REPUBLIC SERVICES, INC. RSG

Utilities SIC 4953 - Refuse Systems NAICS Administrative and Support and Waste Management and Remediation Services › Waste Management and Remediation Services › Waste Treatment and Disposal derived NYSE

Republic Services is one of the largest providers of environmental services in North America, as measured by revenue. We operate across the United States and Canada through 377 collection operations, 255 transfer stations, 79 recycling centers, 207 active landfills, 2 treatment, recovery and disposal facilities, 24 treatment, storage and disposal facilities (TSDF), 5 salt water disposal wells, 15 deep injection wells, 9 industrial wastewater treatment facilities, and 2 polymer centers. We are engaged in 84 landfill gas-to-energy and other renewable energy projects and had post-closure responsibility for 124 closed landfills.

We believe the total addressable United States and Canada environmental services market in which we operate generates approximately $163 billion of annual revenue, which includes the $110 billion recycling and waste industry, $37 billion of the broader environmental solutions industry, and $16 billion in sustainability innovation (described below) and emerging waste and recycling technologies. Within our recycling and waste business, we prioritize investments in market verticals with above-average growth rates and higher return profiles. The environmental solutions market remains fragmented, which provides consolidation opportunities to drive scale. In our sustainability innovation businesses, we believe customer demand for products and services that respond to evolving environmental trends, including circularity and decarbonization, should support above average growth rates and attractive returns. We believe we can further expand our addressable market into other segments of the environmental services industry over time by leveraging our differentiated capabilities, including (1) customer zeal, (2) digital and (3) sustainability.

Last close 241.31 2026-10-26
Market cap $73.89B 2026-06-30 share count
52-week range 196.41 - 243.22

