Friday 6 November 2026 Export RSG’s income statement to Excel — free account

Republic Services, Inc.

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%

Follow RSG

Alert me

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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Republic Services, Inc. (RSG) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Group 1	7,509	45.26%
Group 2	7,316	44.10%
Group 3	1,766	10.64%
Gross margin		41.96%
Operating margin		19.90%
Pre-tax margin		15.63%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Group 1	7,509 45.26%	7,047 43.96%	6,524 43.60%	6,120 45.30%	5,557 49.20%	5,058 49.81%	5,002 48.56%	4,812 47.92%	4,876 48.56%	4,561 48.58%	—	—	2,857 28.17%	2,839 29.17%	2,931 30.03%	2,535 31.27%	2,115 25.80%
Group 2	7,316 44.10%	7,142 44.55%	6,817 45.55%	6,183 45.76%	5,515 48.83%	4,753 46.81%	4,944 48.00%	4,879 48.59%	—	—	—	—	—	—	—	—	—
Group 3	1,766 10.64%	1,843 11.50%	1,624 10.85%	1,208 8.94%	223 1.97%	145 1.43%	—	—	—	—	—	—	—	—	—	—	—
Corporate entities and other	—	—	—	—	0 0.00%	199 1.96%	354 3.43%	351 3.49%	—	—	—	—	—	—	—	—	—
Segment Geographical Region Two	—	—	—	—	—	—	—	—	4,916 48.96%	4,638 49.40%	—	—	—	—	—	—	1,777 21.67%
Field Group Two	—	—	—	—	—	—	—	—	—	—	5,803 63.67%	5,639 53.06%	—	—	—	—	—
Field Group One	—	—	—	—	—	—	—	—	—	—	5,032 55.21%	4,795 45.12%	—	—	—	—	—
Corporate	—	—	—	—	—	—	—	—	—	—	178 1.95%	193 1.81%	139 1.37%	104 1.07%	114 1.17%	—	—
Segment Geographical Region Four	—	—	—	—	—	—	—	—	—	—	—	—	4,050 39.92%	3,820 39.25%	3,763 38.56%	3,114 38.42%	2,170 26.47%
Segment Geographical Region Three	—	—	—	—	—	—	—	—	—	—	—	—	3,099 30.54%	2,969 30.51%	2,951 30.24%	2,359 29.10%	2,046 24.96%
Corporate Entities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	98 1.21%	91 1.11%
Other, not broken out	—	—	—	—	—	—	—	—	249 2.48%	189 2.01%	—	—	—	—	—	—	—
Eliminations	—	—	—	—	—	—	—	—	—	—	(1,898) (20.83%)	—	—	—	—	—	—
Recycling & Waste Subtotal	14,825	14,189	13,341	12,303	11,072	9,810	—	—	—	—	—	—	—	—	—	—	—
Revenue	16,591	16,032	14,965	13,511	11,295	10,154	10,299	10,041	10,042	9,388	9,115	10,626	10,145	9,732	9,759	8,107	8,199

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Group 1	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Group 2	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate entities and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Segment Geographical Region Two	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Field Group Two	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Field Group One	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Segment Geographical Region Four	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Segment Geographical Region Three	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Entities	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average recycled commodity price per ton sold	Q3 FY2026	$142.00	$126.00	+12.70%
Core price in the open market	Q3 FY2026	7.60%	8.60%	—
Core price in the restricted portion of the business	Q3 FY2026	4.10%	4.80%	—
Core price on related business revenue	Q3 FY2026	6.30%	7.20%	—
Core price on total revenue	Q3 FY2026	5.30%	5.90%	—
Days sales outstanding	Q2 FY2026	41.70	40.40	+3.22%
Days sales outstanding net of deferred revenue	Q2 FY2026	31.80	29.90	+6.35%
Revenue growth from average yield on related business revenue	Q3 FY2026	3.50%	4.90%	—
Revenue growth from average yield on total revenue	Q3 FY2026	2.90%	4.00%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Average recycled commodity price per ton sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Core price in the open market	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Core price in the restricted portion of the business	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Core price on related business revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Core price on total revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Days sales outstanding	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Days sales outstanding net of deferred revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue growth from average yield on related business revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenue growth from average yield on total revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.