RSG

REPUBLIC SERVICES, INC.

Ticker: RSGUtilitiesElectric, Gas & WaterS&P 500
HQ PHOENIX, AZCIK 1060391FY end 12-31Book / share $39.00Shares 309M
Revenue (FY)
$16.59B+3.49%
TTM $16.89B
Op. margin
19.90%-0.03%
TTM 19.94%
Net income
$2.14B+4.65%
TTM $2.19B
Operating cash
$4.30B+9.15%
TTM $4.54B
Free cash flow
$2.41B+15.76%
TTM $2.65B
Return on equity
18.03%-0.11%
TTM 18.17%
Debt / equity
1.13+0.02%
TTM 1.17
Shares outstanding
312.2M-0.83%
TTM 308.5M

The business

Republic Services, Inc. (NYSE: RSG) is one of the largest providers of environmental services in North America, operating a comprehensive platform that manages the complete lifecycle of waste and recyclable materials. The company maintains an extensive network across the United States and Canada, including 377 collection operations, 255 transfer stations, 79 recycling centers, 207 active landfills, and various specialized treatment and disposal facilities. Republic Services employs approximately 42,000 full-time employees and serves customers through a vertically integrated operating model that captures material streams from collection through final processing or disposal.

The company's business is organized into three primary operating groups. Group 1 focuses on recycling and waste services in western United States markets, Group 2 serves southeastern, midwestern, eastern seaboard and Canadian markets, and Group 3 operates the environmental solutions segment across North America. In 2025, collection services generated approximately 68 percent of total revenue, with residential services representing 18 percent, small-container services 30 percent, and large-container services 19 percent. Transfer and recycling processing services contributed approximately 8 percent of revenue combined, while landfill services accounted for 12 percent. Environmental solutions represented 11 percent of revenue.

Republic Services differentiates itself through three core capabilities: customer zeal, digital innovation, and sustainability leadership. The company operates the third largest vocational truck fleet in the United States and has converted approximately 79 percent of residential routes to automated single-driver trucks. The company operates more than 180 electric collection vehicles and maintains 32 commercial-scale electric charging facilities as part of its fleet electrification strategy.

The company's sustainability innovation initiatives include Polymer Centers that vertically integrate plastics collection through recycled content production, and Blue Polymers, a joint venture producing custom recycled resins. Republic operates 77 landfill gas-to-energy projects and maintains post-closure responsibility for 124 closed landfills. The company's addressable market spans approximately 163 billion dollars annually across recycling and waste, broader environmental solutions, and sustainability innovation segments. Additional information is available at republicservices.com.

Sector
Utilities
Industry
Electric, Gas & Water
HQ
PHOENIX, AZ
FY end
12-31
CIK
1060391
SIC
4953
Financial performance · annual
20132025
$-1.69B$3.38B$8.45B$13.51B$18.58B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds REPUBLIC SERVICES, INC. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

783
funds hold it
0 of 35
superinvestors hold it
$13.69B
fund-held value
21.2%
of shares held by funds
19
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.06%$1.35B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.07%$1.10B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.07%$586.07M
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.07%$516.43M
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.06%$516.13M

Bonds held by funds

Funds report holding 19 issues of REPUBLIC SERVICES, INC.'s debt, $1.28B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.08%, maturing 20262050.

IssueCouponMaturesFundsFund-held
Republic Services Inc4.875%2029-04-0173$158.28M
Republic Services Inc5.000%2034-04-0166$131.27M
Republic Services Inc5.150%2035-03-1542$118.78M
RSG 4.75 07/15/304.750%2030-07-1562$108.71M
RSG 1.75 02/15/321.750%2032-02-1541$98.18M
Republic Services Inc2.300%2030-03-0145$89.68M
Republic Services Inc3.950%2028-05-1557$81.92M
RSG 5.2 11/15/345.200%2034-11-1539$69.65M
Republic Services Inc1.450%2031-02-1543$68.59M
Republic Services Inc2.375%2033-03-1544$67.15M

The 10 largest by fund-held value, of 19.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of REPUBLIC SERVICES, INC.'s financials

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