RSG · Republic Services, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $19.03B | $18.42B | $17.28B | $15.65B | $13.32B | $12.03B |
| Cost of Revenue | $9.63B | $9.35B | $8.94B | $8.21B | $6.74B | $6.10B |
| Gross Profit | $9.40B | $9.07B | $8.34B | $7.44B | $6.58B | $5.93B |
| R&D | - | - | - | - | - | - |
| SG&A | $1.71B | $1.67B | $1.61B | $1.45B | $1.20B | $1.05B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $1.81B | $1.68B | $1.50B | $1.35B | $1.19B | $1.08B |
| Operating Income | $3.30B | $3.20B | $2.78B | $2.39B | $2.08B | $1.71B |
| Interest Expense | $574.00M | $539.00M | $508.20M | $395.60M | $314.60M | $355.60M |
| Income Tax | $455.00M | $388.00M | $460.10M | $343.90M | $282.80M | $173.10M |
| Net Income | $2.14B | $2.04B | $1.73B | $1.49B | $1.29B | $967.24M |
| EPS - Basic | $6.86 | $6.50 | $5.47 | $4.70 | $4.05 | $3.03 |
| EPS - Diluted | $6.85 | $6.49 | $5.47 | $4.69 | $4.04 | $3.02 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $76.00M | $74.00M | $140.00M | $143.40M | $29.00M | $38.20M |
| Accounts Receivable | $1.90B | $1.82B | $1.77B | $1.68B | $1.27B | $1.09B |
| Inventory | $106.00M | $98.00M | $97.30M | $96.60M | $72.20M | $59.10M |
| Accounts Payable | $1.37B | $1.34B | $1.41B | $1.22B | $910.00M | $779.00M |
| Current Assets | $2.52B | $2.41B | $2.38B | $2.36B | $1.71B | $1.52B |
| Total Assets | $34.37B | $32.40B | $31.41B | $29.05B | $24.95B | $23.43B |
| Current Liabilities | $3.93B | $4.13B | $4.23B | $3.39B | $2.42B | $2.28B |
| Long-term Debt | $13.71B | $12.84B | $12.82B | $11.90B | $9.68B | $9.05B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $11.97B | $11.40B | $10.54B | $9.69B | $8.98B | $8.48B |
| Retained Earnings | $11.16B | $9.77B | $8.43B | $7.36B | $6.48B | $5.75B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.30B | $3.94B | $3.62B | $3.19B | $2.79B | $2.47B |
| Investing Cash Flow | ($3.31B) | ($2.56B) | ($3.67B) | ($4.42B) | ($2.47B) | ($1.92B) |
| Financing Cash Flow | ($938.00M) | ($1.40B) | $61.90M | $1.34B | ($329.20M) | ($612.00M) |
| CapEx | $1.89B | $1.85B | $1.63B | $1.45B | $1.32B | $1.19B |
| Free Cash Flow | $2.41B | $2.08B | $1.99B | $1.74B | $1.47B | $1.28B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 49.4% | 49.2% | 48.2% | 47.6% | 49.4% | 49.3% |
| Operating margin | 17.4% | 17.4% | 16.1% | 15.3% | 15.6% | 14.2% |
| EBITDA margin | 26.9% | 26.5% | 24.8% | 23.9% | 24.5% | 23.1% |
| Net margin | 11.2% | 11.1% | 10.0% | 9.5% | 9.7% | 8.0% |
| Free cash flow margin | 12.7% | 11.3% | 11.5% | 11.1% | 11.0% | 10.6% |
| FCF / Net income | 1.13 | 1.02 | 1.15 | 1.17 | 1.14 | 1.32 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.0% | 9.1% | 9.3% | 9.3% | 9.0% | 8.8% |
| Effective tax rate | 17.5% | 16.0% | 21.0% | 18.8% | 18.0% | 15.2% |
| Return on assets | 6.2% | 6.3% | 5.5% | 5.1% | 5.2% | 4.1% |
| Return on equity | 17.9% | 17.9% | 16.4% | 15.4% | 14.4% | 11.4% |
| Return on invested capital | 10.6% | 11.1% | 9.4% | 9.0% | 9.1% | 8.3% |
| Liquidity | ||||||
| Current ratio | 0.64 | 0.58 | 0.56 | 0.70 | 0.71 | 0.67 |
| Quick ratio | 0.62 | 0.56 | 0.54 | 0.67 | 0.68 | 0.64 |
| Cash ratio | 0.02 | 0.02 | 0.03 | 0.04 | 0.01 | 0.02 |
| Leverage | ||||||
| Debt / Equity | 1.15 | 1.13 | 1.22 | 1.23 | 1.08 | 1.07 |
| Debt / Assets | 0.40 | 0.40 | 0.41 | 0.41 | 0.39 | 0.39 |
