Waste Management Inc (WM)
Return on total capital
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 4,081,000 | 4,207,000 | 4,077,000 | 4,056,000 | 3,927,000 | 3,800,000 | 3,704,000 | 3,521,000 | 3,501,000 | 3,421,000 | 3,356,000 | 3,296,000 | 3,269,000 | 3,143,000 | 2,828,000 | 2,714,000 | 2,633,000 | 2,453,000 | 2,413,000 | 2,318,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,519,000 | 9,201,000 | 8,650,000 | 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 |
| Return on total capital | 42.87% | 45.72% | 47.13% | 49.15% | 49.22% | 50.96% | 52.30% | 51.01% | 50.37% | 49.52% | 49.40% | 48.12% | 46.63% | 43.71% | 39.59% | 38.10% | 36.71% | 33.37% | 32.49% | 31.11% |
September 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $4,081,000K ÷ ($—K + $9,519,000K)
= 42.87%