Stock Analysis on Net
Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

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

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability ratios measure the company ability to generate profitable sales from its resources (assets).

Profitability Ratios (Summary)

Waste Management Inc., profitability ratios (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Return on Sales
Gross profit margin 38.03% 38.48% 38.96% 38.94% 38.62% 38.95% 38.66% 38.49% 38.56% 38.12% 37.98% 37.99% 37.98% 37.97% 38.01% 37.90% 37.72% — — —
Operating profit margin 16.54% 16.75% 16.80% 16.10% 15.99% 16.24% 16.48% 17.16% 17.51% 18.24% 18.18% 18.56% 18.70% 18.51% 18.66% 18.45% 18.20% — — —
Net profit margin 10.13% 10.09% 9.69% 9.97% 9.83% 10.04% 10.66% 10.87% 10.81% 11.35% 11.49% 12.42% 12.91% 15.60% 14.94% 14.06% 13.46% — — —
Return on Investment
Return on equity (ROE) 25.49% 24.37% 21.76% 20.95% 20.08% 21.03% 23.36% 24.97% 23.63% 25.85% 27.19% 29.24% 30.68% 36.82% 36.08% 33.87% 32.38% — — —
Return on assets (ROA) 6.24% 6.06% 5.51% 5.35% 5.10% 6.08% 6.05% 6.20% 6.02% 6.47% 6.77% 8.03% 8.50% 10.17% 9.92% 9.26% 8.93% — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Waste Management Inc. gross profit margin ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Waste Management Inc. operating profit margin ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Waste Management Inc. net profit margin ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Waste Management Inc. ROE improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
ROA A profitability ratio calculated as net income divided by total assets. Waste Management Inc. ROA improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Gross Profit Margin

Waste Management Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Gross profit 1,723 1,759 1,740 1,598 1,567 1,529 1,381 1,400 1,532 1,526 1,503 1,398 1,463 1,449 1,426 1,327 1,389 1,414 1,387 1,274
Operating revenues 4,678 4,665 4,476 4,112 4,067 3,861 3,561 3,729 3,846 3,967 3,946 3,696 3,842 3,822 3,739 3,511 3,652 3,716 3,677 3,440
Profitability Ratio
Gross profit margin1 38.03% 38.48% 38.96% 38.94% 38.62% 38.95% 38.66% 38.49% 38.56% 38.12% 37.98% 37.99% 37.98% 37.97% 38.01% 37.90% 37.72% — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q4 2021 Calculation
Gross profit margin = 100 × (Gross profitQ4 2021 + Gross profitQ3 2021 + Gross profitQ2 2021 + Gross profitQ1 2021) ÷ (Operating revenuesQ4 2021 + Operating revenuesQ3 2021 + Operating revenuesQ2 2021 + Operating revenuesQ1 2021)
= 100 × (1,723 + 1,759 + 1,740 + 1,598) ÷ (4,678 + 4,665 + 4,476 + 4,112) = 38.03%

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Waste Management Inc. gross profit margin ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Operating Profit Margin

Waste Management Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Income from operations 718 806 791 650 654 680 527 573 655 734 696 621 767 699 715 608 704 701 673 558
Operating revenues 4,678 4,665 4,476 4,112 4,067 3,861 3,561 3,729 3,846 3,967 3,946 3,696 3,842 3,822 3,739 3,511 3,652 3,716 3,677 3,440
Profitability Ratio
Operating profit margin1 16.54% 16.75% 16.80% 16.10% 15.99% 16.24% 16.48% 17.16% 17.51% 18.24% 18.18% 18.56% 18.70% 18.51% 18.66% 18.45% 18.20% — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q4 2021 Calculation
Operating profit margin = 100 × (Income from operationsQ4 2021 + Income from operationsQ3 2021 + Income from operationsQ2 2021 + Income from operationsQ1 2021) ÷ (Operating revenuesQ4 2021 + Operating revenuesQ3 2021 + Operating revenuesQ2 2021 + Operating revenuesQ1 2021)
= 100 × (718 + 806 + 791 + 650) ÷ (4,678 + 4,665 + 4,476 + 4,112) = 16.54%

