Republic Services (RSG) Financials

$254.78 +1.92 (+0.76%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$255.00 +0.22 (+0.08%)

As of 04:14 AM Eastern

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

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Republic Services' Financials

When does Republic Services's fiscal year end?

According to the most recent income statement we have on file, Republic Services' financial year ends in December. Their financial 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. See Republic Services' forecast for analyst expectations on what’s next for the company.

What is Republic Services's operating income?

Republic Services's 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 5/28/2025 by MarketBeat.com Staff

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Republic Services (RSG) Financials

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Republic Services (RSG) Financials

Annual Income Statements for Republic Services

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