Waste Management (WM) Gross Margin (2009 - 2026)
Waste Management (WM) posted Gross Margin of 40.83% for Q2 2026, little changed sequentially from 40.68% in Q1 2026, and down 3.0% YoY from 42.09% in Q2 2025.
Waste Management (WM) Gross Margin (2009 - 2026) Analysis & Trends
Waste Management has reported Gross Margin for 18 years, with the latest figure at 40.83% in Q2 2026.
- Quarterly Gross Margin fell 3.0% year-over-year to 40.83% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 40.88% (down 1295.0% YoY) and the FY2025 annual result came in at 40.44%, up 110.0% from the prior year.
- Gross Margin held at 40.83% in Q2 2026 per WM's latest filing, from 40.68% in the prior quarter.
- Over five years, Gross Margin peaked at 95.86% in Q4 2024 and troughed at 36.92% in Q1 2023.
- A 5-year average of 42.29% and a median of 39.27% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 5616 bps in 2024, then sank 5436 bps in 2025.
- Over 5 years, Gross Margin stood at 37.33% in 2022, then advanced by 6 bps to 39.7% in 2023, then jumped by 141 bps to 95.86% in 2024, then tumbled by 57 bps to 41.5% in 2025, then declined by 2 bps to 40.83% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 40.83%, 40.68%, and 41.5% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 89.87 Bn | 89.31 Bn | 2.73 Bn | 40.83% |
| 2 | Republic Services | 67.76 Bn | 67.65 Bn | 1.87 Bn | 42.14% |
| 3 | Waste Connections | 43.02 Bn | 42.93 Bn | 1.08 Bn | 42.25% |
| 4 | Clean Harbors | 16.72 Bn | 16.20 Bn | 608.78 Mn | 35.09% |
| 5 | GFL Environmental | 14.88 Bn | 14.69 Bn | 278.90 Mn | 19.81% |
| 6 | Casella Waste Systems | 5.85 Bn | 5.83 Bn | 178.80 Mn | 32.88% |
| 7 | Sino Green Land | 972.56 Mn | 972.48 Mn | -78,936.00 | -23.58% |
| 8 | Onterris | 564.12 Mn | 550.43 Mn | 82.26 Mn | 44.07% |
| 9 | Perma Fix Environmental Services | 341.45 Mn | 307.49 Mn | -2.50 Mn | -19.43% |
| 10 | American Battery Technology | 339.53 Mn | 300.24 Mn | 737,749.00 | 9.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.83% |
| Mar 31, 2026 | 40.68% |
| Dec 31, 2025 | 41.50% |
| Sep 30, 2025 | 40.51% |
| Jun 30, 2025 | 40.86% |
| Mar 31, 2025 | 39.98% |
| Dec 31, 2024 | 95.86% |
| Sep 30, 2024 | 39.40% |
| Jun 30, 2024 | 39.08% |
| Mar 31, 2024 | 39.14% |
| Dec 31, 2023 | 39.70% |
| Sep 30, 2023 | 38.67% |
| Jun 30, 2023 | 37.76% |
| Mar 31, 2023 | 36.92% |
| Dec 31, 2022 | 37.33% |
| Sep 30, 2022 | 37.81% |
| Jun 30, 2022 | 37.50% |
| Mar 31, 2022 | 37.72% |
| Dec 31, 2021 | 36.83% |
| Sep 30, 2021 | 37.71% |