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Republic Services (RSG) Financials

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$233.12 +1.41 (+0.61%)
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Annual Income Statements for Republic Services

Annual Income Statements for Republic Services

This table shows Republic Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 750 613 1,278 1,037 1,073 967 1,290 1,488 1,731 2,043
Consolidated Net Income / (Loss)		 750 613 1,279 1,038 1,074 970 1,292 1,488 1,731 2,044
Net Income / (Loss) Continuing Operations		 750 613 1,279 1,038 1,074 970 1,292 1,488 1,731 2,044
Total Pre-Tax Income 		1,196 966 1,282 1,321 1,296 1,143 1,575 1,832 2,191 2,432
Total Operating Income		 1,559 1,538 1,669 1,736 1,787 1,709 2,076 2,392 2,780 3,196
Total Gross Profit		 3,596 3,624 3,827 3,891 4,001 4,053 4,557 5,306 6,022 6,682
Total Revenue		 9,115 9,388 10,042 10,041 10,299 10,154 11,295 13,511 14,965 16,032
Operating Revenue		 9,115 9,388 10,042 10,041 10,299 10,154 11,295 13,511 14,965 16,032
Total Cost of Revenue		 5,519 5,764 6,215 6,150 6,298 6,101 6,738 8,205 8,943 9,350
Operating Cost of Revenue		 5,519 5,764 6,215 6,150 6,298 6,101 6,738 8,205 8,943 9,350
Total Operating Expenses		 2,038 2,086 2,158 2,155 2,214 2,344 2,481 2,914 3,242 3,486
Selling, General & Admin Expense		 983 970 1,057 1,060 1,092 1,053 1,196 1,454 1,609 1,674
Depreciation Expense		 971 991 1,036 1,033 1,041 1,076 1,186 1,352 1,501 1,677
Other Operating Expenses / (Income)		 79 79 80 81 82 83 83 89 98 107
Impairment Charge		 0.00 -0.10 -34 -45 -15 78 0.50 -6.00 -4.00 -1.00
Restructuring Charge		 0.00 41 18 26 14 20 17 27 33 29
Other Special Charges / (Income)		 4.50 5.60 1.20 0.00 0.00 35 0.00 -2.00 5.00 0.00
Total Other Income / (Expense), net		 -363 -572 -386 -415 -491 -566 -501 -560 -589 -764
Interest Expense		 365 568 363 384 392 458 315 395 508 541
Interest & Investment Income		 0.80 -5.20 -26 -34 -106 -113 -186 -163 -88 -246
Other Income / (Expense), net		 1.20 1.10 2.70 3.40 6.40 4.10 -0.50 -2.00 7.00 23
Income Tax Expense		 446 353 3.10 283 222 173 283 344 460 388
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.50 0.60 0.60 0.70 0.50 2.40 1.90 0.00 0.00 1.00
Basic Earnings per Share		 $2.14 $1.79 $3.79 $3.17 $3.34 $3.03 $4.05 $4.70 $5.47 $6.50
Weighted Average Basic Shares Outstanding		 349.98M 343.02M 337.10M 326.90M 321.06M 319.28M 318.81M 316.53M 316.18M 314.40M
Diluted Earnings per Share		 $2.13 $1.78 $3.77 $3.16 $3.33 $3.02 $4.04 $4.69 $5.47 $6.49
Weighted Average Diluted Shares Outstanding		 351.39M 344.39M 339M 328.38M 321.99M 319.84M 319.43M 317.08M 316.67M 314.81M
Weighted Average Basic & Diluted Shares Outstanding		 339.13M 342.20M 337.30M 327.10M 319.06M 318.90M 316.43M 316.04M 314.61M 312.28M
Cash Dividends to Common per Share		 $1.16 $1.24 $1.33 $1.44 $1.56 $1.66 $1.77 $1.91 $2.06 $2.23

Quarterly Income Statements for Republic Services

This table shows Republic Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 417 347 384 427 480 440 454 512 566 512 495
Consolidated Net Income / (Loss)		 417 347 384 428 480 439 454 512 566 513 495
Net Income / (Loss) Continuing Operations		 417 347 384 428 480 439 454 512 566 513 495
Total Pre-Tax Income 		508 374 522 580 606 482 599 654 647 533 665
Total Operating Income		 664 578 644 707 728 701 733 814 846 804 804
Total Gross Profit		 1,404 1,348 1,412 1,502 1,542 1,567 1,579 1,665 1,709 1,729 1,695
Total Revenue		 3,598 3,530 3,581 3,726 3,826 3,832 3,862 4,048 4,076 4,046 4,009
Operating Revenue		 3,598 3,530 3,581 3,726 3,826 3,832 3,862 4,048 4,076 4,046 4,009
Total Cost of Revenue		 2,194 2,182 2,170 2,224 2,284 2,265 2,283 2,383 2,367 2,317 2,314
Operating Cost of Revenue		 2,194 2,182 2,170 2,224 2,284 2,265 2,283 2,383 2,367 2,317 2,314
Total Operating Expenses		 739 771 768 794 814 866 846 852 863 925 891
Selling, General & Admin Expense		 361 395 379 396 402 432 414 408 406 446 427
Depreciation Expense		 354 350 359 358 382 402 399 413 422 443 434
Other Operating Expenses / (Income)		 23 22 24 25 25 25 27 27 27 27 28
Impairment Charge		 -5.20 - - 0.00 -1.50 - - -1.40 0.50 - -2.00
Restructuring Charge		 6.80 8.30 5.50 16 6.30 5.70 5.90 5.70 8.20 9.20 4.00
Total Other Income / (Expense), net		 -157 -204 -122 -127 -122 -219 -134 -160 -199 -271 -139
Interest Expense		 105 112 127 124 128 129 139 128 141 133 140
Interest & Investment Income		 -51 -96 2.40 -2.00 4.80 -93 -7.20 -32 -69 -138 -10
Other Income / (Expense), net		 -0.30 4.50 2.50 -0.60 1.30 3.80 13 0.70 10 -0.60 11
Income Tax Expense		 91 27 138 153 126 43 145 142 81 20 170
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.20 0.00 0.20 0.10 -0.30 -0.10 0.40 0.20 0.50 0.00
Basic Earnings per Share		 $1.32 $1.09 $1.21 $1.35 $1.52 $1.39 $1.44 $1.62 $1.80 $1.64 $1.58
Weighted Average Basic Shares Outstanding		 316.51M 316.53M 316.71M 316.85M 316.06M 316.18M 315.29M 314.91M 314.00M 314.40M 312.97M
Diluted Earnings per Share		 $1.32 $1.09 $1.21 $1.35 $1.52 $1.39 $1.44 $1.62 $1.80 $1.63 $1.58
Weighted Average Diluted Shares Outstanding		 317.05M 317.08M 317.14M 317.31M 316.56M 316.67M 315.69M 315.24M 314.37M 314.81M 313.28M
Weighted Average Basic & Diluted Shares Outstanding		 316.00M 316.04M 316.28M 316.33M 314.64M 314.61M 314.93M 314.07M 313.15M 312.28M 312.50M
Cash Dividends to Common per Share		 $0.50 $0.50 $0.50 $0.50 $0.54 $0.53 $0.54 $0.54 $0.58 $0.58 $0.58

