ULS vs. WM: UL vs. Waste Management Stock Comparison
How do UL (ULS) and Waste Management (WM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
UL (ULS) and Waste Management (WM) both fall under the Commercial & Professional Services industry group, but ULS is classified in Professional Services while WM is classified in Commercial Services & Supplies.
Waste Management (WM) carries decades of public-market history since June 22, 1988, while UL (ULS) listed on April 12, 2024 — long-window comparisons have far more historical data on the WM side.
| Profile Item | ULS | WM |
|---|---|---|
| Name | UL Solutions Inc. Class A Common Stock | Waste Management Inc. |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Commercial & Professional Services | Commercial & Professional Services |
| GICS Industry | Professional Services | Commercial Services & Supplies |
| GICS Sub-Industry | Research & Consulting Services | Environmental & Facilities Services |
| Market Capitalization | 15.88 billion USD | 93.95 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | April 12, 2024 | June 22, 1988 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ULS | WM |
|---|---|---|
| Total Return (1Y) | -3.81% | 19.43% |
| Total Return (3Y, Annualized) | -- | 13.45% |
| Total Return (5Y, Annualized) | -- | 9.97% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | ULS | WM |
|---|---|---|
| Volatility (1Y, Annualized) | 42.88% | 21.31% |
| Beta (5Y) | 0.52 | 0.37 |
| Max Drawdown (5Y) | -38.75% | -18.14% |
| Avg. Volume (3M) | 879.46K | 2.24M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ULS | WM |
|---|---|---|
| Sharpe Ratio (1Y) | -0.19 | 0.71 |
| Sortino Ratio (1Y) | -0.28 | 1.07 |
Profitability
ROE (TTM)
Both UL (ULS) at 36.51% and Waste Management (WM) at 31.68% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
ULS
Commercial & Professional Services industry group
36.51%
- Max
- 47.06%
- ULS
- 36.51%
- Q3
- 25.43%
- Median
- 14.11%
- Q1
- 3.92%
- Min
- -20.15%
WM
Commercial & Professional Services industry group
31.68%
- Max
- 47.06%
- WM
- 31.68%
- Q3
- 25.43%
- Median
- 14.11%
- Q1
- 3.92%
- Min
- -20.15%
Net Margin (TTM)
For every dollar of sales, both UL (ULS) at 16.13% and Waste Management (WM) at 11.78% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
ULS
Commercial & Professional Services industry group
16.13%
- Max
- 23.28%
- ULS
- 16.13%
- Q3
- 11.35%
- Median
- 5.65%
- Q1
- 0.87%
- Min
- -8.60%
WM
Commercial & Professional Services industry group
11.78%
- Max
- 23.28%
- WM
- 11.78%
- Q3
- 11.35%
- Median
- 5.65%
- Q1
- 0.87%
- Min
- -8.60%
Operating Margin (TTM)
Both UL (ULS) at 19.81% and Waste Management (WM) at 19.08% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
ULS
Commercial & Professional Services industry group
19.81%
- Max
- 38.50%
- ULS
- 19.81%
- Q3
- 18.84%
- Median
- 10.40%
- Q1
- 5.59%
- Min
- -12.00%
WM
Commercial & Professional Services industry group
19.08%
- Max
- 38.50%
- WM
- 19.08%
- Q3
- 18.84%
- Median
- 10.40%
- Q1
- 5.59%
- Min
- -12.00%
Profitability Metrics
| Metric | ULS | WM |
|---|---|---|
| ROE (TTM) | 36.51% | 31.68% |
| ROA (TTM) | 11.46% | 6.69% |
| Net Margin (TTM) | 16.13% | 11.78% |
| Operating Margin (TTM) | 19.81% | 19.08% |
| Gross Margin (TTM) | 50.69% | 40.39% |
Growth
Revenue Growth
Waste Management (WM) at 14.24% sits in the top revenue growth quartile, while UL (ULS) at 6.38% is closer to the peer norm — faster top-line expansion for WM.
EPS Growth
Both UL (ULS) at -1.23% and Waste Management (WM) at -1.62% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | ULS | WM |
|---|---|---|
| Revenue Growth (YoY) | 6.38% | 14.24% |
| Revenue Growth (3Y CAGR) | 6.60% | 8.56% |
| EPS Growth (YoY) | -1.23% | -1.62% |
| EPS Growth (3Y CAGR) | 2.98% | 7.52% |
Financial Strength
Current Ratio (MRQ)
UL (ULS) at 2.09 keeps current ratio within its industry’s typical mid-range, while Waste Management (WM) at 0.82 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WM.
