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Stocks · Industrials · Refuse Systems

Republic Services

RSG Clue Score61
United States Fiscal year ends December CIK 0001060391
$216.88 +0.02% Close, 9 Oct 2026
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Price $216.88 +71.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue9.39Operating income1.54Net income0.61EPS, diluted1.78Fiscal year 2017Revenue10.04 +7.0%Operating income1.67Net income1.28 +108.7%EPS, diluted3.77 +111.8%Fiscal year 2018Revenue10.04 −0.0%Operating income1.74Net income1.04 −18.9%EPS, diluted3.16 −16.2%Fiscal year 2019Revenue10.30 +2.6%Operating income1.79Net income1.07 +3.5%EPS, diluted3.33 +5.4%Fiscal year 2020Revenue10.15 −1.4%Operating income1.71Net income0.97 −9.9%EPS, diluted3.02 −9.3%Fiscal year 2021Revenue11.30 +11.2%Operating income2.08Net income1.29 +33.4%EPS, diluted4.04 +33.8%Fiscal year 2022Revenue13.51 +19.6%Operating income2.39Net income1.49 +15.3%EPS, diluted4.69 +16.1%Fiscal year 2023Revenue14.97 +10.8%Operating income2.78Net income1.73 +16.4%EPS, diluted5.47 +16.6%Fiscal year 2024Revenue16.03 +7.1%Operating income3.20Net income2.04 +18.0%EPS, diluted6.49 +18.6%Fiscal year 2025Revenue16.59 +3.5%Operating income3.30Net income2.14 +4.7%EPS, diluted6.85 +5.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.39 10.04 10.04 10.30 10.15 11.30 13.51 14.97 16.03 16.59
Growth +7.0% −0.0% +2.6% −1.4% +11.2% +19.6% +10.8% +7.1% +3.5%
Operating income 1.54 1.67 1.74 1.79 1.71 2.08 2.39 2.78 3.20 3.30
Net income 0.61 1.28 1.04 1.07 0.97 1.29 1.49 1.73 2.04 2.14
Growth +108.7% −18.9% +3.5% −9.9% +33.4% +15.3% +16.4% +18.0% +4.7%
EPS, diluted 1.78 3.77 3.16 3.33 3.02 4.04 4.69 5.47 6.49 6.85
Growth +111.8% −16.2% +5.4% −9.3% +33.8% +16.1% +16.6% +18.6% +5.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin16.4%Net margin6.5%Free cash flow margin9.8%Fiscal year 2017Operating margin16.6%Net margin12.7%Free cash flow margin9.2%Fiscal year 2018Operating margin17.3%Net margin10.3%Free cash flow margin11.7%Fiscal year 2019Operating margin17.4%Net margin10.4%Free cash flow margin11.1%Fiscal year 2020Operating margin16.8%Net margin9.5%Free cash flow margin12.6%Fiscal year 2021Operating margin18.4%Net margin11.4%Free cash flow margin13.0%Fiscal year 2022Operating margin17.7%Net margin11.0%Free cash flow margin12.8%Fiscal year 2023Operating margin18.6%Net margin11.6%Free cash flow margin13.3%Fiscal year 2024Operating margin19.9%Net margin12.7%Free cash flow margin13.0%Fiscal year 2025Operating margin19.9%Net margin12.9%Free cash flow margin14.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 16.4% 16.6% 17.3% 17.4% 16.8% 18.4% 17.7% 18.6% 19.9% 19.9%
Net margin 6.5% 12.7% 10.3% 10.4% 9.5% 11.4% 11.0% 11.6% 12.7% 12.9%
Free cash flow margin 9.8% 9.2% 11.7% 11.1% 12.6% 13.0% 12.8% 13.3% 13.0% 14.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.85Capital expenditure−0.93Free cash flow0.92Buybacks−0.40Dividends paid−0.42Fiscal year 2017Operating cash flow1.91Capital expenditure−0.99Free cash flow0.92 +0.1%Buybacks−0.61Dividends paid−0.44Fiscal year 2018Operating cash flow2.24Capital expenditure−1.07Free cash flow1.17 +27.2%Buybacks−0.74Dividends paid−0.46Fiscal year 2019Operating cash flow2.35Capital expenditure−1.21Free cash flow1.15 −2.2%Buybacks−0.40Dividends paid−0.49Fiscal year 2020Operating cash flow2.47Capital expenditure−1.19Free cash flow1.28 +11.5%Buybacks−0.10Dividends paid−0.52Fiscal year 2021Operating cash flow2.79Capital expenditure−1.32Free cash flow1.47 +15.1%Buybacks−0.25Dividends paid−0.55Fiscal year 2022Operating cash flow3.19Capital expenditure−1.45Free cash flow1.74 +18.1%Buybacks−0.20Dividends paid−0.59Fiscal year 2023Operating cash flow3.62Capital expenditure−1.63Free cash flow1.99 +14.5%Buybacks−0.26Dividends paid−0.64Fiscal year 2024Operating cash flow3.94Capital expenditure−1.86Free cash flow2.08 +4.7%Buybacks−0.48Dividends paid−0.69Fiscal year 2025Operating cash flow4.30Capital expenditure−1.89Free cash flow2.41 +15.8%Buybacks−0.87Dividends paid−0.74
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.85 1.91 2.24 2.35 2.47 2.79 3.19 3.62 3.94 4.30
Capital expenditure −0.93 −0.99 −1.07 −1.21 −1.19 −1.32 −1.45 −1.63 −1.86 −1.89
Free cash flow 0.92 0.92 1.17 1.15 1.28 1.47 1.74 1.99 2.08 2.41
Growth +0.1% +27.2% −2.2% +11.5% +15.1% +18.1% +14.5% +4.7% +15.8%
Buybacks −0.40 −0.61 −0.74 −0.40 −0.10 −0.25 −0.20 −0.26 −0.48 −0.87
Dividends paid −0.42 −0.44 −0.46 −0.49 −0.52 −0.55 −0.59 −0.64 −0.69 −0.74

