Market Summary
USD151.21-1.23
Market Closed-0.81%
WM Stock Price
WM RSI Chart
WM Valuation
WM Price/Sales (Trailing)
WM Profitability
WM Fundamentals
WM Revenue
WM Earnings
Price Action
52 Week Range
147.79173.71
(Low)(High)
Last 7 days
-3.8%
Last 30 days
-3.7%
Last 90 days
-11.8%
Trailing 12 Months
-5.6%
WM Financial Health
WM Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for WM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-31 | Fish James C Jr | gifted | - | - | -12,615 | pres, chief executive officer |
2023-08-15 | Chinn Bruce E. | sold | -27,424 | 159 | -172 | - |
2023-07-17 | POPE JOHN C | sold | -33,343 | 168 | -198 | - |
2023-07-15 | Gluski Andres | acquired | 90,005 | 167 | 536 | - |
2023-07-15 | Sylvester Maryrose | acquired | 90,005 | 167 | 536 | - |
2023-07-15 | POPE JOHN C | acquired | 90,005 | 167 | 536 | - |
2023-07-15 | HOLT VICTORIA M | acquired | 90,005 | 167 | 536 | - |
2023-07-15 | MAZZARELLA KATHLEEN M | acquired | 140,046 | 167 | 834 | - |
2023-07-15 | Chinn Bruce E. | acquired | 89,501 | 167 | 533 | - |
2023-07-15 | PLUMMER WILLIAM B | acquired | 90,005 | 167 | 536 | - |
Which funds bought or sold WM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-26 | M Holdings Securities, Inc. | sold off | -100 | -354,000 | - | -% |
2023-09-26 | BROOKFIELD Corp /ON/ | reduced | -60.48 | -14,831,700 | 10,742,000 | 0.04% |
2023-09-26 | DecisionPoint Financial, LLC | unchanged | - | 205 | 3,469 | -% |
2023-09-21 | Baystate Wealth Management LLC | added | 5.18 | 13,371 | 126,803 | 0.01% |
2023-09-21 | Jefferies Group LLC | new | - | 3,909,120 | 3,909,120 | 0.03% |
2023-09-20 | Mondrian Investment Partners LTD | sold off | -100 | -261,072 | - | -% |
2023-09-20 | BARCLAYS PLC | reduced | -7.09 | -1,854,000 | 146,144,000 | 0.09% |
2023-09-18 | CAPE ANN SAVINGS BANK | added | 9.54 | 61,227 | 434,070 | 0.29% |
2023-09-14 | IMS Capital Management | added | 0.07 | 47,654 | 797,523 | 0.44% |
2023-09-13 | CGC Financial Services, LLC | new | - | 6,070 | 6,070 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Waste Management
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 10, 2023 | bill & melinda gates foundation trust | 8.6% | 35,234,344 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.13% | 37,490,065 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 7.4% | 30,411,118 | SC 13G/A | |
| Feb 14, 2022 | cascade investment, l.l.c. | 4.0% | 16,600,672 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 8.36% | 34,980,666 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.2% | 29,941,759 | SC 13G/A | |
| Feb 12, 2021 | cascade investment, l.l.c. | 3.9% | 16,600,672 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.26% | 34,896,452 | SC 13G/A | |
| Feb 01, 2021 | blackrock inc. | 7.2% | 30,563,244 | SC 13G/A | |
| Feb 13, 2020 | cascade investment, l.l.c. | 3.4% | 14,583,672 | SC 13G/A |
