Republic Services, Inc. (RSG)

Name: Republic Services, Inc. (RSG): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Republic Services, Inc. (RSG) reported revenue of $5.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 4.0% on the same quarter a year earlier. Net income was $566 million, up 2.9% on the year, and diluted earnings per share $1.84. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$5.1 billionup 4.0%

Net income$566 millionup 2.9%

Diluted EPS$1.84

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE18.2%

ROCE13.2%

Operating margin17.4%

Net margin11.3%

FCF margin13.7%

Interest cover5.70

Debt to equity1.12

Cash conversion2.08

Share count, 1 year-1.9%

Sales CAGR, 3 years6.7%

Profit CAGR, 3 years12.9%

EPS, TTM$7.06

At the close of 21 September 2026

Price$213.93

Market cap$65.5 billion

Stock P/E30.30

Price to book5.44

EV / EBITDA15.08

Dividend yield1.2%

Market cap / sales3.39

52-week high$232.27

52-week low$197.73

Price, 1 year-5.7%

Price CAGR, 3 years13.5%

Price CAGR, 5 years11.4%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure Republic Services, Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RSG

Filings	17 in twelve months: 10 current reports (8-K), about 6 other events; 4 results of operations; 2 regulation fd disclosure; 1 shareholder vote; 1 charter or bylaw amendment, or fiscal year change
Planned insider sales	3 Form 144 notices in twelve months, $452,366; latest 11 June 2026
Options tape	put/call 0.9 by open interest on 23 September 2026; the straddle prices a 4.5% move to 16 October 2026
Holders	9 of the followed funds hold it; largest Geode Capital Management; 2 Schedule 13D or 13G filings in twelve months
Insider trading	3 sales and 107 purchases on Form 4 in twelve months
Congress	0 House trades disclosed in six months
Short interest	4.2 million shares short, 2.92 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	4,414	4,396	4,439	4,663	4,680	4,635	4,593	4,882	4,827	4,725	4,699	5,076
Cost of revenue	2,284	2,264	2,283	2,383	2,367	2,317	2,314	2,449	2,463	2,404	2,366	2,563
Gross profit	2,130	2,132	2,156	2,281	2,313	2,318	2,279	2,433	2,364	2,321	2,333	2,513
Gross margin	48%	48%	49%	49%	49%	50%	50%	50%	49%	49%	50%	50%
SG&A	402	431	414	408	406	446	427	425	422	436	425	444
Operating income	728	701	733	814	846	804	804	861	836	801	830	901
Operating margin	16%	16%	17%	17%	18%	17%	18%	18%	17%	17%	18%	18%
Interest expense	128	130	139	128	138	133	140	145	143	146	151	151
Pre-tax income	606	483	599	654	646	533	665	720	645	564	656	699
Tax rate	21%	9%	24%	22%	12%	4%	26%	24%	15%	4%	20%	19%
Net income	480	440	454	512	566	512	495	550	550	545	525	566
Net margin	11%	10%	10%	11%	12%	11%	11%	11%	11%	12%	11%	11%
Diluted EPS	$1.52	$1.39	$1.44	$1.62	$1.80	$1.63	$1.58	$1.75	$1.76	$1.76	$1.70	$1.84
Operating cash flow	953	898	812	1,099	1,003	1,022	1,025	1,109	1,181	981	1,227	1,153
Capital expenditure	369	548	514	403	454	483	459	407	444	577	476	392
Free cash flow	584	351	297	696	549	539	566	702	737	404	751	761
Buybacks	190	71.4	0.0	168	153	161	55.0	4.0	540	271	292	367
Dividends paid	156	169	168	168	168	182	181	181	182	194	193	192
Shares outstanding	315m	315m	315m	314m	313m	312m	312m	312m	310m	309m	308m	306m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015 †	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022 †	FY2023 †	FY2024	FY2025	TTM
Revenue	10,611	11,014	11,355	12,071	11,892	12,193	12,032	13,322	15,645	17,279	18,418	19,027	19,327
Cost of revenue	5,643	5,519	5,764	6,215	6,150	6,298	6,100	6,738	8,205	8,942	9,350	9,630	9,796
Gross profit	4,983	5,495	5,591	5,856	5,742	5,895	5,931	6,584	7,440	8,336	9,068	9,397	9,531
Gross margin	47.0%	49.9%	49.2%	48.5%	48.3%	48.3%	49.3%	49.4%	47.6%	48.2%	49.2%	49.4%	49.3%
Selling, general and administrative	919	983	970	1,057	1,060	1,092	1,053	1,196	1,454	1,609	1,674	1,710	1,727
Operating income	1,233	1,559	1,538	1,668	1,736	1,787	1,709	2,076	2,392	2,780	3,196	3,302	3,368
