Republic Services, Inc. (RSG)

Industrials · Environmental & Facilities Services · US stock · S&P 500 component

$241.90 ▲ +11.58 (5.03%)

At close 22 Oct 2026 · USD · Volume 1,382,744

Compare with WM

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$201 −16.7% to fair value

$101fair band $171–$244$302

Day's range

$230.70 – $242.42

52-week range

$196.41 – $242.42

About Republic Services, Inc.

Waste is the business of Republic Services, which collects, transfers, recycles and disposes of non-hazardous solid waste in the United States. Households, businesses, industrial sites and local governments are its customers, and the company runs collection fleets, transfer stations, recycling centres and landfills. It also operates landfill gas and recycling facilities that produce energy and recovered materials.

Revenue comes mainly from collection and disposal fees under municipal contracts, commercial agreements and residential subscriptions. It reached $19.3 billion in the last twelve months and has grown at 6.7% a year across the last three years. The operating margin is 17.4%, and the business earns a profit of 11% on the capital invested in it. It carries net debt of 2.7 times EBITDA. The company pays a dividend with a yield of 1.1%. On the site's X-Ray Score it receives 42 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $196.41 – $242.42Volume 1,382,744Daily, split-adjusted

Vitals

Market cap$74.4B

52-week range$196.41 – $242.42

Volume (last day)1,382,744

P/E (TTM)34.3

EBIT / EV yield3.8%

Free-cash-flow yield3.6%

Dividend yield1.1%

Revenue (TTM)$19.3B

Net income (TTM)$2.2B

Operating margin17.4%

Return on capital11.0%

Debt incl. leases$14.1B

Cash & securities$107M

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$201middle half of models $163 – $237

Fair −16.7% to fair value

Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $242

Undervalued < $171Fair $171 – $244Overvalued > $244

P/E multiple

$239

P/B multiple

$228

P/S multiple

$236

EV/EBITDA multiple

$248

EV/EBIT multiple

$227

EV/revenue multiple

$234

10-year DCF, EBITDA exit

$228

5-year DCF, EBITDA exit

$241

10-year DCF, revenue exit

$228

5-year DCF, revenue exit

$240

10-year DCF, growth exit

$127

5-year DCF, growth exit

$120

Dividend discount, stable

$99

Dividend discount, multi-stage

$174

Earnings power value

$152

Growth the price implies

17.5%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 41 The price is not above fair value $201 fair value Debt looks manageable 2.7× EBITDA Revenue has been growing 6.7% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Weak

24/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield3.8%

Free-cash-flow yield3.6%

Fair value vs price0.8×

Growth Fair

57/100

Growing at a typical pace for its sector.

See the numbers →

Revenue growth (3y)6.7%

EPS growth (3y)13.5%

Growth consistency100%

Profitability Fair

58/100

Returns on capital are typical for its sector.

See the numbers →

Return on invested capital11.0%

Operating margin17.4%

Gross profitability27.1%

Financial health Weak

24/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score6 / 9

Net debt / EBITDA2.7×

Interest cover5.7×

Dividends Fair

54/100

Dividend is typical for its sector.

See the numbers →

Dividend yield1.1%

Dividends vs free cash flow30%

Dividend growth7.6%

Quarterly results: last 6 quarters

+3.5%

Mar '25

+4.7%

Jun '25

+3.1%

Sep '25

+2.0%

Dec '25

+2.3%

Mar '26

+4.0%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $5.1B, diluted EPS $1.84.

Compare with peers

ROL Rollins Inc61 VLTO Veralto Corp55 WM Waste Management Inc53

Other Environmental & Facilities Services companies by X-Ray Score.

SWOT analysis: Republic Services, Inc.

Strengthsinside the company

Earnings per share have compounded at 13.5% a year over three years.

Weaknessesinside the company

Return on invested capital of 11.0% is well below the 23.4% median of industry peers.

Opportunitiesvaluation and setting

Dividends use only 30% of free cash flow, which leaves room to raise them.
Price momentum is strong on the weekly and monthly signals (trends can reverse).

Threatsvaluation and setting

No specific threat is flagged by our checks; general market and interest-rate risk still applies.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare RSG with peers and sector

Medians of 3 Environmental & Facilities Services peers and of 80 Industrials stocks in our universe. Largest peers (X-Ray Score): WM 53, VLTO 55, ROL 61.

