Waste Management Inc (WM)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 18.01% | 18.00% | 17.71% | 17.52% | 17.44% | 17.40% | 17.06% | 17.24% | 17.10% | 17.44% | 17.59% | 16.65% | 16.56% | 16.29% | 16.48% | 17.25% | 17.60% | 18.34% | 18.28% | 18.56% |
| 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% |
| 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% |
The profitability ratios of Waste Management, Inc. show consistency and stability over the past eight quarters. The gross profit margin has remained relatively steady, ranging between 37.39% and 38.28%. This indicates that the company has been efficient in managing its cost of goods sold.
Similarly, the operating profit margin has shown consistency, with values ranging from 16.40% to 18.42%. Waste Management has been effective in controlling its operating expenses, resulting in a healthy level of profitability from its core business operations.
The pretax margin has also been relatively stable, fluctuating between 13.39% and 15.00%. This suggests that the company has been efficient in managing its taxes and other non-operating expenses.
The net profit margin, which measures the overall profitability after all expenses, has ranged from 10.32% to 11.47%. This indicates that Waste Management has been able to generate consistent profits relative to its total revenue, reflecting effective cost management and revenue generation strategies.
Overall, Waste Management, Inc. has demonstrated a consistent and stable level of profitability over the past eight quarters, showcasing its ability to efficiently manage costs and generate profits from its core operations.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.89% | 11.13% | 11.00% | 10.94% | 10.73% | 11.12% | 10.56% | 10.55% | 10.19% | 10.06% | 9.56% | 8.64% | 8.29% | 9.83% | 9.35% | 9.78% | 9.75% | 10.40% | 10.71% | 11.99% |
| Return on assets (ROA) | 7.02% | 7.23% | 7.23% | 7.22% | 7.13% | 7.52% | 7.12% | 6.53% | 6.24% | 6.06% | 5.51% | 5.35% | 5.10% | 6.08% | 6.05% | 6.20% | 6.02% | 6.47% | 6.77% | 8.03% |
| Return on total capital | 51.79% | 51.15% | 50.31% | 50.37% | 49.13% | 47.33% | 44.26% | 43.16% | 41.62% | 40.45% | 37.74% | 33.81% | 32.66% | 34.03% | 36.12% | 39.42% | 38.29% | 41.53% | 43.04% | 43.68% |
| Return on equity (ROE) | 33.38% | 33.24% | 33.09% | 33.24% | 32.68% | 32.03% | 29.82% | 26.71% | 25.49% | 24.37% | 21.76% | 20.95% | 20.08% | 21.03% | 23.36% | 24.97% | 23.63% | 25.85% | 27.19% | 29.24% |
Waste Management, Inc. has shown consistent profitability based on the provided ratios over the past eight quarters. The Operating Return on Assets (Operating ROA) has been relatively stable, ranging from 10.36% to 11.46%. This indicates the company's ability to generate operating profits from its assets.
The Return on Assets (ROA) has also been relatively stable, ranging from 6.53% to 7.52%. This ratio provides insight into how efficiently the company is utilizing its assets to generate profits.
The Return on Total Capital has shown a similar trend, ranging from 14.54% to 16.27%. This ratio reflects the overall effectiveness of the company in generating returns from both equity and debt capital.
Lastly, the Return on Equity (ROE), which measures the return on shareholder equity, has consistently improved over the quarters, ranging from 26.71% to 33.38%. This indicates that Waste Management, Inc. has been effectively leveraging shareholder equity to generate higher returns for its investors.
Overall, Waste Management, Inc. has demonstrated strong profitability ratios, reflecting effective management of assets, capital, and equity to generate returns for its stakeholders.