RSG
Republic Services, Inc.
RSG's fundamentals are mixed: it turned 13% of its revenue into free cash flow, while its operating margin held steady at 18%. At 35x earnings, it's trading above its usual 32x. Analysts expect earnings growth.
RSG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
RSG's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
RSG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 28x | $206 | -19% |
| Fair | 32x | $230 | -9.3% |
| Forward | 33x | $253 | — |
| Expensive | 35x | $252 | -0.6% |
| Current | 35x | $253 | — |
Historical ranges are pointers, not guarantees.
RSG's PE is in its expensive range at 35x. If earnings grow as analysts expect, today's price would be 33x next year's earnings, in its fair range.
RSG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for RSG, with profitability improving.
RSG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.75 | +7.2% |
| Q3 2026 | $7.23 | +7.6% |
| Q2 2026 | $7.06 | +4.4% |
| Q1 2026 | $6.97 | +5.1% |
| Q4 2025 | $6.85 | +5.5% |
| Q3 2025 | $6.72 | +7.5% |
| Q2 2025 | $6.76 | +13% |
| Q1 2025 | $6.63 | +16% |
| Q4 2024 | $6.49 | +19% |
RSG's earnings per share have climbed steadily: $7.23 over the past year, up 7.6% from the year before, and higher year over year for 22 quarters in a row.
RSG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.2B | +7.8% |
| Q2 2026 | $5.1B | +4% |
| Q1 2026 | $4.7B | +2.3% |
| Q4 2025 | $4.7B | +2% |
| Q3 2025 | $4.8B | +3.1% |
| Q2 2025 | $4.9B | +4.7% |
| Q1 2025 | $4.6B | +3.5% |
| Q4 2024 | $4.6B | +5.4% |
RSG's revenue has grown year over year for 23 quarters in a row: $5.2B last quarter, up 7.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +0.4 points |
| Q2 2026 | 18% | +0.1 points |
| Q1 2026 | 18% | +0.2 points |
| Q4 2025 | 17% | -0.4 points |
| Q3 2025 | 17% | -0.8 points |
| Q2 2025 | 18% | +0.2 points |
| Q1 2025 | 18% | +1 points |
| Q4 2024 | 17% | +1.4 points |
RSG's operating margin was 18% last quarter, about level with the same quarter a year ago.
RSG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $644M | -13% |
| Q2 2026 | $761M | +8.4% |
| Q1 2026 | $751M | +33% |
| Q4 2025 | $404M | -23% |
| Q3 2025 | $737M | +34% |
| Q2 2025 | $702M | +0.9% |
| Q1 2025 | $566M | +91% |
| Q4 2024 | $524.4M | +50% |
RSG's free cash flow has been positive every quarter for seven years: $2.6B over the past year, up 1.2% from the year before.
RSG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -1.1M shares |
| 1 year | -1.8% | -5.5M shares |
| 3 years | -3.2% | -10.1M shares |
| 5 years | -4% | -12.9M shares |
| Available history | -4.8% | -15.5M shares |
RSG has 307M diluted shares, down 1.8% from a year ago, with $1.1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $197M |
| Q2 2026 | $367M |
| Q1 2026 | $292M |
| Q4 2025 | $271M |
| Q3 2025 | $540M |
| Q2 2025 | $4M |
| Q1 2025 | $55M |
| Q4 2024 | $161.3M |
RSG spent $1.1B buying back its own shares over the past year, up 48% from the year before.
RSG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.6x | Moderate |
RSG's net debt is about 2.6 years of its operating earnings (EBITDA), about the same as a year ago.
RSG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 71.9 | Overbought |
| Stochastic | 90.0 | Overbought |
RSG's weekly RSI is 72 (overbought) and its Stochastic is 90 (overbought).
RSG PE vs Industrials Sector
| Metric | RSG | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 24x | 46% above |
| PE % | 85 | 58 | 27 pts above |
RSG is trading at 35x earnings, a 46% premium to the Industrials sector's median of 24x.
RSG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $231.8 | 9.1% above |
| 20 week MA | $223.8 | 13% above |
| 50 week MA | $218.0 | 16% above |
| 100 week MA | $224.4 | 13% above |
| 200 week MA | $196.8 | 29% above |
RSG is in an uptrend: it's above all five of its weekly moving averages, and 29% above its 200-week average.
RSG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $90.2 | $95.6 | +6% |
| 2021 | $95.6 | $135.4 | +42% |
| 2022 | $135.4 | $130.8 | -3.4% |
| 2023 | $130.8 | $164.9 | +26% |
| 2024 | $164.9 | $202.9 | +23% |
| 2025 | $202.9 | $213.4 | +5.2% |
| 2026 YTD | $213.4 | $253.0 | +19% |
RSG has finished higher in five of the last six years. It's up 19% so far in 2026.