12 Best Waste Management Stocks to Invest In Now

9. Quest Resource Holding Corporation (NASDAQ:QRHC)

Number of Hedge Fund Investors: 8

Revenue Growth Rate (year-over-year): 0.05%

Quest Resource Holding Corporation (NASDAQ:QRHC) is ranked ninth on our list of Best Waste Management Stocks. It is a national provider of waste and recycling services to customers in a variety of industries, most of whom are larger, multi-location firms. The company develops customer-specific plans and provides related services such as garbage collection, processing, recycling, disposal, and tracking. The company’s services are focused on waste streams and recyclables from box stores, grocers, and other specialty retailers.

Quest Resource Holding Corporation (NASDAQ:QRHC) displayed strong development potential in 2024, with record client onboarding of eight new customers, each of which will likely generate at least seven figures in annual revenue and five expansion agreements with key clients. This contributed to a 0.9% gain in Q4 2024 revenue to $70 million and a 0.1% yearly revenue growth to $288.5 million, despite industry headwinds. New client wins, expanded service agreements, and increased contributions from existing contracts fueled revenue growth. The company successfully refinanced its debt, reducing interest costs by $1 million annually while strengthening terms and extending maturities.

Operational effectiveness initiatives, such as a 15% workforce reduction and technology integration, are expected to reduce SG&A expenses by $3 million a year. Furthermore, an innovative sales process has increased the pipeline, resulting in focused sales execution and future growth. Quest Resource Holding Corporation (NASDAQ:QRHC) further expanded its vendor network, adding over 1,200 new partners, improving its service capabilities, and positioning itself for long-term market leadership in waste and sustainability management.