Annual Cash Flow Statements for Republic Services

This table details how cash moves in and out of Republic Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -43 27 66 -46 44 -63 -8.60 108 14 -25
Net Cash From Operating Activities		 1,680 1,848 1,911 2,243 2,352 2,472 2,787 3,190 3,618 3,936
Net Cash From Continuing Operating Activities		 1,680 1,848 1,911 2,243 2,352 2,472 2,787 3,190 3,618 3,912
Net Income / (Loss) Continuing Operations		 750 613 1,279 1,038 1,074 970 1,292 1,488 1,731 2,044
Consolidated Net Income / (Loss)		 750 613 1,279 1,038 1,074 970 1,292 1,488 1,731 2,044
Depreciation Expense		 1,050 1,070 1,116 1,114 1,122 1,159 1,268 1,441 1,599 1,784
Non-Cash Adjustments To Reconcile Net Income		 -0.70 256 70 80 166 344 278 254 220 306
Changes in Operating Assets and Liabilities, net		 -120 -91 -555 11 -10 -0.50 -52 7.00 68 -222
Net Cash From Investing Activities		 -1,483 -965 -1,330 -1,229 -1,719 -1,923 -2,466 -4,423 -3,667 -2,561
Net Cash From Continuing Investing Activities		 -1,483 -965 -1,330 -1,229 -1,719 -1,923 -2,466 -4,423 -3,667 -2,561
Purchase of Property, Plant & Equipment		 -946 -928 -990 -1,072 -1,207 -1,195 -1,316 -1,454 -1,631 -1,855
Acquisitions		 -573 -62 -352 -277 -575 -770 -1,222 -3,039 -2,065 -753
Purchase of Investments		 - -30 -19 -38 -15 -33 -31 -20 -29 -26
Sale of Property, Plant & Equipment		 21 9.80 6.10 32 22 30 20 33 29 47
Divestitures		 0.00 15 4.70 89 43 33 46 51 6.00 2.00
Sale and/or Maturity of Investments		 - 32 18 38 14 11 38 20 13 24
Other Investing Activities, net		 14 -1.30 1.00 -0.30 -0.10 0.00 -1.00 -14 10 0.00
Net Cash From Financing Activities		 -240 -857 -514 -1,060 -589 -612 -329 1,344 62 -1,398
Net Cash From Continuing Financing Activities		 -240 -857 -514 -1,060 -589 -612 -329 1,344 62 -1,398
Repayment of Debt		 -914 -4,484 -4,923 -5,001 -5,328 -5,321 -5,305 -14,282 -40,411 -25,109
Repurchase of Common Equity		 -405 -404 -611 -737 -399 -99 -264 -216 -263 -496
Payment of Dividends		 -400 -420 -441 -462 -491 -523 -586 -594 -638 -687
Issuance of Debt		 1,416 4,401 5,433 5,129 5,638 5,342 5,847 16,446 41,393 24,909
Other Financing Activities, net		 -3.20 - -9.20 -12 -17 -16 -21 -10 -19 -15
Other Net Changes in Cash		 - - - - - - - - - -2.00

Quarterly Cash Flow Statements for Republic Services

This table details how cash moves in and out of Republic Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -36 66 -7.60 66 -19 -26 -69 433 -386 -3.50 21
Net Cash From Operating Activities		 817 810 688 1,079 953 899 812 1,099 1,003 1,022 1,025
Net Cash From Continuing Operating Activities		 817 810 688 1,079 953 899 812 1,099 1,003 998 1,025
Net Income / (Loss) Continuing Operations		 417 347 384 428 480 439 454 512 566 513 495
Consolidated Net Income / (Loss)		 417 347 384 428 480 439 454 512 566 513 495
Depreciation Expense		 377 372 383 383 407 426 426 440 449 470 462
Non-Cash Adjustments To Reconcile Net Income		 70 108 29 35 38 118 39 76 82 109 39
Changes in Operating Assets and Liabilities, net		 -47 -18 -108 233 27 -85 -107 72 -93 -93 29
Net Cash From Investing Activities		 -417 -722 -653 -1,021 -427 -1,566 -679 -434 -636 -813 -1,288
Net Cash From Continuing Investing Activities		 -417 -722 -653 -1,021 -427 -1,566 -679 -434 -636 -813 -1,288
Purchase of Property, Plant & Equipment		 -278 -529 -379 -336 -369 -548 -515 -403 -440 -498 -459
Acquisitions		 -193 -191 -291 -697 -63 -1,014 -166 -35 -199 -353 -834
Purchase of Investments		 -6.60 -4.30 -4.50 -5.20 -4.10 -15 -12 -5.00 -0.90 -8.10 -3.00
Sale of Property, Plant & Equipment		 4.00 9.00 6.00 11 7.90 4.00 2.40 2.90 3.30 38 3.00
Divestitures		 50 0.90 -0.70 0.40 2.00 4.30 0.00 1.70 0.80 -0.50 3.00
Sale and/or Maturity of Investments		 6.90 4.60 4.40 4.70 4.00 -0.10 12 4.90 - 7.60 2.00
Net Cash From Financing Activities		 -433 -22 -42 8.30 -546 641 -201 -233 -754 -210 284
Net Cash From Continuing Financing Activities		 -433 -22 -42 8.30 -546 641 -201 -233 -754 -210 284
Repayment of Debt		 -5,445 -5,810 -7,730 -8,557 -11,554 -12,570 -6,441 -4,833 -4,672 -9,163 -12,018
Repurchase of Common Equity		 2.60 0.40 -11 4.00 -188 -68 -25 -163 -150 -158 -74
Payment of Dividends		 -146 -157 -156 -157 -157 -169 -169 -169 -168 -182 -181
Issuance of Debt		 5,158 5,950 7,859 8,726 11,355 13,453 6,437 4,936 4,243 9,293 12,558
Other Financing Activities, net		 -1.60 -5.50 -4.20 -7.40 -2.50 -4.90 -3.30 -4.70 -6.20 -0.80 -1.00
Effect of Exchange Rate Changes		 -3.00 0.10 0.00 0.50 -0.30 0.80 -0.50 1.20 0.40 - 0.00

