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REPUBLIC SERVICES, INC.

CIK: 1060391 SIC: 4953
$19.03B
Revenue
$2.14B
Net Income
49.39%
Gross Margin
17.35%
Op. Margin
$4.24B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 17 of 17 annual reports available (2009 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
+ Total Revenue $19.03B $19.03B $18.42B $17.28B $13.51B $11.29B $10.15B $10.30B $10.04B $10.04B $9.39B $9.12B $8.79B $8.42B $8.12B $8.19B $8.11B $8.20B
Revenue Growth % 0.0% 3.3% 6.6% 27.9% 19.6% 11.2% -1.4% 2.6% -0.0% 7.0% 3.0% 3.7% 4.4% 3.7% -0.9% 1.1% -1.1% nan%
Cost of Revenue $9.63B $9.63B $9.35B $8.94B $8.21B $6.74B $6.10B $6.30B $6.15B $6.21B $5.76B $5.52B $5.63B $5.23B $5.01B $4.87B $4.76B $4.84B
+ Gross Profit $9.40B $9.40B $9.07B $8.34B $5.31B $4.56B $4.05B $4.00B $3.89B $3.83B $3.62B $3.60B $3.16B $3.18B $3.11B $3.33B $3.34B $3.35B
Gross Margin % 49.4% 49.4% 49.2% 48.2% 39.3% 40.3% 39.9% 38.8% 38.8% 38.1% 38.6% 39.5% 36.0% 37.8% 38.3% 40.6% 41.2% 40.9%
Selling General & Admin $1.71B $1.71B $1.67B $1.61B $1.45B $1.20B $1.05B $1.09B $1.06B $1.06B $969.80M $983.10M $918.90M $853.80M $820.90M $825.40M $858.00M $880.40M
+ Operating Income $3.30B $3.30B $3.20B $2.78B $2.39B $2.08B $1.71B $1.79B $1.74B $1.67B $1.54B $1.56B $1.23B $1.21B $1.32B $1.55B $1.54B $1.59B
Operating Margin % 17.3% 17.4% 17.4% 16.1% 17.7% 18.4% 16.8% 17.4% 17.3% 16.6% 16.4% 17.1% 14.0% 14.4% 16.3% 19.0% 19.0% 19.4%
Interest Expense $500.00M $500.00M $487.00M $508.20M $395.60M $314.60M $355.60M $392.00M $383.80M $361.90M $371.30M $364.90M $348.70M $360.00M $388.50M $440.20M $507.40M $595.90M
Interest Income $8.00M $8.00M $9.00M $6.50M $3.30M $2.50M $5.20M $6.40M $1.60M $1.00M $900.00K $800.00K $600.00K $700.00K $1.00M $300.00K $700.00K $2.00M
Other Income/Expense $21.00M $21.00M $23.00M $7.50M $-2.30M $-500.00K $4.10M $6.40M $3.40M $2.70M $1.10M $1.20M $1.70M $2.30M $3.40M $4.30M $5.40M $3.20M
Income Before Tax $2.59B $2.59B $2.43B $2.19B $1.83B $1.58B $1.14B $1.30B $1.32B $1.28B $965.90M $1.20B $885.30M $851.20M $823.90M $906.30M $877.00M $865.00M
Income Tax Expense $455.00M $455.00M $388.00M $460.10M $343.90M $282.80M $173.10M $222.00M $283.30M $3.10M $352.70M $445.50M $337.40M $262.10M $251.80M $317.40M $369.50M $368.50M
+ Net Income $2.14B $2.14B $2.04B $1.73B $1.49B $1.29B $967.24M $1.07B $1.04B $1.28B $612.59M $749.91M $547.60M $588.90M $571.80M $589.20M $506.50M $495.00M
Net Margin % 11.2% 11.2% 11.1% 10.0% 11.0% 11.4% 9.5% 10.4% 10.3% 12.7% 6.5% 8.2% 6.2% 7.0% 7.0% 7.2% 6.2% 6.0%
Basic EPS 6.86 6.86 6.50 5.47 4.70 4.05 3.03 3.34 3.17 3.79 1.79 2.14 1.54 1.63 1.56 1.57 1.32 1.30
