Republic Services, Inc. (RSG) Key Metrics
RSG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $70.90B
- Enterprise value
- $79.44B
- P/E (TTM)
- 32.8 10-yr median 30.5
- Forward P/E
- 26.3
- PEG ratio
- 2.74
- Price / sales
- 4.2 10-yr median 3.0
- Price / book
- 5.4 10-yr median 3.9
- EV / EBITDA
- 15.9 10-yr median 14.7
- Dividend yield
- 1.16% $2.68 a year
- Beta
- 0.40
RSG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRSG valuation Price multiples at each fiscal year-end price.
RSG returns How much profit the business earns on the capital it uses.
RSG per-share figures Results divided by the shares outstanding at year-end.
RSG financial health Debt, liquidity and how easily interest is covered.
RSG efficiency & capital use Working capital cycle and where the cash goes.
RSG valuation history
RSG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RSG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RSG cash returned to shareholders
RSG price vs earnings per share
RSG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $66.10B | $63.33B | $52.22B | $40.90B | $44.54B | $30.80B | $28.86B | $23.67B | $22.92B | $19.65B |
| Enterprise value | $79.83B | $76.21B | $65.15B | $52.84B | $54.35B | $39.94B | $37.77B | $31.94B | $31.02B | $27.24B |
| P/E ratio | 30.9 | 31.0 | 30.2 | 27.5 | 34.5 | 31.8 | 26.9 | 22.8 | 17.9 | 32.1 |
| Price / sales | 4.0 | 4.0 | 3.5 | 3.0 | 3.9 | 3.0 | 2.8 | 2.4 | 2.3 | 2.1 |
| Price / book | 5.5 | 5.6 | 5.0 | 4.2 | 5.0 | 3.6 | 3.6 | 3.0 | 2.9 | 2.6 |
| Price / free cash flow | 27.4 | 30.4 | 26.3 | 23.6 | 30.3 | 24.1 | 25.2 | 20.2 | 24.9 | 21.4 |
| Price / operating cash flow | 15.4 | 16.1 | 14.4 | 12.8 | 16.0 | 12.5 | 12.3 | 10.6 | 12.0 | 10.6 |
| EV / sales | 4.8 | 4.8 | 4.4 | 3.9 | 4.8 | 3.9 | 3.7 | 3.2 | 3.1 | 2.9 |
| EV / EBITDA | 15.7 | 16.0 | 15.1 | 14.4 | 17.3 | 15.1 | 13.4 | 11.3 | 11.2 | 11.2 |
| EV / free cash flow | 33.1 | 36.6 | 32.8 | 30.4 | 37.0 | 31.3 | 33.0 | 27.3 | 33.7 | 29.6 |
| Earnings yield | 3.2% | 3.2% | 3.3% | 3.6% | 2.9% | 3.1% | 3.7% | 4.4% | 5.6% | 3.1% |
| Free cash flow yield | 3.6% | 3.3% | 3.8% | 4.2% | 3.3% | 4.1% | 4.0% | 4.9% | 4.0% | 4.7% |
| Dividend yield | 1.1% | 1.1% | 1.2% | 1.4% | 1.2% | 1.7% | 1.7% | 2.0% | 1.9% | 2.1% |
| Shareholder yield (dividends + buybacks) | 2.4% | 1.8% | 1.7% | 2.0% | 1.8% | 2.0% | 3.1% | 5.1% | 4.6% | 4.2% |
| Share price at fiscal year-end | $211.93 | $201.18 | $164.91 | $128.99 | $139.45 | $96.30 | $89.63 | $72.09 | $67.61 | $57.05 |
| Per share | ||||||||||
| Revenue per share | $53.19 | $50.93 | $47.26 | $42.61 | $35.36 | $31.75 | $31.99 | $30.57 | $29.63 | $27.26 |
| Earnings per share | $6.86 | $6.49 | $5.47 | $4.69 | $4.04 | $3.02 | $3.33 | $3.16 | $3.77 | $1.78 |
| Operating cash flow per share | $13.77 | $12.50 | $11.42 | $10.06 | $8.72 | $7.73 | $7.30 | $6.83 | $5.64 | $5.37 |
| Free cash flow per share | $7.72 | $6.61 | $6.27 | $5.47 | $4.60 | $3.99 | $3.56 | $3.57 | $2.72 | $2.67 |
| Cash per share | $0.24 | $0.24 | $0.44 | $0.45 | $0.09 | $0.12 | $0.15 | $0.21 | $0.25 | $0.20 |
| Book value per share | $38.37 | $36.23 | $33.29 | $30.55 | $28.11 | $26.53 | $25.21 | $24.14 | $23.48 | $22.33 |
| Tangible book value per share | −$17.32 | −$16.27 | −$18.28 | −$16.12 | −$12.86 | −$11.68 | −$11.33 | −$10.90 | −$10.32 | −$10.61 |
| Dividends per share | $2.37 | $2.18 | $2.02 | $1.87 | $1.73 | $1.63 | $1.53 | $1.41 | $1.30 | $1.22 |
| Capex per share | $6.05 | $5.89 | $5.15 | $4.59 | $4.12 | $3.74 | $3.75 | $3.26 | $2.92 | $2.69 |
| Debt per share | $44.26 | $41.16 | $41.27 | $38.10 | $30.78 | $28.68 | $27.80 | $25.39 | $24.15 | $22.24 |