Recent SEC filings of Waste Management
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 09, 2023 | 8-K | Current Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jul 28, 2023 | 424B5 | Prospectus Filed | |
| Jul 27, 2023 | 424B3 | Prospectus Filed | |
| Jul 27, 2023 | FWP | Prospectus Filed | |
| Jul 26, 2023 | 10-Q | Quarterly Report | |
| Jul 25, 2023 | 8-K | Current Report |
WM Fair Value
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Peers (Alternatives to Waste Management)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
WM | 61.2B | 20.0B | -3.69% | -5.62% | 26.78 | 3.06 | 5.20% | 6.62% |
CTAS | 49.3B | 8.8B | -4.04% | 25.23% | 36.59 | 5.6 | 12.24% | 9.08% |
RSG | 44.7B | 14.4B | -2.58% | 3.76% | 28.39 | 3.1 | 17.64% | 13.54% |
CPRT | 41.8B | 3.9B | -3.02% | 63.98% | 33.74 | 10.79 | 10.53% | 13.54% |
WCN | 34.1B | 7.7B | -4.86% | -1.75% | 40.72 | 4.45 | 14.76% | 22.36% |
| MID-CAP | ||||||||
CLH | 8.9B | 5.3B | -5.50% | 48.96% | 21.8 | 1.66 | 16.32% | 32.00% |
TTEK | 8.1B | 4.2B | -4.66% | 18.00% | 26.63 | 1.94 | 19.21% | 15.04% |
SRCL | 4.0B | 2.7B | -2.05% | 3.44% | 183.99 | 1.48 | 2.42% | 125.49% |
CWST | 4.0B | 1.1B | -5.46% | -1.43% | 99.23 | 3.56 | 11.80% | -14.60% |
| SMALL-CAP | ||||||||
HCCI | 1.1B | 799.0M | 0.58% | 53.30% | 14.13 | 1.34 | 35.72% | 7.63% |
PESI | 137.1M | 80.4M | -19.21% | 125.78% | -142.08 | 1.71 | 17.70% | 74.95% |
AWX | 8.4M | 86.3M | -1.38% | -18.87% | -5.13 | 0.1 | 18.75% | -564.23% |
CHRA | 7.3M | 298.0M | -58.03% | -48.46% | -0.06 | 0.02 | -2.97% | -427.64% |
Waste Management News
Returns for WM
Cumulative Returns on WM
16.2%
10-Year Cumulative Returns
14.9%
7-Year Cumulative Returns
12.4%
5-Year Cumulative Returns
10.7%
3-Year Cumulative Returns
Risks for WM
What is the probability of a big loss on WM?
19.2%
Probability that Waste Management stock will be more than 20% underwater in next one year
0%
Probability that Waste Management stock will be more than 30% underwater in next one year.
0%
Probability that Waste Management stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Waste Management was unfortunately bought at previous high price.
Drawdowns
Financials for Waste Management
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.5% | 20,021 | 19,929 | 19,698 | 19,441 | 19,031 | 18,480 | 17,931 | 17,344 | 16,757 | 16,171 | 15,584 | 14,997 | 15,103 | 15,488 | 15,455 | 15,451 | 15,306 | 15,099 | 14,914 | 14,724 | 14,618 |
| Costs and Expenses | 0.2% | 16,545 | 16,507 | 16,333 | 16,123 | 15,849 | 15,397 | 14,966 | 14,419 | 13,741 | 13,090 | 12,784 | 12,562 | 12,614 | 12,830 | 12,749 | 12,633 | 12,523 | 12,297 | 12,125 | 11,998 | 11,890 |
| S&GA Expenses | -1.0% | 1,903 | 1,923 | 1,938 | 1,943 | 1,939 | 1,897 | 1,864 | 1,432 | 1,379 | 1,311 | 1,278 | 1,663 | 1,633 | 1,647 | 1,631 | 1,556 | 1,515 | 1,489 | 1,453 | 1,452 | 1,463 |