Operating margin	11.6%	14.2%	13.5%	13.8%	14.6%	14.7%	14.2%	15.6%	15.3%	16.1%	17.4%	17.4%	17.4%
Interest expense	349	365	371	362	384	392	356	315	396	508	539	574	591
Pre-tax income	885	1,196	966	1,282	1,321	1,296	1,143	1,575	1,832	2,192	2,432	2,594	2,564
Income tax	337	446	353	3.1	283	222	173	283	344	460	388	455	379
Effective tax rate	38.1%	37.3%	36.5%	0.2%	21.4%	17.1%	15.1%	18.0%	18.8%	21.0%	16.0%	17.5%	14.8%
Net income	548	750	613	1,278	1,037	1,073	967	1,290	1,488	1,731	2,043	2,139	2,186
Net margin	5.2%	6.8%	5.4%	10.6%	8.7%	8.8%	8.0%	9.7%	9.5%	10.0%	11.1%	11.2%	11.3%
Diluted EPS	$1.53	$2.13	$1.78	$3.77	$3.16	$3.33	$3.02	$4.04	$4.69	$5.47	$6.49	$6.85	$7.06
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015 †	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022 †	FY2023 †	FY2024	FY2025	TTM
Operating cash flow	1,530	1,680	1,848	1,911	2,243	2,352	2,472	2,787	3,190	3,618	3,936	4,296	4,542
Capital expenditure	862	946	928	990	1,072	1,207	1,195	1,316	1,454	1,631	1,855	1,887	1,889
Free cash flow	667	734	920	921	1,171	1,145	1,277	1,470	1,736	1,987	2,081	2,409	2,653
Free cash flow margin	6.3%	6.7%	8.1%	7.6%	9.8%	9.4%	10.6%	11.0%	11.1%	11.5%	11.3%	12.7%	13.7%
Depreciation and amortisation	907	971	991	1,036	1,033	1,040	1,076	1,186	1,352	1,501	1,677	1,814	1,866
Share-based compensation	17.4	18.9	23.2	34.6	39.0	39.5	37.3	57.0	39.0	41.0	42.0	n/a	n/a
Buybacks	401	405	404	611	737	399	98.8	252	203	262	482	870	1,470
Dividends paid	379	399	419	440	462	491	522	553	593	638	687	738	761
Dividend per share	$1.08	$1.16	$1.24	$1.33	$1.44	$1.56	$1.66	$1.77	$1.91	$2.06	$2.23	$2.41	$2.50
Diluted shares, weighted	358m	351m	344m	339m	328m	322m	320m	319m	317m	317m	315m	312m	308m
Shares outstanding at period end	n/a	n/a	n/a	n/a	352m	353m	n/a	n/a	n/a	n/a	n/a	n/a	306m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015 †	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022 †	FY2023 †	FY2024	FY2025	TTM
Total assets	20,052	20,536	20,630	21,147	21,617	22,684	23,434	24,955	29,053	31,410	32,402	34,366	35,159
Cash and equivalents	75.2	32.4	67.8	83.3	70.5	47.1	38.2	29.0	143	140	74.0	76.0	107
Receivables	930	963	995	1,106	1,103	1,126	1,091	1,271	1,677	1,768	1,821	1,897	2,029
Inventory	35.9	38.8	44.0	51.2	53.1	56.8	59.1	72.2	96.6	98.0	98.0	106	115
Goodwill	10,831	11,146	11,163	11,315	11,400	11,633	12,046	12,826	14,452	15,834	15,982	16,715	17,186
Total debt, as filed	7,061	7,533	7,659	8,187	8,300	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Long-term debt	7,061	7,533	7,659	8,187	8,445	8,789	9,055	9,678	11,902	12,819	12,840	13,710	n/a
Long-term debt including finance leases	7,051	7,527	7,653	7,481	7,647	7,759	8,766	9,546	11,330	11,887	11,851	12,985	13,521
Borrowings, as the company tags them	7,124	7,636	7,748	8,282	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	212	207	239	238	195	189	177	177
Finance lease liabilities	n/a	n/a	n/a	n/a	n/a	110	201	241	233	238	249	278	n/a
Shareholders' equity	7,745	7,774	7,691	7,959	7,927	8,118	8,484	8,979	9,686	10,542	11,405	11,968	12,032
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	5.6%	9.6%	6.7%	2.9%
Profit growth, compounded	11.1%	17.2%	12.9%	3.0%
Return on equity, average	14.4%	16.4%	17.4%	17.9%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Refuse Systems

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Waste Management Inc. WM	$82.8 billion	29.33	28.7%	17.6%	7.2%	2.24	1.6%
Republic Services, Inc. RSG	$65.5 billion	30.30	18.2%	17.4%	2.9%	1.12	1.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	7 August 2026	EDGAR
10-Q	31 March 2026	8 May 2026	EDGAR
10-K	31 December 2025	18 February 2026	EDGAR
10-Q	30 September 2025	31 October 2025	EDGAR
10-Q	30 June 2025	30 July 2025	EDGAR
10-Q	31 March 2025	25 April 2025	EDGAR
10-K	31 December 2024	14 February 2025	EDGAR
10-Q	30 September 2024	30 October 2024	EDGAR
10-Q	30 June 2024	25 July 2024	EDGAR
10-Q	31 March 2024	1 May 2024	EDGAR

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