Metric	RSG	Peers	Sector
X-Ray Score (out of 100)	42	55	51
Valuation	24	57	48
Growth	56	70	50
Profitability	58	71	50
Financial health	24	45	49
Dividends	54	51	53

Sector leaders: highest X-Ray Score in Industrials

RSG ranks #64 of 81 in Industrials and #4 of 4 in Environmental & Facilities Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 GD General Dynamics Corp	70
#2 EME EMCOR Group, Inc.	69
#3 PAYX Paychex Inc	69
#4 LDOS Leidos Holdings, Inc.	67
#5 SNA Snap-on Inc	66
…
#64 RSG Republic Services, Inc. (this stock)	42

Metric	RSG	Peers	Sector
P/E ratio	34.0x	32.0x	28.5x
PEG ratio	2.53	4.48	2.33
Price / book	6.2x	9.7x	6.3x
Price / sales	3.8x	4.3x	3.5x
EV / EBITDA	16.9x	20.0x	18.6x
Price / free cash flow	28.0x	26.9x	25.3x
Dividend yield	1.1%	1.5%	1.3%
Gap to our fair value	−16.7%	−2.7%	−8.5%

Metric	RSG	Peers	Sector
Price change, 1 month	+13.5%	+9.7%	+2.4%
Price change, 3 months	+12.1%	+1.6%	−3.6%
Price change, 6 months	+18.6%	+7.7%	−1.4%
Price change, 1 year	+9.6%	+1.6%	+11.9%

Metric	RSG	Peers	Sector
Market value	$74.4B	$26.1B	$47.5B
Revenue (last 12 months)	$19.3B	$5.6B	$14.7B
EBITDA (last 12 months)	$5.2B	$1.4B	$2.5B
Net income (last 12 months)	$2.2B	$969M	$1.5B
Free cash flow (last 12 months)	$2.7B	$1.0B	$1.7B

Metric	RSG	Peers	Sector
Revenue growth, last year	+3.3%	+11.0%	+4.5%
Revenue growth, 3 years a year	+6.7%	+8.6%	+5.6%
EPS growth, 3 years a year	+13.5%	+7.5%	+5.6%
Free cash flow growth, 3 years a year	+11.5%	+14.3%	+14.5%
Dividend growth	+7.6%	–	+6.8%

Metric	RSG	Peers	Sector
Gross margin	49.3%	–	37.9%
EBITDA margin	27.1%	24.6%	20.1%
Operating margin	17.4%	18.7%	17.5%
Net margin	11.3%	13.6%	12.8%
Return on invested capital	11.0%	23.4%	15.0%
Return on equity	18.2%	32.2%	23.8%

Metric	RSG	Peers	Sector
Net debt / EBITDA	2.7x	1.0x	1.8x
Interest cover	5.7x	21.8x	21.8x
Current ratio	0.6x	0.9x	1.3x
Piotroski F-score (0 to 9)	6	5	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for RSG

Each factor is rated by where RSG stands among the 81 Industrials stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 6 Good · 10 Average · 7 Bad of 23 Growth: 1 · 2 · 0 Profitability: 1 · 3 · 1 Financial strength: 0 · 1 · 3 Valuation: 0 · 3 · 2 Cash flow: 2 · 1 · 1 Efficiency: 2 · 0 · 0

