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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) 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… From the company’s description.

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) 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.

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.

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  • “How do Republic Services and its peers compare on margins and cash generation over ten years?”
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