| EBITDA | -100.0% | - | 5,004 | 4,956 | 4,920 | 4,812 | 4,871 | 4,735 | - | - | 4,205 | 4,025 | 3,904 | 3,988 | 4,085 | 4,076 | 4,121 | 4,075 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.25* | 0.25* | 0.25* | 0.25* | 0.26* | 0.26* | - | - | 0.27* | 0.26* | 0.26* | 0.26* | 0.26* | 0.26* | 0.27* | 0.27* | - | - | - | - |
| Earnings Before Taxes | 1.1% | 2,976 | 2,943 | 2,918 | 2,917 | 2,795 | 2,475 | 2,349 | 2,254 | 2,064 | 2,003 | 1,893 | 1,877 | 1,976 | 2,078 | 2,105 | 2,233 | 2,215 | 2,327 | 2,376 | 2,301 | 2,307 |
| EBT Margin | -100.0% | - | 0.15* | 0.15* | 0.15* | 0.15* | 0.13* | 0.13* | 0.13* | 0.12* | 0.13* | 0.12* | 0.13* | 0.13* | 0.13* | 0.14* | - | - | - | - | - | - |
| Net Income | 1.2% | 2,286 | 2,258 | 2,238 | 2,245 | 2,144 | 1,908 | 1,816 | 1,748 | 1,600 | 1,556 | 1,496 | 1,505 | 1,610 | 1,684 | 1,670 | 1,754 | 1,758 | 1,876 | 1,925 | 2,297 | 2,184 |
| Net Income Margin | -100.0% | - | 0.11* | 0.11* | 0.12* | 0.11* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.10* | 0.11* | 0.11* | 0.11* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 4,322 | 4,536 | 4,478 | 4,480 | 2,437 | 2,299 | - | - | 2,173 | 1,818 | 1,857 | 1,780 | 1,934 | 2,059 | 2,093 | 2,015 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.0% | 31,614 | 31,290 | 31,367 | 29,841 | 30,128 | 29,219 | 29,097 | 28,841 | 29,037 | 29,070 | 29,345 | 24,772 | 26,619 | 27,178 | 27,743 | 27,109 | 25,986 | 23,373 | 22,650 | 22,591 | 22,014 |
| Current Assets | 3.2% | 3,480 | 3,371 | 3,551 | 3,264 | 3,987 | 3,059 | 3,069 | 3,184 | 3,226 | 3,327 | 3,540 | 3,357 | 5,106 | 5,635 | 6,209 | 5,560 | 4,836 | 2,488 | 2,645 | 2,675 | 2,471 |
| Cash Equivalents | -44.0% | 144 | 257 | 351 | 137 | 894 | 155 | 194 | 116 | 148 | 476 | 553 | 703 | 2,663 | 3,125 | 3,647 | 2,915 | 2,250 | 57.00 | 183 | 83.00 | 47.00 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,917 | 12,900 | 12,893 | 12,805 | 12,665 | 12,390 | 11,942 | 11,815 | 11,625 |
| Goodwill | 0.6% | 9,399 | 9,344 | 9,323 | 9,092 | 9,022 | 9,034 | 9,028 | 9,006 | 8,992 | 8,980 | 8,994 | 6,504 | 6,512 | 6,498 | 6,532 | 6,550 | 6,512 | 6,479 | 6,430 | 6,390 | 6,346 |
| Liabilities | 0.8% | 24,686 | 24,482 | 24,503 | 22,829 | 22,936 | 22,073 | 21,971 | 21,667 | 21,683 | 21,641 | 21,891 | 17,615 | 19,726 | 20,433 | 20,673 | 20,322 | 19,519 | 16,956 | 16,374 | 16,350 | 15,958 |
| Current Liabilities | 10.2% | 4,251 | 3,856 | 4,394 | 3,834 | 3,722 | 3,806 | 4,082 | 4,102 | 3,683 | 3,285 | 3,553 | 2,806 | 5,772 | 3,070 | 3,144 | 2,989 | 2,846 | 3,612 | 3,108 | 3,070 | 3,305 |
| Long Term Debt | -1.2% | 14,855 | 15,034 | 14,570 | 13,805 | 14,046 | 13,052 | 12,697 | 12,446 | 12,883 | 13,244 | 13,259 | 10,255 | 9,598 | 13,065 | 13,280 | 13,147 | 12,623 | 9,323 | 9,594 | 9,569 | 8,968 |
