Waste Management (WM) Net Margin (2009 - 2026)
Waste Management (WM) recorded Net Margin of 11.74% in Q2 2026, up 0.45 percentage points from 11.29% a year earlier and up 0.13 percentage points from the prior quarter.
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Analysis
Waste Management (WM) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Waste Management's Net Margin came in at 11.12% as of Jun 30, 2026, down 0.25 percentage points year-over-year; for FY2025, it came in at 10.74%, down 1.70 percentage points from FY2024.
- Annual Net Margin has a five-year change of +0.91 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 12.45% in FY2024 (+1.17 pp), 11.28% in FY2023 (-0.08 pp), 11.36% in FY2022 (+1.23 pp) and 10.13% in FY2021 (+0.30 pp).
- Quarterly Net Margin has ranged from 9.36% in Q3 2025 to 13.72% in Q1 2024 over the past five years.
- On a year-over-year basis, Net Margin has increased for three consecutive quarters, with an average year-over-year change of -0.51 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 3.84 percentage points in Q2 2022, against a drop of 4.19 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 11.61% (Q1 2026), 11.75% (Q4 2025) and 9.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 82.59 Bn | 81.50 Bn | 2.73 Bn | 11.74% |
| 2 | Republic Services | 65.21 Bn | 64.82 Bn | 1.87 Bn | 12.78% |
| 3 | Waste Connections | 39.38 Bn | 39.00 Bn | 1.08 Bn | 11.57% |
| 4 | Clean Harbors | 16.54 Bn | 13.55 Bn | 608.78 Mn | 9.82% |
| 5 | GFL Environmental | 15.37 Bn | 13.05 Bn | 385.80 Mn | 18.91% |
| 6 | Casella Waste Systems | 5.11 Bn | 4.23 Bn | 178.80 Mn | 0.69% |
| 7 | Onterris | 512.61 Mn | 471.88 Mn | 82.26 Mn | 0.73% |
| 8 | Perma Fix Environmental Services | 331.69 Mn | 223.25 Mn | -2.50 Mn | -48.12% |
| 9 | Deep Isolation Nuclear | 204.72 Mn | 204.72 Mn | 707,000.00 | -230.17% |
| 10 | Comstock | 185.32 Mn | 188.64 Mn | -896,073.00 | -9,335.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.74% |
| Mar 31, 2026 | 11.61% |
| Dec 31, 2025 | 11.75% |
| Sep 30, 2025 | 9.36% |
| Jun 30, 2025 | 11.29% |
| Mar 31, 2025 | 10.58% |
| Dec 31, 2024 | 10.15% |
| Sep 30, 2024 | 13.55% |
| Jun 30, 2024 | 12.59% |
| Mar 31, 2024 | 13.72% |
| Dec 31, 2023 | 9.45% |
| Sep 30, 2023 | 12.75% |
| Jun 30, 2023 | 12.01% |
| Mar 31, 2023 | 10.90% |
| Dec 31, 2022 | 10.11% |
| Sep 30, 2022 | 12.59% |
| Jun 30, 2022 | 11.68% |
| Mar 31, 2022 | 11.01% |
| Dec 31, 2021 | 10.82% |
| Sep 30, 2021 | 11.53% |
API Access
Waste Management Net 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=net-margin&ticker=WM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=WM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();