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Republic Services, Inc.

RSG Industrials Waste Management

In the quarter to June 2026, revenue grew 4.60%, EPS grew 4.55%, free cash flow grew 8.20% and total debt rose 7.77%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for ten; insiders bought in the last twelve months.

231.23 1.58 +0.69%
Market cap
$70.3B
P/E
32.8×
Fwd P/E
28.9×
Dividend yield
1.10%
F-score
7/9
Altman Z
2.98
Beneish M
−2.74
Dividend safety
88/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 1,582.79
Total sells 0.46
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — — — — 2 — — 8 4 —
Sell — — — — — — 1 1 — — — —
Insider Ownership 38.63%

Capital & Financial Ratios $m

Market Cap 70,320.00
Revenue 16,890.00
Net Income 2,186.00
Free Cash Flow 2,665.00
Net Debt 13,414.00
Current Ratio 0.64 (below 1: weak)
Debt/Equity 1.12
P/E ratio 32.75
Fwd P/E 28.90
P/S ratio 4.21
P/B ratio 5.91
Past 5Y EPS Growth 17.80% (at or above 15%: strong)
This Y EPS Growth 3.56%
Next Y EPS Growth 11.30%
Next Y revenue growth 4.25%
Next 5Y EPS Growth 8.48%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.0×, against a ten-year median of 3.9×; over the ten years it ranged from 2.5× in 2016 to 5.8× in 2025.
P/E against its own 10 years 73.98%
10-year low 10-year high
P/S against its own 10 years 92.22%
10-year low 10-year high
P/B against its own 10 years 92.70%
10-year low 10-year high
EV/Sales against its own 10 years 93.03%
10-year low 10-year high
EV/FCF against its own 10 years 55.55%
10-year low 10-year high

Dividends

Payout Ratio 0.36
Annual Dividend Rate 2.55
Annual Dividend Yield 1.10%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.55
0.63
0.63
0.63
0.67
2025 2.37
0.58
0.58
0.58
0.63
2024 1.65
0.54
0.54
0.58
2023 2.06
0.50
0.50
0.54
0.54
2022 1.91
0.46
0.46
0.50
0.50
2021 1.77
0.43
0.43
0.46
0.46
2020 2.07
0.41
0.41
0.41
0.43
0.43
2019 1.56
0.38
0.38
0.41
0.41
2018 1.44
0.35
0.35
0.38
0.38
2017 1.33
0.32
0.32
0.35
0.35
2016 1.24
0.30
0.30
0.32
0.32
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 140 74 76 107
Receivables 1,768 1,821 1,897 2,029
Inventory — — — —
Other — — — —
2,381 2,406 2,523 2,563
2023 2024 2025 Q'26
Payables 1,412 1,345 1,374 1,440
ST’ Debt — — — —
Other — — — 1,242
4,228 4,128 3,928 3,980

Compound Annual Growth %

10y 5y 3y
Sales 6.17% 10.32% 7.08%
Cash Flow 9.85% 11.69% 10.43%
Earnings 11.05% 17.20% 12.86%
Book Value 4.41% 7.11% 7.31%

Revenue $m

Mar Jun Sep Dec Year
’26 4,113 4,430 — — —
’25 4,009 4,235 4,212 4,135 16,591
’24 3,862 4,048 4,076 4,046 16,032
’23 3,581 3,726 3,826 3,832 14,965
’22 2,970 3,414 3,598 3,530 13,511
’21 2,596 2,812 2,934 2,953 11,295
’20 2,554 2,454 2,572 2,573 10,154
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,227 1,153 — — —
’25 1,025 1,109 1,181 981 4,296
’24 811 1,100 1,003 1,022 3,936
’23 688 1,079 953 899 3,618
’22 706 858 817 810 3,190
’21 661 822 655 649 2,787
’20 596 738 576 563 2,472
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 754 765 — — —
’25 569 707 739 407 2,422
’24 298 700 568 562 2,128
’23 315 754 592 355 2,016
’22 388 548 543 290 1,769
’21 332 550 362 246 1,490
’20 229 462 354 262 1,307
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.70 1.84 — — —
’25 1.58 1.75 1.76 1.76 6.85
’24 1.44 1.62 1.80 1.63 6.49
’23 1.21 1.35 1.52 1.39 5.47
’22 1.11 1.17 1.32 1.09 4.69
’21 0.93 1.03 1.10 0.98 4.04
’20 0.77 0.71 0.81 0.74 3.02
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 41.82 56.17 60.26 70.42 65.37 88.62 113.57 120.58 162.27 199.43

