# Republic Services Inc. (RSG) — Stock CV

Republic Services Inc. is a $66.4B industrial company. Revenue grew 3.2% over the last year, it keeps 13¢ of every dollar of sales as profit, and its net debt equals ~5.1 years of free cash flow. It trades at 30.4× earnings — in the cheapest third of its own history.

> Republic Services Group is the second-largest waste management company by revenue and provides integrated waste management services to residential, commercial, and industrial customers.

## Identity

- **Ticker**: RSG
- **Sector**: Industrials
- **Industry**: Refuse Systems
- **Headquarters**: PHOENIX, AZ
- **Employees**: 42 000
- **Website**: https://www.republicservices.com
- **Market cap**: $66.4B
- **Last price**: $216.88
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $16.9B
- **Net income**: $2.19B
- **Free cash flow**: $2.65B
- **Net debt**: $13.5B
- **P/E**: 30.4
- **Revenue growth (YoY)**: 3.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 64 |
| Growth | 72 |
| Profitability | 72 |
| Health | 15 |
| Quality | 100 |
| Moat | 56 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +3.2% YoY
- [x] Profitable — $2.19B TTM
- [x] Profit growing — +13.5% YoY
- [x] Generates cash — $2.65B TTM
- [ ] Debt under control — ~5.1y of cash flow to repay
- [x] Established company — $66.4B market cap
- [x] Not printing shares — -2.4% shares over ~5y
- [x] Proven track record — 9/9 profitable years
- [ ] Financially stable — health score 10/100
- [x] Pays a dividend — yield 1.15%
- [x] Valuation not extreme — P/E 30.4

## Experience (career milestones)

- **Q3 2026** — 15 open-market insider purchases: ~1.3M shares bought by insiders
- **FY2025** — Best year on record: $2.14B net income
- **FY2017** — Profitable every year on record: 9 consecutive profitable years in our data
- **FY2017** — Revenue already above $10B: $10.0B in first reported year
- **FY2017** — Positive free cash flow every year since: 9-year streak
- **2017** — In partnership with the Alabama Coastal Foundation (ACF) Republic Services launched an oyster shell…
- **2016** — Republic Services and Mas Energy launched a new renewable energy project to serve the Atlanta…
- **1998** — Republic Industries completed the corporate spin-off of Republic Services via an initial public offering
- **1995** — Wayne Huizenga, formerly chairman of Waste Management, invested $64 million of his own money and raised an…

## Strengths

- High gross margin (42.0%)
- Strong cash conversion — FCF is 15.7% of revenue
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Net debt equals ~5.1 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $11.3B | $1.29B | $1.47B |
| FY2022 | $13.5B | $1.49B | $1.74B |
| FY2023 | $15.0B | $1.73B | $1.99B |
| FY2024 | $16.0B | $2.04B | $2.08B |
| FY2025 | $16.6B | $2.14B | $2.41B |

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Source: https://stockcv.com/RSG — derived from company filings; may be delayed or incomplete. Information, not investment advice.