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.07Total debt7.66Net cash (debt)−7.59Shareholders’ equity7.69Debt to equity1.00Fiscal year 2017Cash0.08Total debt8.19Net cash (debt)−8.10Shareholders’ equity7.96Debt to equity1.03Fiscal year 2018Cash0.07Total debt8.45Net cash (debt)−8.37Shareholders’ equity7.93Debt to equity1.07Fiscal year 2019Cash0.05Total debt8.79Net cash (debt)−8.74Shareholders’ equity8.12Debt to equity1.08Fiscal year 2020Cash0.04Total debt9.05Net cash (debt)−9.02Shareholders’ equity8.48Debt to equity1.07Fiscal year 2021Cash0.03Total debt9.68Net cash (debt)−9.65Shareholders’ equity8.98Debt to equity1.08Fiscal year 2022Cash0.14Total debt11.90Net cash (debt)−11.76Shareholders’ equity9.69Debt to equity1.23Fiscal year 2023Cash0.14Total debt12.82Net cash (debt)−12.68Shareholders’ equity10.54Debt to equity1.22Fiscal year 2024Cash0.07Total debt12.84Net cash (debt)−12.77Shareholders’ equity11.41Debt to equity1.13Fiscal year 2025Cash0.08Total debt13.71Net cash (debt)−13.63Shareholders’ equity11.97Debt to equity1.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.07 0.08 0.07 0.05 0.04 0.03 0.14 0.14 0.07 0.08
Total debt 7.66 8.19 8.45 8.79 9.05 9.68 11.90 12.82 12.84 13.71
Net cash (debt) −7.59 −8.10 −8.37 −8.74 −9.02 −9.65 −11.76 −12.68 −12.77 −13.63
Shareholders’ equity 7.69 7.96 7.93 8.12 8.48 8.98 9.69 10.54 11.41 11.97
Debt to equity 1.00 1.03 1.07 1.08 1.07 1.08 1.23 1.22 1.13 1.15

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
9.39 10.04 10.04 10.30 10.15 11.30 13.51 14.97 16.03 16.59
Growth +7.0% −0.0% +2.6% −1.4% +11.2% +19.6% +10.8% +7.1% +3.5%
5.76 6.21 6.15 6.30 6.10 6.74 8.21 8.94 9.35 9.63
0.97 1.06 1.06 1.09 1.05 1.20 1.45 1.61 1.67 1.71
1.54 1.67 1.74 1.79 1.71 2.08 2.39 2.78 3.20 3.30
Growth +8.5% +4.0% +3.0% −4.4% +21.5% +15.2% +16.2% +15.0% +3.3%
0.97 1.28 1.32 1.30 1.14 1.58 1.83 2.19 2.43 2.59
0.35 0.00 0.28 0.22 0.17 0.28 0.34 0.46 0.39 0.46
0.61 1.28 1.04 1.07 0.97 1.29 1.49 1.73 2.04 2.14
Growth +108.7% −18.9% +3.5% −9.9% +33.4% +15.3% +16.4% +18.0% +4.7%
Per share
1.79 3.79 3.17 3.34 3.03 4.05 4.70 5.47 6.50 6.86
1.78 3.77 3.16 3.33 3.02 4.04 4.69 5.47 6.49 6.85
Growth +111.8% −16.2% +5.4% −9.3% +33.8% +16.1% +16.6% +18.6% +5.5%
343.0 337.1 326.9 321.1 319.3 318.8 316.5 316.2 314.4 311.9
344.4 339.0 328.4 322.0 319.8 319.4 317.1 316.7 314.8 312.2
Growth −1.6% −3.1% −1.9% −0.7% −0.1% −0.7% −0.1% −0.6% −0.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.3% a year over five years, and earnings per share grew 17.8% a year.
  • The diluted share count fell 2.4% in five years, so buybacks did some of the work per share.
  • Operating margin is up 3.1 points on five years ago, at 19.9%.
  • Profitable in every one of the 10 years on file.