Financials · RSG

Republic Services Inc. (RSG) financials

For the twelve months ended Sep 30, 2026, Republic Services Inc. reported $19.71B of revenue and $2.23B of net income.

Revenue, TTM
$19.71B
Revenue growth, YoY
+4.1%
Net income, TTM
$2.23B
Net income growth, YoY
+5.7%
Net margin
11.3%
Free cash flow, TTM
$2.56B
EPS, diluted, TTM
$7.23
EPS growth, YoY
+7.6%
Cash
$92.00M
Total debt
$14.01B
P/E
33.76
P/S
3.82
Market cap
$75.20B
Annual revenue$19.03B
FY2016FY2025
Annual net income$2.14B
FY2016FY2025
Annual free cash flow$2.41B
FY2016FY2025

RSG revenue and earnings growth

RSG revenueQ3 2026$5.21B

Quarter YoY
+7.8%
QoQ
+2.5%
FY YoY
+3.3%
5Y CAGR
+9.6%
10Y CAGR
+7.6%

RSG revenue was $5.21B in fiscal Q3 2026 (ended Sep 30, 2026), up 7.8% from a year earlier and up 2.5% from the prior quarter. For the full fiscal 2025 it was $19.03B, up 3.3% from fiscal 2024. Compound annual growth was +9.6% over 5 years and +7.6% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

RSG net incomeQ3 2026$591.56M

Quarter YoY
+7.6%
QoQ
+4.5%
FY YoY
+4.7%
5Y CAGR
+17.2%
10Y CAGR
+11.1%

RSG net income was $591.56M in fiscal Q3 2026 (ended Sep 30, 2026), up 7.6% from a year earlier and up 4.5% from the prior quarter. For the full fiscal 2025 it was $2.14B, up 4.7% from fiscal 2024. Compound annual growth was +17.2% over 5 years and +11.1% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

RSG EPSQ3 2026$1.93

Quarter YoY
+9.7%
QoQ
+4.9%
FY YoY
+5.5%
5Y CAGR
+17.8%
10Y CAGR
+12.4%

RSG diluted EPS was $1.93 in fiscal Q3 2026 (ended Sep 30, 2026), up 9.7% from a year earlier and up 4.9% from the prior quarter. For the full fiscal 2025 it was $6.85, up 5.5% from fiscal 2024. Compound annual growth was +17.8% over 5 years and +12.4% over 10 years.

