RSGREPUBLIC SERVICES, INC.
Refuse Systems
- Revenue
- $16.6B
- 3.5% YoY
- Operating margin
- 19.9%
- 0.2% YoY
- EBITDA
- $5.1B
- 5.0% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.6×
- $8.2B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear201% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear37% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired49% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $11.3B | $13.5B | $15.0B | $16.0B | $16.6B | 3.5% |
| Operating income | $2.1B | $2.4B | $2.8B | $3.2B | $3.3B | 3.3% |
| Net income | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B | 4.7% |
| Operating cash flow | $2.8B | $3.2B | $3.6B | $3.9B | $4.3B | 9.1% |
| Capex | $1.3B | $1.5B | $1.6B | $1.9B | $1.9B | 1.7% |
| Stock-based comp | $57M | $39M | $41M | $42M | — | |
| Buybacks | $252M | $203M | $262M | $482M | $870M | 80% |
| Dividends | $553M | $593M | $638M | $687M | $738M | 7.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $454M · 21
- Open-market sells, 12 mo
- $0 · 0
- Net
- $454M
Pay vs performance
No pay-versus-performance disclosure yet.