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Waste Management posts strong cash flow and margin gains despite slower revenue growth

Analyst Insights
29 Apr 2026
Seeking Alpha
View Source
Bullish
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Waste Management remains a top defensive stock with a buy rating due to strong cash flow and disciplined expense control. Although Q1 revenue growth slowed to 3.5% year-over-year and missed estimates, the company delivered margin expansion and an earnings per share beat, highlighting solid profitability. Operating cash flow rose 24.3% and free cash flow surged 93.7%, enabling a 14.5% dividend increase and $344 million in share buybacks. Despite near-term revenue growth deceleration, the company’s attractive cash flow valuation and capacity expansions support long-term growth prospects.

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