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Companies / Industrials / Republic Services
RSG

Republic Services

IndustrialsElectric, Gas & WaterS&P 500
Ticker RSGPHOENIX, AZFiscal year ends DecemberBook value per share $39.00Diluted shares 308.5M

Republic Services, Inc. (NYSE: RSG) provides environmental services across the United States and Canada, serving households, municipalities, businesses, and industrial customers. Its services include residential and commercial collection of recyclables and solid, industrial, and construction waste; waste transfer,… From the company’s description.

In fiscal 2025, Republic Services reported revenue of $16.59B, up 3.5% from fiscal 2024, and net income of $2.14B. Its operating margin was 19.9%, and operations generated $4.30B in cash. Over the twelve months to Jun 30, 2026, revenue was $16.89B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$16.59BFY2025
+3.5% year over year
Last 12 mo $16.89B
19.90%FY2025
No change, year over year
Last 12 mo 19.94%
$2.14BFY2025
+4.6% year over year
Last 12 mo $2.19B
18.01%FY2025
−0.1 percentage points
Last 12 mo 18.17%
Cash & financing
$4.30BFY2025
+9.1% year over year
Last 12 mo $4.54B
$2.41BFY2025
+15.8% year over year
Last 12 mo $2.65B
1.13FY2025
Was 1.11× a year earlier
Last 12 mo 1.17
312.2MFY2025
−0.8% year over year
Last 12 mo 308.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Republic Services does

In the company’s own words

Republic Services, Inc. (NYSE: RSG) provides environmental services across the United States and Canada, serving households, municipalities, businesses, and industrial customers. Its services include residential and commercial collection of recyclables and solid, industrial, and construction waste; waste transfer, recycling, and disposal; and treatment, recycling, and disposal of hazardous and non-hazardous waste. Customers include municipalities, households, commercial and industrial facilities, and oil and natural gas operators. In 2025, collection generated approximately 68% of revenue, while environmental solutions generated about 11%; recycling and waste operations include collection, transfer, recycling, and landfill services. The company also develops sustainability offerings, including plastics recycling through its Polymer Centers and renewable energy projects using landfill gas. Its operating network includes 377 collection operations, 79 recycling centers, and 207 active landfills, and it had approximately 42,000 full-time employees at year-end 2025. Its website is republicservices.com.

Company details
Sector
Industrials
Industry (SIC)
Electric, Gas & Water
Headquarters
PHOENIX, AZ
Fiscal year end
December
CIK
1060391
SIC
4953

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.69B$3.38B$8.45B$13.51B$18.58B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Republic Services — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

783
funds hold it
0 of 35
superinvestors hold it
$13.69B
held by funds, at market
21.2%
of shares held by funds
19
bond issues held by funds

Largest fund holders · Republic Services’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.07%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.07%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Republic Services’s bonds, as funds hold them

Funds report holding 19 issues of Republic Services’s debt, $1.28B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.08%, maturing 2026 to 2050.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Republic Services and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Republic Services's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Republic Services's last four quarterly filings that the numbers alone won't show?”
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