Annual Balance Sheets for Republic Services

This table presents Republic Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 20,536 20,630 21,147 21,617 22,684 23,434 24,955 29,053 31,410 32,402
Total Current Assets		 1,230 1,285 1,437 1,564 1,606 1,522 1,711 2,357 2,381 2,406
Cash & Equivalents		 32 68 83 71 47 38 29 143 140 74
Accounts Receivable		 963 995 1,106 1,103 1,126 1,091 1,271 1,677 1,768 1,821
Other Current Assets		 235 222 248 391 433 392 410 537 473 511
Plant, Property, & Equipment, net		 7,553 7,589 7,777 8,020 0.00 0.00 9,232 10,744 11,351 11,877
Total Noncurrent Assets		 11,753 11,757 11,933 12,033 21,078 21,912 14,012 15,952 17,678 18,119
Long-Term Investments		 100 91 141 108 179 149 139 128 164 208
Goodwill		 11,146 11,163 11,315 11,400 11,633 12,046 12,826 14,452 15,834 15,982
Intangible Assets		 246 182 141 107 134 173 260 347 496 546
Other Noncurrent Operating Assets		 261 321 335 418 9,131 9,544 788 1,026 1,184 1,383
Total Liabilities & Shareholders' Equity		 20,536 20,630 21,147 21,617 22,684 23,434 24,955 29,053 31,410 32,402
Total Liabilities		 12,759 12,936 13,186 13,688 14,563 14,945 15,975 19,366 20,867 20,995
Total Current Liabilities		 1,835 1,812 2,635 2,719 3,065 2,282 2,416 3,391 4,228 4,128
Short-Term Debt		 5.50 5.80 707 691 930 168 8.20 456 932 862
Accounts Payable		 577 554 598 762 778 779 910 1,222 1,412 1,345
Accrued Expenses		 866 868 943 729 947 935 1,054 1,191 1,313 1,335
Current Deferred Revenue		 314 313 312 339 336 346 381 443 467 485
Other Current Nonoperating Liabilities		 72 72 75 69 74 55 62 79 104 101
Total Noncurrent Liabilities		 10,925 11,124 10,551 10,969 11,498 12,663 13,560 15,975 16,639 16,867
Long-Term Debt		 7,527 7,653 7,481 7,647 7,759 8,766 9,546 11,330 11,887 11,851
Asset Retirement Reserve & Litigation Obligation		 1,956 1,959 1,962 1,972 1,980 1,977 2,142 2,456 2,630 2,834
Noncurrent Deferred & Payable Income Tax Liabilities		 1,132 1,210 796 1,028 1,181 1,239 1,230 1,529 1,527 1,594
Other Noncurrent Operating Liabilities		 309 301 312 321 579 682 642 661 595 588
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 7,777 7,694 7,961 7,930 8,121 8,489 8,980 9,687 10,543 11,407
Total Preferred & Common Equity		 7,774 7,691 7,959 7,927 8,118 8,484 8,979 9,686 10,542 11,405
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 7,774 7,691 7,959 7,927 8,118 8,484 8,979 9,686 10,542 11,405
Common Stock		 4,681 4,768 4,843 4,928 4,998 2,745 2,793 2,846 2,904 1,770
Retained Earnings		 3,138 3,324 4,153 4,751 5,317 5,752 6,476 7,356 8,434 9,774
Treasury Stock		 -15 -415 -1,059 -1,783 -2,200 -0.10 -275 -505 -784 -113
Accumulated Other Comprehensive Income / (Loss)		 -31 14 23 31 2.20 -12 -15 -12 -12 -26
Noncontrolling Interest		 2.50 2.40 2.30 2.40 2.70 4.90 0.80 0.80 1.00 2.00

Quarterly Balance Sheets for Republic Services

This table presents Republic Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Total Assets		 28,401 29,053 29,081 29,823 30,043 31,410 31,382 31,934 31,814 32,402 33,103
Total Current Assets		 2,199 2,357 2,241 2,262 2,348 2,381 2,274 2,660 2,348 2,406 2,321
Cash & Equivalents		 81 143 132 182 158 140 92 491 83 74 83
Accounts Receivable		 1,699 1,677 1,686 1,740 1,830 1,768 1,763 1,818 1,848 1,821 1,854
Other Current Assets		 419 537 423 340 361 473 419 351 418 511 384
Plant, Property, & Equipment, net		 0.00 10,744 10,659 10,562 10,701 11,351 11,311 11,447 11,526 11,877 11,949
Total Noncurrent Assets		 26,202 15,952 16,181 17,000 16,993 17,678 17,798 17,828 17,940 18,119 18,833
Long-Term Investments		 122 128 133 150 153 164 143 178 203 208 222
Goodwill		 14,194 14,452 14,622 15,354 15,291 15,834 15,852 15,865 15,883 15,982 16,585
Intangible Assets		 399 347 356 432 447 496 483 463 455 546 632
Other Noncurrent Operating Assets		 11,486 1,026 1,071 1,065 1,102 1,184 1,319 1,322 1,399 1,383 1,394
Total Liabilities & Shareholders' Equity		 28,401 29,053 29,081 29,823 30,043 31,410 31,382 31,934 31,814 32,402 33,103
Total Liabilities		 18,911 19,366 19,164 19,619 19,710 20,867 20,561 20,928 20,584 20,995 21,438
Total Current Liabilities		 3,164 3,391 3,029 2,988 4,069 4,228 4,326 4,534 3,642 4,128 3,491
Short-Term Debt		 456 456 457 153 932 932 1,432 1,433 513 862 421
Accounts Payable		 1,024 1,222 984 1,098 1,198 1,412 1,179 1,286 1,225 1,345 1,154
Accrued Expenses		 1,163 1,191 1,058 1,177 1,366 1,313 1,136 1,240 1,303 1,335 1,292
Current Deferred Revenue		 463 443 467 467 485 467 472 473 486 485 504
Other Current Nonoperating Liabilities		 58 79 63 93 88 104 106 103 114 101 120
Total Noncurrent Liabilities		 15,747 15,975 16,135 16,631 15,642 16,639 16,235 16,394 16,943 16,867 17,947
Long-Term Debt		 11,180 11,330 11,468 11,960 10,993 11,887 11,400 11,527 12,047 11,851 12,862
Asset Retirement Reserve & Litigation Obligation		 2,401 2,456 2,482 2,544 2,578 2,630 2,655 2,698 2,729 2,834 2,893
Noncurrent Deferred & Payable Income Tax Liabilities		 1,482 1,529 1,557 1,517 1,475 1,527 1,578 1,569 1,591 1,594 1,612
Other Noncurrent Operating Liabilities		 684 661 629 610 596 595 603 600 575 588 580
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 9,491 9,687 9,917 10,205 10,332 10,543 10,821 11,006 11,230 11,407 11,665
Total Preferred & Common Equity		 9,490 9,686 9,917 10,204 10,331 10,542 10,820 11,005 11,229 11,405 11,663
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 9,490 9,686 9,917 10,204 10,331 10,542 10,820 11,005 11,229 11,405 11,663
Common Stock		 2,834 2,846 2,862 2,877 2,891 2,904 2,919 2,935 2,949 1,770 1,787
Retained Earnings		 7,167 7,356 7,583 7,853 8,164 8,434 8,718 9,061 9,444 9,774 10,087
Treasury Stock		 -501 -505 -519 -519 -721 -784 -812 -982 -1,146 -113 -180
Accumulated Other Comprehensive Income / (Loss)		 -11 -12 -9.30 -6.70 -2.50 -12 -5.30 -9.10 -19 -26 -31
Noncontrolling Interest		 0.60 0.80 0.80 1.00 1.10 1.00 0.80 1.20 1.40 2.00 2.00

