Republic Services, Inc., together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions. Its residential collection services include curbside collection of material for transport to transfer stations, landfills, recycling centers, and organics processing facilities; supply of recycling and waste containers; and renting of compactors. The company also engages in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; and provision of landfill services. It serves small-container, large-container, and residential customers. The company was incorporated in 1996 and is based in Phoenix, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $16.6B | $5.1B | $2.1B | $2.4B | 17.9% | 3.5% | 4.7% |
| 2024 | $16.0B | $4.8B | $2.0B | $2.1B | 17.9% | 7.1% | 18.0% |
| 2023 | $15.0B | $4.3B | $1.7B | $2.0B | 16.4% | 10.8% | 16.3% |
| 2022 | $13.5B | $3.7B | $1.5B | $1.7B | 15.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 13,511 | 14,965 | 16,032 | 16,591 |
| Cost Of Revenue | 8,205 | 8,943 | 9,350 | 9,630 |
| Gross Profit | 5,306 | 6,022 | 6,682 | 6,961 |
| Operating Expense | 2,893 | 3,213 | 3,458 | 3,639 |
| Operating Income | 2,413 | 2,809 | 3,224 | 3,322 |
| EBITDA | 3,668 | 4,298 | 4,755 | 5,096 |
| EBIT | 2,227 | 2,699 | 2,971 | 3,168 |
| Pretax Income | 1,832 | 2,191 | 2,432 | 2,594 |
| Tax Provision | 344 | 460 | 388 | 455 |
| Net Income | 1,488 | 1,731 | 2,043 | 2,139 |
| Net Income Common Stockholders | 1,488 | 1,731 | 2,043 | 2,139 |
| Total Expenses | 11,098 | 12,156 | 12,808 | 13,269 |
| Interest Expense | 395 | 508 | 539 | 574 |
| Interest Income | 3 | 6 | 9 | 8 |
| Selling General And Administration | 1,454 | 1,609 | 1,647 | 1,670 |
| Normalized EBITDA | 3,689 | 4,327 | 4,785 | 5,116 |
| Normalized Income | 1,505.05 | 1,753.91 | 2,068.20 | 2,155.50 |
| Market Cap | 64,815.92 | 64,815.92 | 64,815.92 | 64,815.92 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Republic Services, Inc.this co. | RSG | $65.4B | 30.30 | 5.42 | 17.9% | 15.41 |
| TransDigm Group Incorporated | TDG | $74.2B | 31.26 | -6.69 | -21.4% | 20.15 |
| Norfolk Southern Corporation | NSC | $71.7B | 24.99 | 4.62 | 18.5% | 14.97 |
| Cintas Corporation | CTAS | $71.1B | 38.83 | 15.02 | 38.7% | 25.45 |
| PACCAR Inc | PCAR | $66.7B | 28.11 |
| 3.47 |
| 12.3% |
| 20.09 |
| United Rentals, Inc. | URI | $62.8B | 24.48 | 6.81 | 27.8% | 10.65 |
| Comfort Systems USA, Inc. | FIX | $60.9B | 59.42 | 24.81 | 41.8% | 41.78 |
| L3Harris Technologies, Inc. | LHX | $59.5B | 36.93 | 3.02 | 8.2% | 18.48 |
| W.W. Grainger, Inc. | GWW | $55.2B | 31.85 | 14.54 | 45.7% | 20.47 |
| Peer Median | - | 31.56 | 5.71 | 23.1% | 20.12 | |