What are Waste Management's profit margins?

Waste Management (WM) runs a 40.7% gross margin and a 17.3% operating margin, with a 11.0% net margin.

Where do Waste Management's ratios come from?

Every ratio is computed from Waste Management's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Waste Management WM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	40.7%+1.2pp	40.6%+1.2pp	40.1%+0.8pp	39.9%+0.7pp	39.6%+0.7pp
Operating margin	17.3%-0.4pp	17.1%-1.3pp	16.4%-1.9pp	17.5%-0.7pp	17.7%-0.5pp
Net margin	11%-0.7pp	10.7%-1.7pp	10.3%-2.0pp	11.4%-0.8pp	11.7%-0.3pp
EBITDA margin	28.9%+0.5pp	28.6%-0.1pp	27.6%-0.7pp	28.4%+0.2pp	28.4%+0.1pp
Free cash flow margin	12.9%+4.9pp	11.2%+1.4pp	9.7%-0.1pp	9%-1.1pp	8%-2.3pp
Returns
Return on equity	29.9%-4.1pp	29.7%-6.5pp	29.3%-6.1pp	32.7%-2.7pp	34%-1.7pp
Return on assets	6.2%-0.7pp	6%-1.1pp	6.4%-1.5pp	6.8%-0.9pp	6.9%-0.8pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×-0.1×
Liquidity
Current ratio	0.9×+0.1×	0.9×+0.1×	0.8×0.0×	0.9×-0.2×	0.8×-0.1×
Quick ratio	0.9×+0.1×	0.9×+0.1×	0.8×0.0×	0.9×-0.2×	0.8×-0.1×
Cash ratio	0×0.0×	0×0.0×	0×-0.1×	0.1×0.0×	0×0.0×
Valuation
Market capitalization	$92.68B-0.4%	$88.51B+9.3%	$88.96B+6.8%	$94.22B+9.9%	$93.09B+8.7%
Price / earnings	33.2×-1.6×	32.7×+3.2×	34.7×+3.1×	34.6×+0.9×	34.8×+0.3×
Price / sales	3.6×-0.4×	3.5×-0.2×	3.6×-0.3×	3.9×-0.2×	4.1×-0.1×
Price / book	9.2×-1.5×	8.9×-1.0×	9.3×-1.1×	10.2×-1.3×	10.8×-1.3×
Free cash flow yield	3.5%+1.6pp	3.2%+0.5pp	2.7%+0.2pp	2.3%-0.2pp	2%-0.5pp
Earnings yield	3%+0.1pp	3.1%-0.3pp	2.9%-0.3pp	2.9%-0.1pp	2.9%0.0pp
Dividend yield	1.5%+0.2pp	1.5%0.0pp	1.5%0.0pp	1.3%0.0pp	1.3%0.0pp
PEG ratio	7.5×+3.1×	——	——	5×+2.0×	4.4×+0.9×

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Questions, answered.

What are Waste Management's profit margins?: Waste Management (WM) runs a 40.7% gross margin and a 17.3% operating margin, with a 11.0% net margin.
Where do Waste Management's ratios come from?: Every ratio is computed from Waste Management's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.