Waste Management Inc (WM)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 4,338,000 | 4,056,000 | 3,521,000 | 3,296,000 | 2,714,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | — | 8,252,000 | 6,903,000 | 6,849,000 | 7,124,000 |
| Return on total capital | — | 49.15% | 51.01% | 48.12% | 38.10% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $4,338,000K ÷ ($—K + $—K)
= —