Republic ServicesRSG财报
NYSE · 工业 · 环境与设施服务
Republic Services是北美头部垃圾处理企业，业务涵盖非危险固体废物收集、转运、处置、资源回收及能源服务，是美国仅次于废物管理公司的第二大垃圾处理服务商，核心运营聚焦非危固废全流程管理、可回收物资源化利用及相关能源服务。
RSG 2025财年Q4 Key Financial Metrics
营收
$4.1B
毛利润
$1.7B
营业利润
$801.0M
净利润
$544.7M
毛利率
41.9%
营业利润率
19.4%
净利率
13.2%
同比增长
2.2%
EPS
$1.76
Republic Services 2025财年Q4 财务摘要
Republic Services 2025财年Q4营收 $4.1B（同比增长 2.2%），净利润 $544.7M（同比增长 6.3%）（净利率 13.2%）。销售成本 $2.4B，运营费用 $930.0M。
核心财务指标
| 总营收 | $4.1B |
|---|---|
| 净利润 | $544.7M |
| 毛利率 | 41.9% |
| 营业利润率 | 19.4% |
| 报告期 | 2025财年Q4 |
营收拆解
Republic Services 2025财年Q4营收 $4.1B 共来自 9 个业务板块，最大板块 Other 贡献 $1.1B（占 25.7%）。
| 业务分部 | 营收 | 占比 |
|---|---|---|
| Other | $1.1B | 25.7% |
| Landfill Service Line | $780.0M | 18.9% |
| Collection Service Line Residential | $761.0M | 18.4% |
| Transfer Service Line | $458.0M | 11.1% |
| Environmental Solutions Service Line | $435.0M | 10.5% |
| Group3Segment | $423.0M | 10.2% |
| Other Service Line Sale Of Recycled Commodities | $104.0M | 2.5% |
| Other Service Line Other Noncore | $94.0M | 2.3% |
| Collection Service Line Other | $18.0M | 0.4% |
Republic Services 分部营收 — 季度趋势
Republic Services 过去 4 个季度各业务板块营收走势，展示 Other和Landfill Service Line 等业务的变化。
| 业务分部 | 2025财年Q4 | 2025财年Q3 | 2025财年Q2 | 2025财年Q1 |
|---|---|---|---|---|
| Other | $1.1B | $234.0M | $975.0M | $233.0M |
| Landfill Service Line | $780.0M | $845.0M | $854.0M | $723.0M |
| Collection Service Line Residential | $761.0M | $754.0M | $752.0M | $743.0M |
| Transfer Service Line | $458.0M | $472.0M | $479.0M | $424.0M |
| Environmental Solutions Service Line | $435.0M | $449.0M | $478.0M | $466.0M |
Republic Services 年度营收
Republic Services 历年营收汇总，含各年度总量（例如 2025 年营收为 $16.6B）
Republic Services 季度营收与净利润历史
Republic Services 最近 8 个季度的营收、净利润及同比增速
| 季度 | 营收 | 营收同比 | 净利润 | 净利率 |
|---|---|---|---|---|
| 2025财年Q4 | $4.1B | +2.2% | $544.7M | 13.2% |
| 2025财年Q3 | $4.2B | +3.3% | $549.7M | 13.1% |
| 2025财年Q2 | $4.2B | +4.6% | $549.9M | 13.0% |
| 2025财年Q1 | $4.0B | +3.8% | $495.0M | 12.3% |
| 2024财年Q4 | $4.0B | +5.6% | $512.2M | 12.7% |
| 2024财年Q3 | $4.1B | +6.5% | $565.7M | 13.9% |
| 2024财年Q2 | $4.0B | +8.6% | $511.5M | 12.6% |
| 2024财年Q1 | $3.9B | +7.8% | $453.8M | 11.8% |
利润表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 营收 | $3.86B | $4.05B | $4.08B | $4.05B | $4.01B | $4.24B | $4.21B | $4.13B |
| 同比增长 | 7.8% | 8.6% | 6.5% | 5.6% | 3.8% | 4.6% | 3.3% | 2.2% |
资产负债表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 总资产 | $31.38B | $31.93B | $31.81B | $32.40B | $33.10B | $33.40B | $33.79B | $34.37B |
| 总负债 | $20.56B | $20.93B | $20.59B | $21.00B | $21.44B | $21.35B | $21.92B | $22.40B |
| 股东权益 | $10.82B | $11.01B | $11.23B | $11.40B | $11.66B | $12.05B | $11.87B | $11.97B |
现金流量表
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| 经营性现金流 | $811.5M | $1.10B | $1.00B | $1.02B | $1.02B | $1.11B | $1.18B | $981.0M |