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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.70B | - | $4.83B | $4.88B | $4.59B | - | $4.68B | $4.66B | $4.44B | - |
| Cost of Revenue | $2.37B | - | $2.46B | $2.45B | $2.31B | - | $2.37B | $2.38B | $2.28B | - |
| Gross Profit | $2.33B | - | $2.36B | $2.43B | $2.28B | - | $2.31B | $2.28B | $2.16B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $425.00M | - | $422.00M | $425.00M | $427.00M | - | $406.00M | $407.60M | $414.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $461.00M | - | $459.00M | $463.00M | $434.00M | - | $422.00M | $413.00M | $399.20M | - |
| Operating Income | $830.00M | - | $836.00M | $861.00M | $804.00M | - | $845.90M | $813.80M | $732.80M | - |
| Interest Expense | $151.00M | - | $143.00M | $145.00M | $139.00M | - | $138.20M | $124.40M | $139.30M | - |
| Income Tax | $131.00M | - | $95.00M | $170.00M | $170.00M | - | $80.60M | $142.10M | $145.20M | - |
| Net Income | $525.26M | - | $549.67M | $549.90M | $495.00M | - | $565.67M | $511.54M | $453.79M | - |
| EPS - Basic | $1.70 | - | $1.76 | $1.76 | $1.58 | - | $1.80 | $1.62 | $1.44 | - |
| EPS - Diluted | $1.70 | - | $1.76 | $1.75 | $1.58 | - | $1.80 | $1.62 | $1.44 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $118.00M | $76.00M | $84.00M | $122.00M | $83.00M | $74.00M | $83.40M | $490.60M | $91.60M | $140.00M |
| Accounts Receivable | $1.92B | $1.90B | $1.90B | $1.88B | $1.85B | $1.82B | $1.85B | $1.82B | $1.76B | $1.77B |
| Inventory | $114.00M | $106.00M | $103.00M | $104.00M | $102.00M | $98.00M | $97.70M | $99.90M | $101.40M | $97.30M |
| Accounts Payable | $1.20B | $1.37B | $1.25B | $1.20B | $1.15B | $1.34B | $1.23B | $1.29B | $1.18B | $1.41B |
| Current Assets | $2.51B | $2.52B | $2.48B | $2.42B | $2.32B | $2.41B | $2.35B | $2.66B | $2.27B | $2.38B |
| Total Assets | $34.60B | $34.37B | $33.79B | $33.40B | $33.10B | $32.40B | $31.81B | $31.93B | $31.38B | $31.41B |
| Current Liabilities | $3.74B | $3.93B | $4.26B | $3.65B | $3.49B | $4.13B | $3.64B | $4.53B | $4.33B | $4.23B |
| Long-term Debt | - | $13.71B | - | - | - | $12.84B | - | - | - | $12.82B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $11.98B | $11.97B | $11.87B | $12.05B | $11.66B | $11.40B | $11.23B | $11.01B | $10.82B | $10.54B |
| Retained Earnings | $11.49B | $11.16B | $10.81B | $10.46B | $10.09B | $9.77B | $9.44B | $9.06B | $8.72B | $8.43B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.23B | - | - | - | $1.02B | - | - | - | $811.50M | - |
| Investing Cash Flow | ($910.00M) | - | - | - | ($1.29B) | - | - | - | ($678.90M) | - |
| Financing Cash Flow | ($238.00M) | - | - | - | $284.00M | - | - | - | ($201.20M) | - |
| CapEx | $476.00M | - | - | - | $459.00M | - | $453.70M | $403.40M | $514.50M | - |
| Free Cash Flow | $751.00M | - | - | - | $566.00M | - | - | - | $297.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 49.6% | - | 49.0% | 49.8% | 49.6% | - | 49.4% | 48.9% | 48.6% | - |
| Operating margin | 17.7% | - | 17.3% | 17.6% | 17.5% | - | 18.1% | 17.5% | 16.5% | - |
| EBITDA margin | 27.5% | - | 26.8% | 27.1% | 27.0% | - | 27.1% | 26.3% | 25.5% | - |
| Net margin | 11.2% | - | 11.4% | 11.3% | 10.8% | - | 12.1% | 11.0% | 10.2% | - |