Annual Metrics And Ratios for Republic Services

This table displays calculated financial ratios and metrics derived from Republic Services' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 3.54% 2.99% 6.96% -0.01% 2.57% -1.42% 11.24% 19.62% 10.76% 7.13%
EBITDA Growth		 17.58% -0.05% 6.84% 2.37% 2.20% -1.51% 16.43% 14.57% 14.49% 14.07%
EBIT Growth		 26.34% -1.37% 8.62% 4.07% 3.13% -4.48% 21.16% 15.14% 16.61% 15.50%
NOPAT Growth		 28.17% -0.21% 70.53% -18.08% 8.62% -2.08% 17.46% 14.06% 13.05% 22.30%
Net Income Growth		 36.96% -18.28% 108.58% -18.87% 3.49% -9.70% 33.28% 15.14% 16.33% 18.08%
EPS Growth		 39.22% -16.43% 111.80% -16.18% 5.38% -9.31% 33.77% 16.09% 16.63% 18.65%
Operating Cash Flow Growth		 9.80% 10.01% 3.40% 17.38% 4.87% 5.08% 12.75% 14.47% 13.42% 8.79%
Free Cash Flow Firm Growth		 -42.21% 145.73% -4.52% 29.32% -18.60% -16.74% -30.76% -260.78% 134.60% 506.76%
Invested Capital Growth		 3.96% 0.00% 4.80% 0.99% 3.09% 3.80% 6.58% 15.48% 8.84% 3.35%
Revenue Q/Q Growth		 0.68% 0.96% 1.83% -0.30% 0.46% -0.03% 3.48% 4.46% 2.06% 1.36%
EBITDA Q/Q Growth		 8.52% 1.44% 1.45% 2.14% -0.47% -0.72% 3.06% 3.62% 4.21% 2.89%
EBIT Q/Q Growth		 13.69% 2.42% 1.08% 4.48% -1.06% -1.77% 3.36% 3.53% 4.63% 3.12%
NOPAT Q/Q Growth		 14.97% 1.92% 60.35% -26.15% 3.14% 0.13% 4.69% 0.11% 5.05% 4.94%
Net Income Q/Q Growth		 19.40% 2.89% 59.06% -25.94% -1.02% -5.25% 6.32% 2.36% 5.63% 3.70%
EPS Q/Q Growth		 19.66% 4.09% 59.07% -24.76% -0.60% -5.33% 6.60% 2.40% 5.80% 3.84%
Operating Cash Flow Q/Q Growth		 -4.17% 7.76% 2.16% -1.44% 3.04% -0.11% 3.20% 5.32% 2.51% 3.24%
Free Cash Flow Firm Q/Q Growth		 -3.51% 12.66% 2.23% -1.06% -2.37% -36.27% 92.79% 12.59% -69.67% 95.68%
Invested Capital Q/Q Growth		 0.28% -0.31% 3.61% 0.55% 0.95% 3.74% 2.38% 1.43% 5.12% 1.36%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 39.46% 38.60% 38.11% 38.75% 38.85% 39.92% 40.35% 39.27% 40.24% 41.68%
EBITDA Margin		 28.63% 27.79% 27.76% 28.42% 28.31% 28.29% 29.61% 28.35% 29.31% 31.21%
Operating Margin		 17.10% 16.38% 16.62% 17.29% 17.35% 16.83% 18.38% 17.70% 18.58% 19.94%
EBIT Margin		 17.11% 16.39% 16.64% 17.32% 17.41% 16.87% 18.38% 17.69% 18.62% 20.08%
Profit (Net Income) Margin		 8.23% 6.53% 12.74% 10.33% 10.43% 9.55% 11.44% 11.01% 11.57% 12.75%
Tax Burden Percent		 62.75% 63.48% 99.76% 78.55% 82.87% 84.85% 82.05% 81.22% 79.01% 84.05%
Interest Burden Percent		 76.66% 62.78% 76.72% 75.95% 72.25% 66.70% 75.88% 76.65% 78.62% 75.55%
Effective Tax Rate		 37.25% 36.52% 0.24% 21.45% 17.13% 15.15% 17.95% 18.78% 21.00% 15.95%
Return on Invested Capital (ROIC)		 6.53% 6.39% 10.65% 8.48% 9.03% 8.54% 9.54% 9.79% 9.88% 11.41%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.39% 1.60% 5.71% 4.47% 4.17% 3.00% 5.03% 5.46% 6.04% 6.30%
Return on Net Nonoperating Assets (RNNOA)		 3.19% 1.58% 5.69% 4.58% 4.35% 3.13% 5.26% 6.16% 7.23% 7.22%
Return on Equity (ROE)		 9.72% 7.97% 16.34% 13.06% 13.38% 11.68% 14.80% 15.94% 17.11% 18.62%
Cash Return on Invested Capital (CROIC)		 2.65% 6.39% 5.96% 7.50% 5.98% 4.81% 3.17% -4.58% 1.42% 8.11%
Operating Return on Assets (OROA)		 7.66% 7.46% 8.00% 8.13% 8.10% 7.43% 8.58% 8.85% 9.22% 10.09%
Return on Assets (ROA)		 3.69% 2.97% 6.12% 4.85% 4.85% 4.20% 5.34% 5.51% 5.73% 6.41%
Return on Common Equity (ROCE)		 9.72% 7.97% 16.34% 13.06% 13.38% 11.67% 14.79% 15.94% 17.11% 18.62%
Return on Equity Simple (ROE_SIMPLE)		 9.76% 7.97% 16.07% 13.09% 13.23% 11.43% 14.39% 15.36% 16.42% 17.92%
Net Operating Profit after Tax (NOPAT)		 978 976 1,664 1,364 1,481 1,450 1,703 1,943 2,196 2,686
NOPAT Margin		 10.73% 10.40% 16.58% 13.58% 14.38% 14.28% 15.08% 14.38% 14.68% 16.75%
Net Nonoperating Expense Percent (NNEP)		 3.14% 4.79% 4.94% 4.01% 4.86% 5.54% 4.51% 4.32% 3.84% 5.11%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 9.05% 9.40% 11.14%
Cost of Revenue to Revenue		 60.54% 61.40% 61.89% 61.25% 61.15% 60.08% 59.65% 60.73% 59.76% 58.32%
SG&A Expenses to Revenue		 10.79% 10.33% 10.53% 10.55% 10.60% 10.37% 10.59% 10.76% 10.75% 10.44%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 22.35% 22.22% 21.49% 21.46% 21.49% 23.09% 21.97% 21.57% 21.66% 21.74%
Earnings before Interest and Taxes (EBIT)		 1,560 1,539 1,671 1,739 1,794 1,713 2,076 2,390 2,787 3,219
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,610 2,609 2,787 2,853 2,916 2,872 3,344 3,831 4,386 5,003
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.71 2.22 2.55 2.71 3.29 3.44 4.76 4.10 4.87 5.51
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.44 1.82 2.02 2.14 2.59 2.88 3.78 2.94 3.43 3.92
Price to Earnings (P/E)		 17.50 27.86 15.88 20.69 24.89 30.21 33.13 26.72 29.64 30.75
Dividend Yield		 3.86% 2.47% 2.19% 2.18% 1.86% 1.81% 1.31% 1.52% 1.26% 1.09%
Earnings Yield		 5.71% 3.59% 6.30% 4.83% 4.02% 3.31% 3.02% 3.74% 3.37% 3.25%
Enterprise Value to Invested Capital (EV/IC)		 1.35 1.61 1.77 1.83 2.11 2.20 2.83 2.41 2.76 3.14
Enterprise Value to Revenue (EV/Rev)		 2.26 2.62 2.81 2.95 3.42 3.74 4.62 3.79 4.26 4.69
Enterprise Value to EBITDA (EV/EBITDA)		 7.90 9.42 10.14 10.38 12.06 13.22 15.59 13.38 14.55 15.04
Enterprise Value to EBIT (EV/EBIT)		 13.22 15.97 16.91 17.03 19.61 22.17 25.12 21.45 22.90 23.38
Enterprise Value to NOPAT (EV/NOPAT)		 21.09 25.17 16.98 21.72 23.75 26.19 30.61 26.38 29.06 28.02
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.28 13.30 14.79 13.21 14.96 15.36 18.71 16.07 17.64 19.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 51.93 25.17 30.33 24.58 35.86 46.49 92.19 0.00 202.83 39.42
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.00 1.00 1.03 1.05 1.07 1.05 1.06 1.22 1.22 1.11
Long-Term Debt to Equity		 0.99 0.99 0.94 0.96 0.96 1.03 1.06 1.17 1.13 1.04
Financial Leverage		 0.94 0.98 1.00 1.02 1.04 1.04 1.04 1.13 1.20 1.15
Leverage Ratio		 2.64 2.68 2.67 2.69 2.76 2.78 2.77 2.89 2.99 2.91
Compound Leverage Factor		 2.02 1.68 2.05 2.04 1.99 1.85 2.10 2.22 2.35 2.20
