WASTE MANAGEMENT INC (WM) closed fiscal year 2025 with a gross margin of 40.4 % and a net margin of 10.7 %.
WASTE MANAGEMENT INC (WM) closed fiscal year 2025 with a gross margin of 40.4 % and a net margin of 10.7 %. The same year shows an EBITDA margin of 28.5 % and an EBIT margin of 17.1 %. The free cash flow margin was 11.2 %. Against the previous year the gross margin moved +1.1 pp and the net margin −1.7 pp. Across the period the gross margin ranges between 34.8 % in 2013 and 45.2 % in 2010. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | 43.86 % | 45.23 % | 36.16 % | 34.95 % | 34.84 % | 35.68 % | 36.49 % | 37.64 % | 37.72 % | 37.98 % | 38.56 % | 38.62 % | 38.03 % | 37.59 % | 38.28 % | 39.34 % | 40.44 % |
| EBITDA margin (%) | — | 25.93 % | 25.89 % | 26.45 % | 24.35 % | 23.06 % | 17.25 % | 25.66 % | 25.38 % | 26.43 % | 27.70 % | 28.60 % | 27.69 % | 26.97 % | 27.68 % | 27.43 % | 27.64 % | 28.69 % | 28.45 % |
| EBIT margin (%) | 16.93 % | 16.69 % | 16.00 % | 16.91 % | 15.16 % | 13.56 % | 7.72 % | 16.43 % | 15.78 % | 16.87 % | 18.20 % | 18.70 % | 17.51 % | 15.99 % | 16.54 % | 17.08 % | 17.50 % | 18.42 % | 17.09 % |
| Net margin (%) | 8.74 % | 8.12 % | 8.43 % | 7.61 % | 7.18 % | 5.99 % | 0.70 % | 9.27 % | 5.81 % | 8.69 % | 13.46 % | 12.91 % | 10.81 % | 9.83 % | 10.13 % | 11.36 % | 11.28 % | 12.45 % | 10.74 % |
| FCF margin (%) | 9.23 % | 10.11 % | 10.03 % | 9.36 % | 8.56 % | 5.75 % | 8.50 % | 8.22 % | 10.02 % | 12.17 % | 11.13 % | 12.73 % | 13.32 % | 11.95 % | 12.82 % | 8.77 % | 8.93 % | 9.79 % | 11.17 % |
