Transport and Diversified Industrials
Transport and Diversified Industrials Waste and Distribution
Waste and facilities revenue
WM's 2025 step-up includes Stericycle from 4 Nov 2024. Rollins is pest control. Veralto is water quality. They share a GICS bucket, not a P&L model.
US municipal solid waste
EPA's latest complete national series is still 2018: 292.4 million tons generated, 146.1 million landfilled. Later years are not invented here.
Industrial distribution and rental
Grainger and Fastenal sell MRO into the installed plant base. United Rentals rents the equipment that shows up on jobsites.
WM and Republic operating income
Who compounds the landfill franchise in dollars of operating income, not just revenue?
WM revenue by line of business
Where does WM's dollar come from after Stericycle: collection, landfill, or healthcare?
Cintas revenue
Does the uniforms and hygiene annuity still compound, independent of landfill tons?
MRO and rental operating income
Who converts distribution and rental revenue into operating income: Grainger, Fastenal, or United Rentals?
Facilities services revenue
How large are the non-landfill facilities names on this tab: Cintas, Copart, and Rollins?