Stock Analysis on Net
Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 15, 2022.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Waste Management Inc., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Income from operations1 ÷ Operating revenues1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Income from operations
Income from operations showed an overall upward trend from 2005 to 2021, increasing from 1,710 million US dollars in 2005 to 2,965 million US dollars in 2021. However, this upward movement was not steady; there were periods of decline and volatility. Notably, a decline occurred between 2008 and 2013, reaching a low of 1,079 million US dollars in 2013. After 2013, income from operations rose substantially, peaking at 2,789 million in 2018 before a slight dip in 2019 and 2020, and a recovery in 2021.
Operating revenues
Operating revenues exhibited moderate growth over the period, increasing from 13,074 million US dollars in 2005 to a peak of 17,931 million in 2021. The revenue figures showed some fluctuation, with a noticeable decline in 2009 corresponding to the global financial crisis, dropping to 11,791 million US dollars. Following this downturn, revenues generally recovered and progressively increased, with minor dips in 2014 and 2020.
Operating profit margin
The operating profit margin percentage varied throughout the years, reflecting changes in operational efficiency and profitability. Initially, the margin increased from 13.08% in 2005 to around 16.93% in 2007, before remaining mostly within the 15% to 18% range. A significant drop is seen in 2013, where the margin fell to 7.72%, indicating a challenging year for profitability despite relatively stable revenues. Subsequently, margins improved consistently, reaching a high of 18.7% in 2018, before a slight decline to 16.54% in 2021. The margin pattern suggests resilience in cost control and operational efficiency post-2013.
Overall insights
Over the 17-year period, the data reflects periods of external challenges affecting both income from operations and operating revenues, particularly around the years 2008 to 2013. Despite those fluctuations, the company demonstrated recovery and growth in later years, both in absolute income and margins. The increase in operating profit margin after 2013 indicates improved operational management. The convergence of rising operating revenues and income from operations suggests a strengthening business model, with profitability increasingly supported by revenue growth post-2013.