Republic Services, Inc. (RSG)
Republic Services, Inc. brought in $19.7B of revenue over the twelve months to September 30, 2026, up 4.1% from a year earlier. Net income was $2.2B, a net margin of 11.3%. Operating cash flow minus capital spending left $2.4B of free cash flow in fiscal 2025. At September 30, 2026 it held $92M in cash against $14.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about Republic Services, Inc.
- Net worth
- Republic Services, Inc. has a market value (market cap) of $75.9B at the latest share price, and shareholders' equity of $12.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $19B (+3.3% year on year), with net income of $2.1B. Over the 12 months to September 30, 2026: revenue $19.7B, net income $2.2B.
- Cash flow
- In fiscal 2025 operations brought in $4.3B of cash; after $1.9B of capital spending, free cash flow was $2.4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Republic Services, Inc.'s next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Republic Services, Inc. declared dividends of $2.41 per share in fiscal 2025, a yield of 0.97% at the current price.
What Republic Services, Inc. does
Republic Services provides non-hazardous solid waste collection, recycling, and disposal services. It operates collection routes, transfer stations, landfills, and recycling centers across the United States. Its customers include residential households, commercial businesses, industrial facilities, and municipal governments. Its shares trade on NYSE under the ticker RSG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $19B | $2.1B | $6.85 | $2.4B |
| 2024 | $18.4B | $2B | $6.49 | $2.1B |
| 2023 | $17.3B | $1.7B | $5.47 | $2B |
| 2022 | $15.6B | $1.5B | $4.69 | $1.7B |
| 2021 | $13.3B | $1.3B | $4.04 | $1.5B |
| 2020 | $12B | $967.2M | $3.02 | $1.3B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where RSG ranks in Utilities
Dividends
Republic Services, Inc. declared $2.41 per share in fiscal 2025. At the current price that is a yield of 0.97%. It paid out $738M in cash dividends, 34% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.41 | $738M | 34% |
| 2024 | $2.23 | $687M | 34% |
| 2023 | $2.06 | $638M | 37% |
| 2022 | $1.91 | $593M | 40% |
| 2021 | $1.77 | $552.6M | 43% |
| 2020 | $1.66 | $522.5M | 54% |
Latest SEC filings
What Republic Services, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 7.8% to $5.2B versus the same quarter last year; diluted EPS $1.93 versus $1.76.
- October 29, 2026
- September 9, 2026Activist stake changed SCHEDULE 13D/A
- August 20, 2026Activist stake changed SCHEDULE 13D/A
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4% to $5.1B versus the same quarter last year; diluted EPS $1.84 versus $1.75.
- August 6, 2026
- July 30, 2026Other event 8-K
- July 29, 2026Passive stake changed SCHEDULE 13G/A
- June 24, 2026Other event 8-K
- May 11, 2026
What is RSG worth? A DCF from its reported cash flow
Insider trades
What the people running Republic Services, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $1.23B and sold $829.6K worth of shares in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Bales Brian AEVP, Chief Development Officer | Soldindirect | 3,400 | $829.6K |
| September 11, 2026 | Cascade Investment, L.L.C.10% owner | Bought | 7,596 | $1.7M |
| September 11, 2026 | Cascade Investment, L.L.C.10% owner | Bought | 135,482 | $30.2M |
| September 11, 2026 | Cascade Investment, L.L.C.10% owner | Bought | 176,547 | $39.4M |
| September 11, 2026 | Cascade Investment, L.L.C.10% owner | Bought | 5,185 | $1.2M |
| September 10, 2026 | Cascade Investment, L.L.C.10% owner | Bought | 108,147 | $24M |
| September 10, 2026 | Cascade Investment, L.L.C.10% owner | Bought | 97,992 | $21.8M |
| September 10, 2026 | Cascade Investment, L.L.C.10% owner | Bought | 47,819 | $10.7M |
Who owns RSG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Cascade Investment, L.L.C.13D, may seek influence with 1 related filers | 37.9% | September 9, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,303 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 17,824,725 | +945,478 |
| Vanguard Capital Management LLC | 13,061,578 | +3,372 |
| State Street Corp | 9,953,507 | +160,051 |
| Vanguard Portfolio Management LLC | 7,116,030 | +2,886,272 |
| Morgan Stanley | 4,905,312 | -129,866 |
| Geode Capital Management, LLC | 4,896,109 | +8,772 |
| Fmr LLC | 4,544,104 | -106,840 |
| Jpmorgan Chase & Co | 3,669,000 | +143,756 |
| Bank of America Corp | 3,203,365 | +1,328,351 |
| Norges Bank | 3,162,965 | new |
| Allspring Global Investments Holdings, LLC | 2,536,071 | +279,881 |
| Pictet Asset Management Holding SA | 2,469,106 | -629,297 |
| Invesco Ltd. | 2,350,340 | +148,296 |
| Two Sigma Investments, LP | 2,280,285 | +571,170 |
| Charles Schwab Investment Management Inc | 2,224,039 | +19,932 |
| Northern Trust Corp | 2,172,941 | -46,142 |
| Goldman Sachs Group Inc | 2,157,020 | -169,466 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2,132,434 | +28,996 |
| UBS Group AG | 2,103,317 | -410,394 |
| Dimensional Fund Advisors LP | 2,038,700 | +303,902 |
Insiders
18 insiders reported holding 117,400,811 shares in total, about $29.09B at the last price.
| Holder | Shares |
|---|---|
| Cascade Investment, L.L.C.10% owner | 117,058,444 |
| Vander Ark JonCEO and President, Director | 126,125 |
| Larson MichaelDirector | 58,427 |
| Ellingsen Catharine DEVP/Chief Legal Officer/Sec | 51,216 |
| Bales Brian AEVP, Chief Development Officer | 17,61617,616 held indirectly |
| DelGhiaccio Brian MEVP Chief Financial Officer | 17,204 |
| Snee James PDirector | 13,939 |
| Hodges AmandaEVP, Chief Commercial Officer | 13,921 |
| Arambula JuliaSVP Operations | 12,261 |
| Brummer GreggEVP, COO | 7,757 |
Questions about RSG
What does Republic Services, Inc. do?
Republic Services provides non-hazardous solid waste collection, recycling, and disposal services. It operates collection routes, transfer stations, landfills, and recycling centers across the United States. Its customers include residential households, commercial businesses, industrial facilities, and municipal governments. Its shares trade on NYSE under the ticker RSG.
What is Republic Services, Inc.'s net worth?
Republic Services, Inc. has a market value (market cap) of $75.9B at the latest share price, and shareholders' equity of $12.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Republic Services, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $2.2B on revenue of $19.7B, a net margin of 11.3%.
How much revenue does Republic Services, Inc. make?
Over the twelve months to September 30, 2026 Republic Services, Inc. reported revenue of $19.7B. That is 4.1% more than a year earlier.
When did Republic Services, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 4, 2026.
When is Republic Services, Inc.'s next earnings report?
Republic Services, Inc.'s next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Republic Services, Inc. pay a dividend?
Yes. Republic Services, Inc. declared dividends of $2.41 per share in fiscal 2025, a yield of 0.97% at the current price.
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Where the numbers come from
Financial figures are the values Republic Services, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.