Republic ServicesRSGEarnings & Financial Report
Republic Services, Inc. is a North 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 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.
Revenue
$4.2B
Gross Profit
$1.7B
Operating Profit
$836.0M
Net Profit
$549.7M
Gross Margin
41.5%
Operating Margin
19.8%
Net Margin
13.1%
YoY Growth
3.3%
EPS
$1.76
Republic Services Q3 FY2025 Financial Summary
Republic Services reported revenue of $4.2B (up 3.3% YoY) for Q3 FY2025, with a net profit of $549.7M (down 2.8% YoY) (13.1% margin). Cost of goods sold was $2.5B, operating expenses totaled $913.0M.
Key Financial Metrics
| Total Revenue | $4.2B |
|---|---|
| Net Profit | $549.7M |
| Gross Margin | 41.5% |
| Operating Margin | 19.8% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Republic Services Q3 FY2025 revenue of $4.2B breaks down across 10 segments, led by Landfill Service Line at $845.0M (20.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Landfill Service Line | $845.0M | 20.1% |
| Collection Service Line Largecontainer | $797.0M | 18.9% |
| Collection Service Line Residential | $754.0M | 17.9% |
| Transfer Service Line | $472.0M | 11.2% |
| Environmental Solutions Service Line | $449.0M | 10.7% |
| Group3Segment | $440.0M | 10.4% |
| Other | $234.0M | 5.6% |
| Other Service Line Sale Of Recycled Commodities | $107.0M | 2.5% |
| Other Service Line Other Noncore | $97.0M | 2.3% |
| Collection Service Line Other | $17.0M | 0.4% |
Republic Services Revenue by Segment — Quarterly Trend
Republic Services revenue by segment across the last 4 reported quarters, showing how each business line (such as Landfill Service Line and Collection Service Line Largecontainer) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Landfill Service Line | — | $780.0M | $845.0M | $854.0M |
| Collection Service Line Largecontainer | — | — | $797.0M | — |
| Collection Service Line Residential | — | $761.0M | $754.0M | $752.0M |
| Transfer Service Line | — | $458.0M | $472.0M | $479.0M |
| Environmental Solutions Service Line | — | $435.0M | $449.0M | $478.0M |
Republic Services Annual Revenue by Year
Republic Services annual revenue history includes year-by-year totals (for example, 2025 revenue was $16.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $16.6B |
| 2024 | $16.0B |
| 2023 | $15.0B |
| 2022 | $13.5B |
Republic Services Quarterly Revenue & Net Profit History
Republic Services results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $4.1B | +2.6% | $525.0M | 12.8% |
| Q4 FY2025 | $4.1B | +2.2% | $544.7M | 13.2% |
| Q3 FY2025 | $4.2B | +3.3% | $549.7M | 13.1% |
| Q2 FY2025 | $4.2B | +4.6% | $549.9M | 13.0% |
| Q1 FY2025 | $4.0B | +3.8% | $495.0M | 12.3% |
| Q4 FY2024 | $4.0B | +5.6% | $512.2M | 12.7% |
| Q3 FY2024 | $4.1B | +6.5% | $565.7M | 13.9% |
| Q2 FY2024 | $4.0B | +8.6% | $511.5M | 12.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.05B | $4.08B | $4.05B | $4.01B | $4.24B | $4.21B | $4.13B | $4.11B |
| YoY Growth | 8.6% | 6.5% | 5.6% | 3.8% | 4.6% | 3.3% | 2.2% | 2.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $31.93B | $31.81B | $32.40B | $33.10B | $33.40B | $33.79B | $34.37B | $34.60B |
| Liabilities | $20.93B | $20.59B | $21.00B | $21.44B | $21.35B | $21.92B | $22.40B | $22.62B |
| Equity | $11.01B | $11.23B | $11.40B | $11.66B | $12.05B | $11.87B | $11.97B | $11.98B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.10B | $1.00B | $1.02B | $1.02B | $1.11B | $1.18B | $981.0M |