| Free cash flow margin | 16.0% | - | - | - | 12.3% | - | - | - | 6.7% | - |
| FCF / Net income | 1.43 | - | - | - | 1.14 | - | - | - | 0.65 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.0% | - | 8.7% | 8.7% | 9.3% | - | 8.7% | 8.7% | 9.3% | - |
| Effective tax rate | 20.0% | - | 14.7% | 23.6% | 25.6% | - | 12.5% | 21.7% | 24.2% | - |
| Return on assets | 1.5% | - | 1.6% | 1.6% | 1.5% | - | 1.8% | 1.6% | 1.4% | - |
| Return on equity | 4.4% | - | 4.6% | 4.6% | 4.2% | - | 5.0% | 4.6% | 4.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.67 | 0.64 | 0.58 | 0.66 | 0.66 | 0.58 | 0.64 | 0.59 | 0.53 | 0.56 |
| Quick ratio | 0.64 | 0.62 | 0.56 | 0.63 | 0.64 | 0.56 | 0.62 | 0.56 | 0.50 | 0.54 |
| Cash ratio | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.11 | 0.02 | 0.03 |
| Leverage | ||||||||||
| Debt / Equity | - | 1.15 | - | - | - | 1.13 | - | - | - | 1.22 |
| Debt / Assets | - | 0.40 | - | - | - | 0.40 | - | - | - | 0.41 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 5.5x | - | 5.8x | 5.9x | 5.8x | - | 6.1x | 6.5x | 5.3x | - |
| Equity multiplier | 2.89 | 2.87 | 2.85 | 2.77 | 2.84 | 2.84 | 2.83 | 2.90 | 2.90 | 2.98 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.14 | 0.15 | 0.14 | - | 0.15 | 0.15 | 0.14 | - |
| Inventory turnover | 20.75 | - | 23.91 | 23.55 | 22.69 | - | 24.23 | 23.85 | 22.52 | - |
| Days sales outstanding | 149d | - | 144d | 141d | 147d | - | 144d | 142d | 145d | - |
| Days inventory outstanding | 18d | - | 15d | 16d | 16d | - | 15d | 15d | 16d | - |
| Days payable outstanding | 185d | - | 185d | 179d | 182d | - | 189d | 197d | 189d | - |
| Cash conversion cycle | -18d | - | -26d | -23d | -19d | - | -30d | -39d | -27d | - |
| Valuation | ||||||||||
| P / E | 128.8x | - | 130.4x | 140.9x | 153.3x | - | 111.6x | 120.0x | 132.9x | - |
| P / B | 5.7x | - | 6.0x | 6.4x | 6.5x | - | 5.6x | 5.6x | 5.6x | - |
| P / S | 14.4x | - | 14.8x | 15.8x | 16.5x | - | 13.5x | 13.1x | 13.6x | - |
| EV / EBITDA | 52.4x | - | 55.2x | 58.3x | 61.2x | - | 49.7x | 49.5x | 53.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.3% | - | 3.1% | 4.7% | 3.5% | - | 6.0% | 7.9% | 7.0% | - |
| Revenue CAGR (3y) | 4.3% | - | 5.1% | 7.3% | 9.8% | - | 10.6% | 11.8% | 13.2% | - |
| Revenue CAGR (5y) | 9.0% | - | 9.6% | 10.9% | 8.7% | - | 8.3% | 8.5% | 8.8% | - |
| Gross profit growth (YoY) | 2.4% | - | 2.2% | 6.7% | 5.7% | - | 8.6% | 8.8% | 9.0% | - |
| Operating income growth (YoY) | 3.2% | - | -1.2% | 5.8% | 9.7% | - | 16.2% | 15.1% | 13.8% | - |
| Net income growth (YoY) | 6.1% | - | -2.8% | 7.5% | 9.1% | - | 17.8% | 19.7% | 18.2% | - |
| EPS growth (YoY) | 7.6% | - | -2.2% | 8.0% | 9.7% | - | 18.4% | 20.0% | 19.0% | - |
| EPS CAGR (3y) | 12.0% | - | 10.1% | 14.4% | 12.5% | - | 17.8% | 16.3% | 15.7% | - |
| EPS CAGR (5y) | 12.8% | - | 16.8% | 19.8% | 15.5% | - | 14.1% | 15.7% | 14.9% | - |
| FCF growth (YoY) | 32.7% | - | - | - | 90.6% | - | - | - | -3.9% | - |
| FCF CAGR (5y) | 17.9% | - | - | - | 20.5% | - | - | - | 3.1% | - |
| Book value growth (YoY) | 2.7% | 4.9% | 5.7% | 9.5% | 7.8% | 8.2% | 8.7% | 7.9% | 9.1% | 8.8% |
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%
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 |