RSG Financials Republic Services

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 10.3% per year over the past 5 years.
Net income has grown faster than revenue (17.2% vs 10.3% per year).
Operating margin has expanded, at 19.9% in the latest year.
Free cash flow has grown 13.5% per year over the past 5 years.

Financial health

Total debt ($13.7B) exceeds cash ($76M); net debt is $13.6B.
Total debt has grown in line with revenue (8.7% vs 10.3% per year).
Operating income covered interest expense 5.8× in the latest year.
Total debt is 2.7× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 34.5% of earnings and 30.6% of free cash flow.
The dividend has grown 7.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$16.6B	$2.1B	42.0%	19.9%	$2.4B	$13.7B	$76M
2024	$16.0B	$2.0B	41.7%	19.9%	$2.1B	$12.8B	$74M
2023	$15.0B	$1.7B	40.2%	18.6%	$2.0B	$12.8B	$140M
2022	$13.5B	$1.5B	39.3%	17.7%	$1.7B	$11.9B	$143M
2021	$11.3B	$1.3B	40.3%	18.4%	$1.5B	$9.7B	$29M
2020	$10.2B	$967M	39.9%	16.8%	$1.3B	$9.1B	$38M
2019	$10.3B	$1.1B	38.8%	17.4%	$1.1B	$8.8B	$47M
2018	$10.0B	$1.0B	38.8%	17.3%	$1.2B	$8.3B	$71M
2017	$10.0B	$1.3B	38.1%	16.6%	$921M	$8.2B	$83M
2016	$9.4B	$613M	38.6%	16.4%	$920M	$7.7B	$68M
2015	—	$750M	—	—	$734M	$7.5B	$32M
2014	—	$548M	—	—	$667M	$7.0B	$75M
2013	—	$589M	—	—	$667M	$7.0B	$213M
2012	—	$572M	—	—	$610M	$7.1B	$68M
2011	—	$589M	—	—	$830M	$6.9B	$66M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$4.1B	$525M	42.5%	20.2%	$751M	—	$118M
Dec '25	$4.1B	$545M	41.9%	19.3%	$404M	$13.7B	$76M
Sep '25	$4.2B	$550M	41.5%	19.8%	$737M	—	$84M
Jun '25	$4.2B	$550M	42.2%	20.3%	$702M	—	$122M
Mar '25	$4.0B	$495M	42.3%	20.1%	$566M	—	$83M
Dec '24	$4.0B	$512M	42.7%	19.8%	$524M	$12.8B	$74M
Sep '24	$4.1B	$566M	41.9%	20.8%	$564M	—	$83M
Jun '24	$4.0B	$512M	41.1%	20.1%	$697M	—	$491M
Mar '24	$3.9B	$454M	40.9%	19.0%	$296M	—	$92M
Dec '23	$3.8B	$440M	40.9%	18.3%	$351M	$12.8B	$140M
Sep '23	$3.8B	$480M	40.3%	19.0%	$584M	—	$158M
Jun '23	$3.7B	$427M	40.3%	19.0%	$743M	—	$182M
Mar '23	$3.6B	$384M	39.4%	18.0%	$309M	—	$132M
Dec '22	$3.5B	$347M	38.2%	16.4%	$281M	$11.9B	$143M
Sep '22	$3.6B	$417M	39.0%	18.5%	$539M	—	$81M
Jun '22	$3.4B	$372M	39.5%	17.3%	$544M	—	$119M
Mar '22	$3.0B	$352M	40.6%	18.9%	$372M	—	$39M
Dec '21	$3.0B	$313M	38.7%	17.0%	$237M	$9.7B	$29M
Sep '21	$2.9B	$350M	40.6%	19.2%	$359M	—	$40M
Jun '21	$2.8B	$331M	41.3%	18.4%	$544M	—	$34M

Valuation over time

How the market has priced RSG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 28.0× (Mar '23) to 30.7× (Jun '26).
The price-to-sales ratio has risen from 3.1× (Mar '23) to 4.0× (Jun '26).
The dividend yield has fallen from 1.4% (Mar '23) to 1.1% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is RSG growing its revenue and profit?

Over the past 5 years, Republic Services's revenue has grown 10.3% per year, and net income grown 17.2% per year. These are computed facts, not advice.

How much debt does RSG have?

As of FY2025, Republic Services reported $13.7B of total debt against $76M of cash; operating income covered interest expense 5.8×.

What is RSG's profit margin?

In FY2025, gross margin was 42.0%, operating margin 19.9%, and net margin 12.9%.

What is RSG's P/E ratio?

As of Jun '26, Republic Services traded at a price-to-earnings ratio of about 30.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.