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Republic Services RSG

US equityMarket cap rank #250Waste Management
$213.44
+$0.34 (+0.16%)
Market open · Sep 24, 1:10 pm ET
After hours $213.10 0.00%
Open$215.05
Prev close$213.10
Day range$212.83 – $215.97
Volume277.5K
Market cap$65.36B
P/E (TTM)30.2
Dividend yield1.17%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$4.43B+4.6% YoY
Operating profit$905.00M+4.0% YoY
Net profit$566.00M+2.9% YoY
Diluted EPS$1.84+5.1% YoY
Free cash flow$761.00M+8.4% YoY
Operating cash flow$1.15B

Revenue, last 8 quarters

$4.1BSep '24$4.0BDec '24$4.0BMar '25$4.2BJun '25$4.2BSep '25$4.1BDec '25$4.1BMar '26$4.4BJun '26

Net profit, last 8 quarters

$566.0MSep '24$513.0MDec '24$495.0MMar '25$550.0MJun '25$550.0MSep '25$544.0MDec '25$525.0MMar '26$566.0MJun '26

Diluted EPS by quarter

1.80Sep '241.63Dec '241.58Mar '251.75Jun '251.76Sep '251.76Dec '251.70Mar '261.84Jun '26

Free cash flow by quarter

$564.0MSep '24$524.0MDec '24$566.0MMar '25$702.0MJun '25$737.0MSep '25$404.0MDec '25$751.0MMar '26$761.0MJun '26

Annual revenue

$10.2BFY20$11.3BFY21$13.5BFY22$15.0BFY23$16.0BFY24$16.6BFY25

Profitability & balance sheet

Gross margin42.0%
Operating margin20.0%
Net margin12.9%
Return on equity18.2%
Return on assets6.4%
Return on invested capital10.4%
Current ratio0.64
Liabilities / assets65.8%
Cash & investments$107.00M
Total debt$14.25B
Net cash (debt)-$14.14B
Free cash flow / sales15.7%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Recycling and waste business operating primarily in geographic areas located in the western United$2.33B 45.8%
  • Recycling and waste business operating primarily in geographic areas located in the southeastern and$2.18B 42.9%
  • Environmental Solutions$463.00M 9.1%
  • Corporate entities and other$108.00M 2.1%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $4.43B $4.11B $16.59B $4.14B $4.21B
Total Operating Revenue $4.43B $4.11B $16.59B $4.14B $4.21B
Cost of Revenue $2.56B $2.37B $9.63B $2.40B $2.46B
Gross Profit $1.87B $1.75B $6.96B $1.73B $1.75B
Operating Expense $962.00M $916.00M $3.64B $924.00M $910.00M
Selling and Admin Expenses $429.00M $413.00M $1.67B $423.00M $413.00M
-General & Admin Expense $429.00M $413.00M $1.67B $423.00M $413.00M
Depreciation & Amortization & Depletion $488.00M $461.00M $1.81B $458.00M $459.00M
-Depreciation & Amortization $342.00M $1.27B $329.00M $320.00M
-Depletion $146.00M $547.00M $129.00M $139.00M
Asset Impairment Loss $15.00M $12.00M $40.00M $13.00M $9.00M
Other Operating Expenses $30.00M $30.00M $115.00M $30.00M $29.00M
Operating Profit $905.00M $831.00M $3.32B $807.00M $839.00M
Net Non-Operating Interest Income (Expense) -$149.00M -$149.00M -$566.00M -$144.00M -$141.00M
Non-Operating Interest Income $2.00M $2.00M $8.00M $2.00M $2.00M
Non-Operating Interest Expense $151.00M $151.00M $574.00M $146.00M $143.00M
Other Income (Expense) -$57.00M -$26.00M -$162.00M -$99.00M -$53.00M
Earnings from Equity Interest -$58.00M -$52.00M -$163.00M -$91.00M -$57.00M
Special Income (Charges) -$4.00M -$1.00M -$20.00M -$7.00M -$3.00M
-Less:Restructuring and Mergern & Acquisition $4.00M $2.00M $20.00M $7.00M $3.00M
-Gain on Sale Of Business $0.00 $1.00M $0.00 $0.00 $0.00
Other Non-Operating Income (Expenses) $5.00M $27.00M $21.00M -$1.00M $7.00M
Pretax Profit $699.00M $656.00M $2.59B $564.00M $645.00M
Tax $133.00M $131.00M $455.00M $20.00M $95.00M
Net Profit $566.00M $525.00M $2.14B $544.00M $550.00M
Profit from Continuing Operations $566.00M $525.00M $2.14B $544.00M $550.00M
Minority Interests $0.00 $0.00 $0.00 $0.00 $0.00
Net Income to Parent Company $566.00M $525.00M $2.14B $544.00M $550.00M
Net Income to Common Stockholders $566.00M $525.00M $2.14B $544.00M $550.00M
Basic EPS $1.84 $1.70 $6.86 $1.76 $1.76
Diluted EPS $1.84 $1.70 $6.85 $1.76 $1.76
Dividend Per Share $0.63 $0.63 $2.41 $0.63 $0.63

