Commercial Services & Supplies
In 2026-Q2, WM generated $6,684M in revenue (up 4.0% YoY) and $785M in net income ($1.95 diluted EPS), propelled by Collection and Disposal pricing yield and Stericycle synergy realization despite recycled commodity price declines.
Key risk: Commodity Price Volatility in Recycling and Renewable Energy
Fluctuations in market prices for single-stream recycled commodities and renewable natural gas (RNG) create margin volatility and earnings pressure in the Recycling Processing and Sales and Renewable Energy segments.
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