| Shares outstanding | 311.9M | 314.8M | 316.7M | 317.1M | 319.4M | 319.8M | 322.0M | 328.4M | 339.0M | 344.4M |
| Change in shares outstanding | −0.9% | −0.6% | −0.1% | −0.7% | −0.1% | −0.7% | −1.9% | −3.1% | −1.6% | −2.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.3% | 18.6% | 17.1% | 15.9% | 14.8% | 11.7% | 13.4% | 13.1% | 16.3% | 7.9% |
| Return on invested capital (ROIC) | 11.0% | 11.3% | 10.0% | 9.7% | 9.4% | 8.4% | 9.2% | 8.6% | 10.6% | 6.7% |
| Return on assets (ROA) | 6.4% | 6.4% | 5.7% | 5.5% | 5.3% | 4.2% | 4.8% | 4.8% | 6.1% | 3.0% |
| Return on tangible assets | 12.6% | 12.9% | 11.5% | 10.4% | 10.9% | 8.6% | 9.8% | 10.3% | 13.2% | 6.6% |
| Free cash flow margin | 14.5% | 13.0% | 13.3% | 12.8% | 13.0% | 12.6% | 11.1% | 11.7% | 9.2% | 9.8% |
| Income quality (OCF / net income) | 2.01 | 1.93 | 2.09 | 2.14 | 2.16 | 2.56 | 2.19 | 2.16 | 1.49 | 3.02 |
| Financial health | ||||||||||
| Total debt | $13.81B | $12.96B | $13.07B | $12.08B | $9.83B | $9.17B | $8.95B | $8.34B | $8.19B | $7.66B |
| Cash & short-term investments | $76.0M | $74.0M | $140.0M | $143.4M | $29.0M | $38.2M | $47.1M | $70.5M | $83.3M | $67.8M |
| Net debt | $13.73B | $12.88B | $12.93B | $11.94B | $9.80B | $9.14B | $8.91B | $8.27B | $8.10B | $7.59B |
| Debt / equity | 1.15 | 1.14 | 1.24 | 1.25 | 1.09 | 1.08 | 1.10 | 1.05 | 1.03 | 1.00 |
| Debt / assets | 0.40 | 0.40 | 0.42 | 0.42 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.37 |
| Net debt / EBITDA | 2.69 | 2.70 | 2.99 | 3.26 | 3.12 | 3.44 | 3.17 | 2.93 | 2.93 | 3.13 |
| Current ratio | 0.64 | 0.58 | 0.56 | 0.70 | 0.71 | 0.67 | 0.53 | 0.58 | 0.55 | 0.71 |
| Quick ratio | 0.62 | 0.56 | 0.54 | 0.67 | 0.68 | 0.64 | 0.51 | 0.56 | 0.53 | 0.68 |
| Interest coverage | 5.8 | 5.9 | 5.4 | 6.2 | 6.9 | 4.9 | 4.7 | 4.6 | 4.6 | 4.2 |
| Working capital | −$1.41B | −$1.72B | −$1.85B | −$1.03B | −$704.8M | −$760.2M | −$1.43B | −$1.15B | −$1.20B | −$527.5M |
| Invested capital | $25.70B | $24.29B | $23.47B | $21.62B | $18.78B | $17.62B | $17.02B | $16.19B | $16.06B | $15.28B |
| Tangible asset value | −$5.40B | −$5.12B | −$5.79B | −$5.11B | −$4.11B | −$3.73B | −$3.65B | −$3.58B | −$3.50B | −$3.65B |
| Net current asset value | −$19.87B | −$18.59B | −$18.49B | −$17.01B | −$14.26B | −$13.42B | −$12.96B | −$12.12B | −$11.75B | −$11.65B |
| Graham number | $76.95 | $72.73 | $63.99 | $56.79 | $50.55 | $42.48 | $43.48 | $41.41 | $44.63 | $29.90 |
| Graham net-net per share | −$66.18 | −$61.37 | −$60.58 | −$55.78 | −$46.27 | −$43.40 | −$41.73 | −$38.30 | −$35.88 | −$34.92 |
| Capital allocation | ||||||||||
| Dividends paid | $738.0M | $687.0M | $638.1M | $592.9M | $552.6M | $522.5M | $491.2M | $461.8M | $440.5M | $418.9M |
| Share buybacks (net) | $870.0M | $482.0M | $261.8M | $217.1M | $264.2M | $98.8M | $399.4M | $736.9M | $610.7M | $403.8M |
| Dividend payout ratio | 34.5% | 33.6% | 36.9% | 39.9% | 42.8% | 54.0% | 45.8% | 44.5% | 34.5% | 68.4% |
| Dividends + buybacks / free cash flow | 66.7% | 56.2% | 45.3% | 46.7% | 55.5% | 48.7% | 77.8% | 102.4% | 114.1% | 89.4% |
| Capex / revenue | 11.4% | 11.6% | 10.9% | 10.8% | 11.7% | 11.8% | 11.7% | 10.7% | 9.9% | 9.9% |
| Capex / operating cash flow | 43.9% | 47.1% | 45.1% | 45.6% | 47.2% | 48.3% | 51.3% | 47.8% | 51.8% | 50.2% |
| Capex / depreciation | 0.98 | 1.04 | 1.02 | 1.01 | 1.04 | 1.03 | 1.08 | 0.96 | 0.89 | 0.87 |
| Stock-based compensation / revenue | — | 0.3% | 0.3% | 0.3% | 0.5% | 0.4% | 0.4% | 0.4% | 0.3% | 0.2% |
| SG&A / revenue | 10.1% | 10.3% | 10.2% | 10.8% | 10.6% | 10.1% | 10.1% | 10.6% | 10.2% | 10.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 46.6 | 46.3 | 48.5 | 47.2 | 45.8 | 49.1 | 48.8 | 46.7 | 42.0 | 42.4 |
