Stocks Comparison
Republic Services vs Waste Connections: revenue, profit, margins and growth compared
Republic Services brought in $19B of revenue in fiscal 2025, Waste Connections $9.5B in fiscal 2025. Revenue changed by +3.3% at Republic Services and +6.1% at Waste Connections on the year before, so Waste Connections grew faster. Republic Services kept 11.2% of its revenue as net profit, Waste Connections 11.4%. Free cash flow was $2.4B at Republic Services and $1.2B at Waste Connections.
Side by side, latest fiscal year
| RSG | WCN | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $19B | $9.5B |
| Revenue growth | +3.3% | +6.1% |
| Net income | $2.1B | $1.1B |
| Net margin | 11.2% | 11.4% |
| Free cash flow | $2.4B | $1.2B |
| Free cash flow margin | 12.7% | 13.0% |
| Earnings per share (diluted) | $6.85 | $4.17 |
| Cash | $76M | $46M |
| Debt | $13.7B | $8.9B |
| Price to earnings | 31.0 | 37.3 |
| Market value | $64.9B | $39.7B |
| Dividend yield | 1.14% | 0.83% |
| Rank by revenue in sector | #13 of 109 · Utilities | #30 of 109 · Utilities |
Over the years
Questions about Republic Services and Waste Connections
Which is bigger by revenue, Republic Services or Waste Connections?
Republic Services is bigger by revenue: $19B in fiscal 2025, against $9.5B for Waste Connections in fiscal 2025.
Which keeps more of its revenue as profit, Republic Services or Waste Connections?
Republic Services had a net margin of 11.2% in fiscal 2025; Waste Connections had 11.4% in fiscal 2025.
Which grew revenue faster, Republic Services or Waste Connections?
In their latest fiscal years revenue changed by +3.3% at Republic Services and +6.1% at Waste Connections.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.