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

245.23 4.19 −1.68%
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) Operating margin

Alert me on Operating margin

Republic Services, Inc.'s operating margin over the twelve months to 30 September 2026 was 20.0%, up 0.1 percentage points from fiscal 2025 (19.9%). Over the past ten years it has ranged from 16.4% (fiscal 2016) to 19.9% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Waste Management industry median of 0.00% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 19.9% (0.04)
FY2024 19.9% 1.36
FY2023 18.6% 0.88
FY2022 17.7% (0.68)
FY2021 18.4% 1.55
FY2020 16.8% (0.52)
FY2019 17.4% 0.06
FY2018 17.3% 0.67
FY2017 16.6% 0.24
FY2016 16.4% (0.72)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 20.2% (0.14)
Jun 2026 20.3% 0.16
Mar 2026 20.2% 0.81
Dec 2025 19.4% (0.48)
43 more quarters

Against its own ten years

Low 16.4% High 19.9%
Ten-year median 17.4%
Current reading's percentile 95

Operating margin against peers

Company Operating margin
RSG Republic Services, Inc. 20.0%
WM Waste Management, Inc. compare 18.4%
WCN Waste Connections, Inc. compare 17.7%
CLH Clean Harbors, Inc. compare 13.2%
GFL GFL Environmental Inc. compare 7.39%
CWST Casella Waste Systems, Inc. compare 3.38%
ONT Onterris, Inc. compare 1.34%
OIO ESGL Holdings Limited compare 0.00%
NVRI Enviri Corporation compare −11.2%
Waste Management industry median 0.00%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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