Republic Services (RSG): financials, SEC filings and peers
Republic Services (RSG) is an environmental & facilities services company in the Industrials sector of the S&P 500, headquartered in Phoenix, Arizona.
It was founded in 1998 and joined the S&P 500 on December 5, 2008.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Refuse Systems”.
Republic Services at a glance
- Revenue (12 months)
- $19.3B
- Revenue growth
- +2.9%
- Operating margin
- 17.4%
- Net income (12 months)
- $2.2B
- Free cash flow (12 months)
- $2.7B
- Cash
- $107M
- Debt
- $14.1B
- Diluted EPS (12 months)
- $7.05
Twelve months to June 30, 2026, from the 10-Q filed August 7, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Republic Services reported revenue of $19.3 billion, about the same as a year earlier (+2.9%).
Its operating margin was 17.4%: for every $100 of sales, about $17 was left as operating profit.
Net income was $2.2 billion (11.3% of revenue), 3.0% higher than a year earlier.
Operating cash flow was $4.5 billion and capital spending $1.9 billion, leaving free cash flow of $2.7 billion (13.7% of revenue).
At the end of the period it held $107 million in cash and $14.1 billion in debt, a net debt position of $14.0 billion.
The diluted share count fell 1.8% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $12.0 billion in fiscal 2020 to $19.0 billion in fiscal 2025, about 9.6% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 14.2% to 17.4% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.3B | $15.6B | $17.3B | $18.4B | $19.0B |
| Revenue growth | 10.7% | 17.4% | 10.4% | 6.6% | 3.3% |
| Operating margin | 15.6% | 15.3% | 16.1% | 17.4% | 17.4% |
| Net income | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B |
| Free cash flow | $1.5B | $1.7B | $2.0B | $2.1B | $2.4B |
| Diluted EPS | $4.04 | $4.69 | $5.47 | $6.49 | $6.85 |
Fiscal years as reported in Republic Services’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed August 7, 2026 — quarterly report
- 8-K filed August 6, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed July 30, 2026 — Other event
- 8-K filed June 24, 2026 — Other event
- 8-K filed May 11, 2026 — Shareholder vote results
- 10-Q filed May 8, 2026 — quarterly report
- 8-K filed May 7, 2026 — Earnings results; Other event
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Questions about Republic Services
Is Republic Services's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $19.3 billion, up 2.9% from a year earlier, according to its SEC filings.
Is Republic Services profitable?
Yes. It earned $2.2 billion in net income over the twelve months to June 30, 2026, a net margin of 11.3%.
Does Republic Services have more cash or more debt?
At June 30, 2026 it had $107 million in cash and $14.1 billion in debt, so more debt than cash.
When did Republic Services last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 7, 2026.
Which companies are similar to Republic Services?
In the S&P 500, Republic Services is grouped in Environmental & Facilities Services within the Industrials sector. Rollins, Inc. (ROL), Veralto (VLTO), Waste Management (WM) are in the same group.
Understand the numbers
Source: Republic Services’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.