Waste Connections's gross profit for the
three
months ended in Mar. 2023 was $754 Mil. Waste Connections's gross profit for the trailing twelve months (TTM) ended in Mar. 2023 was $2,973 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Waste Connections's gross profit for the
three
months ended in Mar. 2023 was $754 Mil. Waste Connections's Revenue for the
three
months ended in Mar. 2023 was $1,901 Mil. Therefore, Waste Connections's Gross Margin % for the quarter that ended in Mar. 2023 was 39.65%.
Waste Connections had a gross margin of 39.65% for the quarter that ended in Mar. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Waste Connections was 45.25%. The lowest was 39.83%. And the median was 41.69%.
Waste Connections Gross Profit Historical Data
The historical data trend for Waste Connections's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Waste Connections Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Gross Profit
2,057.24
2,189.92
2,169.18
2,497.29
2,875.85
Waste Connections Quarterly Data
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Gross Profit
656.74
728.54
759.24
731.33
753.56
Competitive Comparison
For the Waste Management subindustry, Waste Connections's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Waste Connections Gross Profit Distribution
For the Waste Management industry and Industrials sector, Waste Connections's Gross Profit distribution charts can be found below:
* The bar in red indicates where Waste Connections's Gross Profit falls in comparison to its industry or sector. The grey bar indicates the Gross Profit's extreme value range as defined by GuruFocus.
Waste Connections Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Waste Connections's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,973 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Waste Connections's Gross Margin % for the quarter that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Waste Connections had a gross margin of 39.65% for the quarter that ended in Mar. 2023 => Competition eroding margins
Waste Connections Gross Profit Related Terms
Thank you for viewing the detailed overview of Waste Connections's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 97 active landfills (12 are exploration and production waste landfills and 14 are nonmunicipal waste landfills), 142 transfer stations, and 71 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2021, 14% of consolidated revenue was generated from the firm's Canadian segment.
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