RSG free cash flowQ3 2026$644.00M

Quarter YoY
-12.6%
QoQ
-15.4%
FY YoY
+15.8%
5Y CAGR
+13.5%
10Y CAGR
+12.6%

RSG free cash flow was $644.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 12.6% from a year earlier and down 15.4% from the prior quarter. For the full fiscal 2025 it was $2.41B, up 15.8% from fiscal 2024. Compound annual growth was +13.5% over 5 years and +12.6% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$19.03B$18.42B$17.28B$15.64B$13.32B$12.03B$12.19B$11.90B$12.07B$11.36B
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$9.40B$9.07B$8.34B$7.44B$6.58B$5.93B$5.89B$5.75B$5.86B$5.59B
Selling, general and admin$1.71B$1.67B$1.61B$1.45B$1.20B$1.05B$1.09B$1.06B$1.06B$969.80M
Operating income$3.30B$3.20B$2.78B$2.39B$2.08B$1.71B$1.79B$1.74B$1.67B$1.54B
Interest expense$574.00M$539.00M$508.00M$395.00M$314.60M$355.60M$392.00M$383.80M$361.90M$371.30M
Pre-tax income$2.59B$2.43B$2.19B$1.83B$1.58B$1.14B$1.30B$1.32B$1.28B$965.90M
Income tax$455.00M$388.00M$460.00M$344.00M$282.80M$173.10M$222.00M$283.30M$3.10M$352.70M
Net income$2.14B$2.04B$1.73B$1.49B$1.29B$967.24M$1.07B$1.04B$1.28B$612.59M
EPS, basic$6.86$6.50$5.47$4.70$4.05$3.03$3.34$3.17$3.79$1.79
EPS, diluted$6.85$6.49$5.47$4.69$4.04$3.02$3.33$3.16$3.77$1.78
Diluted shares312.2M314.8M316.7M317.1M319.4M319.8M322.0M328.4M339.0M344.4M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$76.00M$74.00M$140.00M$214.00M$106.00M$114.20M$177.40M$133.30M$179.10M$113.00M
Receivables$1.90B$1.82B$1.77B$1.68B$1.27B$1.09B$1.13B$1.10B$1.11B$994.80M
Inventory$106.00M$98.00M$98.00M$96.60M$72.20M$59.10M$56.80M$53.10M$51.20M$44.00M
Current assets$2.52B$2.41B$2.38B$2.36B$1.71B$1.52B$1.61B$1.56B$1.44B$1.28B
Goodwill$16.71B$15.98B$15.83B$14.45B$12.83B$12.05B$11.63B$11.40B$11.32B$11.16B
Total assets$34.37B$32.40B$31.41B$29.05B$24.95B$23.43B$22.68B$21.62B$21.15B$20.63B
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$12.98B$11.85B$11.89B$11.33B$9.55B$8.77B$7.76B$7.65B$7.48B$7.65B
Total debt$12.98B$11.85B$11.89B$11.33B$9.55B$8.77B$7.76B$7.65B$7.48B$7.65B
Total liabilities$22.40B$21.00B$20.87B$19.37B$15.98B$14.95B$14.56B$13.69B$13.19B$12.94B
Shareholders' equity$11.97B$11.41B$10.54B$9.69B$8.98B$8.49B$8.12B$7.93B$7.96B$7.69B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$4.30B$3.94B$3.62B$3.19B$2.79B$2.47B$2.35B$2.24B$1.91B$1.85B
Capital expenditures$1.89B$1.85B$1.63B$1.45B$1.32B$1.19B$1.21B$1.07B$989.80M$927.80M
Free cash flow$2.41B$2.08B$1.99B$1.74B$1.47B$1.28B$1.15B$1.17B$920.90M$920.00M
Investing cash flow-$3.31B-$2.56B-$3.67B-$4.42B-$2.47B-$1.92B-$1.72B-$1.23B-$1.33B-$964.50M
Financing cash flow-$938.00M-$1.40B$62.00M$1.34B-$329.20M-$612.00M-$589.00M-$1.06B-$514.40M-$856.80M
Dividends paid$738.00M$687.00M$638.00M$593.00M$552.60M$522.50M$491.20M$461.80M$440.50M$418.90M
Share repurchases$870.00M$482.00M$262.00M$203.00M$252.20M$98.80M$399.40M$736.90M$610.70M$403.80M
Stock-based compensation-$42.00M$41.00M$39.00M$57.00M$37.30M$39.50M$39.00M$34.60M$23.20M
Depreciation and amortization$1.81B$1.68B$1.50B$1.35B$1.19B$1.08B$1.04B$1.03B$1.04B$991.10M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY3.3%6.6%10.4%17.4%10.7%-1.3%2.5%-1.4%6.3%24.6%
Net income growth, YoY4.7%18.0%16.4%15.3%33.4%-9.9%3.5%-18.9%108.7%-18.3%
EPS growth, YoY5.5%18.6%16.6%16.1%33.8%-9.3%5.4%-16.2%111.8%-16.4%
Gross margin49.4%49.2%48.2%47.6%49.4%49.3%48.3%48.3%48.5%49.2%
Operating margin17.4%17.4%16.1%15.3%15.6%14.2%14.7%14.6%13.8%13.5%
Net margin11.2%11.1%10.0%9.5%9.7%8.0%8.8%8.7%10.6%5.4%
Free cash flow margin12.7%11.3%11.5%11.1%11.0%10.6%9.4%9.8%7.6%8.1%
Return on equity17.9%17.9%16.4%15.4%14.4%11.4%13.2%13.1%16.1%8.0%
Return on assets6.2%6.3%5.5%5.1%5.2%4.1%4.7%4.8%6.0%3.0%
Current ratio0.640.580.560.700.710.670.520.580.550.71
Debt to equity1.081.041.131.171.061.030.960.960.940.99

Source: XBRL data Republic Services Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RSG peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RSG$19.71B+4.1%$2.23B11.3%$75.20B
WM$26.07B+5.2%$3.07B11.8%$93.94B
WCN$9.94B+6.3%$1.13B11.4%$47.30B
GFLC$6.62B+7.8%C$3.83B58.0%$20.20B
CLH$6.56B+10.1%$528.36M8.0%$14.98B
CWST$1.96B+13.6%$5.70M0.3%$6.25B
OIO$5.83M-4.4%-$4.76M-81.6%$623.0M
PESI$57.67M-4.9%-$22.81M-39.5%$298.1M
QRHC$248.49M-4.9%-$16.69M-6.7%$23.6M

RSG FAQ

9 questions
  • What is RSG revenue?
    Republic Services Inc. (RSG) reported $19.71B of revenue for the twelve months ended Sep 30, 2026. That is up 4.1% from the year before. Revenue for fiscal 2025 was $19.03B.
  • Is RSG profitable?
    Yes. Republic Services Inc. earned $2.23B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.3%.
  • How much cash and debt does RSG have?
    Republic Services Inc. reported $92.00M in cash and cash equivalents and $14.01B of debt on its most recent balance sheet in SEC filings.
  • How fast is RSG revenue growing?
    Republic Services Inc.'s revenue changed +3.3% in fiscal 2025, to $19.03B. Its compound annual growth rate was +9.6% over 5 years and +7.6% over 10 years.
  • What is RSG gross margin?
    Republic Services Inc.'s gross profit was $9.71B on $19.71B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 49.3%.
  • What is RSG free cash flow?
    Republic Services Inc. generated $2.56B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.50B less capital expenditures.
  • What is RSG earnings per share?
    Diluted earnings per share were $7.23 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did RSG last report financial results?
    The latest statements here come from Republic Services Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.
  • Where does this RSG financial data come from?
    Quantisnow builds these statements from the structured XBRL data Republic Services Inc. files with the SEC. It is provided for information only and is not investment advice.