Waste ManagementXSWX:WM 87 3-Year ROIIC % is 7.46 as of Dec. 2025, which is 4% above its 10-year median of 7.20. GuruFocus rates XSWX:WM with a GF Score™ of 87/100 and a GF Value™ of CHF192.57. The stock has 4 warning signs investors should review. Among 232 Waste Management companies, Waste Management ranks better than 61.64% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Waste Management's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 7.46%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Waste Management's 3-Year ROIIC % or its related term are showing as below:
XSWX:WM's 3-Year ROIIC % is ranked better than 61.64% of 232
companies
in the Waste Management industry
Industry Median: 3.175
vs XSWX:WM: 7.46
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Waste Management 3-Year ROIIC % Related Terms
Waste Management 3-Year ROIIC % Historical Data
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The historical data trend for Waste Management's 3-Year ROIIC % 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.
For the Waste Management subindustry, Waste Management's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 Management 3-Year ROIIC % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Management's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Waste Management's 3-Year ROIIC % falls into.
Waste Management's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 3642.7549 (Dec. 2025) - 2631.3328 (Dec. 2022) )
/
( 42371 (Dec. 2025) - 28819 (Dec. 2022) )
=
1011.4221
/
13552
=
7.46%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Waste Management (XSWX:WM) has a 3-Year ROIIC % of 7.46 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Waste Management and its competitors. This is near median its historical median of 7.20. According to the industry distribution chart, Waste Management ranks #89 out of 232 companies in the Waste Management industry, placing it in the top 38.4%.
Is Waste Management's 3-Year ROIIC % too high?
Waste Management's current 3-Year ROIIC % of 7.46 is near median its 10-year median of 7.20. The Waste Management industry median 3-Year ROIIC % is 3.18. Waste Management's value of 7.46 is 135% above this industry median. Based on the distribution chart, Waste Management ranks #89 out of 232 companies in the Waste Management industry, which is above the industry midpoint. Overall, Waste Management has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Waste Management's 3-Year ROIIC % compare to ?
According to the Waste Management industry distribution chart, Waste Management ranks #89 out of 232 companies for 3-Year ROIIC %. This puts Waste Management in the upper half of its industry. The industry median 3-Year ROIIC % is 3.18. Waste Management's value of 7.46 is 135% above this benchmark. While the company's 10-year median is 7.20 vs. the industry median of 3.18, Waste Management has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Waste Management company?
The median 3-Year ROIIC % among Waste Management companies is 3.18, based on 232 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Management's current 3-Year ROIIC % of 7.46 is 135% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Waste Management and its competitors. For the Waste Management industry, the median 3-Year ROIIC % is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Management's current 3-Year ROIIC % is 7.46, which is near median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Management stock overvalued right now?
Waste Management (XSWX:WM) has a current 3-Year ROIIC % of 7.46. The stock's GF Value™ is CHF192.57, compared to a current price of CHF180.70 — trading 6.2% below its estimated fair value. The current 3-Year ROIIC % is 7.46, which is near median its 10-year median of 7.20 and 135% above the Waste Management industry median of 3.18. Waste Management's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Waste Management (XSWX:WM), the current 3-Year ROIIC % is 7.46 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Waste Management (XSWX:WM) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Management stock appears to be undervalued.
The current stock price of CHF180.70 is trading 6.2% below its estimated GF Value™ of CHF192.57.
Key valuation signals for XSWX:WM:
3-Year ROIIC %: 7.46 (near median its 10-year median of 7.20)
GF Value™: CHF192.57 vs. price of CHF180.70 (6.2% below fair value)
Industry Position: 135% above the Waste Management median (#89 of 232)
No single metric tells the full story. See the XSWX:WM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically. The company serves residential, commercial, industrial, and medical end markets for waste collection, transfer, and disposal. The company also has an energy business emanating from the beneficial use of landfill gas and is a leading recycler in North America.
87GF Score
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