Diluted EPS 6.84 6.85 6.49 5.47 4.69 4.04 3.02 3.33 3.16 3.77 1.78 2.13 1.53 1.62 1.55 1.56 1.32 1.30
Basic Shares Outstanding - 311.9M 314.4M 316.2M 316.5M 318.8M 319.3M 321.1M 326.9M 337.1M 343.0M 350.0M 356.7M 362.1M 366.9M 376.0M 383.0M 379.7M
Diluted Shares Outstanding - 312.2M 314.8M 316.7M 317.1M 319.4M 319.8M 322.0M 328.4M 339.0M 344.4M 351.4M 358.1M 363.4M 368.0M 377.6M 385.1M 381.0M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
Cash & Cash Equivalents $76.00M $74.00M $140.00M $143.40M $29.00M $38.20M $47.10M $70.50M $83.30M $67.80M $32.40M $75.20M $213.30M $67.60M $66.30M $88.30M $48.00M
Accounts Receivable $1.90B $1.82B $1.77B $1.68B $1.27B $1.09B $1.13B $1.10B $1.11B $994.80M $962.90M $930.40M $890.70M $836.60M $825.80M $828.90M $865.10M
Inventory $106.00M $98.00M - - - - - - - - - - - - - - -
Other Current Assets $550.00M $511.00M $472.60M $536.50M $410.40M $392.30M $433.00M $391.20M $247.60M $221.90M $235.00M $263.40M $200.30M $209.30M $215.90M $207.40M $156.50M
Total Current Assets $2.52B $2.41B $2.38B $2.36B $1.71B $1.52B $1.61B $1.56B $1.44B $1.28B $1.23B $1.39B $1.42B $1.23B $1.27B $1.25B $1.26B
Property Plant & Equipment - - - - - - $8.38B $8.02B $7.78B $7.59B $7.55B $7.17B $7.04B $6.91B $6.79B $6.70B $6.66B
Goodwill $16.71B $15.98B $15.83B $14.45B $12.83B $12.05B $11.63B $11.40B $11.32B $11.16B $11.15B $10.83B $10.72B $10.69B $10.65B $10.66B $10.67B
Intangible Assets $655.00M $546.00M $496.20M $347.20M $259.50M $173.10M $133.90M $106.50M $141.10M $182.30M $246.40M $298.90M $315.80M $358.70M $409.60M $451.30M $500.00M
Other Non-current Assets $1.57B $1.38B $1.18B $1.03B $787.60M $817.40M $747.60M $417.80M $335.20M $320.50M $301.90M $292.30M $280.90M $262.40M $247.30M $237.90M $210.10M
Total Assets $34.37B $32.40B $31.41B $29.05B $24.95B $23.43B $22.68B $21.62B $21.15B $20.63B $20.58B $20.09B $19.95B $19.62B $19.55B $19.46B $19.54B
Accounts Payable $1.37B $1.34B $1.41B $1.22B $910.00M $779.00M $777.90M $761.50M $598.10M $553.80M $577.40M $527.30M $511.40M $474.50M $563.60M $606.50M $592.80M
Deferred Revenue $496.00M $485.00M $467.30M $443.00M $381.30M $345.60M $336.00M $338.70M $312.10M $312.90M $313.90M $306.30M $301.80M $313.20M $290.20M $295.10M $331.10M
Total Current Liabilities $3.93B $4.13B $4.23B $3.39B $2.42B $2.28B $3.06B $2.72B $2.63B $1.81B $1.83B $1.83B $1.72B $1.70B $1.90B $2.68B $2.55B
Long-term Debt $13.71B $11.85B $11.89B $11.33B $9.55B $8.77B $7.76B $7.65B $7.48B $7.65B $7.57B $7.05B $7.00B $7.05B $6.89B $5.87B $6.42B
Other Non-current Liabilities $556.00M $588.00M $594.60M $660.70M $642.40M $681.80M $579.40M $321.40M $312.10M $301.20M $309.30M $344.90M $379.00M $220.90M $222.10M $305.50M $279.20M
