REPUBLIC SERVICES, INC.

RSG · Refuse Systems · 307.7M shares · -0%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: $223M (gross $262M, SBC $39M)

Reference price $211.28 · est. market cap ~$65.0B — last insider sale, 2026-06-11 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B83

Wide-moat, vertically integrated waste franchise with top-decile margins, FCF and returns and durable pricing power.

Strengths

Top-decile gross (100th), operating (87.5th), EBITDA (84.3rd) and FCF margins (87.5th), with sector-leading FCF (100th) and strong ROA (6.2%, 90.9th) and ROIC (10.2%, 72nd)
Durable landfill/density moat, recurring contracted revenue, consistent above-inflation pricing (~4% yield)

Risks

Slow organic growth (revenue ~flat, volume −1%) and mid-pack ROE (60th); negative tangible book from goodwill/leverage (D/E 1.15)
Regulatory/environmental, fuel and labor-cost exposure

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Weak liquidityCurrent ratio 0.64 (<1)
Insider buyingInsider buying — 21 open-market buy(s) by 1 insider(s) (~$202M, last 6mo) Form 4 ↗
Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$458,181, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $4.9B2025-09-30 · $4.8B2025-12-31 · $4.7B2026-03-31 · $4.7B

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

49.4%

Operating margin

17.4%

Net margin

11.2%

Return on equity

17.9%

Return on assets

6.2%

ROIC

10.2%

Revenue growth (QoQ)

