management is the Commercial, which represents 24.37% of its total revenue.
The smallest segment for Waste Management is the WM Renewable Energy, which represents 1.44% of its total revenue.

The above chart shows Waste Management's revenue percentage share by segment (products and services).

In fiscal year 2025, Waste Management's revenue by segment is as follows:

  • Commercial generated $6.52 B in revenue, representing 21.47% of its total revenue.
  • Healthcare Solutions generated $2.95 B in revenue, representing 9.72% of its total revenue.
  • Industrial generated $3.99 B in revenue, representing 13.14% of its total revenue.
  • Landfill generated $5.35 B in revenue, representing 17.61% of its total revenue.
  • Other Collection generated $3.46 B in revenue, representing 11.41% of its total revenue.
  • Recycling Processing and Sales generated $1.87 B in revenue, representing 6.15% of its total revenue.
  • Residential generated $3.60 B in revenue, representing 11.85% of its total revenue.
  • Transfer generated $2.63 B in revenue, representing 8.66% of its total revenue.

The biggest segment for Waste Management is the Commercial, which represents 21.47% of its total revenue.
The smallest segment for Waste Management is the Recycling Processing and Sales, which represents 6.15% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Transfer 6.16% 6.27% 8.66%
Residential 16.56% 15.73% 11.85%
Other Collection 13.66% 13.45% 11.41%
Landfill 15.94% 15.63% 17.61%
Industrial 15.11% 14.02% 13.14%
Commercial 25.04% 24.37% 21.47%
WM Renewable Energy 1.34% 1.44% -
Recycling Processing and Sales 6.2% 7.27% 6.15%
Healthcare Solutions - 1.83% 9.72%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Waste Management.

In fiscal year 2025, the Commercial generated the most revenue ($6.52 B), and the Recycling Processing and Sales generated the least revenue ($1.87 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Commercial revenue increased 21.39% ($1.15 B) from $5.37 B (in 2024) to $6.52 B (in 2025).
  • Healthcare Solutions revenue increased 632.26% ($2.55 B) from $403.00 M (in 2024) to $2.95 B (in 2025).
  • Industrial revenue increased 29.14% ($900.00 M) from $3.09 B (in 2024) to $3.99 B (in 2025).
  • Landfill revenue increased 55.21% ($1.90 B) from $3.45 B (in 2024) to $5.35 B (in 2025).
  • Other Collection revenue increased 16.84% ($499.00 M) from $2.96 B (in 2024) to $3.46 B (in 2025).
  • Recycling Processing and Sales revenue increased 16.41% ($263.00 M) from $1.60 B (in 2024) to $1.87 B (in 2025).
  • Residential revenue increased 3.78% ($131.00 M) from $3.47 B (in 2024) to $3.60 B (in 2025).
  • Transfer revenue increased 90.37% ($1.25 B) from $1.38 B (in 2024) to $2.63 B (in 2025).
  • WM Renewable Energy revenue decreased -100% ($318.00 M) from $318.00 M (in 2024) to $0.00 (in 2025).
    • Continue reading...

    Summary Table

    Products & Services 2023
    Value Change
    		2024
    Value Change
    		2025
    Value Change
    Commercial $5.11 B - $5.37 B
    5.13%
    		$6.52 B
    21.39%
    Healthcare Solutions - - $403.00 M - $2.95 B
    632.26%
    Industrial $3.08 B - $3.09 B
    0.19%
    		$3.99 B
    29.14%
    Landfill $3.25 B - $3.45 B
    5.93%
    		$5.35 B
    55.21%
    Other Collection $2.79 B - $2.96 B
    6.39%
    		$3.46 B
    16.84%
    Recycling Processing and Sales $1.26 B - $1.60 B
    26.82%
    		$1.87 B
    16.41%
    Residential $3.38 B - $3.47 B
    2.61%
    		$3.60 B
    3.78%
    Transfer $1.26 B - $1.38 B
    9.86%
    		$2.63 B
    90.37%
    WM Renewable Energy $273.00 M - $318.00 M
    16.48%
    		- -
    Total Revenue $20.40 B - $22.04 B
    8.03%
    		$30.36 B
    37.76%

    Frequently Asked Questions

    What was Waste Management's largest product segment last year?

    In fiscal year 2025, Commercial revenue reached $6.52 Billion, representing 21.47% of Waste Management's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for Waste Management last year?

    The Healthcare Solutions segment is Waste Management's highest growth segment, with a revenue growth of +632.26% in 2025 compared to 2024.

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