Common Stock $3.00M $3.00M $3.20M $3.20M $3.20M $3.20M $3.50M $3.50M $3.50M $3.50M $3.50M $4.10M $4.10M $4.10M $4.00M $4.00M $4.00M
Retained Earnings $11.16B $9.77B $8.43B $7.36B $6.48B $5.75B $5.32B $4.75B $4.15B $3.32B $3.14B $2.79B $2.63B $2.40B $2.16B $1.89B $1.68B
Treasury Stock - - - - $274.80M $100.00K $2.20B $1.78B $1.06B $414.90M $14.90M $1.90B $1.50B $1.29B $961.50M $500.80M $457.70M
Total Stockholders Equity $11.97B $11.40B $10.54B $9.69B $8.98B $8.48B $8.12B $7.93B $7.96B $7.69B $7.77B $7.75B $7.90B $7.70B $7.68B $7.85B $7.56B
Total Liabilities & Equity $34.37B $32.40B $31.41B $29.05B $24.95B $23.43B $22.68B $21.62B $21.15B $20.63B $20.58B $20.09B $19.95B $19.62B $19.55B $19.46B $19.54B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
FY 2013
(Dec 31, 2013)
FY 2012
(Dec 31, 2012)
FY 2011
(Dec 31, 2011)
FY 2010
(Dec 31, 2010)
FY 2009
(Dec 31, 2009)
Net Income $2.63B $2.14B $2.04B $1.73B $1.49B $1.29B $967.24M $1.07B $1.04B $1.28B $612.59M $749.91M $547.60M $588.90M $571.80M $589.20M $506.50M $495.00M
Depreciation & Amortization $1.81B $1.81B $1.68B $1.50B $1.35B $1.19B $1.08B $1.04B $1.03B $1.04B $991.10M $970.60M $906.90M $877.40M $848.50M $843.60M $833.70M $869.70M
Stock-based Compensation - - $42.00M $40.90M $38.80M $57.00M $37.30M $39.50M $39.00M $34.60M $23.20M $18.90M $17.40M $19.20M $21.20M $20.60M $24.50M $15.00M
Deferred Income Tax $262.00M $269.00M $87.00M $101.70M $181.10M $-15.50M $60.80M $166.10M $152.10M $-379.00M $47.20M $116.70M $-9.00M $-38.50M $83.90M $334.80M $61.30M $-24.60M
Change in Receivables $156.00M $87.00M $76.00M $71.30M $198.80M $135.40M $-13.80M $38.30M $29.60M $118.90M $52.30M $15.70M $54.30M $61.60M $37.20M $16.00M $-8.80M $53.10M
Change in Payables $-69.00M $-14.00M $-27.00M $82.80M $106.40M $113.80M $-46.70M $6.40M $85.90M $21.70M $-9.80M $35.60M $3.30M $37.90M $-49.60M $11.90M $-34.90M $-6.90M
Operating Cash Flow $7.46B $4.30B $3.94B $3.62B $3.19B $2.79B $2.47B $2.35B $2.24B $1.91B $1.85B $1.68B $1.53B $1.55B $1.51B $1.77B $1.43B $1.40B
Capital Expenditure $3.21B $1.89B $1.85B $1.63B $1.45B $1.32B $1.19B $1.21B $1.07B $989.80M $927.80M $945.60M $862.50M $880.80M $903.50M $936.50M $794.70M $826.30M
Acquisitions $3.23B $1.43B $753.00M $2.07B $3.04B $1.22B $769.50M $575.10M $277.30M $354.70M $62.40M $572.70M $195.70M $68.70M $95.30M $42.60M $58.90M $100.00K
Investing Cash Flow $-6.42B $-3.31B $-2.56B $-3.67B $-4.42B $-2.47B $-1.92B $-1.72B $-1.23B $-1.38B $-961.20M $-1.48B $-959.80M $-933.80M $-937.60M $-950.20M $-690.50M $-242.50M
