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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	161.3%+3.9pp	160.1%+3.5pp	158.9%+3.3pp	158.1%+4.2pp	157.4%+5.1pp
Operating margin	68.4%-4.3pp	68.8%-4.5pp	70.1%-2.2pp	72%+0.4pp	72.8%+2.1pp
Net margin	43.4%-5.1pp	44.1%-4.8pp	45.8%-1.9pp	47.8%+1.0pp	48.6%+2.4pp
EBITDA margin	113.6%-0.1pp	113.1%-0.6pp	113.2%+0.6pp	113.9%+1.7pp	113.7%+2.1pp
Free cash flow margin	42.8%+5.1pp	37.9%-2.1pp	36.5%-2.7pp	36.7%-1.0pp	37.7%+2.6pp
Returns
Return on equity	121.6%-19.5pp	125.7%-17.1pp	132.2%-7.8pp	138.3%+0.5pp	141%+6.3pp
Return on assets	25.4%-4.3pp	26.1%-4.4pp	27.2%-3.4pp	28.8%-1.4pp	29.7%-0.1pp
Efficiency
Asset turnover	2.3×-0.1×	2.4×-0.1×	2.4×-0.2×	2.4×-0.2×	2.4×-0.1×
Liquidity
Current ratio	3.5×0.0×	3.4×-0.2×	3.3×-0.5×	3.3×-0.4×	3.6×+0.1×
Quick ratio	3.5×0.0×	3.4×-0.2×	3.3×-0.5×	3.3×-0.4×	3.6×+0.1×
Cash ratio	0.2×-0.1×	0.2×-0.1×	0.2×-0.1×	0.3×0.0×	0.3×0.0×
Valuation
Market capitalization	$364.37B+6.2%	$364.78B+8.7%	$357.26B+9.4%	$351.61B+15.3%	$343.09B+18.6%
Price / earnings	135.2×+5.7×	136.8×+7.5×	133.6×+2.6×	130.5×+4.3×	129.5×+6.4×
Price / sales	14.7×-1.0×	15.1×-0.7×	15.3×-0.4×	15.6×+0.8×	15.7×+1.5×
Price / book	37.7×-4.8×	39.2×-4.6×	40.2×-4.3×	41.3×-1.6×	42.5×+1.0×
Free cash flow yield	11.7%+2.1pp	10.2%0.0pp	9.6%-0.4pp	9.5%-0.8pp	9.6%-0.3pp
Earnings yield	11.8%-0.6pp	11.7%-0.7pp	12%-0.2pp	12.3%-0.5pp	12.4%-0.7pp
Dividend yield	5.8%+0.2pp	5.7%0.0pp	5.6%-0.1pp	5.6%-0.5pp	5.6%-0.7pp

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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.