Waste Management Inc (WM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,056,000 | 4,807,000 | 4,770,000 | 4,103,000 | 3,345,000 |
| Revenue | US$ in thousands | 22,158,000 | 19,878,000 | 19,294,000 | 17,348,000 | 14,701,000 |
| Gross profit margin | 27.33% | 24.18% | 24.72% | 23.65% | 22.75% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,056,000K ÷ $22,158,000K
= 27.33%
The gross profit margin of Waste Management Inc has shown a consistent upward trend over the past five years, increasing from 22.75% as of December 31, 2020, to 27.33% as of December 31, 2024. This improvement indicates that the company has been able to effectively control its direct costs related to production and services, resulting in a higher percentage of revenue retained as gross profit. The steady growth in gross profit margin reflects positively on Waste Management's operational efficiency and ability to generate stronger profits from its core business activities. Overall, the trend in gross profit margin suggests that Waste Management has been successfully managing its cost structure and optimizing its revenue streams in recent years.
Peer comparison
Dec 31, 2024