Waste Management (WM) Net Margin (2009 - 2026)

Waste Management (WM) posted Net Margin of 11.76% for Q2 2026, up 1.28% sequentially from 11.61% in Q1 2026, and up 45.0% YoY from 8.11% in Q2 2025.

Waste Management (WM) Net Margin (2009 - 2026) Analysis & Trends

Waste Management has reported Net Margin for 18 years, with the latest figure at 11.76% in Q2 2026.

Quarterly Net Margin rose 45.0% year-over-year to 11.76% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 11.11% (down 20.0% YoY) and the FY2025 annual result came in at 10.74%, down 165.0% from the prior year.
Net Margin advanced to 11.76% in Q2 2026 per WM's latest filing, from 11.61% in the prior quarter.
Over five years, Net Margin peaked at 13.7% in Q1 2024 and troughed at 8.99% in Q4 2023.
A 5-year average of 11.45% and a median of 11.64% in 2022 frame the typical range for Net Margin.
The sharpest annual moves came in 2022 and 2025: Net Margin soared 384 bps in 2022, then sank 419 bps in 2025.
Over 5 years, Net Margin stood at 10.13% in 2022, then slipped by 11 bps to 8.99% in 2023, then advanced by 10 bps to 9.93% in 2024, then rose by 18 bps to 11.71% in 2025, then grew by 0 bps to 11.76% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 11.76%, 11.61%, and 11.71% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Waste Management	90.39 Bn	89.83 Bn	2.73 Bn	11.76%
2	Republic Services	67.62 Bn	67.51 Bn	1.87 Bn	12.78%
3	Waste Connections	42.71 Bn	42.61 Bn	1.08 Bn	11.57%
4	Clean Harbors	17.07 Bn	16.56 Bn	608.78 Mn	9.82%
5	GFL Environmental	14.89 Bn	14.70 Bn	278.90 Mn	11.35%
6	Casella Waste Systems	5.91 Bn	5.89 Bn	178.80 Mn	0.69%
7	Sino Green Land	646.75 Mn	646.67 Mn	-78,936.00	-91.41%
8	Onterris	529.21 Mn	515.52 Mn	82.26 Mn	0.73%
9	Perma Fix Environmental Services	334.90 Mn	300.95 Mn	-2.50 Mn	-48.12%
10	American Battery Technology	307.22 Mn	267.94 Mn	737,749.00	-436.17%

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