-0.6%

Net-income growth

4.7%

Debt / equity

1.1×

Net debt / EBITDA

2.7×

Current ratio

0.6×

Free cash flow

$2.4B

EBITDA

$5.1B

Tangible book value

-$5.4B

Cash & investments

$76M

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-11	Volpe Sandra M	Sell	1.8K	$211.28
2026-05-19	Carlsen Elyse	Sell	139	$216.30
2026-05-19	Carlsen Elyse	Sell	221	$216.34
2026-05-18	CASCADE INVESTMENT, L.L.C.	Buy	8.9K	$213.18
2026-05-18	CASCADE INVESTMENT, L.L.C.	Buy	23K	$214.52
2026-05-18	CASCADE INVESTMENT, L.L.C.	Buy	7.1K	$215.11
2026-05-18	CASCADE INVESTMENT, L.L.C.	Buy	380	$208.28
2026-05-18	CASCADE INVESTMENT, L.L.C.	Buy	4.2K	$210.38
2026-05-18	CASCADE INVESTMENT, L.L.C.	Buy	9.2K	$211.48
2026-05-18	CASCADE INVESTMENT, L.L.C.	Buy	8.1K	$212.28
2026-05-15	CASCADE INVESTMENT, L.L.C.	Buy	51K	$208.55
2026-05-15	CASCADE INVESTMENT, L.L.C.	Buy	23K	$209.65
2026-05-15	CASCADE INVESTMENT, L.L.C.	Buy	18K	$210.58
2026-05-15	CASCADE INVESTMENT, L.L.C.	Buy	28K	$208.00
2026-05-14	CASCADE INVESTMENT, L.L.C.	Buy	59K	$206.71
2026-05-14	CASCADE INVESTMENT, L.L.C.	Buy	152K	$207.51
2026-05-14	CASCADE INVESTMENT, L.L.C.	Buy	97K	$208.52
2026-05-13	CASCADE INVESTMENT, L.L.C.	Buy	76K	$201.24
2026-05-13	CASCADE INVESTMENT, L.L.C.	Buy	174K	$202.04
2026-05-13	CASCADE INVESTMENT, L.L.C.	Buy	88K	$203.06
2026-05-13	CASCADE INVESTMENT, L.L.C.	Buy	28K	$203.67
2026-05-12	CASCADE INVESTMENT, L.L.C.	Buy	50K	$201.70
2026-05-12	CASCADE INVESTMENT, L.L.C.	Buy	4.8K	$202.61
2026-05-11	CASCADE INVESTMENT, L.L.C.	Buy	78K	$197.18
2026-05-01	Bell Jennifer Lynn	Tax withheld	98	$206.56
2026-05-01	Bell Jennifer Lynn	Option exercise	202	—
2026-05-01	Bell Jennifer Lynn	Tax withheld	98	$206.56
2026-05-01	Bell Jennifer Lynn	Option exercise	202	—
2026-04-28	Rodriguez Courtney	Option exercise	534	—
2026-04-28	Rodriguez Courtney	Tax withheld	221	$208.15
2026-04-28	Rodriguez Courtney	Option exercise	534	—
2026-04-28	Rodriguez Courtney	Tax withheld	221	$208.15
2026-03-01	Carlsen Elyse	Option exercise	82	—
2026-03-01	Carlsen Elyse	Tax withheld	22	$229.00
2026-03-01	Carlsen Elyse	Option exercise	137	—
2026-03-01	Carlsen Elyse	Tax withheld	37	$229.00
2026-03-01	Richardson Larson	Option exercise	295	—
2026-03-01	Richardson Larson	Tax withheld	127	$229.00
2026-03-01	Arambula Julia	Option exercise	12	—
2026-03-01	Arambula Julia	Tax withheld	12	$229.00
2026-03-01	Rodriguez Courtney	Option exercise	485	—
2026-03-01	Rodriguez Courtney	Tax withheld	201	$229.00
2026-03-01	Hodges Amanda	Option exercise	478	—
2026-03-01	Hodges Amanda	Tax withheld	201	$229.00
2026-03-01	Ellingsen Catharine D	Option exercise	878	—
2026-03-01	Ellingsen Catharine D	Tax withheld	372	$229.00
2026-03-01	Bales Brian A	Option exercise	24	—
2026-03-01	Bales Brian A	Tax withheld	24	$229.00
2026-03-01	Brummer Gregg	Option exercise	945	—
2026-03-01	Brummer Gregg	Tax withheld	391	$229.00
2026-03-01	DelGhiaccio Brian M	Option exercise	904	—
2026-03-01	DelGhiaccio Brian M	Tax withheld	496	$229.00
2026-03-01	Vander Ark Jon	Option exercise	3.5K	—
2026-03-01	Vander Ark Jon	Tax withheld	1.5K	$229.00
2026-02-19	Brummer Gregg	Grant	3.0K	—
2026-02-19	Carlsen Elyse	Grant	27	—
2026-02-19	Carlsen Elyse	Tax withheld	27	$221.63
2026-02-19	Richardson Larson	Grant	2.4K	—
2026-02-19	Richardson Larson	Tax withheld	1.0K	$221.63
2026-02-19	Arambula Julia	Grant	3.0K	—
2026-02-19	Arambula Julia	Tax withheld	1.3K	$221.63
2026-02-19	Bell Jennifer Lynn	Grant	647	—
2026-02-19	Bell Jennifer Lynn	Tax withheld	197	$221.63