| Shareholder's Equity | 1.5% | 6,909 | 6,808 | 6,849 | 7,010 | 7,192 | 7,146 | 7,126 | 7,174 | 7,354 | 7,429 | 7,454 | 7,157 | 6,893 | 6,745 | 7,070 | 6,787 | 6,467 | 6,417 | 6,276 | 6,241 | 6,056 |
| Retained Earnings | 2.5% | 13,744 | 13,414 | 13,167 | 12,933 | 12,563 | 12,247 | 12,004 | 11,740 | 11,444 | 11,337 | 11,159 | 10,952 | 10,795 | 10,718 | 10,592 | 10,364 | 10,088 | 9,924 | 9,797 | 9,464 | 9,166 |
| Additional Paid-In Capital | 1.8% | 5,341 | 5,244 | 5,314 | 5,299 | 5,257 | 5,178 | 5,169 | 5,111 | 5,104 | 5,071 | 5,129 | 5,104 | 5,040 | 5,026 | 5,049 | 5,026 | 4,962 | 4,978 | 4,993 | 4,927 | 4,935 |
| Accumulated Depreciation | 1.7% | 22,400 | 22,027 | 21,627 | 21,438 | 21,127 | 20,918 | 20,537 | 20,351 | 19,995 | 19,647 | 19,337 | 19,266 | 19,031 | 18,763 | 18,657 | 18,499 | 18,619 | 18,355 | 18,264 | 18,174 | 18,050 |
| Shares Outstanding | -0.5% | 405 | 407 | 408 | 411 | 413 | 415 | 416 | 418 | - | - | 423 | - | - | - | - | - | - | - | - | - | - |
| Minority Interest | 35.7% | 19.00 | 14.00 | 15.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 2.00 | 1.00 | 2.00 | 2.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -0.3% | 4,305 | 4,318 | 4,536 | 4,478 | 4,480 | 4,476 | 4,338 | 4,100 | 3,945 | 3,758 | 3,403 | 3,672 | 3,595 | 3,749 | 3,874 | 3,764 | 3,686 | 3,651 | 3,570 | 3,450 | 3,429 |
| Share Based Compensation | -5.9% | 80.00 | 85.00 | 84.00 | 98.00 | 114 | 110 | 108 | 101 | 116 | 104 | 94.00 | 98.00 | 66.00 | 72.00 | 86.00 | 88.00 | 91.00 | 93.00 | 89.00 | 90.00 | 88.00 |
| Cashflow From Investing | -1.0% | -3,302 | -3,269 | -3,063 | -2,824 | -2,286 | -2,132 | -1,894 | -4,712 | -4,637 | -4,678 | -4,847 | -1,521 | -1,729 | -2,079 | -2,376 | -2,759 | -2,724 | -2,332 | -2,169 | -2,076 | -1,957 |
| Cashflow From Financing | -92.0% | -1,728 | -900 | -1,216 | -1,605 | -1,497 | -2,705 | -2,900 | -1.00 | -1,794 | -1,721 | -1,559 | -4,360 | -1,433 | 1,254 | 1,964 | 1,587 | 961 | -1,428 | -1,508 | -1,045 | -1,149 |
| Dividend Payments | 1.3% | 1,105 | 1,091 | 1,077 | 1,051 | 1,025 | 998 | 970 | 961 | 950 | 938 | 927 | 914 | 902 | 889 | 876 | 855 | 836 | 819 | 802 | 789 | 775 |
| Buy Backs | 0% | 1,600 | 1,600 | 1,500 | 1,411 | 1,370 | 1,350 | 1,350 | 1,000 | 500 | 250 | 402 | 402 | 402 | 582 | 248 | 502 | 702 | 822 | 1,004 | 750 | 1,050 |
WM Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| Operating revenues | $ 5,119 | $ 5,027 | $ 10,011 | $ 9,688 |
| Costs and expenses: | ||||
| Operating | 3,186 | 3,142 | 6,272 | 6,045 |
| Selling, general and administrative | 467 | 487 | 943 | 978 |
| Depreciation, depletion and amortization | 521 | 508 | 1,026 | 990 |
| Restructuring | 1 | 4 | ||
| (Gain) loss from divestitures, asset impairments and unusual items, net | (3) | 17 | ||
| Total costs and expenses | 4,175 | 4,137 | 8,242 | 8,030 |
| Income from operations | 944 | 890 | 1,769 | 1,658 |