| Debt / EBITDA | 2.68 | 2.63 | 2.99 | 3.18 | 2.97 | 3.25 |
| Interest coverage | 5.8x | 5.9x | 5.5x | 6.0x | 6.6x | 4.8x |
| Equity multiplier | 2.87 | 2.84 | 2.98 | 3.00 | 2.78 | 2.76 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.55 | 0.57 | 0.55 | 0.54 | 0.53 | 0.51 |
| Inventory turnover | 90.85 | 95.41 | 91.90 | 84.94 | 93.32 | 103.22 |
| Days sales outstanding | 36d | 36d | 37d | 39d | 35d | 33d |
| Days inventory outstanding | 4d | 4d | 4d | 4d | 4d | 4d |
| Days payable outstanding | 52d | 53d | 58d | 54d | 49d | 47d |
| Cash conversion cycle | -12d | -13d | -16d | -11d | -11d | -10d |
| Valuation | ||||||
| P / E | 30.9x | 31.0x | 30.1x | 27.5x | 34.5x | 31.9x |
| P / B | 5.5x | 5.6x | 5.0x | 4.2x | 5.0x | 3.6x |
| P / S | 3.5x | 3.4x | 3.0x | 2.6x | 3.3x | 2.6x |
| EV / EBITDA | 15.6x | 15.6x | 15.2x | 14.1x | 16.6x | 14.3x |
| Growth | ||||||
| Revenue growth (YoY) | 3.3% | 6.6% | 10.4% | 17.4% | 10.7% | -1.3% |
| Revenue CAGR (3y) | 6.7% | 11.4% | 12.8% | 8.7% | 3.3% | 6.2% |
| Revenue CAGR (5y) | 9.6% | 8.6% | 7.4% | 9.3% | - | 1.2% |
| Gross profit growth (YoY) | 3.6% | 8.8% | 12.0% | 13.0% | 11.0% | 0.6% |
| Operating income growth (YoY) | 3.3% | 15.0% | 16.2% | 15.2% | 21.5% | -4.4% |
| Net income growth (YoY) | 4.7% | 18.0% | 16.4% | 15.3% | 33.4% | -9.9% |
| EPS growth (YoY) | 5.5% | 18.6% | 16.6% | 16.1% | 33.8% | -9.3% |
| EPS CAGR (3y) | 13.5% | 17.1% | 21.9% | 12.1% | 8.5% | -7.1% |
| EPS CAGR (5y) | 17.8% | 14.3% | 11.6% | 4.5% | - | 11.2% |
| FCF growth (YoY) | 15.8% | 4.7% | 14.4% | 18.1% | 15.1% | 11.5% |
| FCF CAGR (5y) | 13.5% | 12.7% | 11.2% | 13.5% | - | 6.8% |
| Book value growth (YoY) | 4.9% | 8.2% | 8.8% | 7.9% | 5.8% | 4.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$31.42B totalRecycling And Solid Waste Segments$14.82B · 47.2%
Group1 Segment$7.51B · 23.9%
Group2 Segment$7.32B · 23.3%
Group3 Segment$1.77B · 5.6%
Product / service
$30.98B totalCollection Service Line$11.23B · 36.3%
Collection Service Line Smallcontainer$5.05B · 16.3%
Landfill Service Line$3.20B · 10.3%
Collection Service Line Largecontainer$3.10B · 10.0%
Collection Service Line Residential$3.01B · 9.7%
Transfer Service Line$1.83B · 5.9%
Environmental Solutions Service Line$1.83B · 5.9%
Other Service Line$824.00M · 2.7%
Other Service Line Sale Of Recycled Commodities$433.00M · 1.4%
Other Service Line Other Noncore$391.00M · 1.3%
Collection Service Line Other$70.00M · 0.2%
Geographic
$188.00M totalCA$188.00M · 100.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Refuse Systems
Comparing REPUBLIC SERVICES against the 5 most active filers in the same SIC group.
Dividends
$2.46/share trailing 12 months · +7.9% YoY
| Ex-date | Per share |
|---|---|
| Apr 2, 2026 | $0.6250 |
| Jan 2, 2026 | $0.6250 |
| Oct 2, 2025 | $0.6250 |
| Jul 2, 2025 | $0.5800 |
| Apr 2, 2025 | $0.5800 |
| Jan 2, 2025 | $0.5800 |
| Oct 2, 2024 | $0.5800 |
| Jul 2, 2024 | $0.5350 |
| Apr 1, 2024 | $0.5350 |
| Dec 29, 2023 | $0.5350 |
| Sep 29, 2023 | $0.5350 |
| Jun 30, 2023 | $0.4950 |
| Mar 31, 2023 | $0.4950 |
| Dec 30, 2022 | $0.4950 |
| Sep 30, 2022 | $0.4950 |
| Jun 30, 2022 | $0.4600 |
| Mar 31, 2022 | $0.4600 |
| Dec 31, 2021 | $0.4600 |
| Sep 30, 2021 | $0.4600 |
| Jun 30, 2021 | $0.4250 |
| Mar 31, 2021 | $0.4250 |
| Dec 31, 2020 | $0.4250 |
| Sep 30, 2020 | $0.4250 |
| Jun 30, 2020 | $0.4050 |