Debt to Total Capital		 49.89% 49.89% 50.70% 51.25% 51.69% 51.28% 51.55% 54.89% 54.87% 52.71%
Short-Term Debt to Total Capital		 0.04% 0.04% 4.38% 4.25% 5.53% 0.96% 0.04% 2.12% 3.99% 3.57%
Long-Term Debt to Total Capital		 49.85% 49.85% 46.32% 47.01% 46.16% 50.31% 51.51% 52.76% 50.88% 49.13%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.02% 0.02% 0.01% 0.01% 0.02% 0.03% 0.00% 0.00% 0.00% 0.01%
Common Equity to Total Capital		 50.10% 50.10% 49.29% 48.73% 48.30% 48.69% 48.45% 45.11% 45.12% 47.28%
Debt to EBITDA		 2.93 2.94 2.94 2.92 2.98 3.11 2.86 3.08 2.92 2.54
Net Debt to EBITDA		 2.87 2.88 2.86 2.86 2.90 3.05 2.81 3.01 2.85 2.48
Long-Term Debt to EBITDA		 2.93 2.93 2.68 2.68 2.66 3.05 2.85 2.96 2.71 2.37
Debt to NOPAT		 7.83 7.85 4.92 6.11 5.87 6.16 5.61 6.07 5.84 4.73
Net Debt to NOPAT		 7.67 7.68 4.78 5.98 5.71 6.03 5.51 5.93 5.70 4.63
Long-Term Debt to NOPAT		 7.82 7.84 4.49 5.61 5.24 6.04 5.60 5.83 5.41 4.41
Altman Z-Score		 1.49 1.69 1.87 1.91 2.07 2.15 2.66 2.28 2.55 2.98
Noncontrolling Interest Sharing Ratio		 0.03% 0.03% 0.03% 0.03% 0.03% 0.05% 0.03% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.71 0.71 0.55 0.58 0.52 0.67 0.71 0.70 0.56 0.58
Quick Ratio		 0.59 0.59 0.45 0.43 0.38 0.50 0.54 0.54 0.45 0.46
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 397 976 932 1,205 981 817 566 -909 315 1,909
Operating Cash Flow to CapEx		 181.71% 201.29% 194.24% 215.61% 198.42% 212.25% 214.89% 224.49% 225.84% 217.70%
Free Cash Flow to Firm to Interest Expense		 1.09 1.72 2.57 3.14 2.50 1.79 1.80 -2.30 0.62 3.53
Operating Cash Flow to Interest Expense		 4.60 3.26 5.27 5.84 6.00 5.40 8.86 8.08 7.12 7.28
Operating Cash Flow Less CapEx to Interest Expense		 2.07 1.64 2.56 3.13 2.98 2.86 4.74 4.48 3.97 3.93
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.45 0.46 0.48 0.47 0.47 0.44 0.47 0.50 0.50 0.50
Accounts Receivable Turnover		 9.47 9.44 9.56 9.09 9.24 9.16 9.56 9.16 8.69 8.93
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 1.24 1.24 1.31 1.27 0.00 0.00 0.00 1.35 1.35 1.38
Accounts Payable Turnover		 10.21 10.41 10.79 9.05 8.18 7.84 7.98 7.70 6.79 6.78
Days Sales Outstanding (DSO)		 38.55 38.68 38.18 40.14 39.49 39.85 38.18 39.83 42.01 40.86
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 35.75 35.07 33.83 40.35 44.61 46.58 45.75 47.42 53.75 53.81
Cash Conversion Cycle (CCC)		 2.79 3.61 4.35 -0.20 -5.12 -6.72 -7.57 -7.59 -11.73 -12.96
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 15,266 15,266 15,999 16,157 16,657 17,290 18,428 21,280 23,162 23,939
Invested Capital Turnover		 0.61 0.61 0.64 0.62 0.63 0.60 0.63 0.68 0.67 0.68
Increase / (Decrease) in Invested Capital		 581 0.00 733 158 500 633 1,138 2,852 1,882 777
Enterprise Value (EV)		 20,625 24,572 28,264 29,619 35,180 37,976 52,134 51,260 63,817 75,251
Market Capitalization		 13,122 17,069 20,299 21,458 26,715 29,224 42,747 39,744 51,301 62,818
Book Value per Share		 $22.15 $22.62 $23.81 $24.42 $25.44 $26.62 $28.32 $30.65 $33.51 $36.42
Tangible Book Value per Share		 ($10.52) ($10.75) ($10.47) ($11.03) ($11.43) ($11.72) ($12.95) ($16.18) ($18.40) ($16.36)
Total Capital		 15,353 15,353 16,149 16,267 16,809 17,423 18,534 21,472 23,362 24,120
Total Debt		 7,659 7,659 8,187 8,338 8,689 8,934 9,554 11,786 12,819 12,713
Total Long-Term Debt		 7,653 7,653 7,481 7,647 7,759 8,766 9,546 11,330 11,887 11,851
Net Debt		 7,501 7,501 7,963 8,159 8,462 8,747 9,386 11,515 12,515 12,431
Capital Expenditures (CapEx)		 924 918 984 1,040 1,185 1,165 1,297 1,421 1,602 1,808
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -590 -590 -575 -534 -576 -630 -726 -721 -1,055 -934
Debt-free Net Working Capital (DFNWC)		 -522 -522 -491 -464 -529 -592 -697 -578 -915 -860
Net Working Capital (NWC)		 -528 -528 -1,198 -1,154 -1,459 -760 -705 -1,034 -1,847 -1,722
Net Nonoperating Expense (NNE)		 228 363 385 326 407 481 411 455 465 642
Net Nonoperating Obligations (NNO)		 7,572 7,572 8,038 8,227 8,536 8,802 9,449 11,594 12,619 12,532
Total Depreciation and Amortization (D&A)		 1,050 1,070 1,116 1,114 1,122 1,159 1,268 1,441 1,599 1,784
Debt-free, Cash-free Net Working Capital to Revenue		 -6.47% -6.28% -5.72% -5.32% -5.59% -6.21% -6.42% -5.34% -7.05% -5.83%
Debt-free Net Working Capital to Revenue		 -5.72% -5.56% -4.89% -4.62% -5.13% -5.83% -6.17% -4.28% -6.11% -5.36%
Net Working Capital to Revenue		 -5.79% -5.62% -11.93% -11.50% -14.16% -7.49% -6.24% -7.65% -12.34% -10.74%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $3.79 $3.17 $3.34 $3.03 $4.05 $4.70 $5.47 $6.50
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 337.05M 326.90M 321.10M 319.28M 318.81M 316.53M 316.18M 314.40M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $3.77 $3.16 $3.33 $3.02 $4.04 $4.69 $5.47 $6.49
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 338.98M 328.38M 322M 319.84M 319.43M 317.08M 316.67M 314.81M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 331.21M 321.62M 319.06M 318.90M 316.43M 316.04M 314.61M 312.28M
Normalized Net Operating Profit after Tax (NOPAT)		 981 1,005 1,649 1,349 1,481 1,562 1,717 1,958 2,223 2,710
Normalized NOPAT Margin		 10.76% 10.71% 16.43% 13.43% 14.38% 15.39% 15.21% 14.49% 14.86% 16.90%
Pre Tax Income Margin		 13.12% 10.29% 12.77% 13.16% 12.58% 11.25% 13.95% 13.56% 14.64% 15.17%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 4.28 2.71 4.61 4.53 4.58 3.74 6.60 6.05 5.49 5.95
NOPAT to Interest Expense		 2.68 1.72 4.59 3.55 3.78 3.17 5.41 4.92 4.32 4.97
EBIT Less CapEx to Interest Expense		 1.74 1.09 1.90 1.82 1.55 1.20 2.48 2.45 2.33 2.61
NOPAT Less CapEx to Interest Expense		 0.15 0.10 1.88 0.84 0.75 0.62 1.29 1.32 1.17 1.62
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 53.28% 68.43% 34.50% 44.56% 45.74% 53.91% 45.33% 39.92% 36.86% 33.61%
Augmented Payout Ratio		 107.21% 134.28% 82.24% 115.58% 82.94% 64.10% 65.77% 54.44% 52.05% 57.88%

