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Waste Management（WM）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Waste Management的季度营收约是Williams Companies的2.1倍（$6.2B vs $3.0B），Williams Companies净利率更高（28.5% vs 11.6%，领先16.9%），Waste Management同比增速更快（3.5% vs -0.6%），过去两年Waste Management的营收复合增速更高（7.4% vs 3.2%）
Waste Management是专业的废弃物管理服务提供商，业务覆盖废弃物从产生到最终处置的全流程，包含垃圾收集、运输、处理、处置等核心环节，同时涉及废弃物管理流程监督、相关法规合规、技术应用及商业机制优化等相关业务。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
WM vs WMB — 直观对比
营收规模更大
WM
是对方的2.1倍
$3.0B
营收增速更快
WM
高出4.1%
-0.6%
净利率更高
WMB
高出16.9%
11.6%
两年增速更快
WM
近两年复合增速
3.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.2B | $3.0B |
| 净利润 | $723.0M | $864.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.9% | 43.6% |
| 净利率 | 11.6% | 28.5% |
| 营收同比 | 3.5% | -0.6% |
| 净利润同比 | — | 25.1% |
| 每股收益（稀释后） | $1.79 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收WMWMB
| Q1 26 | $6.2B | $3.0B | ||
| Q4 25 | $6.3B | $3.8B | ||
| Q3 25 | $6.4B | $3.5B | ||
| Q2 25 | $6.4B | $3.4B | ||
| Q1 25 | $6.0B | $4.2B | ||
| Q4 24 | $5.9B | $3.4B | ||
| Q3 24 | $5.6B | $3.0B | ||
| Q2 24 | $5.4B | $2.8B |
净利润WMWMB
| Q1 26 | $723.0M | $864.0M | ||
| Q4 25 | $742.0M | $734.0M | ||
| Q3 25 | $603.0M | $647.0M | ||
| Q2 25 | $726.0M | $546.0M | ||
| Q1 25 | $637.0M | $691.0M | ||
| Q4 24 | $598.0M | $486.0M | ||
| Q3 24 | $760.0M | $706.0M | ||
| Q2 24 | $680.0M | $401.0M |
毛利率WMWMB
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 40.3% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 39.7% | — | ||
| Q3 24 | 39.4% | — | ||
| Q2 24 | 39.1% | — |
营业利润率WMWMB
| Q1 26 | 17.9% | 43.6% | ||
| Q4 25 | 18.3% | 27.3% | ||
| Q3 25 | 15.3% | 31.8% | ||
| Q2 25 | 17.9% | 28.0% | ||
| Q1 25 | 16.8% | 26.1% | ||
| Q4 24 | 15.6% | 23.2% | ||
| Q3 24 | 20.0% | 27.6% | ||
| Q2 24 | 18.7% | 24.4% |
净利率WMWMB
| Q1 26 | 11.6% | 28.5% | ||
| Q4 25 | 11.8% | 19.1% | ||
| Q3 25 | 9.4% | 18.5% | ||
| Q2 25 | 11.3% | 16.2% | ||
| Q1 25 | 10.6% | 16.5% | ||
| Q4 24 | 10.1% | 14.2% | ||
| Q3 24 | 13.5% | 23.3% | ||
| Q2 24 | 12.6% | 14.1% |
每股收益（稀释后）WMWMB
| Q1 26 | $1.79 | — | ||
| Q4 25 | $1.83 | $0.60 | ||
| Q3 25 | $1.49 | $0.53 | ||
| Q2 25 | $1.80 | $0.45 | ||
| Q1 25 | $1.58 | $0.56 | ||
| Q4 24 | $1.49 | $0.39 | ||
| Q3 24 | $1.88 | $0.58 | ||
| Q2 24 | $1.69 | $0.33 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $158.0M | $950.0K |
| 总债务越低越好 | $22.9B | $30.1M |
| 股东权益账面价值 | $10.0B | $13.0M |
| 总资产 | $45.7B | $59.6M |
| 负债/权益比越低杠杆越低 | 2.28× | 2.31× |
8季度趋势，按日历期对齐
现金及短期投资WMWMB
| Q1 26 | $158.0M | $950.0K | ||
| Q4 25 | $201.0M | — | ||
| Q3 25 | $175.0M | — | ||
| Q2 25 | $440.0M | — | ||