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $35.16B $34.60B $34.37B $34.37B $33.79B
Total Current Assets $2.56B $2.51B $2.52B $2.52B $2.48B
Cash and Cash Equivalents & Short-Term Investments $107.00M $118.00M $76.00M $76.00M $84.00M
-Cash and Cash Equivalents $107.00M $118.00M $76.00M $76.00M $84.00M
Receivables $2.20B $2.11B $2.17B $2.17B $2.09B
-Accounts Receivable $2.03B $1.92B $1.90B $1.90B $1.90B
-Taxes Receivable $39.00M $89.00M $146.00M $146.00M $14.00M
-Other Receivables $131.00M $108.00M $126.00M $126.00M $176.00M
Prepaid Assets $88.00M $108.00M $131.00M $131.00M $198.00M
Inventory $115.00M $114.00M $106.00M $106.00M $103.00M
Other Current Assets $54.00M $56.00M $41.00M $41.00M $9.00M
Total Non-Current Assets $32.60B $32.09B $31.84B $31.84B $31.31B
Net PPE $13.13B $12.90B $12.85B $12.85B $12.41B
-Gross PPE $28.51B $28.18B $27.67B $27.67B $27.00B
-Accumulated Depreciation -$15.38B -$15.28B -$14.82B -$14.82B -$14.58B
Investments and Advances $715.00M $769.00M $815.00M $815.00M $824.00M
Financial Assets $38.00M $36.00M $32.00M $32.00M $36.00M
Non Current Accounts Receivables $86.00M $89.00M $90.00M $90.00M $117.00M
Non-Current Prepaid Assets $173.00M $164.00M $159.00M $159.00M $149.00M
Goodwill and Other Intangible Assets $17.89B $17.57B $17.37B $17.37B $17.30B
-Goodwill $17.19B $16.93B $16.72B $16.72B $16.70B
-Other Intangible Assets $707.00M $647.00M $655.00M $655.00M $599.00M
Non-Current Deferred Assets $231.00M $218.00M $224.00M $224.00M $221.00M
Other Non-Current Assets $335.00M $339.00M $306.00M $306.00M $248.00M
Total Liabilities $23.13B $22.62B $22.40B $22.40B $21.92B
Total Current Liabilities $3.98B $3.74B $3.93B $3.93B $4.26B
Payables $1.85B $1.62B $1.78B $1.78B $1.44B
-Accounts Payable $1.44B $1.20B $1.37B $1.37B $1.25B
-Total Tax Payable $222.00M $227.00M $214.00M $214.00M
-Dividends Payable $191.00M $192.00M $193.00M $193.00M $194.00M
Current Accrued Expenses $601.00M $606.00M $576.00M $576.00M $918.00M
Short-Term Debt and Capital Lease Obligation $597.00M $596.00M $644.00M $644.00M $975.00M
-Current Debt $548.00M $547.00M $596.00M $596.00M $921.00M
-Current Capital Lease Obligation $49.00M $49.00M $48.00M $48.00M $54.00M
Current Provisions $449.00M $443.00M $431.00M $431.00M $425.00M
Current Deferred Liabilities $480.00M $480.00M $496.00M $496.00M $504.00M
Total Non-Current Liabilities $19.15B $18.88B $18.47B $18.47B $17.65B
Long Term Debt and Capital Lease Obligation $13.70B $13.49B $13.16B $13.16B $12.53B
-Long Term Debt $13.52B $13.32B $12.99B $12.99B $12.35B
-Long Term Capital Lease Obligation $177.00M $174.00M $177.00M $177.00M $178.00M
Derivative Product Liabilities $51.00M $49.00M $46.00M $46.00M $51.00M
Non-Current Liabilities $3.19B $3.16B $3.13B $3.13B $3.09B
Non-Current Deferred Liabilities $2.10B $2.06B $2.01B $2.01B $1.87B