| Other income (expense): | ||||
| Interest expense, net | (125) | (93) | (245) | (178) |
| Equity in net losses of unconsolidated entities | (12) | (17) | (23) | (32) |
| Other, net | 2 | (4) | 4 | (1) |
| Total other income (expense) | (135) | (114) | (264) | (211) |
| Income before income taxes | 809 | 776 | 1,505 | 1,447 |
| Income tax expense | 196 | 189 | 360 | 346 |
| Consolidated net income | 613 | 587 | 1,145 | 1,101 |
| Less: Net income (loss) attributable to noncontrolling interests | (2) | (3) | 1 | |
| Net income attributable to Waste Management, Inc. . | $ 615 | $ 587 | $ 1,148 | $ 1,100 |
| Basic earnings per common share | $ 1.52 | $ 1.42 | $ 2.82 | $ 2.65 |
| Diluted earnings per common share | $ 1.51 | $ 1.41 | $ 2.81 | $ 2.64 |
WM Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 144 | $ 351 |
| Accounts receivable, net of allowance for doubtful accounts of $25 and $26, respectively | 2,576 | 2,461 |
| Other receivables, net of allowance for doubtful accounts of $5 and $7, respectively | 270 | 291 |
| Parts and supplies | 170 | 164 |
| Other assets | 320 | 284 |
| Total current assets | 3,480 | 3,551 |
| Property and equipment, net of accumulated depreciation and depletion of $22,400 and $21,627, respectively | 15,917 | 15,719 |
| Goodwill | 9,399 | 9,323 |
| Other intangible assets, net | 809 | 827 |
| Restricted funds | 459 | 348 |
| Investments in unconsolidated entities | 564 | 578 |
| Other assets | 986 | 1,021 |
| Total assets | 31,614 | 31,367 |
| Current liabilities: | ||
| Accounts payable | 1,626 | 1,766 |
| Accrued liabilities | 1,544 | 1,625 |
| Deferred revenues | 568 | 589 |
| Current portion of long-term debt | 513 | 414 |
| Total current liabilities | 4,251 | 4,394 |
| Long-term debt, less current portion | 14,855 | 14,570 |
| Deferred income taxes | 1,778 | 1,733 |
| Landfill and environmental remediation liabilities | 2,734 | 2,700 |
| Other liabilities | 1,068 | 1,106 |
| Total liabilities | 24,686 | 24,503 |
| Commitments and contingencies (Note 6) | ||
| Waste Management, Inc. stockholders' equity: | ||
| Common stock, $0.01 par value; 1,500,000,000 shares authorized; 630,282,461 shares issued | 6 | 6 |
| Additional paid-in capital | 5,341 | 5,314 |
| Retained earnings | 13,744 | 13,167 |
| Accumulated other comprehensive (loss) income | (32) | (69) |
| Treasury stock at cost, 225,407,474 and 222,396,166 shares, respectively | (12,150) | (11,569) |
| Total Waste Management, Inc. stockholders' equity | 6,909 | 6,849 |
| Noncontrolling interests | 19 | 15 |
| Total equity | 6,928 | 6,864 |
| Total liabilities and equity | $ 31,614 | $ 31,367 |
Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2021, the company owned or operated 255 solid waste landfills; 5 secure hazardous waste landfills; 96 MRFs; and 340 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.