Top Performing Garbage Disposal Stocks

Money can come out of anything, some companies are proof of that. As the world's population continues to increase and become more urbanized, the garbage disposal system becomes more complex. This translates to profit for garbage disposal companies.

Allied Market Research projects the global waste management market to record a compounded annual growth rate (CAGR) of 6% between 2018 and 2025 to reach $530 billion. 

There are tons of companies turning trash into gold, and we have compiled a list of the ones with the best performance.

List of Top-Performing Garbage Disposal Stocks

1. Waste Management (WM: NYSE)

Market capitalization: $59 trillion

Stock price: $139.02

Dividend: $2.37

Waste Management Inc provides garbage disposal services to residential, commercial, industrial, and municipal customers across North America.

It operates by picking and transporting the waste and recyclable materials from where they are generated to a transfer station material recovery facility or disposal sites. It owns, develops, and operates just energy plants in the US. It also owns a transfer station.

Waste Management is currently listed on the NYSE, recorded $15.6 billion revenue in 2020.

2. Republic Services (RSG: NYSE)

Market capitalization: $35 billion.

Stock price: $108.42

Dividend:$1.68

Created as a waste disposal firm in 1981, Republic Services focuses on providing non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the US. The company serves both municipal and residential customers.

It operates through segments: Group 1 and Group 2. 

The Group 1 segment consists of geographic areas located in the western part of the United States, while the Group 2 segment consists of geographic areas located in the southeastern and mid-western and the eastern seaboard of the United States.

Republic Services is listed on the NYSE and recorded $10.2 billion in revenue in 2020. 

3.Clean Harbors (CLH: NYSE)

Market capitalization: $5.1 billion.

Stock price: $89.55

Dividend: Clean Harbors does not currently offer dividend payments.

Clean Harbors Inc. provides environmental, energy, and industrial services, enabling its customers to achieve their sustainability goals. The company mainly operates through its two sub-divisions: Environmental Services and Safety-Kleen. 

The company expanded through organic growth and acquisitions to approximately 400 service locations in North America including over 50 hazardous waste management facilities across the United States, Canada, Mexico, and Puerto Rico. 

Clean Harbors has been listed on the NYSE since 1987 and recorded a revenue of $3.1 billion in 2020.

4. Stericycle (SRCL: NASDAQ)

Market capitalization: $6.6 billion

Stock price: $71.57 

Dividend: It does not currently pay a dividend.

Stericycle Inc. is a compliance company specializing in collecting and disposing of regulated substances, such as medical waste and sharps, pharmaceuticals, hazardous waste, as well as providing services for recalled and expired goods. The company also provides related education and training services, and patient communication services.

The company operates across the United States and Europe.

Stericycle is listed on the NASDAQ and recorded $2.6 billion in revenue in 2020.

5.Casella Waste Systems (CWST: NASDAQ)

Market capitalization: $3.3 billion

Stock price:$64.05

Dividend: It does not currently pay a dividend.

Casella Waste Systems Inc. together with its subsidiaries operates as a vertically integrated solid waste services company in the northeastern part of the US. The company offers resource management services mainly in the areas of solid waste collection and disposal, transfer, recycling, and organics services. They cater to residential, commercial, municipal, and industrial customers.

Casella Waste Systems is listed on the NASDAQ and recorded a revenue of $781.2 million in 2020. 

6. Montrose Environmental Group (MEG: NYSE)

Market capitalization: $1.29 billion.

Stock price: $50.34 

Dividend: It does not currently pay a dividend.

Montrose Environmental Group Inc. is an environmental services company based in the United States which operates in three segments. These are i-Assessment, Permitting, and Response

ii-Measurement and Analysis iii-Remediation and Reuse.

Montrose Environmental Group is listed on the NYSE and recorded a revenue of $401 million in the past year.

7. US Ecology (ECOL: NASDAQ)

Market capitalization: $1.8 billion.

Stock price: $37.48

Dividend: $0.18

US Ecology Inc. focuses on providing environmental services to commercial and government entities across not just the United States, but Canada, Europe, the Middle East, Africa, and Mexico. It operates through three segments:

Waste Solutions

Field Services 

Energy Waste.

US Ecology is listed on the NASDAQ and recorded a revenue of $921.8 million in 2020.

disclaimer: Investingport owns Waste Management stocks.