Quarterly Metrics And Ratios for Republic Services

This table displays calculated financial ratios and metrics derived from Republic Services' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 22.63% 19.53% 20.57% 9.15% 6.34% 8.57% 7.84% 8.64% 6.54% 5.58% 3.81%
EBITDA Growth		 17.54% 16.32% 15.52% 15.29% 9.17% 18.53% 13.78% 15.14% 14.86% 12.51% 8.96%
EBIT Growth		 17.88% 16.26% 15.67% 20.79% 9.80% 21.08% 15.28% 15.27% 17.43% 13.94% 9.25%
NOPAT Growth		 29.70% -5.42% 13.36% 13.67% 5.71% 18.93% 17.21% 22.21% 28.43% 21.16% 7.72%
Net Income Growth		 18.84% 10.96% 9.09% 15.01% 15.21% 26.42% 18.18% 19.71% 17.82% 16.69% 9.03%
EPS Growth		 20.00% 11.22% 9.01% 15.38% 15.15% 27.52% 19.01% 20.00% 18.42% 17.27% 9.72%
Operating Cash Flow Growth		 24.70% 24.83% -2.54% 25.76% 16.69% 10.95% 18.00% 1.94% 5.25% 13.72% 26.39%
Free Cash Flow Firm Growth		 -166.70% -305.80% -239.63% 78.82% 80.42% 46.29% 50.20% -12.89% -76.90% 99.69% 51.75%
Invested Capital Growth		 16.56% 15.48% 16.98% 5.38% 5.02% 8.84% 8.70% 5.98% 7.19% 3.35% 5.27%
Revenue Q/Q Growth		 5.40% -1.90% 1.45% 4.04% 2.68% 0.16% 0.79% 4.82% 0.70% -0.74% -0.92%
EBITDA Q/Q Growth		 10.14% -8.30% 7.91% 5.83% 4.29% -0.44% 3.45% 7.10% 4.03% -2.48% 0.35%
EBIT Q/Q Growth		 13.50% -12.35% 11.21% 9.28% 3.18% -3.35% 5.67% 9.27% 5.12% -6.23% 1.51%
NOPAT Q/Q Growth		 18.95% -1.62% -11.71% 10.05% 10.62% 10.68% -13.02% 14.74% 16.24% 4.42% -22.60%
Net Income Q/Q Growth		 12.13% -16.67% 10.63% 11.38% 12.32% -8.56% 3.21% 12.83% 10.55% -9.44% -3.41%
EPS Q/Q Growth		 12.82% -17.42% 11.01% 11.57% 12.59% -8.55% 3.60% 12.50% 11.11% -9.44% -3.07%
Operating Cash Flow Q/Q Growth		 -4.76% -0.83% -15.10% 56.83% -11.63% -5.71% -9.68% 35.48% -8.76% 1.88% 0.29%
Free Cash Flow Firm Q/Q Growth		 14.87% 4.93% -15.18% 77.28% 21.30% -160.79% -6.70% 48.50% -23.32% 99.55% -16,654.72%
Invested Capital Q/Q Growth		 0.14% 1.43% 1.69% 2.03% -0.20% 5.12% 1.56% -0.52% 0.93% 1.36% 3.44%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 39.01% 38.19% 39.42% 40.30% 40.29% 40.90% 40.88% 41.14% 41.93% 42.73% 42.28%
EBITDA Margin		 28.93% 27.04% 28.75% 29.24% 29.70% 29.52% 30.33% 30.99% 32.01% 31.45% 31.85%
Operating Margin		 18.46% 16.36% 17.99% 18.98% 19.02% 18.29% 18.98% 20.10% 20.75% 19.86% 20.05%
EBIT Margin		 18.46% 16.49% 18.06% 18.96% 19.06% 18.39% 19.30% 20.12% 21.00% 19.84% 20.33%
Profit (Net Income) Margin		 11.59% 9.84% 10.72% 11.48% 12.55% 11.46% 11.75% 12.65% 13.88% 12.67% 12.35%
Tax Burden Percent		 82.10% 92.91% 73.53% 73.70% 79.22% 91.04% 75.76% 78.27% 87.53% 96.23% 74.44%
Interest Burden Percent		 76.48% 64.24% 80.75% 82.11% 83.16% 68.45% 80.35% 80.29% 75.51% 66.33% 81.60%
Effective Tax Rate		 17.90% 7.09% 26.47% 26.30% 20.78% 8.96% 24.24% 21.73% 12.47% 3.77% 25.56%
Return on Invested Capital (ROIC)		 10.06% 10.35% 9.31% 9.38% 10.27% 11.21% 9.70% 10.77% 12.59% 13.01% 10.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.81% 8.55% 8.46% 8.59% 9.44% 9.57% 8.87% 9.74% 11.14% 10.94% 9.20%
Return on Net Nonoperating Assets (RNNOA)		 9.89% 9.64% 9.51% 10.45% 11.05% 11.46% 10.45% 11.15% 12.44% 12.53% 10.56%
Return on Equity (ROE)		 19.95% 19.98% 18.81% 19.83% 21.32% 22.67% 20.16% 21.92% 25.03% 25.54% 20.56%
Cash Return on Invested Capital (CROIC)		 -5.34% -4.58% -5.69% 4.33% 4.82% 1.42% 1.75% 4.72% 4.27% 8.11% 6.16%
Operating Return on Assets (OROA)		 9.04% 8.25% 9.45% 9.43% 9.56% 9.10% 9.73% 10.14% 10.74% 9.97% 10.20%
Return on Assets (ROA)		 5.67% 4.92% 5.61% 5.71% 6.30% 5.67% 5.92% 6.38% 7.10% 6.36% 6.20%
Return on Common Equity (ROCE)		 19.94% 19.98% 18.81% 19.83% 21.32% 22.67% 20.16% 21.92% 25.03% 25.54% 20.56%
Return on Equity Simple (ROE_SIMPLE)		 15.32% 0.00% 15.32% 15.44% 15.86% 0.00% 16.65% 17.13% 17.55% 0.00% 17.88%
Net Operating Profit after Tax (NOPAT)		 545 537 474 521 577 638 555 637 740 773 598
NOPAT Margin		 15.16% 15.20% 13.23% 13.99% 15.07% 16.65% 14.38% 15.74% 18.17% 19.11% 14.93%
Net Nonoperating Expense Percent (NNEP)		 1.25% 1.80% 0.84% 0.79% 0.83% 1.64% 0.83% 1.03% 1.45% 2.07% 0.80%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.50% - - - 2.73% - - - 3.21% 2.40%
Cost of Revenue to Revenue		 60.99% 61.81% 60.58% 59.70% 59.71% 59.10% 59.12% 58.86% 58.07% 57.27% 57.72%
SG&A Expenses to Revenue		 10.03% 11.19% 10.59% 10.63% 10.51% 11.27% 10.72% 10.07% 9.96% 11.03% 10.65%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 20.55% 21.83% 21.43% 21.32% 21.27% 22.61% 21.90% 21.04% 21.18% 22.87% 22.23%
Earnings before Interest and Taxes (EBIT)		 664 582 647 707 729 705 745 815 856 803 815
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,041 954 1,029 1,089 1,136 1,131 1,171 1,254 1,305 1,273 1,277
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.42 4.10 4.24 4.69 4.31 4.87 5.54 5.55 5.60 5.51 6.47
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.25 2.94 2.98 3.31 3.04 3.43 3.93 3.92 3.98 3.92 4.66
Price to Earnings (P/E)		 28.88 26.72 27.68 30.38 27.20 29.64 33.26 32.38 31.92 30.75 36.19
Dividend Yield		 1.41% 1.52% 1.46% 1.31% 1.43% 1.26% 1.08% 1.08% 1.07% 1.09% 0.92%
Earnings Yield		 3.46% 3.74% 3.61% 3.29% 3.68% 3.37% 3.01% 3.09% 3.13% 3.25% 2.76%
Enterprise Value to Invested Capital (EV/IC)		 2.55 2.41 2.48 2.70 2.55 2.76 3.08 3.13 3.18 3.14 3.57
Enterprise Value to Revenue (EV/Rev)		 4.13 3.79 3.80 4.13 3.83 4.26 4.76 4.71 4.75 4.69 5.47
Enterprise Value to EBITDA (EV/EBITDA)		 14.45 13.38 13.54 14.50 13.35 14.55 16.01 15.62 15.46 15.04 17.31
Enterprise Value to EBIT (EV/EBIT)		 23.14 21.45 21.69 22.94 21.09 22.90 25.11 24.49 24.08 23.38 26.89
Enterprise Value to NOPAT (EV/NOPAT)		 27.53 26.38 26.87 28.95 26.86 29.06 31.82 30.61 29.37 28.02 32.43
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.64 16.07 16.94 17.57 15.92 17.64 19.37 19.49 19.72 19.12 21.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 63.96 54.14 202.83 183.65 68.25 77.05 39.42 59.43
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.23 1.22 1.20 1.19 1.15 1.22 1.19 1.18 1.12 1.11 1.14
Long-Term Debt to Equity		 1.18 1.17 1.16 1.17 1.06 1.13 1.05 1.05 1.07 1.04 1.10
Financial Leverage		 1.12 1.13 1.12 1.22 1.17 1.20 1.18 1.14 1.12 1.15 1.15
Leverage Ratio		 2.88 2.89 2.85 2.99 2.95 2.99 2.92 2.91 2.87 2.91 2.87
Compound Leverage Factor		 2.20 1.86 2.31 2.45 2.45 2.05 2.34 2.34 2.17 1.93 2.34
