Waste Management Inc (WM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,304,000 | 2,238,000 | 1,816,000 | 1,496,000 | 1,670,000 |
| Revenue | US$ in thousands | 19,878,000 | 19,294,000 | 17,348,000 | 14,701,000 | 14,912,000 |
| Net profit margin | 11.59% | 11.60% | 10.47% | 10.18% | 11.20% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,304,000K ÷ $19,878,000K
= 11.59%
The net profit margin of Waste Management, Inc. has shown a consistent trend over the past five years, ranging from 9.83% in 2020 to 11.36% in 2022. In 2023, the net profit margin slightly decreased to 11.28%. This indicates that the company is effectively managing its expenses relative to its revenue, with a healthy level of profitability. Overall, Waste Management, Inc. has maintained a relatively stable net profit margin, demonstrating resilience in its ability to generate profits after accounting for all expenses.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Waste Management Inc
WM
11.59%
Republic Services Inc
RSG
10.02%