Veralto vs Waste Management
Waste Management reported revenue of $25.2 billion in fiscal 2025, 4.6 times Veralto's $5.5 billion in fiscal 2025. Veralto's revenue grew 6.0% in its latest year, and Waste Management's grew 14.2%. Veralto had an operating margin of 23.2%, against 17.1% at Waste Management. Free cash flow was $1.0 billion at Veralto and $2.8 billion at Waste Management.
Side by side
| Veralto | Waste Management | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $5.5B | $25.2B |
| Revenue growth | 6.0% | 14.2% |
| Revenue growth a year, last 5 years | — | 10.6% |
| Gross margin | 60.0% | 40.4% |
| Operating margin | 23.2% | 17.1% |
| Net margin | 17.1% | 10.7% |
| Free cash flow | $1.0B | $2.8B |
| Free cash flow margin | 18.4% | 11.2% |
| Return on capital | 28.1% | 10.9% |
| Net debt to EBITDA | 0.5x | 3.1x |
| Dividends and buybacks | $109M | $1.3B |
| Change in diluted share count | 0.3% | 0.2% |
| Last close | $103.35 | $241.02 |
| P/E at the last close | 26.6× | 34.1× |
| Insider trades, last 12 months | sold $3.8 million | bought $392,840, sold $24.2 million |
| Piotroski F-score | 6 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
VeraltoWaste Management
Operating margin
Percent of revenue
VeraltoWaste Management
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
VeraltoWaste Management
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Veralto and Waste Management pages.