RSG on NYSE

Republic Services

Logo: Republic Services, Inc., Public domain, via Wikimedia Commons5

American waste disposal corporation

Republic Services, Inc. is a American waste disposal company whose services include non-hazardous solid waste collection, waste transfer, waste disposal, recycling, and energy services.3 From Wikipedia, CC BY-SA 4.0

$229.61 up 5.17 (2.30%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1998Founded1

Compare with Waste Management, Inc, Waste Connections or Casella Waste Systems, or pick any stock.

  • TickerRSG on NYSE1
  • Industrywaste management1
  • HeadquartersPhoenix1
  • Websitewww.republicservices.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address18500 N. Allied Way, Phoenix, Az 850546
  • Filer categoryLarge accelerated filer6

Republic Services, Inc. is a American waste disposal company whose services include non-hazardous solid waste collection, waste transfer, waste disposal, recycling, and energy services. It is the second largest provider of waste disposal in the United States (as measured by revenue) after Waste Management. Its operations primarily consist of providing collection, transfer, and disposal of non-hazardous solid waste, recovering and recycling of certain materials, and energy services. The company is 35.1% owned by Bill Gates's Cascade Investment.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.9%Operating margin8
12.9%Net margin8
3.5%Revenue growth, 20258
17.9%Return on equity8
1.15×Debt to equity8
$2.4BFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Collection Service Line - Small-container brought in 28% of the revenue Republic Services broke down this way in fiscal 2025.

  1. Collection Service Line - Small-container$5.1B828%up 5% from 2024
  2. Landfill Service Line$3.2B818%up 7% from 2024
  3. Collection Service Line - Large-container$3.1B817%up 2% from 2024
  4. Collection Service Line - Residential$3.0B817%up 2% from 2024
  5. Environmental Solutions Service Line$1.8B810%down 4% from 2024
  6. Transfer Service Line$848.0M85%up 5% from 2024
  7. Other Service Line - Sale Of Recycled Commodities$433.0M82%up 6% from 2024
  8. Other Service Line - Other Non-core$391.0M82%up 3% from 2024
  9. Collection Service Line - Other$70.0M80%down 3% from 2024
Products and services by year
Products and services202320242025
Collection Service Line - Small-container$4.4B$4.8B$5.1B
Landfill Service Line$2.9B$3.0B$3.2B
Collection Service Line - Large-container$2.9B$3.0B$3.1B
Collection Service Line - Residential$2.8B$2.9B$3.0B
Environmental Solutions Service Line$1.7B$1.9B$1.8B
Transfer Service Line$766.0M$805.0M$848.0M
Other Service Line - Sale Of Recycled Commodities$312.0M$409.0M$433.0M
Other Service Line - Other Non-core$330.0M$379.0M$391.0M
Collection Service Line - Other$69.0M$72.0M$70.0M

Business segments

Group 1 brought in 45% of the revenue Republic Services broke down this way in fiscal 2025.

  1. Group 1$7.5B845%up 7% from 2024
  2. Group 2$7.3B844%up 2% from 2024
  3. Group 3$1.8B811%down 4% from 2024
Business segments by year
Business segments202320242025
Group 1$6.5B$7.0B$7.5B
Group 2$6.8B$7.1B$7.3B
Group 3$1.6B$1.8B$1.8B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue58¢$9.6B
  • Selling, general and admin10¢$1.7B
  • Other costs16¢$2.7B
  • Income tax3¢$455.0M
  • Profit13¢$2.1B

Out of $16.6B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending44¢$1.9B
  • Dividends paid17¢$738.0M
  • Share buybacks20¢$870.0M
  • Kept or used elsewhere19¢$801.0M

