RSGNYSERefuse SystemsFiscal year ends December 31
REPUBLIC SERVICES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$229.03−2.51 (-1.08%)
Close on Oct 19, 2026
- Market cap
- $70.46B
- P/E (TTM)
- 32.4
- Dividend yield
- 1.05%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
49.4%+0.1 pts over 5 years
Operating margin
17.4%+3.1 pts over 5 years
Net margin
11.2%+3.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.3% | +6.7% | +9.6% | +7.6% | |
| Gross profit | +3.6% | +8.1% | +9.6% | +10.1% | |
| Operating income | +3.3% | +11.3% | +14.1% | +7.8% | |
| Net income | +4.7% | +12.9% | +17.2% | +11.1% | |
| EPS, diluted | +5.5% | +13.5% | +17.8% | +12.4% | |
| Free cash flow | +15.8% | +11.5% | +13.5% | +12.6% | |
| Dividend per share | +8.1% | +8.1% | +7.7% | +7.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.9% | 11.7% | 18.3% | |
| Return on assets | 3.0% | 4.2% | 6.4% | |
| Current ratio | 0.71 | 0.67 | 0.64 | |
| Debt to equity | 1.00 | 1.05 | 1.13 | |
| Net debt to EBITDA | 2.98× | 3.17× | 2.64× | |
| Interest coverage | 4.1× | 4.8× | 5.8× | |
| Inventory turnover | 139.2× | 105.3× | 94.4× | |
| Capex to revenue | 8.2% | 9.9% | 9.9% | |
| Diluted shares | 344M | 320M | 312M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Republic Services generated $17.83B from operations and spent $13.42B on capital expenditure, dividends and share buybacks. 61% of that went back into the business.
Generated
$17.83B
Used
$13.42B
Capital expenditure$8.14B61%Dividends$3.21B24%Share buybacks$2.07B15%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.2%
×Asset turnover0.57×
×Equity multiplier2.86×
=Return on equity, FY202518.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.2% | 0.57× | 2.86× | 18.3% |
| FY2024 | 11.1% | 0.58× | 2.91× | 18.6% |
| FY2023 | 10.0% | 0.57× | 2.99× | 17.1% |
| FY2022 | 9.5% | 0.58× | 2.89× | 15.9% |
| FY2021 | 9.7% | 0.55× | 2.77× | 14.8% |
| FY2020 | 8.0% | 0.52× | 2.78× | 11.7% |
| FY2019 | 8.8% | 0.55× | 2.76× | 13.4% |
| FY2018 | 8.7% | 0.56× | 2.69× | 13.1% |
| FY2017 | 10.6% | 0.58× | 2.67× | 16.3% |
| FY2016 | 5.4% | 0.55× | 2.66× | 7.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.14B
- Cash generatingOperating cash flow above zero$4.30B
- Return on assets improvedROA up on the prior year6.5% → 6.6%
- Earnings backed by cashOperating cash flow above net income$4.30B vs $2.14B
- Less leverageLong-term debt to assets fell36.6% → 37.8%
- Better liquidityCurrent ratio rose0.58 → 0.64
- No dilutionShare count did not rise315M → 312M
- Gross margin improvedGross margin up on the prior year49.23% → 49.39%
- More efficientAsset turnover rose0.59 → 0.59