2026-02-19	Rodriguez Courtney	Grant	2.0K	—
2026-02-19	Rodriguez Courtney	Tax withheld	822	$221.63
2026-02-19	Hodges Amanda	Grant	2.6K	—
2026-02-19	Hodges Amanda	Tax withheld	1.1K	$221.63
2026-02-19	Brummer Gregg	Tax withheld	1.3K	$221.63
2026-02-19	Bales Brian A	Grant	99	—
2026-02-19	Bales Brian A	Tax withheld	99	$221.63
2026-02-19	Ellingsen Catharine D	Grant	4.5K	—
2026-02-19	Ellingsen Catharine D	Tax withheld	1.9K	$221.63
2026-02-19	DelGhiaccio Brian M	Grant	6.8K	—
2026-02-19	DelGhiaccio Brian M	Tax withheld	3.7K	$221.63
2026-02-19	Vander Ark Jon	Grant	23K	—
2026-02-19	Vander Ark Jon	Tax withheld	9.8K	$221.63
2026-02-18	Carlsen Elyse	Option exercise	9	—
2026-02-18	Carlsen Elyse	Tax withheld	9	$216.84
2026-02-18	Richardson Larson	Option exercise	231	—
2026-02-18	Richardson Larson	Tax withheld	99	$216.84
2026-02-18	Arambula Julia	Option exercise	243	—
2026-02-18	Arambula Julia	Tax withheld	100	$216.84
2026-02-18	Rodriguez Courtney	Option exercise	265	—
2026-02-18	Rodriguez Courtney	Tax withheld	124	$216.84
2026-02-18	Hodges Amanda	Option exercise	309	—
2026-02-18	Hodges Amanda	Tax withheld	129	$216.84
2026-02-18	Ellingsen Catharine D	Option exercise	419	—
2026-02-18	Ellingsen Catharine D	Tax withheld	178	$216.84
2026-02-18	Brummer Gregg	Option exercise	464	—
2026-02-18	Brummer Gregg	Tax withheld	192	$216.84
2026-02-18	Bales Brian A	Option exercise	10	—
2026-02-18	Bales Brian A	Tax withheld	10	$216.84
2026-02-18	DelGhiaccio Brian M	Option exercise	564	—
2026-02-18	DelGhiaccio Brian M	Tax withheld	309	$216.84
2026-02-18	Vander Ark Jon	Option exercise	2.4K	—
2026-02-18	Vander Ark Jon	Tax withheld	999	$216.84
2026-02-17	Carlsen Elyse	Option exercise	145	—
2026-02-17	Carlsen Elyse	Tax withheld	46	$221.19
2026-02-17	Richardson Larson	Option exercise	68	—
2026-02-17	Richardson Larson	Tax withheld	35	$221.19
2026-02-17	Arambula Julia	Option exercise	20	—
2026-02-17	Arambula Julia	Tax withheld	20	$221.19
2026-02-17	Hodges Amanda	Option exercise	649	—
2026-02-17	Hodges Amanda	Tax withheld	272	$221.19
2026-02-17	Ellingsen Catharine D	Option exercise	1.6K	—
2026-02-17	Ellingsen Catharine D	Tax withheld	664	$221.19
2026-02-17	Bales Brian A	Option exercise	26	—
2026-02-17	Bales Brian A	Tax withheld	26	$221.19
2026-02-17	Brummer Gregg	Option exercise	392	—
2026-02-17	Brummer Gregg	Tax withheld	163	$221.19
2026-02-17	DelGhiaccio Brian M	Option exercise	1.3K	—
2026-02-17	DelGhiaccio Brian M	Tax withheld	688	$221.19
2026-02-17	Vander Ark Jon	Option exercise	4.5K	—
2026-02-17	Vander Ark Jon	Tax withheld	1.8K	$221.19
2026-02-11	Carlsen Elyse	Option exercise	100	—
2026-02-11	Carlsen Elyse	Tax withheld	32	$225.97
2026-02-11	Richardson Larson	Option exercise	165	—
2026-02-11	Richardson Larson	Tax withheld	110	$225.97
2026-02-11	Arambula Julia	Option exercise	55	—
2026-02-11	Arambula Julia	Tax withheld	55	$225.97
2026-02-11	Hodges Amanda	Option exercise	713	—
2026-02-11	Hodges Amanda	Tax withheld	322	$225.97
2026-02-11	Ellingsen Catharine D	Option exercise	1.3K	—
2026-02-11	Ellingsen Catharine D	Tax withheld	564	$225.97
2026-02-11	Bales Brian A	Option exercise	57	—
2026-02-11	Bales Brian A	Tax withheld	57	$225.97
2026-02-11	Brummer Gregg	Option exercise	437	—
2026-02-11	Brummer Gregg	Tax withheld	199	$225.97
2026-02-11	DelGhiaccio Brian M	Option exercise	659	—
2026-02-11	DelGhiaccio Brian M	Tax withheld	395	$225.97
2026-02-11	Vander Ark Jon	Option exercise	3.7K	—
