Waste Management Inc (WM)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,746,000 | 2,641,000 | 2,544,000 | 2,479,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 8,252,000 | 7,979,000 | 7,457,000 | 7,082,000 | 6,903,000 | 6,950,000 | 6,909,000 | 6,794,000 | 6,849,000 | 7,010,000 | 7,190,000 | 7,144,000 | 7,124,000 | 7,172,000 | 7,352,000 | 7,427,000 | 7,452,000 | 7,155,000 | 6,891,000 | 6,743,000 |
| ROE | 33.28% | 33.10% | 34.12% | 35.00% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,746,000K ÷ $8,252,000K
= 33.28%
Waste Management Inc's return on equity (ROE) has shown a generally positive trend over the past few years, indicating an improvement in the company's profitability and efficiency in generating returns for its shareholders.
The ROE increased from 24.97% in March 2020 to 33.38% in December 2023, reaching its peak at 35.00% in March 2024. This upward trend suggests that Waste Management Inc has been effectively utilizing its shareholders' equity to generate profits during this period.
However, there was a slight decrease in ROE from March 2024 to December 2024, dropping to 33.28%. Despite this decline, Waste Management Inc's ROE remains at a relatively high level, indicating the company's ability to generate sustainable returns for its investors.
Overall, Waste Management Inc's ROE performance demonstrates a positive trajectory, reflecting the company's strong financial management and efficient use of equity capital to drive shareholder value. It is important for investors and stakeholders to continue monitoring ROE to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2024
See also:
Waste Management Inc Return on Equity (ROE) (Quarterly Data)