Waste Management (WM) Return on Capital Employed [ROCE] (2009 - 2025)
Waste Management's Return on Capital Employed [ROCE] was 11.24% in Q2 2026, up 0.55 percentage points from 10.70% a year earlier and up 0.39 percentage points from the prior quarter.
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Analysis
Waste Management (WM) Return on Capital Employed [ROCE] (2009 - 2025) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Waste Management came in at 10.86%, down 1.67 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now declined for three consecutive years, though with a five-year change of +1.12 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 12.53% in FY2024 (-0.30 pp), 12.83% in FY2023 (-0.20 pp), 13.02% in FY2022 (+1.23 pp) and 11.79% in FY2021 (+2.05 pp).
- The Q2 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] since Q4 2024.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in three of the last eight quarters, with an average year-over-year change of -1.10 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q1 2022 (a gain of 2.47 percentage points); the worst was Q3 2025 (a drop of 3.08 percentage points).
- Per Business Quant data, WM's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was 10.85% (Q1 2026), 10.72% (Q4 2025) and 10.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Yr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.39 Bn | 93.32 Bn | 2.75 Bn | 10.86% |
| 2 | Republic Services | 75.41 Bn | 75.02 Bn | 1.90 Bn | 11.21% |
| 3 | Waste Connections | 47.83 Bn | 47.48 Bn | 1.14 Bn | 9.32% |
| 4 | GFL Environmental | 15.73 Bn | 15.73 Bn | 304.74 Mn | 11.79% |
| 5 | Clean Harbors | 15.30 Bn | 12.64 Bn | 661.44 Mn | 10.58% |
| 6 | Casella Waste Systems | 5.92 Bn | 5.24 Bn | 184.65 Mn | 2.14% |
| 7 | Onterris | 832.01 Mn | 777.91 Mn | 88.27 Mn | 1.43% |
| 8 | Enviri | 710.17 Mn | 67.28 Mn | -162.22 Mn | - |
| 9 | Oio | 619.48 Mn | 617.91 Mn | - | -29.89% |
| 10 | Perma Fix Environmental Services | 328.26 Mn | 221.00 Mn | 552,000.00 | -16.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 10.86% |
| Dec 31, 2024 | 12.53% |
| Dec 31, 2023 | 12.83% |
| Dec 31, 2022 | 13.02% |
| Dec 31, 2021 | 11.79% |
| Dec 31, 2020 | 9.74% |
| Dec 31, 2019 | 12.27% |
| Dec 31, 2018 | 14.58% |
| Dec 31, 2017 | 14.58% |
| Dec 31, 2016 | 12.89% |
| Dec 31, 2015 | 11.18% |
| Dec 31, 2014 | 12.50% |
| Dec 31, 2013 | 5.46% |
| Dec 31, 2012 | 9.35% |
| Dec 31, 2011 | 10.70% |
| Dec 31, 2010 | 11.24% |
| Dec 31, 2009 | 10.61% |
API Access
Waste Management Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D-annual&ticker=WM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]-annual", "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=return-on-capital-employed-%5Broce%5D-annual&ticker=WM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();