2026-02-11	Vander Ark Jon	Tax withheld	999	$225.97
2026-01-31	Volpe Sandra M	Gift	1.9K	—
2026-01-31	Weymouth Katharine	Option exercise	1.9K	—
2026-01-31	Volpe Sandra M	Option exercise	1.9K	—
2026-01-31	Volpe Sandra M	Gift	1.9K	—
2026-01-31	TYLER BRIAN S.	Option exercise	1.9K	—
2026-01-31	TYLER BRIAN S.	Gift	1.9K	—
2026-01-31	TYLER BRIAN S.	Gift	1.9K	—
2026-01-31	Snee James P	Option exercise	1.9K	—
2026-01-31	LARSON MICHAEL	Option exercise	1.9K	—
2026-01-01	Arambula Julia	Option exercise	1.0K	—
2025-12-22	Arambula Julia	Option exercise	390	—
2025-12-22	Arambula Julia	Tax withheld	94	$212.92
2025-12-09	Weymouth Katharine	Buy	478	$209.46
2025-08-25	Brummer Gregg	Option exercise	524	—
2025-08-25	Brummer Gregg	Tax withheld	217	$232.22
2025-08-22	Brummer Gregg	Sell	7.3K	$233.94
2025-08-19	CASCADE INVESTMENT, L.L.C.	Buy	4.3K	$234.91
2025-08-09	Hodges Amanda	Tax withheld	52	$235.21
2025-08-09	Hodges Amanda	Option exercise	124	—
2025-06-25	Vander Ark Jon	Tax withheld	406	$243.88
2025-06-25	Vander Ark Jon	Option exercise	970	—
2025-06-05	Carlsen Elyse	Sell	235	$253.17
2025-04-28	Rodriguez Courtney	Tax withheld	220	$246.11
2025-04-28	Rodriguez Courtney	Option exercise	530	—
2025-04-28	Rodriguez Courtney	Tax withheld	220	$246.11
2025-04-28	Rodriguez Courtney	Option exercise	530	—
2025-03-03	Richardson Larson	Sell	2.2K	$239.07
2025-03-01	Brummer Gregg	Tax withheld	387	$237.02
2025-03-01	Bales Brian A	Option exercise	24	—
2025-03-01	Bales Brian A	Tax withheld	24	$237.02
2025-03-01	Vander Ark Jon	Tax withheld	1.4K	$237.02
2025-03-01	Vander Ark Jon	Option exercise	3.4K	—
2025-03-01	Carlsen Elyse	Option exercise	82	—
2025-03-01	Carlsen Elyse	Tax withheld	22	$237.02
2025-03-01	Carlsen Elyse	Option exercise	137	—
2025-03-01	Carlsen Elyse	Tax withheld	37	$237.02
2025-03-01	Richardson Larson	Option exercise	291	—
2025-03-01	Richardson Larson	Tax withheld	125	$237.02
2025-03-01	Arambula Julia	Option exercise	12	—
2025-03-01	Arambula Julia	Tax withheld	12	$237.02
2025-03-01	Rodriguez Courtney	Option exercise	481	—
2025-03-01	Rodriguez Courtney	Tax withheld	199	$237.02
2025-03-01	Hodges Amanda	Option exercise	474	—
2025-03-01	Hodges Amanda	Tax withheld	199	$237.02
2025-03-01	Ellingsen Catharine D	Option exercise	866	—
2025-03-01	Ellingsen Catharine D	Tax withheld	367	$237.02
2025-03-01	DelGhiaccio Brian M	Option exercise	892	—
2025-03-01	DelGhiaccio Brian M	Tax withheld	374	$237.02
2025-03-01	Brummer Gregg	Option exercise	934	—
2025-02-23	Carlsen Elyse	Option exercise	195	—
2025-02-23	Carlsen Elyse	Tax withheld	52	$230.87
2025-02-23	Richardson Larson	Option exercise	187	—
2025-02-23	Richardson Larson	Tax withheld	88	$230.87
2025-02-23	Arambula Julia	Option exercise	11	—
2025-02-23	Arambula Julia	Tax withheld	11	$230.87
2025-02-23	Brummer Gregg	Option exercise	742	—
2025-02-23	Brummer Gregg	Tax withheld	307	$230.87
2025-02-23	Bales Brian A	Option exercise	46	—
2025-02-23	Bales Brian A	Tax withheld	46	$230.87
2025-02-23	DelGhiaccio Brian M	Option exercise	853	—
2025-02-23	DelGhiaccio Brian M	Tax withheld	378	$230.87
2025-02-23	Hodges Amanda	Option exercise	1.5K	—
2025-02-23	Hodges Amanda	Tax withheld	622	$230.87
2025-02-23	Hodges Amanda	Option exercise	967	—
2025-02-23	Hodges Amanda	Tax withheld	405	$230.87
2025-02-23	Ellingsen Catharine D	Option exercise	1.7K	—
2025-02-23	Ellingsen Catharine D	Tax withheld	724	$230.87
2025-02-23	Vander Ark Jon	Option exercise	3.0K	—
2025-02-23	Vander Ark Jon	Tax withheld	1.2K	$230.87