ULS
Commercial & Professional Services industry group
2.09
- Max
- 3.63
- Q3
- 2.14
- ULS
- 2.09
- Median
- 1.55
- Q1
- 1.09
- Min
- 0.45
WM
Commercial & Professional Services industry group
0.82
- Max
- 3.63
- Q3
- 2.14
- Median
- 1.55
- Q1
- 1.09
- WM
- 0.82
- Min
- 0.45
Debt / Equity (MRQ)
UL (ULS) at 0.54 carries an industry-typical debt-to-equity mix, while Waste Management (WM) at 2.37 uses more debt funding than most peers.
ULS
Commercial & Professional Services industry group
0.54
- Max
- 2.37
- Q3
- 1.25
- Median
- 0.88
- ULS
- 0.54
- Q1
- 0.35
- Min
- 0.00
WM
Commercial & Professional Services industry group
2.37
- WM
- 2.37
- Max
- 2.37
- Q3
- 1.25
- Median
- 0.88
- Q1
- 0.35
- Min
- 0.00
Financial Strength Metrics
| Metric | ULS | WM |
|---|---|---|
| Current Ratio (MRQ) | 2.09 | 0.82 |
| Debt / Equity (MRQ) | 0.54 | 2.37 |
| Net Debt / EBITDA | -0.11 | 2.94 |
Dividends
Dividend Yield (TTM)
Both UL (ULS) at 0.74% and Waste Management (WM) at 1.52% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
ULS
Commercial & Professional Services industry group
0.74%
- Max
- 4.33%
- Q3
- 1.80%
- ULS
- 0.74%
- Median
- 0.60%
- Q1
- 0.00%
- Min
- 0.00%
WM
Commercial & Professional Services industry group
1.52%
- Max
- 4.33%
- Q3
- 1.80%
- WM
- 1.52%
- Median
- 0.60%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
UL (ULS) at 22.42% pays out a band-typical share of earnings, while Waste Management (WM) at 48.03% distributes more than its industry norm — less retained, thinner cover.
ULS
Commercial & Professional Services industry group
22.42%
- Max
- 99.58%
- Q3
- 41.99%
- ULS
- 22.42%
- Median
- 17.27%
- Q1
- 0.00%
- Min
- -17.94%
WM
Commercial & Professional Services industry group
48.03%
- Max
- 99.58%
- WM
- 48.03%
- Q3
- 41.99%
- Median
- 17.27%
- Q1
- 0.00%
- Min
- -17.94%
Dividend Metrics
| Metric | ULS | WM |
|---|---|---|
| Dividend Yield (TTM) | 0.74% | 1.52% |
| Dividend Payout Ratio (TTM) | 22.42% | 48.03% |
Valuation
P/E Ratio (TTM)
Both UL (ULS) at 31.21 and Waste Management (WM) at 31.01 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
ULS
Commercial & Professional Services industry group
31.21
- Max
- 49.47
- Q3
- 33.76
- ULS
- 31.21
- Median
- 24.16
- Q1
- 16.01
- Min
- 1.89
WM
Commercial & Professional Services industry group
31.01
- Max
- 49.47
- Q3
- 33.76
- WM
- 31.01
- Median
- 24.16
- Q1
- 16.01
- Min
- 1.89
P/S Ratio (TTM)
Both UL (ULS) at 4.98 and Waste Management (WM) at 3.60 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
ULS
Commercial & Professional Services industry group
4.98
- Max
- 7.17
- ULS
- 4.98
- Q3
- 3.35
- Median
- 1.33
- Q1
- 0.69
- Min
- 0.11
WM
Commercial & Professional Services industry group
3.60
- Max
- 7.17
- WM
- 3.60
- Q3
- 3.35
- Median
- 1.33
- Q1
- 0.69
- Min
- 0.11
P/B Ratio (MRQ)
Both UL (ULS) at 9.32 and Waste Management (WM) at 9.52 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
ULS
Commercial & Professional Services industry group
9.32
- Max
- 11.25
- ULS
- 9.32
- Q3
- 6.08
- Median
- 2.92
- Q1
- 1.55
- Min
- -2.78
WM
Commercial & Professional Services industry group
9.52
- Max
- 11.25
- WM
- 9.52
- Q3
- 6.08
- Median
- 2.92
- Q1
- 1.55
- Min
- -2.78
Valuation Metrics
| Metric | ULS | WM |
|---|---|---|
| P/E Ratio (TTM) | 31.21 | 31.01 |
| P/S Ratio (TTM) | 4.98 | 3.60 |
| P/B Ratio (MRQ) | 9.32 | 9.52 |
| Free Cash Flow Yield (TTM) | 2.94% | 2.64% |