Analyst estimates 2026–2028

Powerpack
High 58.00 68.00 78.54 90.62 103.79 145.98 149.17 167.17 220.58 258.75
People
People Employees 33,000 35,000 36,000 36,000 35,000 35,000 40,000 41,000 42,000 42,000
Revenue/emp, $m 0.28 0.29 0.28 0.29 0.29 0.32 0.34 0.37 0.38 0.40
Income, $m
Income, $m Revenue 9,388 10,042 10,041 10,299 10,154 11,295 13,511 14,965 16,032 16,591
Gross margin, % 38.60 38.11 38.75 38.85 39.92 40.35 39.27 40.24 41.68 41.96
EBT 966 1,282 1,321 1,296 1,143 1,575 1,832 2,191 2,432 2,594
EBT margin, % 10.29 12.77 13.16 12.58 11.25 13.95 13.56 14.64 15.17 15.63
Net income 613 1,279 1,038 1,074 970 1,292 1,488 1,731 2,044 2,139
Depreciation 1,070 1,116 1,114 1,122 1,159 1,268 1,441 1,599 1,784 1,928
Per share, $
Per share, $ Revenue 27.37 29.79 30.72 32.08 31.80 35.43 42.69 47.33 50.99 53.19
Earnings 1.79 3.79 3.17 3.34 3.03 4.05 4.70 5.47 6.50 6.86
Cash flow 5.39 5.67 6.86 7.33 7.74 8.74 10.08 11.44 12.52 13.77
Capex (2.68) (2.92) (3.18) (3.69) (3.65) (4.07) (4.49) (5.07) (5.75) (6.01)
Free cash flow 2.71 2.75 3.68 3.63 4.09 4.67 5.59 6.38 6.77 7.77
Book value 22.43 23.62 24.26 25.29 26.59 28.17 30.61 33.34 36.28 38.37
Shares, m 343 337 327 321 319 319 317 316 314 312
Valuation, ×
Valuation, × P/E 31.77 17.52 22.67 26.76 31.78 34.35 27.32 30.10 31.00 30.89
P/S 2.08 2.24 2.35 2.79 3.03 3.94 3.01 3.49 3.95 3.98
P/B 2.54 2.82 2.97 3.54 3.62 4.95 4.20 4.95 5.54 5.52
EV/Sales 2.89 2.97 3.10 3.54 3.89 4.78 3.84 4.27 4.68 4.76
EV/FCF 29.14 32.19 25.90 31.28 30.20 36.23 29.35 31.70 35.26 32.62
Cash, $m
Cash, $m Operating cash flow 1,848 1,911 2,243 2,352 2,472 2,787 3,190 3,618 3,936 4,296
Capex (918) (984) (1,040) (1,185) (1,164) (1,297) (1,421) (1,602) (1,808) (1,874)
Free cash flow 930 927 1,203 1,167 1,307 1,490 1,769 2,016 2,128 2,422
Balance, $m
Balance, $m Working capital (527) (1,198) (1,154) (1,459) (760) (705) (1,034) (1,847) (1,722) (1,405)
Total debt 7,653 7,481 7,647 7,759 8,766 9,546 11,330 11,887 11,851 12,985
Net debt 7,585 7,397 7,576 7,712 8,728 9,517 11,186 11,747 11,777 12,909
Shareholders’ equity 7,694 7,961 7,930 8,121 8,489 8,980 9,687 10,543 11,407 11,969
Returns, %
Returns, % ROA 2.98 6.12 4.85 4.85 4.19 5.33 5.51 5.73 6.40 6.41
ROIC 6.29 6.79 7.00 7.06 6.20 7.02 7.16 7.79 8.62 8.30
ROE 7.92 16.33 13.05 13.37 11.65 14.77 15.94 17.11 18.62 18.30
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Republic Services, Inc. vs peers in Waste Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WM Waste Management, Inc. $89.6B 32.0× 27.0× +3.95% (above 0%: growing) +8.89% (above 0%: growing) +34.81% (above 0%: growing) 40.83% 18.75% Compare
RSG Republic Services, Inc. $70.3B 32.8× 28.9× +4.60% (above 0%: growing) +4.55% (above 0%: growing) +8.20% (above 0%: growing) 42.14% 20.34%
WCN Waste Connections, Inc. $41.7B 40.3× 33.5× +6.42% (above 0%: growing) +4.46% (above 0%: growing) +6.63% (above 0%: growing) 42.25% 17.08% Compare
GFL GFL Environmental Inc. $19.0B — (loss-making) — (loss-making) +16.16% (above 0%: growing) n/m +557.08% (above 0%: growing) 19.81% 5.58% Compare
CLH Clean Harbors, Inc. $16.9B 38.7× 33.3× +11.95% (above 0%: growing) +36.29% (above 0%: growing) −4.89% (below 0%: shrinking) 35.09% 15.50% Compare
CWST Casella Waste Systems, Inc. $5.5B 978× 559× +16.85% (above 0%: growing) −25.00% (below 0%: shrinking) +14.24% (above 0%: growing) 32.88% 3.67% Compare
ONT Onterris, Inc. $494.1M — (loss-making) 123× −20.42% (below 0%: shrinking) −91.67% (below 0%: shrinking) −96.15% (below 0%: shrinking) 44.07% 3.46% Compare
PESI Perma-Fix Environmental Services, Inc. $282.0M — (loss-making) — (loss-making) −11.66% (below 0%: shrinking) n/m −156.46% (below 0%: shrinking) (19.43%) (50.50%) Compare
ABAT American Battery Technology Company $225.5M — (loss-making) — (loss-making) +196.60% (above 0%: growing) n/m −32.23% (below 0%: shrinking) 15.66% (246.50%) Compare
Median of peers $11.2B 39.5× 33.5× +9.18% +4.46% +0.87% 33.99% 4.63%

All 20 Waste Management stocks →

RSG metrics, ten years each

Republic Services, Inc. (RSG) key facts

  • Strength: Net income was $2.1 billion, or $6.86 per share (basic), a net margin of 12.9%.
  • Republic Services, Inc. (RSG) is a Waste Management company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, RSG traded at $231.23, a market capitalization of $70.3 billion.
  • At that price the stock trades at 32.8× trailing-twelve-month earnings and 4.2× sales; its P/E is higher than 74% of its own readings over the past ten years.
  • Republic Services, Inc. pays an annual dividend of $2.55 per share, a yield of 1.10%, with a payout ratio of 36.1%.
  • Return on equity was 18.3% and debt-to-equity 1.12.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.98 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/RSG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com