North American integrated waste operator
Waste Management, Inc.
Waste Management provides collection, transfer, landfill, recycling and renewable energy services across North America. It earns service revenue from municipalities and large enterprises, spends on fleet engines and landfill equipment, and expanded into medical waste through acquisition.
WM Updated Sep 11, 2026 3 AI consumers· 2 recurring
Per the valuechain.wiki graph, Waste Management, Inc. is directly linked to 3 companies (2 supply, 1 revenue relationships) and reaches 6 companies within two hops; the links are backed by 7 dated sources, 2 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 total revenue of $25.204 billion (SEC 10-K XBRL)
- Segments · Collection and Disposal - East Tier · Collection and Disposal - West Tier · Recycling Processing and Sales · Renewable Energy · Healthcare Solutions
Revenue from
- City of Seattle High confidence
The City of Seattle selected Waste Management of Washington for solid-waste collection and transfer services. The contract covers residential and commercial service in northwest and south Seattle, but WM's account revenue was not disclosed. - Walmart Inc Medium confidence
WM Sustainability Services provides long-term advisory and implementation support at Walmart facilities. The featured manager had supported the Walmart account for 11 years as of 2021, but account revenue was not disclosed.
Pays to
- Caterpillar Medium confidence· Count 1 pilot_bulldozer · late 2025 pilot · Bulldozers operated with Cat Command at the Marana Landfill pilot
WM operates a bulldozer equipped with Caterpillar's Cat Command remote-control technology at its Marana Landfill in Arizona. After field evaluation began in late 2025, the companies expanded into autonomous-equipment testing; commercial terms were not disclosed.Confirms EN WM Media Room Published Aug 7, 2026: Driving the Landfill of the Future: Inside WM's Pilot of Cat Command Remote-Controlled Technology - Cummins Medium confidence
WM uses Cummins X15N, L9N and ISX12N engines in its natural-gas fleet. Cummins reported positive operating results after WM added these engines, but the purchase value was not disclosed.Confirms EN Cummins Inc. Published Oct 24, 2025: Natural gas lineup gives fleets more options to cut costs
Investments
- Stericycle, Inc. High confidence· Amount $7.2B · acquisition completed 2024-11-04 · Stericycle total enterprise value including cash consideration, assumed debt and repayment of net debt
WM completed its Stericycle acquisition in November 2024 and placed regulated medical waste and secure information destruction in its Healthcare Solutions segment. The SEC filing reports $7.2 billion of enterprise value, while Korean coverage and sector M&A analysis corroborate the completed transaction and strategic expansion.Confirms KO Investing.com Korea Published Nov 5, 2024: Stericycle Becomes a Waste Management Subsidiary in a $7.2 Billion Transaction
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | lead2 | +45.2 | +6.9 | +0.8 | -2.4 | -33.1 | +21.9 |
| Walmart Inc | lead1 | +2 | -0.5 | +12.9 | +74 | +24.5 | -3.2 |
| Waste Management, Inc. | node | +43.8 | -4.5 | +16.2 | +14.3 | +10.5 | +0.5 |
| Caterpillar | benef1 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| Cummins | benef1 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| Nucor Corporation | benef2 | +118.4 | +17.4 | +33.8 | -32 | +42 | +61 |
| United Rentals | benef2 | +43.3 | +7 | +63.6 | +24 | +15.9 | +25.5 |
YTD as of 2026-09-04 · source: Yahoo Finance
Waste Management, Inc. operates across North American integrated waste operator. It stayed steadily positive in recent years and is +0.5% in 2026. The supply side (avg +27%) has moved harder than the stock (+0.5%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Caterpillar (+42.9%) and the furthest behind is Walmart Inc (-3.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It earns service revenue from municipalities and large enterprises, spends on fleet engines and landfill equipment, and expanded into medical waste through acquisition.
Analysis generated from returns as of 2026-09-04