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Screener / SEC EDGAR /CIK 0001060391 /10-K filed Feb 18, 2026, compared with Feb 14, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
LDOSCHRWEMEEMRRSGGWW
NYSE Industrials · Waste Management

Republic Services RSG

RSG quote by TradingView

Republic Services is one of the largest providers of environmental services in North America, as measured by revenue. 10-K, Item 1

Headquarters
Phoenix, AZ
CEO
Mr. Vander Ark
Next results
around Feb 16, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $19.0B through the costs to a net profit of $2.1B · income statement of the 10-K

17% operating margin
Revenue to Gross profit: $9.4BRevenue to Cost of revenue: $9.6BGross profit to Operating profit: $3.3BGross profit to Operating expenses: $6.1BOperating profit to Net profit: $2.1BOperating profit to Tax & other: $1.2B Revenue: $19.0B REVENUE $19.0B +3% Y/Y Gross profit: $9.4B · 49% margin GROSS PROFIT $9.4B 49% margin Cost of revenue: $9.6B · 51% of revenue COST OF REVENUE $9.6B 51% of revenue Operating profit: $3.3B · 17% margin OPERATING PROFIT $3.3B 17% margin · +3% Y/Y Operating expenses: $6.1B · 32% of revenue OPERATING EXPENSES $6.1B 32% of revenue Net profit: $2.1B · 11% margin NET PROFIT $2.1B 11% margin · +5% Y/Y Tax & other: $1.2B · 6% of revenue TAX & OTHER $1.2B 6% of revenue
Gross profit $9.4B 49% margin
Operating profit $3.3B 17% margin · +3% Y/Y
Net profit $2.1B 11% margin · +5% Y/Y
The full income statement, year by year

RSG among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 3.3%, above 38% of 81 peers (their median 4.9%) REVENUE GROWTH 3.3% · above 38% Gross margin: 36.7%, above 41% of 51 peers (their median 38.6%) GROSS MARGIN 36.7% · above 41% Operating margin: 17.5%, above 51% of 71 peers (their median 17.5%) OPERATING MARGIN 17.5% · above 51% Net margin: 11.3%, above 43% of 81 peers (their median 13.0%) NET MARGIN 11.3% · above 43% FCF margin: 13.0%, above 50% of 78 peers (their median 13.3%) FCF MARGIN 13.0% · above 50% Return on capital: 10.4%, above 34% of 65 peers (their median 14.2%) RETURN ON CAPITAL 10.4% · above 34%
RSG Peer median Below the median

What changed

1 new risk paragraph and 1 accounting fact worth reading about. 10-K filed Feb 18, 2026 against Feb 14, 2025.

Risk factors
1 new paragraph, nothing like it in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: T a b l e o f C o n t e n t s (“How We Addressed the Matter in Our Audit We obtained an understanding of, evaluated the design, and tested the operating effectiveness of the Company’s controls over landfill development asset depletion expense. Our audit procedures included, among others, testing controls over the Company’s process”). Same as last year: Landfill Development Asset Depletion; Landfill Final Capping, Closure and Post-Closure Costs
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: T a b l e o f C o n t e n t s (“How We Addressed the Matter in Our Audit We obtained an understanding of, evaluated the design, and tested the operating effectiveness of the Company’s controls over landfill development asset depletion expense. Our audit procedures included, among others, testing controls over the Company’s process”). Same as last year: Landfill Development Asset Depletion; Landfill Final Capping, Closure and Post-Closure Costs
  • Receivables +4.2% vs revenue +3.3% (+0.9 pts)
9 more checks with nothing to note
  • Cash from operations $4.3B vs net income $2.1B (FY ending Dec 31, 2025)
  • Inventory +8.2% vs revenue +3.3% (+4.9 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Feb 14, 2025. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    At the U.S. state level, California has taken action to require greenhouse gas emission disclosure, as well as information on climate-related financial risks, some of which are subject to legal challenge. Similar bills have been introduced in other U.S. states; to-date, none have passed into law.

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$15.6B$17.3B$18.4B$19.0B
Net income$1.5B$1.7B$2.0B$2.1B
Operating cash flow$3.2B$3.6B$3.9B$4.3B
Free cash flow$1.7B$2.0B$2.1B$2.4B

Revenue, FY2015 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$19.0B ▲ 3.3% in FY2025

FY2015FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Republic Services, Phoenix, AZ · from the 10-K filed Feb 18, 2026

Republic Services is one of the largest providers of environmental services in North America, as measured by revenue. We operate across the United States and Canada through 377 collection operations, 255 transfer stations, 79 recycling centers, 207 active landfills, 2 treatment, recovery and disposal facilities, 24 treatment, storage and disposal facilities (TSDF), 5 salt water disposal wells, 15 deep injection wells, 9 industrial wastewater treatment facilities, and 2 polymer centers. We are engaged in 84 landfill gas-to-energy and other renewable energy projects and had post-closure responsibility for 124 closed landfills.

Headquarters
Phoenix, AZ
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Feb 18, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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