Waste Management (WM) Gross Margin (2009 - 2026)
Waste Management (WM) reported Gross Margin of 40.83% for Q2 2026, down 0.03 percentage points from 40.86% a year earlier but up 0.15 percentage points from the prior quarter.
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Analysis
Waste Management (WM) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Waste Management's Gross Margin came in at 40.88%, down 12.95 percentage points year-over-year; for FY2025, it was 40.44%, up 1.10 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a five-year change of +1.82 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 39.34% in FY2024 (+1.06 pp), 38.28% in FY2023 (+0.70 pp), 37.59% in FY2022 (-0.45 pp) and 38.03% in FY2021 (-0.58 pp).
- Five-year quarterly Gross Margin spans a low of 36.83% in Q4 2021 and a high of 95.86% in Q4 2024.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +0.87 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2024 (a gain of 56.16 percentage points); the low point was Q4 2025 (a drop of 54.36 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 40.68% (Q1 2026), 41.50% (Q4 2025) and 40.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 82.59 Bn | 81.50 Bn | 2.73 Bn | 40.83% |
| 2 | Republic Services | 65.21 Bn | 64.82 Bn | 1.87 Bn | 42.14% |
| 3 | Waste Connections | 39.38 Bn | 39.00 Bn | 1.08 Bn | 42.25% |
| 4 | Clean Harbors | 16.54 Bn | 13.55 Bn | 608.78 Mn | 35.09% |
| 5 | GFL Environmental | 15.37 Bn | 13.05 Bn | 385.80 Mn | 19.81% |
| 6 | Casella Waste Systems | 5.11 Bn | 4.23 Bn | 178.80 Mn | 32.88% |
| 7 | Onterris | 512.61 Mn | 471.88 Mn | 82.26 Mn | 44.07% |
| 8 | Perma Fix Environmental Services | 331.69 Mn | 223.25 Mn | -2.50 Mn | -19.43% |
| 9 | Deep Isolation Nuclear | 204.72 Mn | 204.72 Mn | 707,000.00 | 53.60% |
| 10 | Comstock | 185.32 Mn | 188.64 Mn | -896,073.00 | -328.44% |
Historic Data
Download Data
Historic 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% |
API Access
Waste Management Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();