Factor	RSG	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+6.7%	Average beats 59%	+5.6%	–	–
Revenue growth, last year	+3.3%	Average beats 41%	+4.5%	+10.4%	▼ Worse
EPS growth, 3 years a year	+13.5%	Good beats 70%	+5.7%	–	–
Profitability
Gross margin	49.3%	Good beats 80%	38.0%	49.2%	≈ In line
Operating margin	17.4%	Average beats 49%	17.5%	16.1%	≈ In line
Net margin	11.3%	Average beats 46%	12.8%	10.0%	▲ Better
Return on invested capital	11.0%	Bad beats 29%	14.9%	–	–
Return on equity	18.2%	Average beats 42%	23.7%	16.4%	≈ In line
Financial strength
Net debt / EBITDA	2.7x	Bad beats 22%	1.8x	2.9x	≈ In line
Interest cover	5.7x	Bad beats 14%	21.4x	5.9x	≈ In line
Current ratio	0.64	Bad beats 6%	1.25	0.64	≈ In line
Piotroski F-score	6 / 9	Average beats 41%	6 / 9	–	–
Valuation
P/E ratio	34.0x	Bad beats 30%	28.9x	30.9x	▼ Worse
Price / book	6.2x	Average beats 51%	6.2x	5.0x	▼ Worse
Price / sales	3.8x	Average beats 43%	3.5x	3.3x	▼ Worse
EV / EBITDA	16.9x	Average beats 56%	18.5x	15.6x	≈ In line
Free cash flow yield	3.6%	Bad beats 33%	3.8%	3.6%	≈ In line
Cash flow
Free cash flow margin	13.7%	Average beats 49%	13.8%	11.3%	▲ Better
Cash from operations / net income	2.08	Good beats 83%	1.39	2.09	≈ In line
Free cash flow growth, 3 years a year	+11.5%	Bad beats 32%	+14.5%	–	–
Accruals (lower is better)	−6.7%	Good beats 89%	−3.2%	–	–
Efficiency
Inventory turnover	85.2x	Good beats 94%	4.0x	91.3x	≈ In line
Days sales outstanding	38 days	Good beats 80%	57 days	36 days	≈ In line

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 3 Good · ● 5 Average · ● 8 Bad

Cash quality

Earnings backed by cashGood

Free-cash-flow yieldAverage

Risk models

Altman Z''Bad

Piotroski F-ScoreAverage

Growth

EPS growth (3y)Good

Free-cash-flow growth (3y)Bad

Revenue growth (3y)Average

Growth consistencyGood

Balance sheet

Current ratioBad

Net debt / EBITDABad

Interest coverBad

Valuation

Fair value vs priceBad

EBIT / EV yieldBad

Profitability

Return on invested capitalBad

Operating marginAverage

Gross profitabilityAverage

Each check is graded against the company's sector, not a fixed number. Checklist score 42/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$13.3B	$15.6B	$17.3B	$18.4B	$19.0B
Operating income	$2.1B	$2.4B	$2.8B	$3.2B	$3.3B
Net income	$1.3B	$1.5B	$1.7B	$2.0B	$2.1B
Operating cash flow	$2.8B	$3.2B	$3.6B	$3.9B	$4.3B
Operating margin	15.6%	15.3%	16.1%	17.4%	17.4%
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, from SEC filings.

Technical summary

Daily

Bullish

12 bullish · 0 neutral · 4 bearish

Weekly

Strongly bullish

11 bullish · 1 neutral · 0 bearish

Monthly

Strongly bullish

7 bullish · 1 neutral · 0 bearish

Moving averages (daily)

SMA 10	227.6	Bullish
EMA 10	228.9	Bullish
SMA 20	219.8	Bullish
EMA 20	224.0	Bullish
SMA 50	219.4	Bullish
EMA 50	219.7	Bullish
SMA 100	215.9	Bullish
EMA 100	217.2	Bullish
SMA 200	214.7	Bullish
EMA 200	216.3	Bullish

Oscillators (daily)

RSI (14)	75.76	Bearish
MACD (12, 26)	4.97	Bullish
Momentum (12)	12.65	Bullish
Stochastic %K (14)	98.49	Bearish
Williams %R (14)	-1.51	Bearish
CCI (20)	160.4	Bearish

Pivot points (classic, last session)

222.5

226.6

234.3

Pivot

238.3

246.0

250.1

257.7

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

2.55 USD

Yield on today's price

1.05%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
2 Oct 2026	0.6700
2 Jul 2026	0.6250
2 Apr 2026	0.6250
2 Jan 2026	0.6250
2 Oct 2025	0.6250
2 Jul 2025	0.5800
2 Apr 2025	0.5800
2 Jan 2025	0.5800
2 Oct 2024	0.5800
2 Jul 2024	0.5350
1 Apr 2024	0.5350
29 Dec 2023	0.5350

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold RSG

ETF	Share of the fund
IDU iShares U.S. Utilities	2.59%
USMV iShares MSCI USA Min Vol Factor	1.22%
RSPN Invesco S&P 500 Equal Weight Industria...	1.17%
SPLV Invesco S&P 500 Low Volatility	1.09%
ACWV iShares MSCI Global Min Vol Factor	0.92%
XLI Industrial Select Sector SPDR	0.74%
VIS Vanguard Industrials	0.62%
FIDU Fidelity MSCI Industrials Index	0.60%

The eight funds with the largest weight in RSG among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.