| Days of inventory on hand | 3.9 | 3.2 | 3.4 | 3.2 | 3.0 | 3.5 | 2.7 | 2.6 | 2.4 | 2.2 |
| Days payables outstanding | 51.5 | 45.2 | 45.6 | 40.3 | 38.5 | 46.6 | 38.0 | 34.3 | 28.7 | 30.4 |
| Cash conversion cycle (days) | -1.0 | 4.3 | 6.2 | 10.0 | 10.3 | 6.0 | 13.5 | 15.0 | 15.7 | 14.3 |
| Receivables turnover | 7.83 | 7.89 | 7.53 | 7.74 | 7.96 | 7.44 | 7.48 | 7.82 | 8.70 | 8.61 |
| Payables turnover | 7.08 | 8.08 | 8.00 | 9.05 | 9.48 | 7.84 | 9.60 | 10.63 | 12.72 | 12.02 |
| Inventory turnover | 94.41 | 113.61 | 108.34 | 114.29 | 121.95 | 105.27 | 134.47 | 138.61 | 153.94 | 164.25 |
| Asset turnover | 0.50 | 0.50 | 0.49 | 0.50 | 0.47 | 0.44 | 0.46 | 0.47 | 0.48 | 0.46 |
| Average receivables | $2.12B | $2.03B | $1.99B | $1.75B | $1.42B | $1.37B | $1.38B | $1.28B | $1.16B | $1.09B |
| Average payables | $1.36B | $1.38B | $1.32B | $1.07B | $844.5M | $778.5M | $769.7M | $679.8M | $576.0M | $565.6M |
| Average inventory | $102.0M | $98.0M | $97.3M | $84.4M | $65.7M | $58.0M | $55.0M | $52.1M | $47.6M | $41.4M |
| Intangibles / total assets | 50.5% | 51.0% | 52.0% | 50.9% | 52.4% | 52.1% | 51.9% | 53.2% | 54.2% | 55.0% |
Computed from RSG's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RSG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Republic Services traded at 30.9 times earnings, against a 10-year median of 30.5. Based on the latest twelve months, the trailing P/E is 32.8 and the forward P/E is 26.3. Republic Services earned a return on equity of 18.3% and a return on invested capital of 11.0% in fiscal 2025. It ended the year with $13.8 billion of debt and $76.0 million in cash and short-term investments, net debt of $13.7 billion. It returned $1.6 billion to shareholders: $738.0 million in dividends and $870.0 million in share buybacks, 67% of free cash flow. The share count fell 9.4% from 344.4M to 311.9M over 9 years.
See the RSG income statement, the RSG chart for price history, or the RSG stock overview for the latest quote and news.
RSG key metrics FAQ
What is Republic Services's P/E ratio?
Republic Services's trailing P/E ratio is 32.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 26.3. At the end of fiscal 2025 it was 30.9, compared with a 10-year median of 30.5.
What is Republic Services's EV/EBITDA?
Republic Services's enterprise value was 15.7 times EBITDA at the end of fiscal 2025 (enterprise value $79.8 billion, EBITDA $5.1 billion); the current EV/EBITDA is 15.9.
What is Republic Services's return on equity?
Republic Services's return on equity (ROE) was 18.3% in fiscal 2025: net income of $2.1 billion on average shareholders' equity of $11.7 billion.
What is Republic Services's ROIC?
Republic Services's return on invested capital was 11.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Republic Services have?
Republic Services had total debt of $13.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.15 and $13.7 billion of net debt (2.69 times EBITDA).
What is Republic Services's dividend yield?
Republic Services's forward dividend yield is 1.16%. Republic Services paid $738.0 million in dividends in fiscal 2025 ($2.37 per share), a payout ratio of 34.5%.
Does Republic Services buy back its shares?
Yes. Republic Services spent $870.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.9% over the year, to 311.9M..
What is Republic Services's free cash flow yield?
Republic Services generated $2.4 billion of free cash flow in fiscal 2025, a free cash flow yield of 3.6% on its market value at year-end ($66.1 billion).
What is Republic Services's current ratio?
Republic Services's current ratio was 0.64 at the end of fiscal 2025: current assets were 0.64 times current liabilities.