COMP <GO>
WM vs GFL // EV/EBITDA & P/E VALUATION
Waste Management Inc. (NYSE) VS. GFL Environmental Inc. Subordinate voting shares no par value (NYSE) • 15-METRIC TALLY: WM 8
— GFL 5
▲ EV/EBITDA & P/E VALUATION LEADER: WM
LAST: $233.45 (+1.10%) • MKT CAP: $91.81B
valuation
20.2x
LAST: $45.21 (+0.38%) • MKT CAP: $19.64B
valuation
21.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WM VS. GFL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WM | GFL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 40.40% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 13.70% | 9.90% | +3.80 | WM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 20.2x | 21.0x | -0.80 | WM | /valuation <GO> |
| Free Cash Flow Yield | 5.35% | 2.21% | +3.14 | WM | /fcf-yield <GO> |
| Operating Margin | 17.10% | 13.90% | +3.20 | WM | /operating-margins <GO> |
| Net Profit Margin | 10.70% | 10.90% | -0.20 | GFL | /net-margins <GO> |
| Revenue Growth (YoY) | 14.20% | 2.20% | +12.00 | WM | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 1.45% | 3.40% | -1.95 | GFL | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.91 | 3.74 | -0.83 | GFL | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 7/9 | -1.00 | GFL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 57.5 | 57.9 | -0.40 | GFL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.70 | 0.59 | +0.11 | WM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 28.5x | 30.5x | -2.00 | WM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $91.81B | $19.64B | $72.18B | WM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WM REV | GFL REV | WM GROSS % | GFL GROSS % | WM FCF | GFL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $25.20B | — | 40.4% | — | $4.91B | — |
| FY 2024 | $22.06B | — | 39.3% | — | $4.40B | — |
| FY 2023 | $20.43B | — | — | — | $3.80B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WM // BETA 0.70
GFL // BETA 0.59