2025-02-19	Brummer Gregg	Sell	5.3K	$228.17
2025-02-19	Brummer Gregg	Sell	979	$228.36
2025-02-18	Vander Ark Jon	Tax withheld	9.9K	$228.55
2025-02-18	Brummer Gregg	Grant	3.8K	—
2025-02-18	Brummer Gregg	Tax withheld	1.6K	$228.55
2025-02-18	DelGhiaccio Brian M	Grant	7.4K	—
2025-02-18	DelGhiaccio Brian M	Tax withheld	3.1K	$228.55
2025-02-18	Richardson Larson	Grant	2.0K	—
2025-02-18	Richardson Larson	Tax withheld	887	$228.55
2025-02-18	Arambula Julia	Grant	2.9K	—
2025-02-18	Arambula Julia	Tax withheld	1.2K	$228.55
2025-02-18	Carlsen Elyse	Grant	147	—
2025-02-18	Carlsen Elyse	Tax withheld	39	$228.55
2025-02-18	Hodges Amanda	Grant	3.0K	—
2025-02-18	Hodges Amanda	Tax withheld	1.3K	$228.55
2025-02-18	Rodriguez Courtney	Grant	1.4K	—
2025-02-18	Rodriguez Courtney	Tax withheld	582	$228.55
2025-02-18	Bales Brian A	Grant	147	—
2025-02-18	Bales Brian A	Tax withheld	147	$228.55
2025-02-18	Ellingsen Catharine D	Grant	5.3K	—
2025-02-18	Ellingsen Catharine D	Tax withheld	2.2K	$228.55
2025-02-18	Vander Ark Jon	Grant	24K	—
2025-02-17	Richardson Larson	Option exercise	68	—
2025-02-17	Richardson Larson	Tax withheld	35	$231.37
2025-02-17	Arambula Julia	Option exercise	15	—
2025-02-17	Arambula Julia	Tax withheld	15	$231.37
2025-02-17	Bales Brian A	Option exercise	26	—
2025-02-17	Bales Brian A	Tax withheld	26	$231.37
2025-02-17	Carlsen Elyse	Option exercise	145	—
2025-02-17	Carlsen Elyse	Tax withheld	46	$231.37
2025-02-17	Hodges Amanda	Option exercise	640	—
2025-02-17	Hodges Amanda	Tax withheld	268	$231.37
2025-02-17	Brummer Gregg	Option exercise	388	—
2025-02-17	Brummer Gregg	Tax withheld	161	$231.37
2025-02-17	Ellingsen Catharine D	Option exercise	1.6K	—
2025-02-17	Ellingsen Catharine D	Tax withheld	658	$231.37
2025-02-17	DelGhiaccio Brian M	Option exercise	1.2K	—
2025-02-17	DelGhiaccio Brian M	Tax withheld	520	$231.37
2025-02-17	Vander Ark Jon	Option exercise	4.5K	—
2025-02-17	Vander Ark Jon	Tax withheld	1.8K	$231.37
2025-02-11	Carlsen Elyse	Option exercise	97	—
2025-02-11	Carlsen Elyse	Tax withheld	31	$223.25
2025-02-11	Richardson Larson	Option exercise	162	—
2025-02-11	Richardson Larson	Tax withheld	109	$223.25
2025-02-11	Arambula Julia	Option exercise	44	—
2025-02-11	Arambula Julia	Tax withheld	44	$223.25
2025-02-11	Hodges Amanda	Option exercise	704	—
2025-02-11	Hodges Amanda	Tax withheld	318	$223.25
2025-02-11	Brummer Gregg	Option exercise	433	—
2025-02-11	Brummer Gregg	Tax withheld	180	$223.25
2025-02-11	Brummer Gregg	Option exercise	8.7K	—
2025-02-11	Brummer Gregg	Tax withheld	3.6K	$223.25
2025-02-11	Bales Brian A	Option exercise	55	—
2025-02-11	Bales Brian A	Tax withheld	55	$223.25
2025-02-11	DelGhiaccio Brian M	Option exercise	650	—
2025-02-11	DelGhiaccio Brian M	Tax withheld	304	$223.25
2025-02-11	Ellingsen Catharine D	Option exercise	1.3K	—
2025-02-11	Ellingsen Catharine D	Tax withheld	555	$223.25
2025-02-11	Vander Ark Jon	Option exercise	3.7K	—
2025-02-11	Vander Ark Jon	Tax withheld	988	$223.25
2025-01-31	Arambula Julia	Option exercise	493	—
2025-01-31	Collins Tomago	Option exercise	2.6K	—
2025-01-31	Weymouth Katharine	Option exercise	1.8K	—
2025-01-31	Weymouth Katharine	Option exercise	2.6K	—
2025-01-31	TYLER BRIAN S.	Option exercise	1.8K	—
2025-01-31	TYLER BRIAN S.	Gift	1.8K	—
2025-01-31	TYLER BRIAN S.	Gift	1.8K	—
2025-01-31	Snee James P	Option exercise	1.8K	—
2025-01-31	LARSON MICHAEL	Option exercise	1.8K	—
2025-01-15	DelGhiaccio Brian M	Grant	11	$209.76