Valuation FY2025 figures against the last close

P/S4.5x
P/E35.2x
P/FCF30.7x
EV/EBITDA17.1x
Dividend yield1.0%
Diluted EPS6.85

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $16.59B$16.03B$14.96B$13.51B$11.29B$10.15B$10.30B$10.04B$10.04B$9.39B
Cost of revenue $9.63B$9.35B$8.94B$8.21B$6.74B$6.10B$6.30B$6.15B$6.21B$5.76B
Gross profit $6.96B$6.68B$6.02B$5.31B$4.56B$4.05B$4.00B$3.89B$3.83B$3.62B
SG&A $1.71B$1.67B$1.61B$1.45B$1.20B$1.05B$1.09B$1.06B$1.06B$969.8M
Operating income $3.30B$3.20B$2.78B$2.39B$2.08B$1.71B$1.79B$1.74B$1.67B$1.54B
Interest expense $574.0M$539.0M$508.0M$395.0M$314.6M$355.6M$392.0M$383.8M$361.9M$371.3M
Pre-tax income $2.59B$2.43B$2.19B$1.83B$1.58B$1.14B$1.30B$1.32B$1.28B$965.9M
Income tax $455.0M$388.0M$460.0M$344.0M$282.8M$173.1M$222.0M$283.3M$3.1M$352.7M
Net income $2.14B$2.04B$1.73B$1.49B$1.29B$967.2M$1.07B$1.04B$1.28B$612.6M
EPS, basic 6.866.505.474.704.053.033.343.173.791.79
EPS, diluted 6.856.495.474.694.043.023.333.163.771.78
Shares, diluted (wtd. avg.) 312.2M314.8M316.7M317.1M319.4M319.8M322.0M328.4M339.0M344.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $76.0M$74.0M$140.0M$214.0M$106.0M$114.2M$177.4M$133.3M$179.1M$113.0M
Receivables $1.90B$1.82B$1.77B$1.68B$1.27B$1.09B$1.13B$1.10B$1.11B$994.8M
Inventory $106.0M$98.0M$98.0M$96.6M$72.2M$59.1M$56.8M$53.1M$51.2M$44.0M
Total current assets $2.52B$2.41B$2.38B$2.36B$1.71B$1.52B$1.61B$1.56B$1.44B$1.28B
Property, plant and equipment ——————$8.38B$8.02B$7.78B$7.59B
Goodwill $16.71B$15.98B$15.83B$14.45B$12.83B$12.05B$11.63B$11.40B$11.32B$11.16B
Other intangibles $655.0M$546.0M$496.0M$347.2M$259.5M$173.1M$133.9M$106.5M$141.1M$182.3M
Total assets $34.37B$32.40B$31.41B$29.05B$24.95B$23.43B$22.68B$21.62B$21.15B$20.63B
Accounts payable $1.37B$1.34B$1.41B$1.22B$910.0M$779.0M$777.9M$761.5M$598.1M$553.8M
Total current liabilities $3.93B$4.13B$4.23B$3.39B$2.42B$2.28B$3.06B$2.72B$2.63B$1.81B
Long-term debt $13.71B$12.84B$12.82B$11.90B$9.68B$9.05B$8.79B$8.45B——
Retained earnings $11.16B$9.77B$8.43B$7.36B$6.48B$5.75B$5.32B$4.75B$4.15B$3.32B
Total equity $11.97B$11.40B$10.54B$9.69B$8.98B$8.49B$8.12B$7.93B$7.96B$7.69B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.30B$3.94B$3.62B$3.19B$2.79B$2.47B$2.35B$2.24B$1.91B$1.85B
Depreciation and amortisation $1.81B$1.68B$1.50B$1.35B$1.19B$1.08B$1.04B$1.03B$1.04B$991.1M
Stock-based compensation —$42.0M$41.0M$39.0M$57.0M$37.3M$39.5M$39.0M$34.6M$23.2M
Capital expenditure $1.89B$1.85B$1.63B$1.45B$1.32B$1.19B$1.21B$1.07B$989.8M$927.8M
Investing cash flow -$3.31B-$2.56B-$3.67B-$4.42B-$2.47B-$1.92B-$1.72B-$1.23B-$1.33B-$964.5M
Financing cash flow -$938.0M-$1.40B$62.0M$1.34B-$329.2M-$612.0M-$589.0M-$1.06B-$514.4M-$856.8M
Dividends paid $738.0M$687.0M$638.0M$593.0M$552.6M$522.5M$491.2M$461.8M$440.5M$418.9M
Buybacks $870.0M$482.0M$262.0M$203.0M$252.2M$98.8M$399.4M$736.9M$610.7M$403.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001060391-26-000094.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2016: 9.4B Gross profit, FY2016: 3.6B Net income, FY2016: 612.6M Revenue, FY2017: 10B Gross profit, FY2017: 3.8B Net income, FY2017: 1.3B Revenue, FY2018: 10B Gross profit, FY2018: 3.9B Net income, FY2018: 1B Revenue, FY2019: 10.3B Gross profit, FY2019: 4B Net income, FY2019: 1.1B Revenue, FY2020: 10.2B Gross profit, FY2020: 4.1B Net income, FY2020: 967.2M Revenue, FY2021: 11.3B Gross profit, FY2021: 4.6B Net income, FY2021: 1.3B Revenue, FY2022: 13.5B Gross profit, FY2022: 5.3B Net income, FY2022: 1.5B Revenue, FY2023: 15B Gross profit, FY2023: 6B Net income, FY2023: 1.7B Revenue, FY2024: 16B Gross profit, FY2024: 6.7B Net income, FY2024: 2B Revenue, FY2025: 16.6B Gross profit, FY2025: 7B Net income, FY2025: 2.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.39B $10.04B $10.04B $10.30B $10.15B $11.29B $13.51B $14.96B $16.03B $16.59B
Gross profit $3.62B $3.83B $3.89B $4.00B $4.05B $4.56B $5.31B $6.02B $6.68B $6.96B
Net income $612.6M $1.28B $1.04B $1.07B $967.2M $1.29B $1.49B $1.73B $2.04B $2.14B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4953

TickerCompanyMarket capP/ERevenue growth
WM WASTE MANAGEMENT INC $96.34B 36.0x 14.2%
WCN Waste Connections, Inc. $47.06B 44.8x 6.1%
CWST CASELLA WASTE SYSTEMS INC $6.12B 801.3x 18.0%
QRHC Quest Resource Holding Corp $25.5M — -13.3%
AWX AVALON HOLDINGS CORP $8.2M — -0.3%
RENX RenX Enterprises Corp. $2.7M — 3,860.7%
VIVK Vivakor, Inc. $422.8K — 16.3%
OIO OIO Group — — —