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Waste Management Inc. operating profit margin ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Net Profit Margin

Waste Management Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net income attributable to Waste Management, Inc. 506 538 351 421 438 390 307 361 447 495 381 347 531 499 499 396 903 386 362 298
Operating revenues 4,678 4,665 4,476 4,112 4,067 3,861 3,561 3,729 3,846 3,967 3,946 3,696 3,842 3,822 3,739 3,511 3,652 3,716 3,677 3,440
Profitability Ratio
Net profit margin1 10.13% 10.09% 9.69% 9.97% 9.83% 10.04% 10.66% 10.87% 10.81% 11.35% 11.49% 12.42% 12.91% 15.60% 14.94% 14.06% 13.46% — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q4 2021 Calculation
Net profit margin = 100 × (Net income attributable to Waste Management, Inc.Q4 2021 + Net income attributable to Waste Management, Inc.Q3 2021 + Net income attributable to Waste Management, Inc.Q2 2021 + Net income attributable to Waste Management, Inc.Q1 2021) ÷ (Operating revenuesQ4 2021 + Operating revenuesQ3 2021 + Operating revenuesQ2 2021 + Operating revenuesQ1 2021)
= 100 × (506 + 538 + 351 + 421) ÷ (4,678 + 4,665 + 4,476 + 4,112) = 10.13%

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Waste Management Inc. net profit margin ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Return on Equity (ROE)

Waste Management Inc., ROE calculation (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net income attributable to Waste Management, Inc. 506 538 351 421 438 390 307 361 447 495 381 347 531 499 499 396 903 386 362 298
Total Waste Management, Inc. stockholders’ equity 7,124 7,172 7,352 7,427 7,452 7,155 6,891 6,743 7,068 6,785 6,466 6,415 6,275 6,239 6,054 6,044 6,019 5,278 5,486 5,517
Profitability Ratio
ROE1 25.49% 24.37% 21.76% 20.95% 20.08% 21.03% 23.36% 24.97% 23.63% 25.85% 27.19% 29.24% 30.68% 36.82% 36.08% 33.87% 32.38% — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q4 2021 Calculation
ROE = 100 × (Net income attributable to Waste Management, Inc.Q4 2021 + Net income attributable to Waste Management, Inc.Q3 2021 + Net income attributable to Waste Management, Inc.Q2 2021 + Net income attributable to Waste Management, Inc.Q1 2021) ÷ Total Waste Management, Inc. stockholders’ equity
= 100 × (506 + 538 + 351 + 421) ÷ 7,124 = 25.49%

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Waste Management Inc. ROE improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Return on Assets (ROA)

Waste Management Inc., ROA calculation (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Net income attributable to Waste Management, Inc. 506 538 351 421 438 390 307 361 447 495 381 347 531 499 499 396 903 386 362 298
Total assets 29,097 28,841 29,037 29,070 29,345 24,772 26,619 27,178 27,743 27,109 25,986 23,373 22,650 22,591 22,014 22,106 21,829 20,949 20,839 20,650
Profitability Ratio
ROA1 6.24% 6.06% 5.51% 5.35% 5.10% 6.08% 6.05% 6.20% 6.02% 6.47% 6.77% 8.03% 8.50% 10.17% 9.92% 9.26% 8.93% — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q4 2021 Calculation
ROA = 100 × (Net income attributable to Waste Management, Inc.Q4 2021 + Net income attributable to Waste Management, Inc.Q3 2021 + Net income attributable to Waste Management, Inc.Q2 2021 + Net income attributable to Waste Management, Inc.Q1 2021) ÷ Total assets
= 100 × (506 + 538 + 351 + 421) ÷ 29,097 = 6.24%

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Waste Management Inc. ROA improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.