Return on Invested Capital (ROIC): 8.88%
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 8.88% is in line with its 5-year average of 8.88%, around the middle of its 5-year range (7.43%–9.96%).
As of Monday, June 29, 2026. 3.38% above its 12-month average of 8.59%.
WM Return on Invested Capital (ROIC) Chart
Annual fiscal-year return on invested capital; no daily interpolation.
WM Average Return on Invested Capital (ROIC) Chart
WM Current vs Average Return on Invested Capital (ROIC) Chart
WM Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
8.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
8.59%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
9.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
8.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
8.48%
CURRENT VS TTM AVG
+3.38%
CURRENT VS 3Y AVG
-3.43%
CURRENT VS 5Y AVG
+0.04%
CURRENT VS 10Y AVG
-4.27%
CURRENT VS 15Y AVG
+1.88%
CURRENT VS 20Y AVG
+4.74%
WM Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waste Management, Inc. (WM) | $89.70B | 8.88% | 8.59% | 9.20% | 8.88% |
| Automatic Data Processing, Inc. (ADP)vs › | $89.93B | 24.66% | 32.02% | 35.59% | 31.77% |
| CSX Corporation (CSX)vs › | $89.21B | 8.40% | 9.30% | 10.17% | 9.93% |
| Johnson Controls International plc (JCI)vs › | $85.70B | 8.68% | 7.82% | 7.36% | 6.62% |
| General Dynamics Corporation (GD)vs › | $94.13B | 10.58% | 10.30% | 9.74% | 9.56% |
| 3M Company (MMM)vs › | $84.72B | 11.53% | 12.46% | 10.54% | 11.94% |
| Cummins Inc. (CMI)vs › | $95.36B | 11.41% | 12.55% | 9.89% | 10.37% |
| United Parcel Service, Inc. (UPS)vs › | $80.64B | 10.40% | 11.21% | 13.32% | 13.95% |
| Emerson Electric Co. (EMR)vs › | $79.99B | 7.26% | 6.33% | 6.09% | 7.58% |
| Bloom Energy Corporation (BE)vs › | $78.22B | 1.89% | 1.48% | -6.32% | -6.80% |
Capital Efficiency
ROIC
8.9%
ROE
27.9%
Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Waste Management, Inc. (WM)?
- The return on invested capital (ROIC) for WM stock is 8.88%.
- Is Waste Management, Inc.'s return on invested capital (ROIC) high or low?
- The return on invested capital (ROIC) of 8.88% is in line with its 5-year average of 8.88%, around the middle of its 5-year range (7.43%–9.96%).
- What is the TTM average return on invested capital (ROIC) for Waste Management, Inc. (WM)?
- The TTM average return on invested capital (ROIC) for WM stock is 8.59%.
- What is the 3Y average return on invested capital (ROIC) for Waste Management, Inc. (WM)?
- The 3Y average return on invested capital (ROIC) for WM stock is 9.20%.
- What is the 5Y average return on invested capital (ROIC) for Waste Management, Inc. (WM)?
- The 5Y average return on invested capital (ROIC) for WM stock is 8.88%.
- What is the 10Y average return on invested capital (ROIC) for Waste Management, Inc. (WM)?
- The 10Y average return on invested capital (ROIC) for WM stock is 9.28%.
- What is the 15Y average return on invested capital (ROIC) for Waste Management, Inc. (WM)?
- The 15Y average return on invested capital (ROIC) for WM stock is 8.72%.
- What is the 20Y average return on invested capital (ROIC) for Waste Management, Inc. (WM)?
- The 20Y average return on invested capital (ROIC) for WM stock is 8.48%.
WM Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 8.88% |
| 2024-12-31 | 8.30% |
| 2023-12-31 | 9.96% |
| 2022-12-31 | 9.64% |
| 2021-12-31 | 9.05% |
| 2020-12-31 | 7.43% |
| 2019-12-31 | 8.81% |
| 2018-12-31 | 11.08% |
| 2017-12-31 | 12.07% |
| 2016-12-31 | 8.45% |
| 2015-12-31 | 8.37% |
| 2014-12-31 | 9.08% |
| 2013-12-31 | 2.69% |
| 2012-12-31 | 6.32% |
| 2011-12-31 | 6.79% |
| 2010-12-31 | 6.51% |
| 2009-12-31 | 7.65% |
| 2008-12-31 | 7.58% |
| 2007-12-31 | 8.54% |
| 2006-12-31 | 8.82% |
| 2005-12-31 | 9.82% |
| 2004-12-31 | 7.36% |
| 2003-12-31 | 5.53% |
| 2002-12-31 | 6.50% |
| 2001-12-31 | 5.04% |
| 2000-12-31 | -3.43% |
| 1999-12-31 | 7.24% |
| 1998-12-31 | 13.21% |
| 1997-12-31 | 6.58% |
| 1996-12-31 | 4.90% |
Related Metrics
About Waste Management, Inc.
Waste Management, Inc. (WM) functions as a premier provider of environmental waste solutions across North America, serving a diverse client base that includes residential, commercial, industrial, and municipal customers. The company's core operations involve comprehensive collection services, which include gathering and transporting both waste materials and recyclables from their initial point of generation to designated transfer stations, material recovery facilities (MRFs), or final disposal sites. Waste Management maintains an extensive network of facilities, owning, developing, and operating landfill gas-to-energy plants within the United States, in addition to managing numerous transfer stations. As of December 31, 2021, its substantial infrastructure consisted of 255 solid waste landfills, 5 secure hazardous waste landfills, 96 material recovery facilities, and 340 transfer stations. Beyond primary collection and disposal, WM offers services in materials processing and commodities recycling. This extends to recycling brokerage, where they handle the marketing of recyclable goods for third-party entities, alongside providing various other strategic business solutions. Its service portfolio also encompasses construction and remediation projects, the responsible management of fly ash and other residues generated from coal and fuel combustion, and specialized in-plant services offering full-spectrum waste management consulting. Furthermore, the company delivers tailored disposal solutions for oil and gas exploration and production activities. Originally incorporated in 1987 as USA Waste Services, Inc., the company rebranded to Waste Management, Inc. in 1998. Its corporate headquarters are situated in Houston, Texas.
- Sector
- Industrials
- Industry
- Waste Management
- CEO
- James C. Fish Jr.