Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Waste Management Inc., profitability ratios (quarterly data)
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)
| 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% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 46.58% | 45.84% | 45.84% | 45.73% | 45.64% | 46.14% | 46.00% | 45.72% | 45.39% | — | — | — | — | — | — | — | — | — | — | — | ||||||
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%
2 Click competitor name to see calculations.
| 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)
| 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% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 19.47% | 17.92% | 17.66% | 17.18% | 16.41% | 17.49% | 17.29% | 16.76% | 16.45% | — | — | — | — | — | — | — | — | — | — | — | ||||||
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%
2 Click competitor name to see calculations.
| 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)
| 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% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 15.61% | 14.32% | 13.90% | 13.18% | 12.36% | 13.19% | 12.99% | 13.18% | 12.84% | — | — | — | — | — | — | — | — | — | — | — | ||||||
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%
2 Click competitor name to see calculations.
| 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)
| 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% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 30.13% | 25.88% | 26.79% | 25.67% | 27.08% | 28.81% | 29.84% | 30.26% | 29.47% | — | — | — | — | — | — | — | — | — | — | — | ||||||
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%
2 Click competitor name to see calculations.
| 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)
| 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% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 13.49% | 11.83% | 11.40% | 11.50% | 11.42% | 12.12% | 11.75% | 12.05% | 11.90% | — | — | — | — | — | — | — | — | — | — | — | ||||||
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%
2 Click competitor name to see calculations.
| 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. |