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Republic Services (RSG)
NYSE:RSG
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.67Last Year’s EPS
1.58Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a solid operating and financial performance in 2025 with revenue and adjusted EBITDA growth, margin expansion, strong adjusted free cash flow and disciplined capital returns. Management highlighted meaningful progress on sustainability (polymer centers, RNG), electrification and digital/AI investments that should drive multi‑year productivity and growth. Notable near-term headwinds include organic volume declines (construction/manufacturing and residential shedding), weaker recycled commodity prices, a nonrecurring environmental-services comp in 2024, weather-driven seasonality (Q1 impact) and some margin pressure from acquisitions, fuel and commodity dynamics. Management provided constructive 2026 guidance that reflects modest growth while calling out upside if nonrecurring comps are excluded. Overall, the positives — recurring cash generation, margin discipline, sustainability projects coming online, and a committed capital allocation strategy — outweigh the headwinds, though several demand and commodity risks remain in the near term.Company Guidance
Full-Year Financial Performance
Revenue grew 3.5% in 2025; adjusted EBITDA grew nearly 7%; full-year adjusted EBITDA margin expanded 90 basis points to 32.0%; adjusted EPS of $7.02; adjusted free cash flow of $2.43 billion (up >11% year-over-year); adjusted free cash flow conversion improved 200 basis points to 45.8%.
Strong Pricing and Yield
Fourth quarter core price on total revenue was 5.8%; core price on related revenue was 7.1% (open market pricing 8.7%, restricted 4.6%); average yield on total revenue was 3.7% and average yield on related revenue was 4.5%.
Affirmative 2026 Guidance
Guidance for 2026: revenue $17.05B–$17.15B; adjusted EBITDA $5.475B–$5.525B; adjusted EPS $7.20–$7.28; adjusted free cash flow $2.52B–$2.56B. At midpoint this implies ~3.1% revenue growth, ~3.6% adjusted EBITDA growth and ~4.4% adjusted free cash flow growth; excluding 2025 nonrecurring landfill volumes the midpoint implies nearly 4% top-line and >5% adjusted EBITDA growth.
Customer Loyalty and Digital Engagement
Customer retention remained high at 94%; Net Promoter Score improved in 2025; digital tools handled and optimized ~11 million customer calls annually and the company delivered >70 million proactive service notifications in 2025 to reduce service friction and improve retention.
Sustainability & Renewable Energy Progress
Commercial production commenced at Indianapolis polymer center and co-located Blue Polymers facility; 9 renewable natural gas (RNG) projects came online in 2025 and 4 more are expected in 2026; landfill gas program targeting ~$100M revenue / ~$120M incremental EBITDA run-rate long-term with ~ $40M of that incremental EBITDA expected by end of 2026.
Polymer Centers and RNG Financial Contributions
Polymer centers added roughly $45M of revenue and ~$10M of incremental EBITDA in 2025; polymer centers expected to add ~$30M revenue and ~$10M EBITDA in 2026. RNG and related projects are expected to add incremental revenue and EBITDA (management cited ~$10M incremental revenue and ~$10M incremental EBITDA contribution next year from RNG timing).
Fleet Electrification & Operational Investments
More than 180 electric collection vehicles in operation with 32 commercial-scale EV charging facilities at year-end 2025; company expects to add ~150 EV collection trucks in 2026. Significant investments in AI and routing (RISE platform) expected to deliver multi‑million-dollar annual productivity gains and 'nine-figure' potential efficiency opportunity over time.
Capital Allocation Discipline
Invested $1.1 billion in value-creating acquisitions in 2025 and returned $1.6 billion to shareholders (including $854 million of share repurchases). Management expects to invest approximately $1 billion in acquisitions in 2026 and has already closed >$400 million year-to-date.
People & Cost Management
Employee engagement score improved to 87 (above national benchmarks) and turnover was the best on record; management reported underlying margin expansion (core business) and expects ~60–70 basis points of underlying margin improvement in 2026 before certain headwinds.
RSG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RSG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $221.19 | $216.84 | -1.97% |
Oct 30, 2025 | $209.30 | $207.63 | -0.80% |
Jul 29, 2025 | $244.61 | $230.37 | -5.82% |
Apr 24, 2025 | $238.82 | $241.60 | +1.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Republic Services (RSG) report earnings?
Republic Services (RSG) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Republic Services (RSG) earnings time?
Republic Services (RSG) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RSG EPS forecast?
RSG EPS forecast for the fiscal quarter 2026 (Q1) is 1.67.
