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Republic Services, Inc.. (RSG) Fundamental Analysis & AI Grade 2026

RSG NYSE Refuse Systems DE CIK: 0001060391
Update Pending • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
75% Confidence
AGREEMENT
B
72% Conf
A
78% Conf

📊 RSG Key Takeaways

Revenue: $4.7B
Net Margin: 11.2%
Free Cash Flow: $751.0M
Current Ratio: 0.67x
Debt/Equity: 1.11x
EPS: $1.70
AI Grade: B with 72% confidence
Republic Services, Inc.. (RSG) receives a A fundamental grade with 75% confidence from our AI analysis based on SEC 10-K filings. With revenue of $4.7B, net profit margin of 11.2%, and return on equity (ROE) of 4.4%, Republic Services, Inc.. demonstrates strong fundamentals in the Market sector. Below is our complete RSG stock analysis for 2026.

Is Republic Services, Inc.. (RSG) a Good Investment?

Claude

Republic Services generates strong operational cash flow and maintains solid operating margins in a stable, recurring-revenue waste management business with 14.7% YoY revenue growth. However, a critically weak balance sheet—with current ratio of 0.67x, minimal $118M cash against $13.3B debt, and an ROE of just 4.4%—presents significant financial risk and limits operational flexibility in an economic downturn.

ChatGPT

Republic Services shows strong fundamental quality, with double-digit revenue growth, solid operating and net margins, and robust free cash flow generation. Financial health is supported by strong interest coverage and healthy returns on equity and assets, though flat net income, low liquidity, and meaningful leverage keep the outlook from being stronger. Overall, the business appears fundamentally durable with good growth quality, but balance sheet flexibility should be monitored.

Republic Services, Inc.. Key Strengths (RSG)

Claude
  • + Strong revenue growth of 14.7% YoY demonstrates market demand and pricing power
  • + Solid operating margins (17.7%) and net margins (11.2%) in a capital-intensive business
  • + Robust free cash flow generation of $751M with 16% FCF margin provides debt service capability
  • + Stable, recurring-revenue business model in essential waste management services
  • + Adequate interest coverage ratio of 6.0x supports current debt obligations
ChatGPT
  • + Strong top-line growth of 14.7% with a 17.4% operating margin indicates durable pricing power and operating discipline
  • + Free cash flow of $2.41B and a 12.7% FCF margin support business reinvestment and financial resilience
  • + High interest coverage of 23.7x and solid profitability returns (17.9% ROE, 6.2% ROA) suggest strong earnings quality

RSG Stock Risks: Republic Services, Inc.. Investment Risks

Claude
  • ! Critical liquidity weakness: current ratio of 0.67x with only $118M cash vs $13.3B debt creates refinancing and operational flexibility risk
  • ! Heavy leverage with debt-to-equity of 1.11x combined with minimal cash position limits strategic options
  • ! Net income flat YoY (+0.0%) despite 14.7% revenue growth signals concerning margin compression and potential cost control issues
  • ! Severely depressed returns on capital (ROE 4.4%, ROA 1.5%) indicate overleveraged balance sheet destroying shareholder value
  • ! Vulnerable to economic downturns or operational disruptions given weak liquidity cushion
ChatGPT
  • ! Net income was flat year over year despite strong revenue growth, which may indicate margin pressure below the operating line
  • ! Low liquidity with a 0.64x current ratio and only $76M in cash reduces near-term balance sheet flexibility
  • ! Long-term debt of $13.71B and debt-to-equity of 1.15x leave the company exposed to financing and refinancing risk

Key Metrics to Watch

Claude
  • * Current ratio and absolute cash balance—must improve from 0.67x to >1.0x for financial health
  • * Net margin trend—critical to reverse flat net income growth and justify revenue expansion
  • * Debt-to-equity ratio and debt reduction pace—must deleverage to improve returns on capital
  • * Operating cash flow sustainability—foundation for debt service and equity value creation
ChatGPT
  • * Free cash flow conversion and capital expenditure intensity
  • * Net income growth relative to revenue growth and leverage trends

Republic Services, Inc.. (RSG) Financial Metrics & Key Ratios

Revenue
$4.7B
Net Income
$525.3M
EPS (Diluted)
$1.70
Free Cash Flow
$751.0M
Total Assets
$34.6B
Cash Position
$118.0M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

RSG Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 17.7%
Net Margin 11.2%
ROE 4.4%
ROA 1.5%
FCF Margin 16.0%

RSG vs Market Sector: How Republic Services, Inc.. Compares

How Republic Services, Inc.. compares to Market sector averages

Net Margin
RSG 11.2%
vs
Sector Avg 12.0%
RSG Sector
ROE
RSG 4.4%
vs
Sector Avg 15.0%
RSG Sector
Current Ratio
RSG 0.7x
vs
Sector Avg 1.8x
RSG Sector
Debt/Equity
RSG 1.1x
vs
Sector Avg 0.7x
RSG Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Republic Services, Inc.. Stock Overvalued? RSG Valuation Analysis 2026

