Waste Management (WM) Net Margin (2009 - 2026)
Waste Management's (WM) quarterly Net Margin came in at 11.76% in Q2 2026, up 45.0% year-over-year from 8.11% in Q2 2025, and up 1.28% quarter-over-quarter from 11.61% in Q1 2026.
Analysis
Waste Management (WM) Net Margin (2009 - 2026) Analysis & Trends
Waste Management has disclosed Net Margin across 18 years of filings, most recently posting 11.76% for Q2 2026.
- In Q2 2026, Net Margin rose 45.0% year-over-year to 11.76%; the TTM figure through Jun 2026 stood at 11.11% (down 20.0% YoY), while the FY2025 annual figure was 10.74%, down 165.0% from the prior year.
- Net Margin came in at 11.76% for Q2 2026 at Waste Management, up from 11.61% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 13.7% in Q1 2024 to a low of 8.99% in Q4 2023.
- Average Net Margin over 5 years is 11.45%, with a median of 11.64% recorded in 2022.
- Year-over-year, Net Margin surged 384 bps in 2022 and plunged 419 bps in 2025.
- Over 5 years, Net Margin stood at 10.13% in 2022, then retreated by 11 bps to 8.99% in 2023, then rose by 10 bps to 9.93% in 2024, then grew by 18 bps to 11.71% in 2025, then advanced by 0 bps to 11.76% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 11.76% in Q2 2026, 11.61% in Q1 2026, and 11.71% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 86.34 Bn | 85.78 Bn | 2.73 Bn | 11.76% |
| 2 | Republic Services | 68.27 Bn | 68.16 Bn | 1.87 Bn | 12.78% |
| 3 | Waste Connections | 40.49 Bn | 40.39 Bn | 1.08 Bn | 11.57% |
| 4 | GFL Environmental | 15.45 Bn | 15.26 Bn | 385.80 Mn | -8.20% |
| 5 | Casella Waste Systems | 5.67 Bn | 5.65 Bn | 178.80 Mn | 0.69% |
| 6 | Comstock | 230.85 Mn | 230.85 Mn | -896,073.00 | -9,797.26% |
| 7 | Quest Resource Holding | 29.23 Mn | 28.20 Mn | 10.43 Mn | -19.07% |
| 8 | ReTo Eco-Solutions | 51,315.44 | -5.98 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.76% |
| Mar 31, 2026 | 11.61% |
| Dec 31, 2025 | 11.71% |
| Sep 30, 2025 | 9.36% |
| Jun 30, 2025 | 11.31% |
| Mar 31, 2025 | 10.58% |
| Dec 31, 2024 | 9.93% |
| Sep 30, 2024 | 13.55% |
| Jun 30, 2024 | 12.59% |
| Mar 31, 2024 | 13.70% |
| Dec 31, 2023 | 8.99% |
| Sep 30, 2023 | 12.74% |
| Jun 30, 2023 | 11.97% |
| Mar 31, 2023 | 10.87% |
| Dec 31, 2022 | 10.13% |
| Sep 30, 2022 | 12.59% |
| Jun 30, 2022 | 11.68% |
| Mar 31, 2022 | 11.03% |
| Dec 31, 2021 | 9.17% |
| Sep 30, 2021 | 11.55% |