Waste Management, Inc. stock research
FY2024 Q4
Waste Management (WM) Gross Margin — Quarter Ended Dec 31, 2024
Revenue, gross profit, and cost of revenue all increased for the quarter. Gross margin improved slightly compared to the prior quarter and remained stable compared to the same quarter last year.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue, gross profit, and cost of revenue all increased for the quarter. Gross margin improved slightly compared to the prior quarter and remained stable compared to the same quarter last year.
- The gross margin remained stable year-over-year and improved slightly sequentially, reflecting that revenue and cost of revenue increased at similar rates.
- Compared to the previous quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was unchanged.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
39.7%
Gross profit
$2.3B
Revenue
$5.9B
Cost of revenue
$3.6B
Quarter-over-quarter change
+0.3 pts
Year-over-year change
+0.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $5.2B | $2.0B | $3.1B | 39.1% |
| Jun 30, 2024 | $5.4B | $2.1B | $3.3B | 39.1% |
| Sep 30, 2024 | $5.6B | $2.2B | $3.4B | 39.4% |
| Dec 31, 2024 | $5.9B | $2.3B | $3.6B | 39.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
+0.3 pts
Year-over-year change
Dec 31, 2023
+0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin remained stable year-over-year and improved slightly sequentially, reflecting that revenue and cost of revenue increased at similar rates.
Compared to the previous quarter, gross margin was higher. Compared to the same quarter one year earlier, gross margin was unchanged.
Monitor the company's liquidity and capital resources as discussed in the filing, which support ongoing operations.