Republic Services (RSG)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $69.7B, Republic Services's free cash flow of $2.4B (fiscal 2025) would need to grow about 10% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Republic Services's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from RSG's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Republic Services's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.3B | $13.5B | $15.0B | $16.0B | $16.6B |
| Net income | $1.3B | $1.5B | $1.7B | $2.0B | $2.1B |
| Free cash flow | $1.5B | $1.7B | $2.0B | $2.1B | $2.4B |
| EPS (diluted) | $4.04 | $4.69 | $5.47 | $6.49 | $6.85 |
| Operating margin | 18.4% | 17.7% | 18.6% | 19.9% | 19.9% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own RSG
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by Republic Services's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Sep 11, 2026 | Cascade Investment, L.l.c. Major Shareholder |
135,482 | $222.59 | $30M |
| Sep 11, 2026 | Cascade Investment, L.l.c. Major Shareholder |
176,547 | $223.15 | $39M |
| Sep 11, 2026 | Cascade Investment, L.l.c. Major Shareholder |
5,185 | $223.84 | $1M |
| Sep 11, 2026 | Cascade Investment, L.l.c. Major Shareholder |
7,596 | $221.52 | $2M |
| Sep 10, 2026 | Cascade Investment, L.l.c. Major Shareholder |
47,819 | $223.44 | $11M |
| Sep 10, 2026 | Cascade Investment, L.l.c. Major Shareholder |
108,147 | $221.57 | $24M |
| Sep 10, 2026 | Cascade Investment, L.l.c. Major Shareholder |
97,992 | $222.52 | $22M |
| Sep 10, 2026 | Cascade Investment, L.l.c. Major Shareholder |
2,042 | $224.11 | $457,624 |
| Sep 9, 2026 | Cascade Investment, L.l.c. Major Shareholder |
64,965 | $222.38 | $14M |
| Sep 9, 2026 | Cascade Investment, L.l.c. Major Shareholder |
32,765 | $220.37 | $7M |
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In the full deep dive
Questions
What growth does Republic Services's stock price imply?
At a market value of $69.7B, Republic Services would need its free cash flow to grow about 10% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 11% a year.
Are Republic Services insiders buying the stock?
10 open-market insider purchases of RSG in the last 12 months, from SEC Form 4 filings.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.