Based on fundamental analysis, Republic Services, Inc.. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
4.4%
Sector avg: 15%
Net Profit Margin
11.2%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.11x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Republic Services, Inc.. Balance Sheet: RSG Debt, Cash & Liquidity

Current Ratio
0.67x
Quick Ratio
0.64x
Debt/Equity
1.11x
Debt/Assets
0.0%
Interest Coverage
5.96x
Long-term Debt
$13.3B

RSG Revenue & Earnings Growth: 5-Year Financial Trend

RSG 5-year financial data: Year 2021: Revenue $11.3B, Net Income $1.1B, EPS $3.33. Year 2022: Revenue $13.5B, Net Income $967.2M, EPS $3.02. Year 2023: Revenue $15.0B, Net Income $1.3B, EPS $4.04. Year 2024: Revenue $16.0B, Net Income $1.5B, EPS $4.69. Year 2025: Revenue $16.6B, Net Income $1.7B, EPS $5.47.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Republic Services, Inc..'s revenue has grown significantly by 47% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.47 reflects profitable operations.

RSG Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
16.0%
Free cash flow / Revenue

RSG Quarterly Earnings & Performance

Quarterly financial performance data for Republic Services, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $4.0B $495.0M $1.58
Q3 2025 $4.1B $549.7M $1.76
Q2 2025 $4.0B $511.5M $1.62
Q1 2025 $3.9B $453.8M $1.44
Q3 2024 $3.8B $480.2M $1.52
Q2 2024 $3.7B $427.4M $1.35
Q1 2024 $3.6B $383.9M $1.21
Q3 2023 $3.6B $416.9M $1.32

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Republic Services, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$1.2B
Cash generated from operations
Stock Buybacks
$292.0M
Shares repurchased (TTM)
Capital Expenditures
$476.0M
Investment in assets
Dividends Paid
$193.0M
Returned to shareholders

RSG SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Republic Services, Inc.. (CIK: 0001060391)

📋 Recent SEC Filings

Date Form Document Action
May 20, 2026 4 xslF345X06/wk-form4_1779325765.xml View →
May 18, 2026 4 xslF345X06/tm2614885-1_4seq1.xml View →
May 13, 2026 4 xslF345X06/tm2614470-1_4seq1.xml View →
May 11, 2026 8-K rsg-20260507.htm View →
May 8, 2026 10-Q rsg-20260331.htm View →

Frequently Asked Questions about RSG

What is the AI rating for RSG?

Republic Services, Inc.. (RSG) has a Combined AI Grade of A from Claude (B) and ChatGPT (A) with 75% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are RSG's key strengths?

Claude: Strong revenue growth of 14.7% YoY demonstrates market demand and pricing power. Solid operating margins (17.7%) and net margins (11.2%) in a capital-intensive business. ChatGPT: Strong top-line growth of 14.7% with a 17.4% operating margin indicates durable pricing power and operating discipline. Free cash flow of $2.41B and a 12.7% FCF margin support business reinvestment and financial resilience.

What are the risks of investing in RSG?

Claude: Critical liquidity weakness: current ratio of 0.67x with only $118M cash vs $13.3B debt creates refinancing and operational flexibility risk. Heavy leverage with debt-to-equity of 1.11x combined with minimal cash position limits strategic options. ChatGPT: Net income was flat year over year despite strong revenue growth, which may indicate margin pressure below the operating line. Low liquidity with a 0.64x current ratio and only $76M in cash reduces near-term balance sheet flexibility.

What is RSG's revenue and growth?

Republic Services, Inc.. reported revenue of $4.7B.

Does RSG pay dividends?

Republic Services, Inc.. pays dividends, with $193.0M distributed to shareholders in the trailing twelve months.

Where can I find RSG SEC filings?

Official SEC filings for Republic Services, Inc.. (CIK: 0001060391) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is RSG's EPS?

Republic Services, Inc.. has a diluted EPS of $1.70.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is RSG's fundamental grade?

Based on our AI fundamental analysis in June 2026, Republic Services, Inc.. has a A grade with 75% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is RSG stock overvalued or undervalued?

Valuation metrics for RSG: ROE of 4.4% (sector avg: 15%), net margin of 11.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is RSG's AI grade for 2026?

Our dual AI analysis gives Republic Services, Inc.. a combined A grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is RSG's free cash flow?

Republic Services, Inc..'s operating cash flow is $1.2B, with capital expenditures of $476.0M. FCF margin is 16.0%.

How does RSG compare to other Market stocks?

Vs Default sector averages: Net margin 11.2% (avg: 12%), ROE 4.4% (avg: 15%), current ratio 0.67 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI