Republic Services, Inc. (RSG) Financial Ratios
28 years of historical data (1998–2025) · Industrials · Waste Management
EV/EBITDA
↓
11.87
↓-18% vs avg
5yr avg: 14.49
30Y Low6.7·High16.2
P/FCF
↓
25.66
-7% vs avg
5yr avg: 27.60
30Y Low11.2·High39.3
P/B Ratio
↑
5.20
+3% vs avg
5yr avg: 5.04
30Y Low0.7·High5.6
ROE
↑
18.3%
↓+8% vs avg
5yr avg: 16.9%
30Y Low2%·High21%
Debt/EBITDA
↓
0.11
↓-95% vs avg
5yr avg: 2.34
30Y Low0.1·High9.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RSG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Republic Services, Inc. trades at 29.2x earnings, 5% below its 5-year average of 30.8x, sitting at the 75th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 13%. On a free-cash-flow basis, the stock trades at 25.7x P/FCF, 7% below the 5-year average of 27.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $61.8B | $66.1B | $63.3B | $52.2B | $40.9B | $44.5B | $30.8B | $28.9B | $23.7B | $22.9B | $19.6B |
| Enterprise Value | $62.3B | $66.6B | $76.2B | $65.2B | $52.8B | $54.3B | $39.9B | $37.8B | $31.9B | $31.0B | $27.2B |
| P/E Ratio → | 29.15 | 30.94 | 31.00 | 30.15 | 27.50 | 34.52 | 31.89 | 26.92 | 22.81 | 17.93 | 32.05 |
| P/S Ratio | 3.73 | 3.98 | 3.95 | 3.49 | 3.03 | 3.94 | 3.03 | 2.80 | 2.36 | 2.28 | 2.09 |
| P/B Ratio | 5.20 | 5.52 | 5.55 | 4.95 | 4.22 | 4.96 | 3.63 | 3.55 | 2.99 | 2.88 | 2.55 |
| P/FCF | 25.66 | 27.44 | 30.43 | 26.29 | 23.56 | 30.29 | 24.12 | 25.21 | 20.22 | 24.89 | 21.36 |
| P/OCF | 14.39 | 15.39 | 16.09 | 14.43 | 12.82 | 15.98 | 12.46 | 12.27 | 10.56 | 12.00 | 10.63 |
P/E links to full P/E history page with 30-year chart
RSG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Republic Services, Inc.'s enterprise value stands at 11.9x EBITDA, 18% below its 5-year average of 14.5x. The Industrials sector median is 13.9x, placing the stock at a 15% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.02 | 4.75 | 4.35 | 3.91 | 4.81 | 3.93 | 3.67 | 3.18 | 3.09 | 2.90 |
| EV / EBITDA | 11.87 | 12.69 | 15.22 | 14.66 | 13.71 | 16.17 | 13.93 | 12.77 | 11.10 | 11.18 | 10.15 |
| EV / EBIT | 18.76 | 20.05 | 25.56 | 23.94 | 23.82 | 28.93 | 26.73 | 22.39 | 18.72 | 18.85 | 20.13 |
| EV / FCF | — | 27.66 | 36.62 | 32.79 | 30.44 | 36.96 | 31.27 | 32.98 | 27.28 | 33.69 | 29.61 |
RSG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Republic Services, Inc. earns an operating margin of 20.0%, significantly above the Industrials sector average of 4.9%. Operating margins have expanded from 19.0% to 20.0% over the past 3 years, signaling improving operational efficiency. ROE of 18.3% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 13.5% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.3% | 30.3% | 30.6% | 29.6% | 28.6% | 29.1% | 39.9% | 28.3% | 28.0% | 27.0% | 27.6% |
| Operating Margin | 20.0% | 20.0% | 20.1% | 19.0% | 17.9% | 18.5% | 16.8% | 17.8% | 17.6% | 16.5% | 17.2% |
| Net Profit Margin | 12.9% | 12.9% | 12.7% | 11.6% | 11.0% | 11.4% | 9.5% | 10.4% | 10.3% | 12.7% | 6.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.3% | 18.3% | 18.6% | 17.1% | 15.9% | 14.8% | 11.6% | 13.4% | 13.1% | 16.3% | 7.9% |
| ROA | 6.4% | 6.4% | 6.4% | 5.7% | 5.5% | 5.3% | 4.2% | 4.8% | 4.8% | 6.1% | 3.0% |
| ROIC | 13.5% | 13.5% | 10.1% | 9.5% | 9.0% | 8.6% | 7.4% | 8.3% | 8.2% | 7.9% | 7.9% |
| ROCE | 11.3% | 11.3% | 11.6% | 10.8% | 10.0% | 9.6% | 8.4% | 9.5% | 9.4% | 8.9% | 8.6% |
RSG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Republic Services, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (96% below the sector average of 3.2x). Net debt stands at $520M ($596M total debt minus $76M cash). Interest coverage of 5.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 1.14 | 1.24 | 1.25 | 1.09 | 1.08 | 1.10 | 1.05 | 1.03 | 1.00 |
| Debt / EBITDA | 0.11 | 0.11 | 2.59 | 2.94 | 3.14 | 2.92 | 3.20 | 3.03 | 2.90 | 2.95 | 2.86 |
| Net Debt / Equity | — | 0.04 | 1.13 | 1.23 | 1.23 | 1.09 | 1.08 | 1.10 | 1.04 | 1.02 | 0.99 |
| Net Debt / EBITDA | 0.10 | 0.10 | 2.57 | 2.91 | 3.10 | 2.92 | 3.19 | 3.01 | 2.87 | 2.92 | 2.83 |
