Waste Management stock gains 4.02% as healthcare margins improve

Published on 11/05/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Waste Management stock extended its advance as healthcare profitability improved. Management kept its 2026 outlook despite fuel costs and softer volumes.

Healthcare integration reaches targets

Waste Management kept its 2026 outlook after stronger Healthcare Solutions profitability.
John Morris is set to succeed Jim Fish as CEO in early January.
Fuel costs, risk-management expenses and softer waste volumes remain key operating risks.

Waste Management, US94106L1098, Illustration mit AI erstellt.

Waste Management stock traded at EUR 218.60 on Lang & Schwarz at 4:10 p.m. CET on Thursday, November 5, 2026, 2.73 percent above the Xetra close of Wednesday, November 4; that is 4.02 percent above the EUR 210.15 level cited in the October 30 report.

The move follows continued investor focus on Waste Management's healthcare integration and its ability to protect margins while core waste volumes remain soft. In a report published October 29, MarketBeat said management expected full-year revenue and free cash flow to finish at the high end of its guidance ranges.

Healthcare adds operating momentum

Healthcare Solutions revenue increased 3.7 percent in the third quarter, while operating EBITDA rose 33 percent, according to the report. The segment reached its year-end targets ahead of schedule, with core price at 5.5 percent and selling, general and administrative expenses at 15.2 percent of revenue.

Management attributed the improvement to pricing, integration synergies, streamlined support functions and greater automation. Healthcare volumes remained under pressure, but trends in medical waste and secure information destruction were improving. The company expects to reach its previously stated healthcare synergy target around the middle of 2027.

Leadership change enters focus

Chief Executive Officer Jim Fish plans to retire in early January after 10 years in the role, with President John Morris designated as his successor. The transition adds an execution test to the margin story as management works to extend pricing discipline and cost controls across the combined business.

Fuel and risk-management expenses remain important offsets. The report cited a year-over-year increase of USD 63 million in risk-management costs, while collection and disposal volumes were modestly negative. Management also expects fourth-quarter margins to improve sequentially, although fuel costs could weigh on the year-over-year comparison.

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