Out of $4.3B of cash from operations.8

Financial statements

Revenue91011128$16.6B in 2025+61% since 2019
0$5.0B$10.0B$15.0B$20.0B2019: $10.3B$10.3B20192020: $10.2B$10.2B2020−1%2021: $11.3B$11.3B2021+11%2022: $13.5B$13.5B2022+20%2023: $15.0B$15.0B2023+11%2024: $16.0B$16.0B2024+7%2025: $16.6B$16.6B2025+3%
Operating income91011128$3.3B in 2025+85% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.8B$1.8B20192020: $1.7B$1.7B2020−4%2021: $2.1B$2.1B2021+21%2022: $2.4B$2.4B2022+15%2023: $2.8B$2.8B2023+16%2024: $3.2B$3.2B2024+15%2025: $3.3B$3.3B2025+3%
Net income91011128$2.1B in 2025+99% since 2019
0$1.0B$2.0B$3.0B2019: $1.1B$1.1B20192020: $967.2M$967.2M2020−10%2021: $1.3B$1.3B2021+33%2022: $1.5B$1.5B2022+15%2023: $1.7B$1.7B2023+16%2024: $2.0B$2.0B2024+18%2025: $2.1B$2.1B2025+5%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Revenue$16.6B$16.0B$15.0B
Cost of operations$9.6B$9.3B$8.9B
Depreciation, depletion and amortization$1.8B$1.7B$1.5B
Accretion$114.0M$107.0M$98.0M
Selling, general and administrative$1.7B$1.7B$1.6B
Adjustment to withdrawal liability for multiemployer pension funds$1.0M$0$5.0M
Gain on business divestitures and impairments, net$0-$1.0M-$4.0M
Restructuring charges$20.0M$29.0M$33.0M
Operating income$3.3B$3.2B$2.8B
Interest expense-$574.0M-$539.0M-$508.0M
Loss from unconsolidated equity method investments-$163.0M-$255.0M-$94.0M
Loss on extinguishment of debt$0-$2.0M$0
Interest income$8.0M$9.0M$6.0M
Other income, net$21.0M$23.0M$7.0M
Income before income taxes$2.6B$2.4B$2.2B
Provision for income taxes$455.0M$388.0M$460.0M
Net income$2.1B$2.0B$1.7B
Net income attributable to non-controlling interests in consolidated subsidiary$0-$1.0M$0
Net income attributable to Republic Services, Inc.$2.1B$2.0B$1.7B
Basic earnings per share (in dollars per share)$6.86$6.50$5.47
Weighted average common shares outstanding (in shares)311.9M shares314.4M shares316.2M shares
Diluted earnings per share (in dollars per share)$6.85$6.49$5.47
Weighted average common and common equivalent shares outstanding (in shares)312.2M shares314.8M shares316.7M shares
Cash dividends per common share (in dollars per share)$2.41$2.23$2.06

Compare Republic Services with another company

The story

The company's founding date is unknown. In 1995, Wayne Huizenga, formerly chairman of Waste Management, invested $64 million of his own money and raised an additional $168 million to acquire the company and became its chairman. In July 1998, Republic Industries completed the corporate spin-off of Republic Services via an initial public offering, and then changed its name to AutoNation. In 2008, Waste Management bid $6.73 billion for the company.

At the end of 2015, Republic Services opened a $35 million, 110,000 square-foot North Las Vegas Recycling Center, designed by local architect Edward Vance of EV&A Architects. The plant's solar panels generate enough energy to run the plant for two to three months. The plant can process two million pounds of recycled paper each day, or 70 tons per hour. Eventually, the plant will be able to recycle three million pounds of paper per day. Optical sorters use 2D and 3D technologies to speed sorting.

In July 2016, Republic Services and Mas Energy launched a new renewable energy project to serve the Atlanta metropolitan area. The project includes three landfill gas-to-energy facilities in Buford, Griffin, and Winder. The facilities will produce 24.1 megawatts of electricity, enough to power 15,665 households. The three facilities together will be the largest landfill gas-to-energy project in Georgia.

Republic Services converts landfill gas, the natural byproduct of decomposing waste, to energy. The use of landfill gas is beneficial to the U.S. economy by reducing air pollution through the capture and use of methane. As of July 2016, Republic Services operated 69 landfill gas and renewable energy projects.

In January 2016, the company said it will invest $20 million in 2016 to design and implement its Customer Resource Centers in addition to other customer focused initiatives. The company predicted the changes to result in a yearly savings of about $10 million. The plan called for the consolidation of 108 regional customer centers into three main customer resource centers in Fishers, Indiana, Charlotte, North Carolina, and Chandler, Arizona.

