Growth Metrics

Waste Management (WM) Operating Margin (2016 - 2025)

Waste Management (WM) has disclosed Operating Margin for 17 consecutive years, with 38.54% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 5413.0% to 38.54% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 2.86% through Dec 2025, down 1556.0% year-over-year, with the annual reading at 2.86% for FY2025, 1556.0% down from the prior year.
  • Operating Margin hit 38.54% in Q4 2025 for Waste Management, down from 15.35% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 19.95% in Q3 2024 to a low of 41.33% in Q4 2023.
  • Historically, Operating Margin has averaged 11.67% across 5 years, with a median of 17.07% in 2021.
  • Biggest five-year swings in Operating Margin: plummeted -30368bps in 2021 and later soared 5692bps in 2024.
  • Year by year, Operating Margin stood at 15.35% in 2021, then grew by 1bps to 15.5% in 2022, then plummeted by -367bps to 41.33% in 2023, then surged by 138bps to 15.59% in 2024, then crashed by -347bps to 38.54% in 2025.
  • Business Quant data shows Operating Margin for WM at 38.54% in Q4 2025, 15.35% in Q3 2025, and 17.9% in Q2 2025.