Republic Svcs Financials
This page shows Republic Svcs (RSG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Republic Svcs has an operating margin of 19.9%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 17.3% the prior year.
Republic Svcs's revenue declined 100% year-over-year, from $18.4B to $17K. This contraction results in a growth score of 0/100.
Republic Svcs carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Republic Svcs's current ratio of 0.64 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 6/100, which could limit financial flexibility.
Republic Svcs converts 14.5% of revenue into free cash flow ($2K). This strong cash generation earns a score of 73/100.
Republic Svcs earns a strong 17.9% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 71/100. This is up from 17.9% the prior year.
Republic Svcs scores 1850665.78, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($69.1B) relative to total liabilities ($22K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Republic Svcs passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Republic Svcs generates $2.01 in operating cash flow ($4K OCF vs $2K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Republic Svcs earns $5.8 in operating income for every $1 of interest expense ($3K vs $574). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Republic Svcs generated $17K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Republic Svcs's EBITDA was $5K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
Republic Svcs generated $2K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Republic Svcs reported $2K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Republic Svcs earned $6.85 per diluted share (EPS) in fiscal year 2025. This represents an increase of 5.5% from the prior year.
Republic Svcs held $76 in cash against $425 in long-term debt as of fiscal year 2025.
Republic Svcs paid $2.41 per share in dividends in fiscal year 2025. This represents an increase of 8.1% from the prior year.
Republic Svcs had 309M shares outstanding in fiscal year 2025. This represents a decrease of 1.1% from the prior year.
Republic Svcs's gross margin was 42.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.3 percentage points from the prior year.
Republic Svcs's operating margin was 19.9% in fiscal year 2025, reflecting core business profitability. This is up 2.6 percentage points from the prior year.
Republic Svcs's net profit margin was 12.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.8 percentage points from the prior year.
Republic Svcs's ROE was 17.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.0 percentage points from the prior year.
Republic Svcs spent $870 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Republic Svcs invested $2K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
RSG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8B-1.1% | $4.9B+6.3% | $4.6B-0.9% | $4.6B-0.6% | $4.7B+5.0% | $4.4B+1.0% | $4.4B-0.4% | $4.4B |
| Cost of Revenue | $2.5B+0.6% | $2.4B+5.8% | $2.3B-0.1% | $2.3B-2.8% | $2.4B+4.4% | $2.3B+0.8% | $2.3B-0.9% | $2.3B |
| Gross Profit | $2.4B-2.8% | $2.4B+6.8% | $2.3B-1.7% | $2.3B+1.7% | $2.3B+5.8% | $2.2B+1.2% | $2.1B+0.1% | $2.1B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $422.0M-0.7% | $425.0M-0.5% | $427.0M-4.5% | $447.0M+9.8% | $407.0M-1.7% | $414.0M-4.1% | $431.7M+7.4% | $402.1M |
| Operating Income | $836.0M-2.9% | $861.0M+7.1% | $804.0M+0.1% | $803.0M-1.4% | $814.0M+11.1% | $733.0M+4.6% | $700.9M-3.7% | $727.8M |
| Interest Expense | $143.0M-1.4% | $145.0M+3.6% | $140.0M+4.7% | $133.7M+4.5% | $128.0M-8.1% | $139.3M+7.6% | $129.5M+1.5% | $127.6M |
