Company / Operating Margin
Waste Management Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
17.1%
FY2025
5-year range
16.5% / 18.4%
FY2021-FY2025
Trend
-7.2%
vs FY2024
Sector context
#66 of 304
Industrials
What the data says
Waste Management's operating margin of 17.1% is higher than 78% of companies in the Industrials sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 16.4% in FY2016 to 76.6% in FY2017.
Based on SEC 10-K filings.
17.1% in FY2025 with a 5-year CAGR of -1.6%. Top quartile in the Industrials sector.
Improved from 16.5% to 17.1% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +0.0pp
- 5-Year Change
- -1.6pp
- 10-Year Change
- -
Sector benchmark
+102.0% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 7.2% year-over-year.
- Currently 859.9pp above the Industrials sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2016.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 26.9%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 17.1% | -7.2% |
| FY2024 | 18.4% | +11.4% |
| FY2023 | 16.5% | -3.2% |
| FY2022 | 17.1% | +3.3% |
| FY2021 | 16.5% | -11.6% |
| FY2020 | 18.7% | +2.7% |
| FY2019 | 18.2% | +7.9% |
| FY2018 | 16.9% | -78.0% |
| FY2017 | 76.6% | +366.4% |
| FY2016 | 16.4% | +112.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026