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Waste Management WM Gross margin

Gross margin at other companies

Republic Services logo
Republic ServicesRSG
42%0.0pp
Waste Connections logo
Waste ConnectionsWCN
42.5%+0.5pp
EMCOR Group logo
EMCOR GroupEME
19.3%0.0pp
Steel Dynamics logo
Steel DynamicsSTLD
14%+0.6pp
Medline, Inc.
 logo
Medline, Inc. MDLN
27.4%+1.5pp
Valero Energy logo
Valero EnergyVLO
5.6%+3.0pp

Other financials

Income statement

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Revenue$6.2B+3.5%
Gross profit$2.5B+5.3%
Operating income$1.1B+9.9%
Net income$723.0M+13.5%
EPS (diluted)$1.79+13.3%

Balance sheet

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Cash & equivalents$158.0M-26.9%
Total equity$10.0B+15.9%
Total assets$45.7B+2.7%

Cash flow

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Operating cash flow$1.5B+24.3%
CapEx$650.0M-21.8%
Free cash flow$851.0M+126%

Valuation

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Market cap$86.68B-0.4%
P/E31×-1.5×
P/S3.4×-0.4×

Profitability

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Operating margin17.3%-0.4pp
Net margin11%-0.7pp

Returns & leverage

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Return on equity29.9%-4.1pp
Debt / equity0.2×0.0×
Current ratio0.9×+0.1×

Where this comes from

Calculated from Waste Management’s reported figures.

Based on trailing twelve months.

The official record: Waste Management’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waste Management's gross margin?
Waste Management (WM) reported gross margin of 40.7% in Q1 2026.
How has Waste Management's gross margin changed year-over-year?
Waste Management's gross margin increased by 3.0% year-over-year, from 39.6% to 40.7%.
What is the long-term trend for Waste Management's gross margin?
Over 4 years (2021 to 2025), Waste Management's gross margin has grown at a 0.9% compound annual growth rate (CAGR), from 154.4% to 160.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.