Waste Management Inc (WM)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,066,000 | 5,327,000 | 5,189,000 | 5,049,000 | 4,849,000 | 5,049,000 | 4,954,000 | 4,887,000 | 4,825,000 | 4,756,000 | 4,600,000 | 4,273,000 | 4,146,000 | 3,855,000 | 3,620,000 | 3,490,000 | 3,328,000 | 6,758,000 | 6,842,000 | 6,929,000 |
| Revenue (ttm) | US$ in thousands | 22,102,000 | 20,806,000 | 20,400,000 | 20,122,000 | 19,855,000 | 19,745,000 | 19,622,000 | 19,530,000 | 19,293,000 | 19,066,000 | 18,656,000 | 17,885,000 | 17,341,000 | 16,634,000 | 15,778,000 | 15,083,000 | 14,694,000 | 14,948,000 | 15,105,000 | 15,406,000 |
| Gross profit margin | 27.45% | 25.60% | 25.44% | 25.09% | 24.42% | 25.57% | 25.25% | 25.02% | 25.01% | 24.94% | 24.66% | 23.89% | 23.91% | 23.18% | 22.94% | 23.14% | 22.65% | 45.21% | 45.30% | 44.98% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,066,000K ÷ $22,102,000K
= 27.45%
The gross profit margin of Waste Management Inc has shown fluctuations over the past few years, ranging from a low of 22.65% in December 2020 to a high of 27.45% in December 2024. The trend generally indicates an improvement in the company's ability to generate profit from its core operations, as the margin has been increasing steadily since hitting a low point in late 2020.
However, it is important to note that there was a slight dip in the gross profit margin in March 2024 followed by a rebound in the subsequent quarters. This kind of volatility could be influenced by various factors such as changes in sales volumes, pricing strategies, or cost structures.
Overall, Waste Management Inc's gross profit margin has shown a positive trajectory, reflecting the company's ability to effectively manage its production and operational costs to generate a higher proportion of revenue as gross profit. A higher gross profit margin typically indicates better profitability and efficiency in the company's operations.
Peer comparison
Dec 31, 2024