Republic Services
RSG on NYSE. Republic Services collects and processes waste for homes and businesses. Market value $65.2bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
See cheaper Industrials stocks on the list
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $4.07 of spare cash in the past 12 months. A savings account pays about $4.
You pay 23.5 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 9 cents a year. Above 10 is good.
Quality score: 91 of 100. Price score: 53 of 100. Our list needs 70 on quality and 60 on price.
$212.83 a share, 8% above its 1-year low
Over the past year the price has ranged from $196.41 to $233.42.
Dividend: 1.1% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $13.3bn | $15.6bn | $17.3bn | $18.4bn | $19.0bn |
| Operating margin | |||||
| Operating margin | 15.6% | 15.3% | 16.1% | 17.4% | 17.4% |
| Debt to equity | |||||
| Debt to equity | 1.06 | 1.22 | 1.22 | 1.11 | 1.13 |
| Shares outstanding | |||||
| Shares outstanding | 0.32bn | 0.31bn | 0.31bn | 0.31bn | 0.31bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)6 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.13× equity
- Revenue growth, five yearsSlow, 9.6% a year
- Buying back its own sharesYes, 3% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $5.1 billion last quarter, up 4% on a year ago.
- Profit: $566 million, up 3% on a year ago.
- It keeps 17 cents of each $1 of sales as operating profit, down from 18 cents a year earlier.
- Spare cash over the past 12 months: $2.7 billion, up from $2.4 billion.
- 2% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $14 billion more than cash, up from $12.8 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $4.7bn |
| December 2024 | $4.6bn |
| March 2025 | $4.6bn |
| June 2025 | $4.9bn |
| September 2025 | $4.8bn |
| December 2025 | $4.7bn |
| March 2026 | $4.7bn |
| June 2026 | $5.1bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $566m |
| December 2024 | $512m |
| March 2025 | $495m |
| June 2025 | $550m |
| September 2025 | $550m |
| December 2025 | $545m |
| March 2026 | $525m |
| June 2026 | $566m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 29 October 2026
- Last annual report (10-K)
- 18 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
3 long-term investors we follow own it, down from 4 last quarter. 1,303 funds in all.
- GAMCO InvestorsMario Gabelli
- Value
- $95m
- Share of fund
- 0.9%
- Fenimore Asset Management (FAM Funds)John Fox
- Value
- $60m
- Share of fund
- 1.2%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| GAMCO InvestorsMario Gabelli | $95m | 0.9% | |
| Fenimore Asset Management (FAM Funds)John Fox | $60m | 1.2% | |
| Gotham Asset ManagementJoel Greenblatt | $30m | <0.1% | Added |
Sold out this quarter
Largest holders overall
- BlackRock$3.8bnAdded
- Vanguard Capital Management$2.8bn
- State Street$2.1bn
- Vanguard Portfolio Management$1.5bnAdded
- Price T Rowe Associates$1.4bnAdded
- Morgan Stanley$1.0bnCut
- Geode Capital Management$1.0bn
- FMR$968mCut
- JPMorgan Chase$788mAdded
- Bank of America$683mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Cascade Investment, L.L.C.Passive investorat least 37.9%+1.2 pts(filed with 1 related holder)Since 4 September 2026
- BlackRock, Inc.Passive investorSold down below 5%Since 30 June 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Cascade Investment, L.L.C. Passive investor | at least 37.9%+1.2 pts (filed with 1 related holder) | 4 September 2026 | |
BlackRock, Inc. Passive investor | Sold down below 5% | 30 June 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $100,122 of shares on the open market. 2 sold $458,181.
- Volpe Sandra MDirectorSold
- Date
- 11 June 2026
- Shares
- 1,800
- Price
- $211.28
- Value
- $380,304
- Carlsen ElyseCAOSold
- Date
- 19 May 2026
- Shares
- 360
- Price
- $216.32
- Value
- $77,877
- Weymouth KatharineDirectorBought
- Date
- 9 December 2025
- Shares
- 478
- Price
- $209.46
- Value
- $100,122
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 June 2026 | Volpe Sandra M Director | Sold | 1,800 | $211.28 | $380,304 |
| 19 May 2026 | Carlsen Elyse CAO | Sold | 360 | $216.32 | $77,877 |
| 9 December 2025 | Weymouth Katharine Director | Bought | 478 | $209.46 | $100,122 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.