Employee Benefits $20.00M $20.00M $20.00M $20.00M $19.00M
Other Non-Current Liabilities $93.00M $92.00M $98.00M $98.00M $97.00M
Total Equity $12.03B $11.98B $11.97B $11.97B $11.87B
Stockholders' Equity $12.03B $11.98B $11.97B $11.97B $11.87B
Capital Stock $3.00M $3.00M $3.00M $3.00M $3.00M
-Common Stock $3.00M $3.00M $3.00M $3.00M $3.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $1.87B $1.85B $1.83B $1.83B $1.82B
Retained Earnings $11.87B $11.49B $11.16B $11.16B $10.81B
Less: Treasury Stock $1.68B $1.34B $1.00B $1.00B $727.00M
Gains/Losses Not Affecting Retained Earnings -$33.00M -$31.00M -$29.00M -$29.00M -$31.00M
Minority Interests $1.00M $1.00M $1.00M $1.00M $1.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.15B $1.23B $4.30B $981.00M $1.18B
Net cash flow from continuing operations $1.15B $1.23B $4.30B $981.00M $1.18B
Net Income from Continuing Operations $567.00M $525.00M $2.14B $544.00M $550.00M
Gain/Loss from Continuing Operations $58.00M $52.00M $163.00M $91.00M $58.00M
Depreciation & Depletion & Amortization $518.00M $491.00M $1.93B $486.00M $488.00M
Deferred Tax $28.00M $33.00M $269.00M $139.00M $138.00M
Other Non-Cash Items $15.00M $23.00M $32.00M $50.00M -$52.00M
Change in Working Capital -$33.00M $103.00M -$235.00M -$269.00M -$61.00M
-Change in Receivables -$122.00M -$25.00M -$87.00M -$9.00M -$27.00M
-Change in Prepaid Assets -$8.00M $49.00M -$174.00M -$81.00M -$114.00M
-Change in Payables and Accrued Expense $74.00M $49.00M -$14.00M -$37.00M $36.00M
-Change in Other Current Liabilities $23.00M $30.00M $40.00M -$142.00M $44.00M
Net cash flow from investing -$817.00M -$910.00M -$3.31B -$742.00M -$756.00M
Net Cash Flow from Continuing Investing Activities -$817.00M -$910.00M -$3.31B -$742.00M -$756.00M
Net PPE Purchase and Sale -$388.00M -$473.00M -$1.87B -$574.00M -$442.00M
Net Business Purchase and Sale -$427.00M -$436.00M -$1.42B -$167.00M -$296.00M
Net Other Investing Changes -$2.00M -$1.00M -$20.00M -$1.00M -$18.00M
Financing Cash Flow -$357.00M -$238.00M -$938.00M -$215.00M -$463.00M
Net Cash Flow from Continuing Financing Activities -$357.00M -$238.00M -$938.00M -$215.00M -$463.00M
Net Issuance Payments Of Debt $199.00M $275.00M $692.00M $252.00M $262.00M
Net Common Stock Issuance -$361.00M -$306.00M -$875.00M -$266.00M -$536.00M
Cash Dividends Paid -$192.00M -$193.00M -$738.00M -$194.00M -$182.00M
Net Other Financing Charges -$3.00M -$14.00M -$17.00M -$7.00M -$7.00M
Ending Cash Balance $306.00M $327.00M $249.00M $249.00M $225.00M
Net Change in Cash -$21.00M $79.00M $45.00M $24.00M -$38.00M
Beginning Cash Balance $327.00M $249.00M $203.00M $225.00M $263.00M
Effect of Exchange Rate Changes $0.00 -$1.00M $1.00M $0.00 $0.00
Free Cash Flow $761.00M $751.00M $2.41B $404.00M $737.00M
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