Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 18.54% is in line with its 5-year average of 18.06%, around the middle of its 5-year range (15.41%–20.09%).
0.13% above its 12-month average of 18.52%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 18.75%.
OPERATING MARGIN
18.54%
OPERATING MARGIN AVG TTM
18.52%
OPERATING MARGIN AVG 3Y
18.92%
OPERATING MARGIN AVG 5Y
18.06%
OPERATING MARGIN AVG 10Y
17.83%
OPERATING MARGIN AVG 15Y
16.97%
OPERATING MARGIN AVG 20Y
16.81%
CURRENT VS TTM AVG
+0.13%
CURRENT VS 3Y AVG
-2.01%
CURRENT VS 5Y AVG
+2.68%
CURRENT VS 10Y AVG
+3.97%
CURRENT VS 15Y AVG
+9.23%
CURRENT VS 20Y AVG
+10.31%
SECTOR MEDIAN · INDUSTRIALS
11.95%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+55.21%
vs the sector median at left
Waste Management, Inc.
Market Cap
$82.85B
Operating Margin
18.54%
TTM Avg
18.52%
3Y Avg
18.92%
5Y Avg
18.06%
Market Cap
$80.40B
Operating Margin
23.14%
TTM Avg
22.98%
3Y Avg
21.99%
5Y Avg
21.27%
Market Cap
$78.91B
Operating Margin
7.31%
TTM Avg
9.21%
3Y Avg
10.43%
5Y Avg
10.75%
Market Cap
$78.39B
Operating Margin
26.50%
TTM Avg
26.55%
3Y Avg
25.49%
5Y Avg
24.82%
Market Cap
$88.24B
Operating Margin
20.11%
TTM Avg
17.42%
3Y Avg
17.53%
5Y Avg
16.97%
Market Cap
$76.82B
Operating Margin
11.24%
TTM Avg
2.58%
3Y Avg
-8.07%
5Y Avg
-9.18%
Market Cap
$75.58B
Operating Margin
36.84%
TTM Avg
36.40%
3Y Avg
36.38%
5Y Avg
38.09%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waste Management, Inc. (WM) | $82.85B | 18.54% | 18.52% | 18.92% | 18.06% |
| Cintas Corporation (CTAS)vs › | $80.40B | 23.14% | 22.98% | 21.99% | 21.27% |
| CSX Corporation (CSX)vs › | $86.72B | 34.15% | 34.49% | 36.59% | 38.09% |
| 3M Company (MMM)vs › | $86.78B | 19.01% | 19.18% | 16.68% | 18.27% |
| United Parcel Service, Inc. (UPS)vs › | $78.91B | 7.31% | 9.21% | 10.43% | 10.75% |
| Illinois Tool Works Inc. (ITW)vs › | $78.39B | 26.50% | 26.55% | 25.49% | 24.82% |
| Emerson Electric Co. (EMR)vs › | $88.24B | 20.11% | 17.42% | 17.53% | 16.97% |
| Bloom Energy Corporation (BE)vs › | $76.82B | 11.24% | 2.58% | -8.07% | -9.18% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $75.58B | 36.84% | 36.40% | 36.38% | 38.09% |
| General Dynamics Corporation (GD)vs › | $90.79B | 10.32% | 10.12% | 10.24% | 10.45% |
Gross Margin
35.0%
Operating Margin
18.5%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 18.75% |
| 2026-03-31 | 17.87% |
| 2025-12-31 | 18.63% |
| 2025-09-30 | 18.87% |
| 2025-06-30 | 18.46% |
| 2025-03-31 | 17.08% |
| 2024-12-31 | 15.97% |
| 2024-09-30 | 20.09% |
| 2024-06-30 | 19.75% |
| 2024-03-31 | 19.65% |
| 2023-12-31 | 19.78% |
| 2023-09-30 | 19.64% |
| 2023-06-30 | 18.46% |
| 2023-03-31 | 16.86% |
| 2022-12-31 | 16.41% |
| 2022-09-30 | 18.58% |
| 2022-06-30 | 17.70% |
| 2022-03-31 | 16.84% |
| 2021-12-31 | 15.41% |
| 2021-09-30 | 16.57% |
| 2021-06-30 | 17.76% |
| 2021-03-31 | 16.25% |
| 2020-12-31 | 15.27% |
| 2020-09-30 | 17.97% |
| 2020-06-30 | 16.57% |
| 2020-03-31 | 15.37% |
| 2019-12-31 | 17.99% |
| 2019-09-30 | 18.55% |
| 2019-06-30 | 17.82% |
| 2019-03-31 | 16.86% |
| 2018-12-31 | 18.82% |
| 2018-09-30 | 19.05% |
| 2018-06-30 | 18.11% |
| 2018-03-31 | 17.29% |
| 2017-12-31 | 8.13% |
| 2017-09-30 | 19.05% |
| 2017-06-30 | 18.44% |
| 2017-03-31 | 16.16% |
| 2016-12-31 | 17.98% |
| 2016-09-30 | 18.77% |
| 2016-06-30 | 17.84% |
| 2016-03-31 | 15.99% |
| 2015-12-31 | 15.47% |
| 2015-09-30 | 17.89% |
| 2015-06-30 | 15.14% |
| 2015-03-31 | 14.47% |
| 2014-12-31 | 21.88% |
| 2014-09-30 | 15.16% |
| 2014-06-30 | 14.94% |
| 2014-03-31 | 13.81% |
| 2013-12-31 | -11.71% |
| 2013-09-30 | 15.93% |
| 2013-06-30 | 14.46% |
| 2013-03-31 | 12.05% |
| 2012-12-31 | 14.09% |
| 2012-09-30 | 14.45% |
| 2012-06-30 | 13.47% |
| 2012-03-31 | 12.17% |
| 2011-12-31 | 16.21% |
| 2011-09-30 | 15.42% |
| 2011-06-30 | 15.12% |
| 2011-03-31 | 13.76% |
| 2010-12-31 | 18.01% |
| 2010-09-30 | 16.82% |
| 2010-06-30 | 18.56% |
| 2010-03-31 | 14.04% |
| 2009-12-31 | 15.17% |
| 2009-09-30 | 17.37% |
| 2009-06-30 | 18.09% |
| 2009-03-31 | 13.24% |
| 2008-12-31 | 14.77% |
| 2008-09-30 | 17.93% |
| 2008-06-30 | 18.11% |
| 2008-03-31 | 15.65% |
| 2007-12-31 | 17.11% |
| 2007-09-30 | 16.60% |
| 2007-06-30 | 18.85% |
| 2007-03-31 | 15.09% |
| 2006-12-31 | 14.38% |
| 2006-09-30 | 16.19% |
| 2006-06-30 | 16.57% |
| 2006-03-31 | 13.47% |
| 2005-12-31 | 14.80% |
| 2005-09-30 | 11.32% |
| 2005-06-30 | 14.08% |
| 2005-03-31 | 12.05% |
| 2004-12-31 | 13.97% |
| 2004-09-30 | 14.20% |
| 2004-06-30 | 14.09% |
| 2004-03-31 | 11.88% |
| 2003-12-31 | 14.86% |
| 2003-09-30 | 14.62% |
| 2003-06-30 | 13.21% |
| 2003-03-31 | 10.27% |
| 2002-12-31 | 13.62% |
| 2002-09-30 | 16.06% |
