Republic Services (RSG) financials
Republic Services revenue and earnings by year
Republic Services's revenue was $16.6 billion in the fiscal year to December 31, 2025, up 3.5% from the year before. Net income was $2.14 billion, 12.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 6.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.6 | 16.0 | 15.0 | 13.5 | 11.3 | 10.2 | 10.3 | 10.0 | 10.0 | 9.4 |
| Revenue growth | 3.5% | 7.1% | 10.8% | 19.6% | 11.2% | -1.4% | 2.6% | -0.0% | 7.0% | — |
| Gross profit | 7.0 | 6.7 | 6.0 | 5.3 | 4.6 | 4.1 | 4.0 | 3.9 | 3.8 | 3.6 |
| Gross margin | 42.0% | 41.7% | 40.2% | 39.3% | 40.3% | 39.9% | 38.8% | 38.8% | 38.1% | 38.6% |
| Operating income | 3.3 | 3.2 | 2.8 | 2.4 | 2.1 | 1.7 | 1.8 | 1.7 | 1.7 | 1.5 |
| Operating margin | 20.0% | 20.1% | 18.6% | 17.7% | 18.4% | 16.9% | 17.4% | 17.3% | 16.6% | 16.4% |
| Net income | 2.1 | 2.0 | 1.7 | 1.5 | 1.3 | 1.0 | 1.1 | 1.0 | 1.3 | 0.6 |
| Net margin | 12.9% | 12.7% | 11.6% | 11.0% | 11.4% | 9.5% | 10.4% | 10.3% | 12.7% | 6.5% |
| Diluted EPS | $6.85 | $6.49 | $5.47 | $4.69 | $4.04 | $3.03 | $3.33 | $3.16 | $3.79 | $1.77 |
| Free cash flow | 2.4 | 2.1 | 2.0 | 1.8 | 1.5 | 1.3 | 1.2 | 1.2 | 0.9 | 0.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open RSG in Markets.
How Republic Services makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Group1 | $2.33B | 46.8% |
| Group2 | $2.18B | 43.9% |
| Group3 | $463M | 9.3% |
See also: RSG valuation and P/E history · RSG returns
No forecast, no recommendation. This page describes Republic Services from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.