Debt to Total Capital		 55.08% 54.89% 54.60% 54.28% 53.58% 54.87% 54.25% 54.08% 52.80% 52.71% 53.24%
Short-Term Debt to Total Capital		 2.16% 2.12% 2.09% 0.68% 4.19% 3.99% 6.05% 5.98% 2.16% 3.57% 1.69%
Long-Term Debt to Total Capital		 52.92% 52.76% 52.50% 53.59% 49.39% 50.88% 48.20% 48.10% 50.64% 49.13% 51.56%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01%
Common Equity to Total Capital		 44.92% 45.11% 45.40% 45.72% 46.42% 45.12% 45.74% 45.92% 47.20% 47.28% 46.75%
Debt to EBITDA		 3.15 3.08 3.00 2.94 2.83 2.92 2.83 2.76 2.58 2.54 2.60
Net Debt to EBITDA		 3.09 3.01 2.94 2.86 2.76 2.85 2.78 2.62 2.52 2.48 2.54
Long-Term Debt to EBITDA		 3.02 2.96 2.89 2.91 2.61 2.71 2.52 2.46 2.48 2.37 2.52
Debt to NOPAT		 6.00 6.07 5.96 5.88 5.70 5.84 5.63 5.41 4.91 4.73 4.87
Net Debt to NOPAT		 5.89 5.93 5.83 5.72 5.55 5.70 5.53 5.13 4.80 4.63 4.76
Long-Term Debt to NOPAT		 5.76 5.83 5.74 5.81 5.26 5.41 5.00 4.81 4.71 4.41 4.72
Altman Z-Score		 2.18 2.07 2.21 2.36 2.24 2.33 2.62 2.65 2.79 2.73 3.07
Noncontrolling Interest Sharing Ratio		 0.03% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.70 0.70 0.74 0.76 0.58 0.56 0.53 0.59 0.64 0.58 0.66
Quick Ratio		 0.56 0.54 0.60 0.64 0.49 0.45 0.43 0.51 0.53 0.46 0.55
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,436 -2,316 -2,667 -606 -477 -1,244 -1,328 -684 -844 -3.82 -641
Operating Cash Flow to CapEx		 298.65% 155.71% 184.57% 332.26% 264.02% 165.26% 158.47% 274.51% 229.96% 222.56% 224.78%
Free Cash Flow to Firm to Interest Expense		 -23.15 -20.62 -21.02 -4.87 -3.74 -9.63 -9.54 -5.33 -6.00 -0.03 -4.58
Operating Cash Flow to Interest Expense		 7.76 7.21 5.42 8.67 7.47 6.96 5.83 8.57 7.13 7.70 7.32
Operating Cash Flow Less CapEx to Interest Expense		 5.16 2.58 2.48 6.06 4.64 2.75 2.15 5.45 4.03 4.24 4.06
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.49 0.50 0.52 0.50 0.50 0.50 0.50 0.50 0.51 0.50 0.50
Accounts Receivable Turnover		 8.73 9.16 9.44 8.50 8.31 8.69 8.84 8.75 8.60 8.93 8.95
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 1.35 1.42 0.00 0.00 1.35 1.39 1.41 1.42 1.38 1.39
Accounts Payable Turnover		 8.52 7.70 9.41 8.18 7.97 6.79 8.37 7.73 7.67 6.78 8.04
Days Sales Outstanding (DSO)		 41.82 39.83 38.67 42.92 43.92 42.01 41.29 41.71 42.43 40.86 40.80
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 42.85 47.42 38.80 44.60 45.78 53.75 43.60 47.22 47.58 53.81 45.39
Cash Conversion Cycle (CCC)		 -1.04 -7.59 -0.13 -1.68 -1.86 -11.73 -2.31 -5.51 -5.15 -12.96 -4.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 20,981 21,280 21,641 22,080 22,035 23,162 23,524 23,401 23,619 23,939 24,763
Invested Capital Turnover		 0.66 0.68 0.70 0.67 0.68 0.67 0.68 0.68 0.69 0.68 0.67
Increase / (Decrease) in Invested Capital		 2,981 2,852 3,141 1,127 1,053 1,882 1,883 1,321 1,584 777 1,239
Enterprise Value (EV)		 53,424 51,260 53,725 59,625 56,170 63,817 72,492 73,327 75,171 75,251 88,423
Market Capitalization		 41,991 39,744 42,065 47,842 44,554 51,301 59,894 61,034 62,896 62,818 75,443
Book Value per Share		 $30.04 $30.65 $31.38 $32.26 $32.66 $33.51 $34.39 $34.94 $35.75 $36.42 $37.35
Tangible Book Value per Share		 ($16.15) ($16.18) ($16.01) ($17.65) ($17.09) ($18.40) ($17.53) ($16.90) ($16.27) ($16.36) ($17.79)
Total Capital		 21,127 21,472 21,842 22,318 22,258 23,362 23,653 23,966 23,791 24,120 24,948
Total Debt		 11,636 11,786 11,925 12,113 11,925 12,819 12,832 12,960 12,560 12,713 13,283
Total Long-Term Debt		 11,180 11,330 11,468 11,960 10,993 11,887 11,400 11,527 12,047 11,851 12,862
Net Debt		 11,433 11,515 11,660 11,782 11,614 12,515 12,597 12,291 12,274 12,431 12,978
Capital Expenditures (CapEx)		 274 520 373 325 361 544 512 401 436 459 456
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -590 -721 -463 -755 -946 -1,055 -712 -932 -864 -934 -832
Debt-free Net Working Capital (DFNWC)		 -509 -578 -331 -573 -788 -915 -620 -441 -780 -860 -749
Net Working Capital (NWC)		 -964 -1,034 -788 -726 -1,720 -1,847 -2,052 -1,874 -1,293 -1,722 -1,170
Net Nonoperating Expense (NNE)		 128 189 90 94 96 199 101 125 175 261 103
Net Nonoperating Obligations (NNO)		 11,491 11,594 11,723 11,875 11,702 12,619 12,703 12,394 12,388 12,532 13,098
Total Depreciation and Amortization (D&A)		 377 372 383 383 407 426 426 440 449 470 462
Debt-free, Cash-free Net Working Capital to Revenue		 -4.56% -5.34% -3.28% -5.23% -6.45% -7.05% -4.67% -5.98% -5.46% -5.83% -5.14%
Debt-free Net Working Capital to Revenue		 -3.93% -4.28% -2.34% -3.97% -5.37% -6.11% -4.07% -2.83% -4.93% -5.36% -4.63%
Net Working Capital to Revenue		 -7.46% -7.65% -5.58% -5.03% -11.73% -12.34% -13.46% -12.04% -8.18% -10.74% -7.23%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.32 $1.09 $1.21 $1.35 $1.52 $1.39 $1.44 $1.62 $1.80 $1.64 $1.58
Adjusted Weighted Average Basic Shares Outstanding		 316.51M 316.53M 316.71M 316.85M 316.06M 316.18M 315.29M 314.91M 314.00M 314.40M 312.97M
Adjusted Diluted Earnings per Share		 $1.32 $1.09 $1.21 $1.35 $1.52 $1.39 $1.44 $1.62 $1.80 $1.63 $1.58
Adjusted Weighted Average Diluted Shares Outstanding		 317.05M 317.08M 317.14M 317.31M 316.56M 316.67M 315.69M 315.24M 314.37M 314.81M 313.28M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 316.00M 316.04M 316.28M 316.33M 314.64M 314.61M 314.93M 314.07M 313.15M 312.28M 312.50M
Normalized Net Operating Profit after Tax (NOPAT)		 547 544 478 533 580 643 560 640 748 782 600
Normalized NOPAT Margin		 15.20% 15.42% 13.34% 14.30% 15.17% 16.79% 14.49% 15.82% 18.35% 19.33% 14.97%
Pre Tax Income Margin		 14.11% 10.59% 14.58% 15.57% 15.85% 12.59% 15.51% 16.16% 15.86% 13.16% 16.59%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.31 5.18 5.10 5.68 5.71 5.46 5.35 6.35 6.09 6.05 5.82
NOPAT to Interest Expense		 5.18 4.78 3.73 4.19 4.52 4.94 3.99 4.96 5.27 5.82 4.27
EBIT Less CapEx to Interest Expense		 3.71 0.55 2.16 3.07 2.88 1.25 1.67 3.23 2.99 2.59 2.56
NOPAT Less CapEx to Interest Expense		 2.58 0.15 0.80 1.58 1.69 0.73 0.31 1.84 2.16 2.36 1.02
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 42.33% 39.92% 39.76% 39.07% 38.19% 36.86% 36.10% 35.12% 34.18% 33.61% 33.57%
Augmented Payout Ratio		 62.59% 54.44% 40.62% 39.39% 50.12% 52.05% 51.50% 58.70% 54.82% 57.88% 59.71%

