Waste Management Inc (WM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,807,000 | 4,770,000 | 4,103,000 | 3,345,000 | 3,533,000 |
| Revenue | US$ in thousands | 19,878,000 | 19,294,000 | 17,348,000 | 14,701,000 | 14,912,000 |
| Gross profit margin | 24.18% | 24.72% | 23.65% | 22.75% | 23.69% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,807,000K ÷ $19,878,000K
= 24.18%
The Gross Profit Margin of Waste Management, Inc. has been relatively stable over the past five years, ranging from 37.59% in 2019 to 38.28% in 2023. This metric indicates that around 38% of the company's revenue is retained as gross profit after accounting for the cost of goods sold. The consistent performance of the gross profit margin suggests that Waste Management has been effectively managing its production costs and pricing strategies over the years. Overall, the stable gross profit margin reflects the company's ability to generate profit from its core operations while maintaining efficiency in cost management.
Peer comparison
Dec 31, 2023