Automatic Data Processing, Inc. (ADP) vs Waste Management, Inc. (WM)

ADP leads on 10 of 17 compared metrics.

A side-by-side comparison of Automatic Data Processing, Inc. and Waste Management, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 29, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — ADP vs WM

growth of $100 · last 30y
ADP +1359.2%WM +664.5%ADP compounded faster
05001k2k2kStart $100200120062011201620212026$1,459$765
ADP WM

ADP vs WM: by the numbers

  • WM is the larger company ($90.57B vs $89.36B market cap).
  • ADP trades at the lower earnings multiple (20.83 vs 32.64 P/E).
  • ADP converts more revenue to profit (20.12% vs 10.99% net margin).
  • WM grew revenue faster over the past five years (10.25% vs 8.08% CAGR).
  • ADP pays the higher dividend yield (3.04% vs 1.68%).

Which is better, ADP or WM?

Metric tally: ADP 10 · WM 7

It depends on what you're optimizing for:

ValueADP(lower P/E)
GrowthWM(faster 5Y revenue CAGR)
IncomeADP(higher dividend yield)
QualityADP(higher ROIC)

Metrics side by side

Valuation

MetricADPWM
P/E ratio20.8332.64
Forward P/E20.1924.48
P/S ratio4.163.59
P/B ratio14.169.10
PEG ratio3.202.39
EV / EBITDA19.6314.85
FCF yield5.73%3.61%

Profitability

MetricADPWM
Gross margin47.48%32.06%
Operating margin19.20%18.46%
Net margin20.12%10.99%
ROE68.43%27.88%
ROIC24.66%8.88%

Dividends

MetricADPWM
Dividend yield3.04%1.68%
Payout ratio67.86%56.25%

Growth (annualized)

MetricADPWM
Revenue CAGR (5Y)8.08%10.25%
EPS CAGR (5Y)11.83%13.68%
FCF CAGR (5Y)14.52%7.28%
Total return CAGR (5Y)4.79%11.87%

Frequently asked

Which is better, ADP or WM?
It depends on your goal. value: ADP (lower P/E); growth: WM (faster 5Y revenue CAGR); income: ADP (higher dividend yield); quality: ADP (higher ROIC). Across all compared metrics, ADP leads 10 to 7.
Is ADP or WM cheaper?
On trailing earnings, ADP is cheaper: ADP trades at a 20.83 P/E and WM at 32.64.
Which has grown faster, ADP or WM?
Over the past five years, WM grew revenue faster — ADP at a 8.08% CAGR versus WM at 10.25%.
Does ADP or WM pay a bigger dividend?
ADP yields 3.04% and WM yields 1.68% based on trailing dividends and the latest price.
Is ADP or WM more profitable?
ADP runs the higher net margin — ADP at 20.12% versus WM at 10.99%.
Which has been the better investment, ADP or WM?
Over the past 10-year, WM delivered the higher annualized total return — ADP at 12.37% versus WM at 15.53%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 29, 2026.