| Debt / FCF | — | 0.22 | 6.19 | 6.51 | 6.88 | 6.67 | 7.15 | 7.78 | 7.06 | 8.80 | 8.25 |
| Interest Coverage | 5.79 | 5.79 | 5.86 | 5.37 | 6.24 | 6.89 | 4.86 | 4.70 | 4.58 | 4.56 | 4.16 |
RSG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.64x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.56x to 0.64x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.64 | 0.64 | 0.58 | 0.56 | 0.70 | 0.71 | 0.67 | 0.53 | 0.58 | 0.55 | 0.71 |
| Quick Ratio | 0.64 | 0.64 | 0.56 | 0.54 | 0.67 | 0.68 | 0.64 | 0.51 | 0.56 | 0.53 | 0.68 |
| Cash Ratio | 0.09 | 0.09 | 0.02 | 0.03 | 0.04 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 |
| Asset Turnover | — | 0.48 | 0.49 | 0.48 | 0.47 | 0.45 | 0.43 | 0.45 | 0.46 | 0.47 | 0.46 |
| Inventory Turnover | 113.61 | — | 113.61 | 107.57 | 99.86 | 110.89 | 103.22 | 130.09 | 136.13 | 143.11 | 154.55 |
| Days Sales Outstanding | — | 41.73 | 47.15 | 48.59 | 53.57 | 48.74 | 47.75 | 49.71 | 49.10 | 44.24 | 42.48 |
RSG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Republic Services, Inc. returns 2.6% to shareholders annually — split between a 1.2% dividend yield and 1.4% buyback yield. The payout ratio of 34.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.2% | 1.1% | 1.1% | 1.2% | 1.4% | 1.2% | 1.7% | 1.7% | 2.0% | 1.9% | 2.1% |
| Payout Ratio | 34.5% | 34.5% | 33.6% | 36.9% | 39.9% | 42.8% | 54.0% | 45.8% | 44.5% | 34.5% | 68.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 3.2% | 3.2% | 3.3% | 3.6% | 2.9% | 3.1% | 3.7% | 4.4% | 5.6% | 3.1% |
| FCF Yield | 3.9% | 3.6% | 3.3% | 3.8% | 4.2% | 3.3% | 4.1% | 4.0% | 4.9% | 4.0% | 4.7% |
| Buyback Yield | 1.4% | 1.3% | 0.8% | 0.5% | 0.5% | 0.6% | 0.3% | 1.4% | 3.1% | 2.7% | 2.1% |
| Total Shareholder Yield | 2.6% | 2.4% | 1.8% | 1.7% | 1.9% | 1.8% | 2.0% | 3.1% | 5.1% | 4.6% | 4.2% |
| Shares Outstanding | — | $312M | $315M | $317M | $317M | $319M | $320M | $322M | $328M | $339M | $344M |
Peer Comparison
Compare RSG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RSGYou | $62B | 29.2 | 11.9 | 25.7 | 30.3% | 20.0% | 18.3% | 13.5% | 0.1 |
 WM | $89B | 32.9 | 14.9 | 31.6 | 29.1% | 18.3% | 29.7% | 10.7% | 3.1 |
 CWST | $5B | 704.8 | 15.6 | 62.5 | 17.1% | 4.9% | 0.5% | 2.6% | 3.0 |
 WCN | $39B | 36.7 | 16.4 | 31.5 | 39.0% | 18.1% | 13.4% | 7.7% | 3.2 |
 CLH | $15B | 39.6 | 16.0 | 34.8 | 29.5% | 11.2% | 14.7% | 9.8% | 3.1 |
 NVRI | $2B | -9.3 | 12.2 | — | 21.1% | 3.9% | -45.0% | 3.3% | 6.7 |
 CEVA | $832M | -93.7 | — | 1613.2 | 88.1% | -7.1% | -3.3% | -2.3% | — |
 CAT | $431B | 49.2 | 34.5 | 42.0 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 PCAR | $61B | 25.8 | 13.7 | 20.2 | 16.2% | 10.4% | 12.9% | 12.2% | — |
 CMI | $99B | 34.9 | 21.0 | 41.4 | 25.3% | 11.5% | 23.0% | 16.1% | 1.6 |
 DKNG | $12B | -2953.1 | 46.9 | 18.3 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full RSG Stock Analysis
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Side-by-side business, growth, and profitability comparison vs Waste Management, Inc..
Start ComparisonRSG — Frequently Asked Questions
Quick answers to the most common questions about buying RSG stock.
What is Republic Services, Inc.'s P/E ratio?
Republic Services, Inc.'s current P/E ratio is 29.2x. The historical average is 24.6x. This places it at the 75th percentile of its historical range.
What is Republic Services, Inc.'s EV/EBITDA?
Republic Services, Inc.'s current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Republic Services, Inc.'s ROE?
Republic Services, Inc.'s return on equity (ROE) is 18.3%. The historical average is 12.1%.
Is RSG stock overvalued?
Based on historical data, Republic Services, Inc. is trading at a P/E of 29.2x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Republic Services, Inc.'s dividend yield?
Republic Services, Inc.'s current dividend yield is 1.18% with a payout ratio of 34.5%.
What are Republic Services, Inc.'s profit margins?
Republic Services, Inc. has 30.3% gross margin and 20.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Republic Services, Inc. have?
Republic Services, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.