| Q1 25 | $216.0M | — | ||
| Q4 24 | $414.0M | — | ||
| Q3 24 | $614.0M | — | ||
| Q2 24 | $172.0M | — |
总债务WMWMB
| Q1 26 | $22.9B | $30.1M | ||
| Q4 25 | $22.2B | $27.3B | ||
| Q3 25 | $22.5B | $25.6B | ||
| Q2 25 | $23.1B | $25.6B | ||
| Q1 25 | $22.9B | $24.1B | ||
| Q4 24 | $22.5B | $24.7B | ||
| Q3 24 | $16.0B | $24.8B | ||
| Q2 24 | $16.5B | $24.1B |
股东权益WMWMB
| Q1 26 | $10.0B | $13.0M | ||
| Q4 25 | $10.0B | $12.8B | ||
| Q3 25 | $9.5B | $12.5B | ||
| Q2 25 | $9.2B | $12.4B | ||
| Q1 25 | $8.7B | $12.5B | ||
| Q4 24 | $8.3B | $12.4B | ||
| Q3 24 | $8.0B | $12.4B | ||
| Q2 24 | $7.5B | $12.3B |
总资产WMWMB
| Q1 26 | $45.7B | $59.6M | ||
| Q4 25 | $45.8B | $58.6B | ||
| Q3 25 | $45.6B | $55.7B | ||
| Q2 25 | $45.7B | $56.1B | ||
| Q1 25 | $44.5B | $54.9B | ||
| Q4 24 | $44.6B | $54.5B | ||
| Q3 24 | $34.7B | $53.8B | ||
| Q2 24 | $34.0B | $52.4B |
负债/权益比WMWMB
| Q1 26 | 2.28× | 2.31× | ||
| Q4 25 | 2.22× | 2.13× | ||
| Q3 25 | 2.36× | 2.04× | ||
| Q2 25 | 2.51× | 2.06× | ||
| Q1 25 | 2.65× | 1.93× | ||
| Q4 24 | 2.73× | 1.99× | ||
| Q3 24 | 2.00× | 2.00× | ||
| Q2 24 | 2.21× | 1.96× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.5B | $6.3B |
| 自由现金流经营现金流 - 资本支出 | $981.0M | — |
| 自由现金流率自由现金流/营收 | 15.8% | — |
| 资本支出强度资本支出/营收 | — | 44.9% |
| 现金转化率经营现金流/净利润 | 2.08× | 7.31× |
| 过去12个月自由现金流最近4个季度 | $3.4B | — |
8季度趋势，按日历期对齐
经营现金流WMWMB
| Q1 26 | $1.5B | $6.3B | ||
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.2B | $1.3B |
自由现金流WMWMB
| Q1 26 | $981.0M | — | ||
| Q4 25 | $810.0M | $-379.0M | ||
| Q3 25 | $816.0M | $485.0M | ||
| Q2 25 | $813.0M | $478.0M | ||
| Q1 25 | $377.0M | $421.0M | ||
| Q4 24 | $396.0M | $450.0M | ||
| Q3 24 | $577.0M | $561.0M | ||
| Q2 24 | $487.0M | $700.0M |
自由现金流率WMWMB
| Q1 26 | 15.8% | — | ||
| Q4 25 | 12.8% | -9.9% | ||
| Q3 25 | 12.7% | 13.9% | ||
| Q2 25 | 12.6% | 14.2% | ||
| Q1 25 | 6.3% | 10.1% | ||
| Q4 24 | 6.7% | 13.2% | ||
| Q3 24 | 10.3% | 18.5% | ||
| Q2 24 | 9.0% | 24.6% |
资本支出强度WMWMB
| Q1 26 | — | 44.9% | ||
| Q4 25 | 14.1% | 50.9% | ||
| Q3 25 | 12.0% | 27.3% | ||
| Q2 25 | 11.4% | 28.8% | ||
| Q1 25 | 13.8% | 24.2% | ||
| Q4 24 | 18.9% | 22.5% | ||
| Q3 24 | 13.9% | 22.5% | ||
| Q2 24 | 12.3% | 20.3% |
现金转化率WMWMB
| Q1 26 | 2.08× | 7.31× | ||
| Q4 25 | 2.29× | 2.15× | ||
| Q3 25 | 2.64× | 2.22× | ||
| Q2 25 | 2.13× | 2.66× | ||
| Q1 25 | 1.90× | 2.07× | ||
| Q4 24 | 2.53× | 2.51× | ||
| Q3 24 | 1.79× | 1.76× | ||
| Q2 24 | 1.70× | 3.19× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
WM
暂无分部数据
WMB
| Service revenues | $2.2B | 73% |
| Other | $778.0M | 26% |
| Service revenues - commodity consideration | $46.0M | 2% |
