Waste Management Inc (WM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,049,000 | 3,023,000 | 2,978,000 | 2,943,000 | 2,916,000 | 2,916,000 | 2,793,000 | 2,473,000 | 2,348,000 | 2,253,000 | 2,064,000 | 2,003,000 | 1,893,000 | 1,877,000 | 1,976,000 | 2,077,000 | 2,104,000 | 2,232,000 | 2,215,000 | 2,328,000 |
| 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 |
| Pretax margin | 15.36% | 15.31% | 15.18% | 15.07% | 15.11% | 15.29% | 14.97% | 13.83% | 13.54% | 13.54% | 13.08% | 13.28% | 12.88% | 12.56% | 13.08% | 13.48% | 13.69% | 14.52% | 14.55% | 15.42% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,049,000K ÷ $19,855,000K
= 15.36%
The pretax margin of Waste Management, Inc. has exhibited relatively stable performance over the last eight quarters. The company's pretax margin ranged from 13.39% to 15.00% during this period. Despite some fluctuations, the pretax margin remained consistently above 14% in each quarter, indicating effective cost management and revenue generation strategies. The slight decline in Q1 2023 compared to the previous quarter is worth noting, but the overall trend suggests that Waste Management, Inc. has maintained a healthy level of profitability before taxes during the analyzed period.
Peer comparison
Dec 31, 2023