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-24	OtherExhibits	filing ↗
2026-05-11	Shareholder vote	filing ↗
2026-05-07	ResultsOtherExhibits	filing ↗
2026-02-17	ResultsReg FDExhibits	filing ↗
2026-02-17	5.03	filing ↗
2026-02-12	Exec/director changeOtherExhibits	filing ↗
2025-10-30	ResultsOtherExhibits	filing ↗
2025-10-23	Other	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-24	2026-06-22	0001193125-26-279862 ↗
8-K	2026-05-11	2026-05-07	0001060391-26-000215 ↗
10-Q	2026-05-08	2026-03-31	0001060391-26-000212 ↗
8-K	2026-05-07	2026-05-05	0001060391-26-000210 ↗
10-K	2026-02-18	2025-12-31	0001060391-26-000094 ↗
8-K	2026-02-17	2026-02-10	0001060391-26-000072 ↗
8-K	2026-02-17	2026-02-17	0001060391-26-000093 ↗
8-K	2026-02-12	2026-02-10	0001060391-26-000066 ↗
10-Q	2025-10-31	2025-09-30	0001628280-25-047655 ↗
8-K	2025-10-30	2025-10-30	0001628280-25-047534 ↗
8-K	2025-10-23	2025-10-22	0001628280-25-046086 ↗
10-Q	2025-07-30	2025-06-30	0001060391-25-000216 ↗