Waste Management Inc (WM)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 6,941,000 | 6,966,000 | 6,931,000 | 6,963,000 |
| Revenue (ttm) | US$ in thousands | 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 | 15,372,000 | 15,368,000 | 15,224,000 | 15,101,000 |
| Gross profit margin | 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% | 45.15% | 45.33% | 45.53% | 46.11% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,849,000K ÷ $19,855,000K
= 24.42%
Waste Management, Inc.'s gross profit margin has exhibited stability and consistency over the past eight quarters, ranging from 37.39% to 38.28%. This indicates that the company has been able to effectively manage its production costs and generate profits from its core operations. The slight fluctuations in the gross profit margin suggest that the company has maintained a strong level of efficiency in managing its cost of goods sold. Overall, Waste Management, Inc.'s gross profit margin reflects a healthy financial performance and operational effectiveness during the period under review.
Peer comparison
Dec 31, 2023