| Income Tax | $95.0M-44.1% | $170.0M0.0% | $170.0M+750.0% | $20.0M-85.9% | $142.0M-2.1% | $145.0M+235.6% | $43.2M-65.7% | $126.0M |
| Net Income | $549.7M0.0% | $549.9M+11.1% | $495.0M-3.4% | $512.2M+0.1% | $511.5M+12.7% | $453.8M+3.2% | $439.6M-8.5% | $480.2M |
| EPS (Diluted) | $1.76+0.6% | $1.75+10.8% | $1.58-3.1% | $1.63+0.6% | $1.62+12.5% | $1.44+3.6% | $1.39-8.6% | $1.52 |
RSG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $33.8B+1.2% | $33.4B+0.9% | $33.1B+2.2% | $32.4B+1.5% | $31.9B+1.8% | $31.4B-0.1% | $31.4B+4.6% | $30.0B |
| Current Assets | $2.5B+2.8% | $2.4B+4.1% | $2.3B-3.5% | $2.4B-9.5% | $2.7B+17.0% | $2.3B-4.5% | $2.4B+1.4% | $2.3B |
| Cash & Equivalents | $84.0M-31.1% | $122.0M+47.0% | $83.0M+12.2% | $74.0M-84.9% | $491.0M+433.7% | $92.0M-34.3% | $140.0M-11.1% | $157.5M |
| Inventory | $103.0M-1.0% | $104.0M+2.0% | $102.0M+4.1% | $98.0M-1.9% | $99.9M-1.5% | $101.4M+3.5% | $98.0M-2.0% | $100.0M |
| Accounts Receivable | $1.9B+1.1% | $1.9B+1.4% | $1.9B+1.8% | $1.8B+0.2% | $1.8B+3.1% | $1.8B-0.3% | $1.8B-3.4% | $1.8B |
| Goodwill | $16.7B+0.4% | $16.6B+0.2% | $16.6B+3.8% | $16.0B+0.7% | $15.9B+0.1% | $15.9B+0.1% | $15.8B+3.6% | $15.3B |
| Total Liabilities | $21.9B+2.7% | $21.3B-0.4% | $21.4B+2.1% | $21.0B+0.3% | $20.9B+1.8% | $20.6B-1.5% | $20.9B+5.9% | $19.7B |
| Current Liabilities | $4.3B+16.9% | $3.6B+4.5% | $3.5B-15.4% | $4.1B-8.9% | $4.5B+4.8% | $4.3B+2.3% | $4.2B+3.9% | $4.1B |
| Long-Term Debt | $12.4B-1.5% | $12.5B-2.5% | $12.9B+0.2% | $12.8B+11.4% | $11.5B+1.1% | $11.4B-11.1% | $12.8B+16.6% | $11.0B |
| Total Equity | $11.9B-1.5% | $12.1B+3.3% | $11.7B+2.3% | $11.4B+3.6% | $11.0B+1.7% | $10.8B+2.6% | $10.5B+2.0% | $10.3B |
| Retained Earnings | $10.8B+3.4% | $10.5B+3.6% | $10.1B+3.2% | $9.8B+7.9% | $9.1B+3.9% | $8.7B+3.4% | $8.4B+3.3% | $8.2B |
RSG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B+6.5% | $1.1B+8.2% | $1.0B+0.3% | $1.0B-7.1% | $1.1B+35.6% | $811.0M-9.8% | $898.7M-5.7% | $953.1M |
| Capital Expenditures | $444.0M+9.1% | $407.0M-11.3% | $459.0M-7.8% | $498.0M+23.5% | $403.4M-21.7% | $515.0M-6.0% | $547.8M+48.5% | $369.0M |
| Free Cash Flow | $737.0M+5.0% | $702.0M+24.0% | $566.0M+8.0% | $524.0M-24.8% | $696.6M+135.3% | $296.0M-15.6% | $350.9M-39.9% | $584.1M |
| Investing Cash Flow | -$756.0M-43.5% | -$527.0M+59.1% | -$1.3B-58.6% | -$812.0M-87.1% | -$434.0M+36.1% | -$679.0M+56.6% | -$1.6B-267.2% | -$426.5M |
| Financing Cash Flow | -$463.0M+14.9% | -$544.0M-291.5% | $284.0M+235.2% | -$210.0M+10.3% | -$234.0M-16.4% | -$201.0M-131.3% | $641.2M+217.5% | -$545.5M |
| Dividends Paid | $182.0M+0.6% | $181.0M0.0% | $181.0M-0.5% | $182.0M+7.7% | $169.0M+0.6% | $168.0M-0.3% | $168.5M+7.7% | $156.5M |
| Share Buybacks | $540.0M+13400.0% | $4.0M-92.7% | $55.0M-65.8% | $161.0M-4.2% | $168.0M | $0-100.0% | $71.6M-62.4% | $190.4M |
RSG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.0%-0.9pp | 49.8%+0.2pp | 49.6%-0.4pp | 50.0%+1.1pp | 48.9%+0.3pp | 48.6%+0.1pp | 48.5%+0.2pp | 48.3% |
| Operating Margin | 17.3%-0.3pp | 17.6%+0.1pp | 17.5%+0.2pp | 17.3%-0.1pp | 17.5%+1.0pp | 16.5%+0.6pp | 15.9%-0.6pp | 16.5% |
| Net Margin | 11.4%+0.1pp | 11.3%+0.5pp | 10.8%-0.3pp | 11.1%+0.1pp | 11.0%+0.8pp | 10.2%+0.2pp | 10.0%-0.9pp | 10.9% |
| Return on Equity | 4.6%+0.1pp | 4.6%+0.3pp | 4.2%-0.3pp | 4.5%-0.2pp | 4.7%+0.5pp | 4.2%+0.0pp | 4.2%-0.5pp | 4.7% |
| Return on Assets | 1.6%-0.0pp | 1.7%+0.2pp | 1.5%-0.1pp | 1.6%-0.0pp | 1.6%+0.1pp | 1.5%+0.1pp | 1.4%-0.2pp | 1.6% |
| Current Ratio | 0.58-0.1 | 0.660.0 | 0.66+0.1 | 0.580.0 | 0.59+0.1 | 0.53-0.0 | 0.56-0.0 | 0.58 |