Stock Issued - - - - $-13.60M $-12.00M $3.90M $9.30M $23.20M $36.90M $49.70M $65.90M $88.60M $150.80M $70.40M $40.70M $86.50M $39.60M
Stock Repurchased $984.00M $870.00M $482.00M $261.80M $203.50M $252.20M $98.80M $399.40M $736.90M $610.70M $403.80M $404.70M $400.60M $214.10M $325.60M $460.70M $43.10M $1.00M
Dividends Paid $1.28B $738.00M $687.00M $638.10M $592.90M $552.60M $522.50M $491.20M $461.80M $440.50M $418.90M $399.30M $378.60M $348.50M $329.10M $309.40M $294.60M $288.30M
Financing Cash Flow $-914.00M $-938.00M $-1.40B $61.90M $1.34B $-329.20M $-612.00M $-589.00M $-1.06B $-511.80M $-851.20M $-239.70M $-708.10M $-468.70M $-574.90M $-838.50M $-702.90M $-1.17B
Net Change in Cash $127.00M $46.00M $-25.00M $13.20M $108.70M $-8.60M $-63.20M $44.10M $-45.80M $66.10M $35.40M $-42.80M $-138.10M $145.70M $1.30M $-22.00M $40.30M $-20.70M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $4.21B - $12.46B -
Cost of Revenue $2.46B - $7.23B -
Selling General & Admin $422.00M - $1.27B -
Operating Income $836.00M - $2.50B -
Interest Expense $143.00M - $428.00M -
Interest Income $2.00M - $6.00M -
Other Income/Expense $7.00M - $22.00M -
Income Before Tax $645.00M - $2.03B -
Income Tax Expense $95.00M - $435.00M -
Net Income $549.67M $512.00M $1.59B -
Basic EPS 1.76 - 5.10 -
Diluted EPS 1.76 - 5.10 -
Basic Shares Outstanding $311.73M - $312.59M -
Diluted Shares Outstanding $312.01M - $312.88M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $84.00M $74.00M
Accounts Receivable $1.90B $1.82B
Other Current Assets $500.00M $511.00M
Total Current Assets $2.48B $2.41B
Goodwill $16.70B $15.98B
Intangible Assets $599.00M $546.00M
Other Non-current Assets $1.59B $1.38B
Total Assets $33.79B $32.40B
Accounts Payable $1.25B $1.34B
Deferred Revenue $504.00M $485.00M
Total Current Liabilities $4.26B $4.13B
Long-term Debt $12.35B $11.85B
Other Non-current Liabilities $563.00M $588.00M
Common Stock $3.00M $3.00M
Retained Earnings $10.81B $9.77B
Total Stockholders Equity $11.87B $11.40B
Total Liabilities & Equity $33.79B $32.40B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $549.67M $512.00M $1.59B -
Depreciation & Amortization $459.00M - $1.36B -
Stock-based Compensation - - $33.00M -
Deferred Income Tax - - $130.00M -
Change in Receivables - - $78.00M -
Change in Payables - - $23.00M -
Operating Cash Flow - - $3.31B -
Capital Expenditure - - $1.31B -
Acquisitions - - $1.26B -
Investing Cash Flow - - $-2.57B -
Stock Repurchased - - $599.00M -
Dividends Paid - - $544.00M -
Financing Cash Flow - - $-723.00M -
Net Change in Cash - - $22.00M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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