Waste Management Inc
$109.99B- Market cap
- $87.29B
- Debt
- +$22.91B
- Cash
- −$201.00M
Capital structure 79% equity / 21% debt · EV / Revenue 4.36x · EV / EBITDA 23.04x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: WM stock price at premium vs TRNO $218.37 current versus $113.51 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at TRNO's multiple
Implied fair value · at WM's multiple
Snapshot Sep 8, 2026, 2:49 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: WM FY 2025 (ended Dec 31, 2025) · TRNO FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 79% equity / 21% debt · EV / Revenue 4.36x · EV / EBITDA 23.04x
Capital structure 88% equity / 12% debt · EV / Revenue 17.08x · EV / EBITDA 18.90x
WM carries the larger enterprise value at $109.99B against $8.14B; WM trades on the lower EV / Revenue multiple (4.36x vs 17.08x); TRNO on the lower EV / EBITDA (18.90x vs 23.04x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
WASTE MANAGEMENT INC · implied price per share
Bear
$28.10
Base
$44.57
Bull
$66.79
Terreno Realty Corporation · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
2.29x
0.23x
Net debt / EBITDA
Leverage against operating earnings
4.76x
2.13x
Cash and equivalents
Liquid reserves on the balance sheet
$201.00M
$25.02M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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STAG Industrial, Inc.
WM vs STAG
$22.91B
$943.34M
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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