Republic Services, Inc. (RSG) Financial Statements
Industry: Refuse Systems
In fiscal 2025, Republic Services reported revenue of $19.03B, up 3.3% from $18.42B the year before. Net income was $2.14B (a 11.2% net margin), or $6.85 per diluted share. Gross margin was 49.4% and operating margin was 17.4%. Operating activities generated $4.30B of cash, leaving $2.41B of free cash flow. At fiscal year end, Republic Services held $34.37B in total assets against $22.40B in total liabilities, including $76.0M of cash and equivalents.
Open the full interactive Republic Services financials → Quarterly statements, key ratios, valuation history and price charts.
Republic Services Key Stats
| Share Price | $219.91 |
|---|---|
| Market Cap | $67.65B |
| P/E Ratio | 32.1 |
| Revenue YoY Growth | +3.3% |
| 52-Week Range | $196.52 – $230.19 |
| Shares Outstanding | 307.5 million (basic, 2026 Q2) |
Republic Services Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $12.03B | $13.32B | $15.65B | $17.28B | $18.42B | $19.03B |
| Cost of Goods Sold | $6.10B | $6.74B | $8.21B | $8.94B | $9.35B | $9.63B |
| Gross Profit | $5.93B | $6.58B | $7.44B | $8.34B | $9.07B | $9.40B |
| Operating Income | $1.71B | $2.08B | $2.39B | $2.78B | $3.20B | $3.30B |
| Pre-Tax Income | $1.14B | $1.58B | $1.83B | $2.19B | $2.43B | $2.59B |
| Income Tax | $173.1M | $282.8M | $343.9M | $460.1M | $388.0M | $455.0M |
| Net Income | $967.2M | $1.29B | $1.49B | $1.73B | $2.04B | $2.14B |
| Diluted EPS | $3.02 | $4.04 | $4.69 | $5.47 | $6.49 | $6.85 |
Republic Services Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.83B | $4.72B | $4.70B | $5.08B |
| Net Income | $549.7M | $544.7M | $525.3M | $566.1M |
| Diluted EPS | $1.76 | $1.74 | $1.70 | $1.84 |
Republic Services Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $38.2M | $29.0M | $143.4M | $140.0M | $74.0M | $76.0M |
| Current Assets | $1.52B | $1.71B | $2.36B | $2.38B | $2.41B | $2.52B |
| Total Assets | $23.43B | $24.95B | $29.05B | $31.41B | $32.40B | $34.37B |
| Current Liabilities | $2.28B | $2.42B | $3.39B | $4.23B | $4.13B | $3.93B |
| Total Long-Term Debt | $8.93B | $9.55B | $11.79B | $12.82B | $12.71B | $13.58B |
| Total Liabilities | $14.95B | $15.98B | $19.37B | $20.87B | $21.00B | $22.40B |
| Shareholders' Equity | $8.48B | $8.98B | $9.69B | $10.54B | $11.40B | $11.97B |
Republic Services Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.47B | $2.79B | $3.19B | $3.62B | $3.94B | $4.30B |
| Cash From Investing | -$1.92B | -$2.47B | -$4.42B | -$3.67B | -$2.56B | -$3.31B |
| Cash From Financing | -$612.0M | -$329.2M | $1.34B | $61.9M | -$1.40B | -$938.0M |
| Free Cash Flow | $1.28B | $1.47B | $1.74B | $1.99B | $2.08B | $2.41B |
Figures from Republic Services' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Republic Services financials page for every line item.
Republic Services Company Profile
| Ticker | RSG |
|---|---|
| Exchange | NYSE |
| Industry | Refuse Systems |
| Headquarters | Phoenix, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001060391 |
Frequently Asked Questions
What was Republic Services' revenue in fiscal 2025?
Republic Services (RSG) reported revenue of $19.03B for fiscal 2025.
What is Republic Services' annual revenue history?
Republic Services' annual revenue by fiscal year: 2020: $12.03B; 2021: $13.32B; 2022: $15.65B; 2023: $17.28B; 2024: $18.42B; 2025: $19.03B.
What was Republic Services' net income in fiscal 2025?
Republic Services reported net income of $2.14B for fiscal 2025.
What was Republic Services' earnings per share (EPS) in fiscal 2025?
Republic Services' diluted EPS was $6.85 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Republic Services generate in fiscal 2025?
Republic Services generated $2.41B of free cash flow in fiscal 2025.
What was Republic Services' revenue last quarter?
In its most recent reported quarter (2026 Q2), Republic Services reported revenue of $5.08B.
How much debt does Republic Services have?
Republic Services reported $13.58B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Republic Services are outstanding?
Republic Services reported a weighted average of 307.5 million basic shares outstanding in 2026 Q2.
What is Republic Services' market cap?
Based on its latest closing price, Republic Services (RSG) has a market capitalization of about $67.65B.
When does Republic Services' fiscal year end?
Republic Services' fiscal year end, as registered with the SEC, is December 31.
Where is Republic Services headquartered?
Republic Services lists its business address in Phoenix, Arizona in its SEC filings.