Waste Management Inc. (NYSE:WM)

The annual revenue data exhibit several notable trends and patterns across different segments and business lines over the five-year period.

Commercial Segment

The commercial revenue consistently increased from 2017 to 2021, starting at $3,714 million and rising to $4,760 million. This shows a steady growth trajectory with a slight dip in 2020, likely related to external factors impacting that year, followed by a strong recovery in 2021.

Residential Segment

The residential segment displayed modest growth from 2017 ($2,528 million) to 2019 ($2,613 million), then accelerated from 2020 to 2021, reaching $3,172 million. This indicates increasing demand or expansion in this area, with a more pronounced growth rate in the latter years.

Industrial Segment

Industrial revenues showed a growth pattern similar to commercial, increasing overall from $2,583 million in 2017 to $3,210 million in 2021. A slight decline occurred in 2020, consistent with the trend seen in other segments, followed by recovery in 2021.

Other Collection

This category experienced steady increases, albeit at a slower pace, growing from $439 million to $533 million over five years. The growth was interrupted slightly in 2020 but resumed thereafter.

Collection Category

The collection segment as a whole rose from $9,264 million in 2017 to $11,675 million in 2021. Despite a minor dip in 2020, the overall trend is an upward trajectory, reflecting growth across the various collection-related segments.

Landfill Segment

Landfill revenues increased steadily from $3,370 million in 2017 to $4,153 million in 2021, except for a decline in 2020. The general growth pattern suggests increased utilization or pricing in landfill services.

Transfer Segment

The transfer segment showed consistent growth throughout the period, rising from $1,591 million in 2017 to $2,072 million in 2021, with no interruption during 2020. This steady rise indicates a robust performance in this area.

Recycling Segment

Recycling revenues decreased significantly from 2017 ($1,432 million) to 2019 ($1,040 million), but then experienced a recovery in 2020 and marked growth in 2021 ($1,681 million). This pattern suggests volatility in the recycling market or company operations, with recent improvements.

Other Segment

The ‘Other’ category demonstrated slow but steady growth from $1,713 million in 2017 to $2,112 million in 2021, with consistent increases over the years.

Intercompany Adjustments

Intercompany eliminations or adjustments were consistently negative, increasing in absolute value from -$2,885 million in 2017 to -$3,762 million in 2021. This implies growing internal transactions or transfers within the company that are excluded from consolidated revenues.

Operating Revenues from Major Lines of Business

The overall operating revenues from major lines of business increased from $14,485 million in 2017 to $17,931 million in 2021. This growth was steady except for a slight decrease in 2020. The rebound in 2021 was particularly strong, indicating recovery and expansion after 2020 challenges.

In summary, the data reveal steady growth across most segments except recycling, which showed volatility but ended with strong growth in 2021. The year 2020 was marked by minor declines or stagnation across multiple categories, followed by recovery in 2021. Increasing intercompany adjustments point to growing internal transactions. Overall, the trends suggest resilience and expansion in the company’s core business lines over the observed period.