| Debt-to-Equity | 1.040.0 | 1.04-0.1 | 1.10-0.0 | 1.13+0.1 | 1.050.0 | 1.05-0.2 | 1.22+0.2 | 1.06 |
| FCF Margin | 15.3%+0.9pp | 14.4%+2.1pp | 12.3%+1.0pp | 11.3%-3.6pp | 14.9%+8.3pp | 6.7%-1.3pp | 8.0%-5.3pp | 13.2% |
Note: The current ratio is below 1.0 (0.64), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Republic Svcs's annual revenue?
Republic Svcs (RSG) reported $17K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Republic Svcs's revenue growing?
Republic Svcs (RSG) revenue declined by 100% year-over-year, from $18.4B to $17K in fiscal year 2025.
Is Republic Svcs profitable?
Yes, Republic Svcs (RSG) reported a net income of $2K in fiscal year 2025, with a net profit margin of 12.9%.
What is Republic Svcs's earnings per share (EPS)?
Republic Svcs (RSG) reported diluted earnings per share of $6.85 for fiscal year 2025. This represents a 5.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Republic Svcs's EBITDA?
Republic Svcs (RSG) had EBITDA of $5K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Republic Svcs have?
As of fiscal year 2025, Republic Svcs (RSG) had $76 in cash and equivalents against $425 in long-term debt.
What is Republic Svcs's gross margin?
Republic Svcs (RSG) had a gross margin of 42.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Republic Svcs's operating margin?
Republic Svcs (RSG) had an operating margin of 19.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Republic Svcs's net profit margin?
Republic Svcs (RSG) had a net profit margin of 12.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Republic Svcs pay dividends?
Yes, Republic Svcs (RSG) paid $2.41 per share in dividends during fiscal year 2025.
What is Republic Svcs's return on equity (ROE)?
Republic Svcs (RSG) has a return on equity of 17.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Republic Svcs's free cash flow?
Republic Svcs (RSG) generated $2K in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Republic Svcs's operating cash flow?
Republic Svcs (RSG) generated $4K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Republic Svcs's total assets?
Republic Svcs (RSG) had $34K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Republic Svcs's capital expenditures?
Republic Svcs (RSG) invested $2K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Republic Svcs buy back shares?
Yes, Republic Svcs (RSG) spent $870 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Republic Svcs have outstanding?
Republic Svcs (RSG) had 309M shares outstanding as of fiscal year 2025.
What is Republic Svcs's current ratio?
Republic Svcs (RSG) had a current ratio of 0.64 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Republic Svcs's debt-to-equity ratio?
Republic Svcs (RSG) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Republic Svcs's return on assets (ROA)?
Republic Svcs (RSG) had a return on assets of 6.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Republic Svcs's Altman Z-Score?
Republic Svcs (RSG) has an Altman Z-Score of 1850665.78, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Republic Svcs's Piotroski F-Score?
Republic Svcs (RSG) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Republic Svcs's earnings high quality?
Republic Svcs (RSG) has an earnings quality ratio of 2.01x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Republic Svcs cover its interest payments?
Republic Svcs (RSG) has an interest coverage ratio of 5.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Republic Svcs?
Republic Svcs (RSG) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.