Feed / RSG

Republic Services, Inc.

RSG

Industrials · 212.99 +1.6% today

Participation confirmed · construction unavailableMarket checked 5 Oct, 15:55 GMT-4

Market read

Republic Services, Inc.'s move is being confirmed by its market group.

The latest filing is mixed. 6 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

What changed
  • Revenue increased 2.6% versus the comparable filing period.
Company+1.6% todayVolume comparison unavailable
Market group6 of 8 activeRegulated Water Utilities · active
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 6 of 8 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as MSEX begins moving with the group.

Invalidation: The live read weakens if participation falls to 2 of 8 members or fewer.

Watch this read

Research brief

The story so far

Industrials · Waste Management

The latest filing is mixed. 6 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 2.6% versus the comparable filing period.
  • Operating cash flow covered net income at 2.34x, improving versus the comparable period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 6 of 8 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as MSEX begins moving with the group.

Company research

Understand the business, not just the ticker

As of Oct 6, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations618
Usable filing statements171
Verified relationships2
Evidence supporting the case
  • Operating cash flow covered net income at 2.01x in the latest annual period.
  • Credit and interest rates has repeated favorable evidence across 4 filings.
  • Energy and commodity prices has repeated favorable evidence across 4 filings.
  • Input and raw-material costs has repeated favorable evidence across 4 filings.
  • Labor availability and costs has repeated favorable evidence across 4 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Oct 5, 2026

212.99
6m-3.6%12m-4.3%24m+6.1%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$11.3B+11.2%$4.04-0.1%
2022-12-31$13.5B+19.6%$4.69-0.7%
2023-12-31$15.0B+10.8%$5.47-0.1%
2024-12-31$16.0B+7.1%$6.49-0.6%
2025-12-31$16.6B+3.5%$6.85-0.8%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 4 filings
“34 Table of Contents Interest Expense The following table provides the components of interest expense, including accretion of debt discounts and accretion of discounts primarily associated with environmental and risk insurance liabilities assumed in acquisiti…”
10-Q · Aug 7, 2026 ↗
Energy and commodity pricesmixed · 4 filings
“Cost of operations increased for the three months ended June 30, 2026 primarily due to an increase in subcontract and fuel costs relative to the same period in 2025.”
10-Q · Aug 7, 2026 ↗
Input and raw-material costsmixed · 4 filings
“Cost of operations increased primarily due to an increase in fuel, subcontract and labor costs.”
10-Q · Aug 7, 2026 ↗
Labor availability and costsmixed · 4 filings
“Cost of operations increased primarily due to an increase in fuel, subcontract and labor costs.”
10-Q · Aug 7, 2026 ↗

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

212.99+1.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 5 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for RSG. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-05-08 against the comparable filing from 2025-04-25.

mixed
OperationsmixedEvidence score +1
liquidityconstructiveEvidence score +1
valuationmixed

What improved

  • Revenue increased 2.6% versus the comparable filing period.
  • Operating cash flow covered net income at 2.34x, improving versus the comparable period.

What weakened

No thresholded deterioration was identified.

Filing receipts

“Interest Expense The following table provides the components of interest expense, including accretion of debt discounts and accretion of discounts primarily associated with environmental and risk insurance liabilities assumed in acquisitions, for the three months ended March 31, 2026 and 2025 (in millions of dollars): Three Months Ended March 31, 2026 2025 Interest expense on debt $ 131 $ 124 Non-cash interest 21 18 Less: capitalized interest (1) (2) Total interest expense $ 151 $ 140 Total interest expense for the three months ended March 31, 2026 increased primarily due to a higher overall debt balance, partially offset by lower interest rates on our debt compared to the same period in 20...”

“The most significant items impacting Adjusted EBITDA in Group 3 during the three months ended March 31, 2026 compared to the three months ended March 31, 2025 include: • Net revenue for the three months ended March 31, 2026 decreased 9.8% primarily due to a decline in emergency response activity, partially offset by acquisition related growth and price increases relative to the same period in 2025.”

“Cost of operations increased primarily due to an increase in labor costs and fuel costs.”

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind RSG

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

CWSTCasella Waste Systems, Inc.competitorFeb 20, 2026 ▾

“However, in the larger, more densely populated markets where we operate, we typically compete against one or more of the large national solid waste companies, including Waste Management, Inc., Republic Services, Inc.”

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

RSG is currently a Participant in the organic co-movement group Regulated Water Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.