In February 2016, North Carolina Governor Pat McCrory and N.C. Commerce Secretary John E. Skvareta, III, announced that Republic Services was to open a full-service Customer Resource Center in Charlotte. It was expected that the facility would create over 350 new jobs, while Republic's investment in the center was projected to be over $6.8 million over the next three years.

In April 2017, Republic Services opened a customer service center in Fishers, Indiana, employing over 250 workers, with plans to hire an additional 120 during the year. The company invested $13.6 million to renovate and equip office space along the I-69 corporate corridor in Fishers. The customer service office was expected to create up to 469 new jobs by 2025.

In April 2015, Republic Services opened a landfill gas-to-energy project near Los Angeles at the Sunshine Canyon Landfill. The 20-megawatt renewable energy project can supply enough electricity to power almost 25,000 homes in the area.

Read the full text

In April 2016 the city of Boise, Idaho considered the implementation of a composting program, utilizing Republic Services, the company that was already hauling garbage in the city. The program went into effect in June 2017. After a little more than one month, the company picked up 1,716 tons of compost from Boise's single-family homes.

In May 2017, in partnership with the Alabama Coastal Foundation (ACF) Republic Services launched an oyster shell collection program with several coastal restaurants. Funded by a two-year grant from the National Fish and Wildlife Foundation, the goal of the collection program is to create sustainable oyster habitats and to teach the public about the importance of oyster shell recycling.

In 2017, the company invested $29 million in solar projects at some of its landfills and other locations. Republic Services has either built, invested in, or operates over 236,000 solar panels at 19 generating facilities in the US, with a total capacity of 80 megawatts, enough electricity to power 208,000 homes.

Republic Services continues to expand renewable energy projects on closed landfill sites. A notable example is its 13.5-megawatt Massachusetts solar project, developed with Soltage and activated in 2017. The three-site installation comprises approximately 41,000 solar panels and produces enough electricity for roughly 1,900 homes while offsetting more than 14,000 tons of carbon emissions annually.

Management

In December 1998, James E. O'Connor replaced Wayne Huizenga as CEO. After 12 years as CEO of Republic Services, James O’Connor retired on January 1, 2011, and was replaced by the president and COO of Republic Services, Don Slager. James P. Snee and Katharine Weymouth were appointed to the Republic Services Board of Directors in 2018, resulting in a total of 12 board members, 11 of them independent. In April 2019, Jon Vander Ark became president and in 2021, Slager retired and Vander Ark was named CEO.

From Wikipedia’s article on Republic Services, shared under CC BY-SA 4.0.7

Leadership

Who has led Republic Services, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Don Slager2011–now
200020052010201520202025

Subsidiaries and ownership

Owners

  • Cascade Investment

From Wikidata.1

Former names

  • REPUBLIC SERVICES INCJul 8, 1998 to Jan 7, 20096

Timeline

  1. Jan 1, 2011New chief executive Don Slager becomes CEO1
  2. Jul 1, 1998Went public Listed on NYSE1
  3. 1998Founded Founded1

Recent filings

  1. Sep 14, 20264 OWNERSHIP DOCUMENT
  2. Sep 10, 20264 OWNERSHIP DOCUMENT
  3. Sep 9, 2026SCHEDULE 13D/A
  4. Sep 8, 20264 OWNERSHIP DOCUMENT
  5. Sep 3, 20264 OWNERSHIP DOCUMENT
  6. Sep 1, 20264 OWNERSHIP DOCUMENT
  7. Aug 28, 20264 OWNERSHIP DOCUMENT
  8. Aug 26, 20264 OWNERSHIP DOCUMENT
  9. Aug 26, 20264
  10. Aug 24, 20264 OWNERSHIP DOCUMENT
  11. Aug 20, 2026SCHEDULE 13D/A
  12. Aug 20, 20264 OWNERSHIP DOCUMENT
  13. Aug 18, 20264 OWNERSHIP DOCUMENT
  14. Aug 14, 20264 OWNERSHIP DOCUMENT
  15. Aug 12, 20264 OWNERSHIP DOCUMENT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2