Republic Services (RSG) FY2024 results: revenue $16.0 billion, up 7.1% on the year
Republic Services, Inc. (RSG) reported revenue of $16.0 billion for fiscal 2024, the year ended 31 December 2024, up 7.1% on the year before. Net income was $2.0 billion, up 18.0%, and diluted earnings per share $6.49. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$16.0 billion
+7.1% on the year
FY2017FY2024
Operating margin
19.9%
18.6% a year earlier
FY2017FY2024
Net income
$2.0 billion
+18.0% on the year
FY2017FY2024
Diluted EPS
$6.49
+18.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,936
3,618
3,190
+8.8%
Capital expenditure
1,855
1,631
1,454
+13.7%
Free cash flow
2,081
1,987
1,736
+4.7%
Free cash flow margin
13.0%
13.3%
12.8%
Cash from investing
-2,561
-3,667
-4,423
Cash from financing
-1,398
61.9
1,344
Depreciation and amortisation
1,677
1,501
1,352
+11.7%
Share-based compensation
42.0
41.0
39.0
+2.4%
Buybacks
482
262
203
+84.1%
Dividends paid
687
638
593
+7.7%
Dividend per share
$2.23
$2.06
$1.91
+8.3%
Diluted shares, weighted
315m
317m
317m
-0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
11,405
10,542
9,686
+8.2%
Non-controlling interest
2.0
1.0
0.8
+100.0%
Debt
12,840
12,819
11,902
+0.2%
Operating lease liabilities
189
195
238
-3.0%
Finance lease liabilities
249
238
233
+4.4%
Other liabilities
7,717
7,614
6,993
+1.4%
Total liabilities and equity
32,402
31,410
29,053
+3.2%
Goodwill
15,982
15,834
14,452
+0.9%
Intangible assets
546
496
347
+10.0%
Cash and equivalents
74.0
140
143
-47.1%
Receivables
1,821
1,768
1,677
+3.0%
Inventory
98.0
98.0
96.6
0.0%
Other assets
13,881
13,073
12,337
+6.2%
Total assets
32,402
31,410
29,053
+3.2%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.