Key Financial Trends

Republic Services (NYSE: RSG) Financial Highlights and Trends (Q1 2022 to Q1 2025)

Republic Services has shown a relatively stable financial performance over the last several quarters, with steady revenue growth, stable operating costs, and solid cash flow generation. Below are the key points from the analysis of Q1 2025 compared to prior quarters and years.

  • Revenue Growth: Operating revenue increased from approximately $3.58 billion in Q1 2023 to $4.01 billion in Q1 2025, marking steady top-line growth over two years.
  • Gross Profit Improvement: Total gross profit improved from about $1.41 billion in Q1 2023 to $1.70 billion in Q1 2025, indicating better operational efficiency or pricing power.
  • Net Income Growth: Net income attributable to common shareholders rose from $383.9 million in Q1 2023 to approximately $495.0 million in Q1 2025, supporting earnings growth.
  • Strong Operating Cash Flow: Net cash from operating activities consistently exceeds $800 million quarterly, improving to $1.025 billion in Q1 2025, reflecting robust cash generation capabilities.
  • Capex Investment Consistency: Property, Plant & Equipment investments consistently range from $335 million to over $500 million per quarter, indicating ongoing investment in infrastructure.
  • Debt Management: Long-term debt increased slightly but is managed with repayments and issuances balancing out; Q1 2025 long-term debt was $12.86 billion versus $11.4-$12.5 billion in recent years.
  • Dividends and Shareholder Returns: Dividend per share grew from $0.495 in early 2023 to $0.58 in Q1 2025, demonstrating commitment to shareholder returns.
  • Shares Outstanding Stability: Weighted average shares outstanding have remained stable around 312-317 million shares, indicating no significant dilution.
  • Interest Expense: Interest expense has increased moderately from around $113 million in 2022 to $140 million in Q1 2025, reflecting some increased leverage costs.
  • Acquisitions and Investing Activity: Significant cash outflows for acquisitions, notably $1 billion in Q4 2023 and $834 million in Q1 2025, may pressure liquidity and increase debt if not accretive.

Summary: Republic Services exhibits a solid financial position with consistent revenue and earnings growth, strong cash flow from operations, and steady investment in assets. The company maintains a disciplined capital structure, balancing debt issuance and repayment. Continuing acquisition activity suggests growth strategies that warrant investor attention for potential impacts on financial leverage and returns. Dividend increases also support the attractiveness of the stock for income-focused investors.

08/05/25 02:24 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Republic Services' Financials

When does Republic Services' financial year end?

According to the most recent income statement we have on file, Republic Services' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Republic Services' net income changed over the last 9 years?

Republic Services' net income appears to be on an upward trend, with a most recent value of $2.04 billion in 2024, rising from $750.40 million in 2015. The previous period was $1.73 billion in 2023. Check out Republic Services' forecast to explore projected trends and price targets.

What is Republic Services' operating income?
Republic Services' total operating income in 2024 was $3.20 billion, based on the following breakdown:
  • Total Gross Profit: $6.68 billion
  • Total Operating Expenses: $3.49 billion
How has Republic Services' revenue changed over the last 9 years?

Over the last 9 years, Republic Services' total revenue changed from $9.12 billion in 2015 to $16.03 billion in 2024, a change of 75.9%.

How much debt does Republic Services have?

Republic Services' total liabilities were at $21.00 billion at the end of 2024, a 0.6% increase from 2023, and a 64.5% increase since 2015.

How much cash does Republic Services have?

In the past 9 years, Republic Services' cash and equivalents has ranged from $29 million in 2021 to $143.40 million in 2022, and is currently $74 million as of their latest financial filing in 2024.

How has Republic Services' book value per share changed over the last 9 years?

Over the last 9 years, Republic Services' book value per share changed from 22.15 in 2015 to 36.42 in 2024, a change of 64.4%.


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This page (NYSE:RSG) was last updated on 8/5/2025 by MarketBeat.com Staff
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