Waste Management Inc (WM)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,304,000 | 2,310,000 | 2,286,000 | 2,258,000 | 2,238,000 | 2,245,000 | 2,144,000 | 1,908,000 | 1,816,000 | 1,748,000 | 1,600,000 | 1,556,000 | 1,496,000 | 1,505,000 | 1,610,000 | 1,684,000 | 1,670,000 | 1,754,000 | 1,758,000 | 1,876,000 |
| 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 |
| Net profit margin | 11.60% | 11.70% | 11.65% | 11.56% | 11.60% | 11.77% | 11.49% | 10.67% | 10.47% | 10.51% | 10.14% | 10.32% | 10.18% | 10.07% | 10.66% | 10.93% | 10.86% | 11.41% | 11.55% | 12.42% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,304,000K ÷ $19,855,000K
= 11.60%
The net profit margin of Waste Management, Inc. has shown relatively stable performance over the past eight quarters, ranging from 10.32% to 11.55%. The company has consistently maintained a healthy level of profitability, with the highest net profit margin observed in Q3 2022 at 11.55% and the lowest in Q1 2022 at 10.32%. Overall, Waste Management's net profit margin has hovered around the 11% range, suggesting effective cost management and operational efficiency in generating profits relative to its revenue during the period under review.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Waste Management Inc
WM
11.60%
Republic Services Inc
RSG
10.02%