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Republic Services' Q4 Earnings Surpass Estimates, Revenues Fall Short
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Key Takeaways
RSG beat Q4 EPS estimates with 11.4% growth, but revenues missed consensus projections.
RSG posted 3.4% EBITDA growth, with margin up 30 basis points year over year.
RSG's 2026 revenues and EPS guidance came in below consensus forecasts.
Republic Services, Inc. (RSG - Free Report) reported mixed fourth-quarter 2025 results. Earnings surpassed the Zacks Consensus Estimate, while revenues missed the same.
RSG’s earnings per share (EPS) of $1.76 beat the Zacks Consensus Estimate by 8.7% and grew 11.4% from the year-ago quarter. Revenues of $4.1 billion missed the consensus mark by 1.8% but increased 2.2% year over year.
RSG stock has declined 6.1% in the past year compared with 4.5% decline of the industry. In contrast, the Zacks S&P 500 composite has risen 14% in the said time frame.
Republic Services, Inc. Price, Consensus and EPS Surprise
Revenues from Collection totaled $2.8 billion, rising 3.8% from the year-ago quarter but missing the consensus estimate of $2.9 billion. Environmental Solutions' revenues (net) of $422 million declined 12.4% year over year, missing the consensus projection of $438.2 million.
Revenues (net) in the Transfer and Landfill segments were $214 million and $467 million, respectively, both increasing 5.4% on a year-over-year basis. Revenues of the Transfer segment surpassed the consensus estimate of $213.5 million, while the Landfill segment fell short of the consensus projection of $484 million.
The Other segment’s revenues of $200 million rose 5.3% from the year-ago quarter but missed the consensus estimate of $208.6 million.
Operating Results of RSG
Adjusted EBITDA for the quarter was $1.3 billion, up 3.4% from the year-ago quarter. The adjusted EBITDA margin was 31.3%, up 30 basis points from the year-ago quarter.
Key Balance Sheet and Cash Flow Figures
Republic Services exited the fourth quarter of 2025 with cash and cash equivalents of $76 million compared with $84 million at the end of the third quarter of 2025. The long-term debt (net of current maturities) was $13 billion compared with $12.4 billion at the end of the preceding quarter.
RSG generated $981 million in cash from operating activities in the fourth quarter of 2025. The adjusted free cash flow was $242 million. Capital expenditure was $577 million.
RSG’s 2026 Guidance
For 2026, RSG expects its revenues to be between $17.05 billion and $17.15 billion. The guided range is lower than the consensus mark of $17.33 billion.
The company anticipates adjusted EPS in the range of $7.20-$7.28. The mid-point ($7.24) of the guided range is below the Zacks Consensus Estimate of $7.26. Adjusted EBITDA is estimated to be $5.475-$5.525 billion, while adjusted free cash flow is expected to be $2.52-$2.56 billion.
Aptiv Plc (APTV - Free Report) reported better-than-expected fourth-quarter 2025 results. APTV’s adjusted earnings per share of $1.86 beat the Zacks Consensus Estimate by 2.2% and increased 6.3% from the year-ago quarter. Aptiv’s revenues of $5.2 billion surpassed the consensus estimate by 1.5% and improved 5% year over year.
Broadridge Financial Solutions, Inc. (BR - Free Report) posted impressive second-quarter fiscal 2026 results. BR’s adjusted earnings of $1.59 per share outpaced the consensus mark by 18.7% and rose 1.9% from the year-ago quarter. Broadridge’s total revenues of $1.7 billion surpassed the consensus mark by 7.6% and increased 7.9% year over year.
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Republic Services' Q4 Earnings Surpass Estimates, Revenues Fall Short
Key Takeaways
Republic Services, Inc. (RSG - Free Report) reported mixed fourth-quarter 2025 results. Earnings surpassed the Zacks Consensus Estimate, while revenues missed the same.
RSG’s earnings per share (EPS) of $1.76 beat the Zacks Consensus Estimate by 8.7% and grew 11.4% from the year-ago quarter. Revenues of $4.1 billion missed the consensus mark by 1.8% but increased 2.2% year over year.
RSG stock has declined 6.1% in the past year compared with 4.5% decline of the industry. In contrast, the Zacks S&P 500 composite has risen 14% in the said time frame.
Republic Services, Inc. Price, Consensus and EPS Surprise
Republic Services, Inc. price-consensus-eps-surprise-chart | Republic Services, Inc. Quote
Q4 Segmental Revenues of Republic Services
Revenues from Collection totaled $2.8 billion, rising 3.8% from the year-ago quarter but missing the consensus estimate of $2.9 billion. Environmental Solutions' revenues (net) of $422 million declined 12.4% year over year, missing the consensus projection of $438.2 million.
Revenues (net) in the Transfer and Landfill segments were $214 million and $467 million, respectively, both increasing 5.4% on a year-over-year basis. Revenues of the Transfer segment surpassed the consensus estimate of $213.5 million, while the Landfill segment fell short of the consensus projection of $484 million.
The Other segment’s revenues of $200 million rose 5.3% from the year-ago quarter but missed the consensus estimate of $208.6 million.
Operating Results of RSG
Adjusted EBITDA for the quarter was $1.3 billion, up 3.4% from the year-ago quarter. The adjusted EBITDA margin was 31.3%, up 30 basis points from the year-ago quarter.
Key Balance Sheet and Cash Flow Figures
Republic Services exited the fourth quarter of 2025 with cash and cash equivalents of $76 million compared with $84 million at the end of the third quarter of 2025. The long-term debt (net of current maturities) was $13 billion compared with $12.4 billion at the end of the preceding quarter.
RSG generated $981 million in cash from operating activities in the fourth quarter of 2025. The adjusted free cash flow was $242 million. Capital expenditure was $577 million.
RSG’s 2026 Guidance
For 2026, RSG expects its revenues to be between $17.05 billion and $17.15 billion. The guided range is lower than the consensus mark of $17.33 billion.
The company anticipates adjusted EPS in the range of $7.20-$7.28. The mid-point ($7.24) of the guided range is below the Zacks Consensus Estimate of $7.26. Adjusted EBITDA is estimated to be $5.475-$5.525 billion, while adjusted free cash flow is expected to be $2.52-$2.56 billion.
Republic Services currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings Snapshots
Aptiv Plc (APTV - Free Report) reported better-than-expected fourth-quarter 2025 results. APTV’s adjusted earnings per share of $1.86 beat the Zacks Consensus Estimate by 2.2% and increased 6.3% from the year-ago quarter. Aptiv’s revenues of $5.2 billion surpassed the consensus estimate by 1.5% and improved 5% year over year.
Broadridge Financial Solutions, Inc. (BR - Free Report) posted impressive second-quarter fiscal 2026 results. BR’s adjusted earnings of $1.59 per share outpaced the consensus mark by 18.7% and rose 1.9% from the year-ago quarter. Broadridge’s total revenues of $1.7 billion surpassed the consensus mark by 7.6% and increased 7.9% year over year.