Republic Services, Inc.

RSG Industrials Waste Management

Republic Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.6 billion, up 3.49% from fiscal 2024.

Revenue
+8.24%
EPS
+9.66%
Free cash flow
−12.6%
Total debt
+13.4%

Quarter to September 2026, against a year earlier

248.11 2.70 +1.10%
Market cap
$76.0B
P/E
34.3×
Fwd P/E
33.7×
Dividend yield
1.03%
F-score
7/9
Altman Z
2.98
Beneish M
−2.74
Dividend safety
88/100

Republic Services, Inc. (RSG) Gross margin

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Republic Services, Inc.'s gross margin over the twelve months to 30 September 2026 was 42.0%, up 0.1 percentage points from fiscal 2025 (42.0%). Over the past ten years it has ranged from 38.1% (fiscal 2017) to 42.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Waste Management industry median of 20.5% and above the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 42.0% 0.28
FY2024 41.7% 1.44
FY2023 40.2% 0.97
FY2022 39.3% (1.08)
FY2021 40.4% 0.43
FY2020 39.9% 1.07
FY2019 38.9% 0.10
FY2018 38.8% 0.64
FY2017 38.1% (0.49)
FY2016 38.6% (0.86)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 41.6% (0.55)
Jun 2026 42.1% (0.34)
Mar 2026 42.5% 0.62
Dec 2025 41.9% 0.34
43 more quarters

Against its own ten years

Low 38.1% High 42.0%
Ten-year median 39.5%
Current reading's percentile 93

Gross margin against peers

Company Gross margin
WCN Waste Connections, Inc. compare 42.6%
RSG Republic Services, Inc. 42.0%
ONT Onterris, Inc. compare 41.5%
WM Waste Management, Inc. compare 40.4%
CWST Casella Waste Systems, Inc. compare 33.4%
CLH Clean Harbors, Inc. compare 33.1%
GFL GFL Environmental Inc. compare 19.5%
NVRI Enviri Corporation compare 10.3%
OIO ESGL Holdings Limited compare —
Waste Management industry median 20.5%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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