Republic Services (RSG) stock
Industrials · Environmental & Facilities Services
Republic Services (RSG) is an Environmental & Facilities Services company in the Industrials sector, headquartered in Phoenix, Arizona. As of October 23, 2026, RSG closed at $240.45, a market capitalization of $73.63 billion, the 174th largest company in the S&P 500. Over the last twelve months it generated $16.89 billion in revenue (+5% year over year) and $2.65 billion in free cash flow. The stock trades at 34.1x trailing earnings and 29.8x forward earnings.
- 1-year total return: +9.1% (dividends reinvested)
- 5-year return: +13.9% a year
- 52-week range: $196.41 – $243.22
- Gross margin 43.0%, operating margin 20.4%
- Dividend yield: 1.11%, 22 straight years of increases
- FI Handbook report card: C across 10 metrics
- 28th largest of 83 Industrials stocks in the S&P 500
RSG price chart
1Y price change: +7.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| RSG | +13.2% | +14.8% | +9.1% | +19.9% | +13.9% | +18.9% | +11.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1998.
RSG key statistics
- Market cap
- $73.6B
- #174 in S&P 500
- P/E (TTM)
- 34.1x
- Forward P/E
- 29.8x
- EPS (TTM)
- $7.05
- Revenue (TTM)
- $16.9B
- +5%
- Free cash flow
- $2.7B
- Gross margin
- 43.0%
- Operating margin
- 20.4%
- Return on equity
- 18.2%
- Dividend yield
- 1.11%
- 52-week range
- $196.41 – $243.22
- Beta
- 0.40
- Price / sales
- 4.4x
- EV / EBITDA
- 16.7x
- Debt / equity
- 1.19x
- Employees
- 42,000
RSG report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth4.6%D
- Gross margin43.0%B
- Operating margin20.4%B
- FCF margin15.7%B
- Return on equity18.2%B
- Net debt / EBITDA2.7xD
- Forward P/E29.8xD
- PEG ratio2.8xD
- Shareholder yield2.3%C
- Share count change / yr-0.5%C
Republic Services financials
Revenue went from $9.4B in fiscal 2016 to $16.6B in fiscal 2025, growing 6.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.4B | $10.0B | $10.0B | $10.3B | $10.2B | $11.3B | $13.5B | $15.0B | $16.0B | $16.6B |
| Gross profit | $3.6B | $3.8B | $3.9B | $4.0B | $4.1B | $4.6B | $5.3B | $6.0B | $6.7B | $7.0B |
| Operating income | $1.5B | $1.7B | $1.7B | $1.8B | $1.7B | $2.1B | $2.4B | $2.8B | $3.2B | $3.3B |
| Net income | $612.6M | $1.3B | $1.0B | $1.1B | $967.2M | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B |
| EPS (diluted) | $1.78 | $3.77 | $3.16 | $3.33 | $3.02 | $4.04 | $4.69 | $5.47 | $6.49 | $6.85 |
| Free cash flow | $920.0M | $920.9M | $1.2B | $1.1B | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B | $2.4B |
| Buybacks | $403.8M | $610.7M | $736.9M | $399.4M | $98.8M | $252.2M | $203.0M | $262.0M | $482.0M | $870.0M |
| Dividends paid | $418.9M | $440.5M | $461.8M | $491.2M | $522.5M | $552.6M | $593.0M | $638.0M | $687.0M | $738.0M |
| Diluted shares | 344.4M | 339.0M | 328.4M | 322.0M | 319.8M | 319.4M | 317.1M | 316.7M | 314.8M | 312.2M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into RSG?
A reverse DCF asks what growth the current price requires. With an enterprise value of $87.8B and $2.7B of trailing free cash flow, Republic Services needs to grow free cash flow about 23.5% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 13.5% a year over the last five years.
P/E ratio history
Current 35.1x vs. median 26.9x (10th–90th percentile 19.3x–39.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
RSG dividend
- Dividend yield
- 1.11%
- Annual dividend
- $2.68
- Years of increases
- 22
- 5-yr dividend growth
- 7.3%
- per year
- Payout ratio
- 35%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
RSG analyst price targets
24 analysts' average 12-month target is $243.58 (+1% vs. $240.45). Targets range from $208.00 to $272.00. 56% rate it a buy.
RSG earnings
Next report: October 29, 2026. Republic Services has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $4.4B (+5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $1.82 | $1.85 | +1.7% |
| May 7, 2026 | $1.64 | $1.70 | +3.8% |
| Feb 17, 2026 | $1.63 | $1.76 | +7.9% |
| Oct 30, 2025 | $1.78 | $1.90 | +6.5% |
| Jul 29, 2025 | $1.76 | $1.77 | +0.8% |
| Apr 24, 2025 | $1.53 | $1.58 | +3.1% |
| Feb 13, 2025 | $1.39 | $1.58 | +13.6% |
| Oct 29, 2024 | $1.61 | $1.81 | +12.3% |
Stocks like RSG
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 WM Waste Management | +0.12% | +13% | $95.7B | 33.9x | Compare |
 VLTO Veralto | -0.54% | +0% | $25.4B | 25.4x | Compare |
 ROL Rollins | -1.39% | -38% | $16.8B | 31.9x | Compare |
 CAT Caterpillar | -2.42% | +33% | $315.8B | 29.6x | Compare |
 GE GE Aerospace | -2.69% | -6% | $296.4B | 32.6x | Compare |
 RTX RTX | -1.90% | +8% | $257.8B | 31.1x | Compare |
 GEV GE Vernova | -1.50% | +37% | $217.1B | 23.4x | Compare |
 DE Deere & | +0.39% | +39% | $174.2B | 35.9x | Compare |
RSG news
- 1,900 REPUBLIC SERVICES TEAMSTERS RATIFY CONTRACT IN SO-CAL · Oct 23, 2026
- REPUBLIC SERVICES WORKERS IN CALIFORNIA JOIN TEAMSTERS · Oct 22, 2026
- Republic Services (RSG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release · Oct 22, 2026
- The Zacks Analyst Blog Highlights Abbott Laboratories, Johnson & Johnson, Stryker, Waste Management and Republic Services · Oct 20, 2026
- Republic Services Breaks Ground on State-of-the-Art Recycling Center to Serve Greater St. Louis · Oct 15, 2026
RSG stock FAQ
What is RSG's market cap?
Republic Services's market capitalization is $73.63 billion as of October 23, 2026, ranking 174th in the S&P 500.
What is RSG's P/E ratio?
RSG trades at a trailing price-to-earnings ratio of 34.1x and a forward P/E of 29.8x. Its median P/E over the period we track is 26.9x.
Does RSG pay a dividend?
Yes. Republic Services pays $2.68 per share a year, a 1.11% yield. It has raised its dividend 22 years in a row. Dividends grew 7.3% a year over the last five years.
How much has RSG stock returned?
Including reinvested dividends, RSG returned +9.1% over one year, +13.9% a year over five years, +18.9% a year over ten years through October 23, 2026.
Is RSG stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Republic Services must grow free cash flow about 23% a year for the next decade. Its free cash flow grew 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the RSG price target?
24 analysts cover RSG with an average 12-month price target of $243.58, +1% from the current price. 56% of them rate it a buy.
When does RSG report earnings?
Republic Services is expected to report earnings on October 29, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Republic Services have?
Republic Services has about 42,000 full-time employees, or $402,167 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology