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Republic Services Valuation Multiples
Discover revenue and EBITDA valuation multiples for Republic Services and similar public comparables like Waste Connections, Waste Management, Veolia, Veralto and more.
Republic Services Overview
About Republic Services
Republic Services Group is the second-largest waste management company by revenue and provides integrated waste management services to residential, commercial, and industrial customers. With 208 active landfills, 248 transfer stations, and 75 recycling centers, Republic Services has reached $16 billion in annual revenue, focusing on recycling and environmental solutions. The company reports in three segments based on the Western United States (Group 1), Eastern United States (Group 2), and Environmental Solutions across North America (Group 3). Eighty-nine percent of total revenue comes from recycling and waste, with the remaining 11% from Environmental Solutions.
Founded
1996
HQ

Employees
42.0K
Website
Financials (LTM)
EV
$85B
Republic Services Financials
Republic Services reported last 12-month revenue of $17B and EBITDA of $5B.
In the same LTM period, Republic Services generated $7B in gross profit, $5B in EBITDA, and $2B in net income.
Revenue (LTM)
Republic Services P&L
In the most recent fiscal year, Republic Services reported revenue of $17B and EBITDA of $5B.
Republic Services expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $17B | XXX | $17B | XXX | XXX | XXX |
| Gross Profit | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $14B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Republic Services Stock Performance
Republic Services has current market cap of $71B, and enterprise value of $85B.
Market Cap Evolution
Republic Services' stock price is $230.37.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $85B | $71B | 0.0% | XXX | XXX | XXX | $6.93 |
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Start Free TrialRepublic Services Valuation Multiples
Republic Services trades at 5.1x EV/Revenue multiple, and 15.9x EV/EBITDA.
EV / Revenue (LTM)
Republic Services Financial Valuation Multiples
As of March 15, 2026, Republic Services has market cap of $71B and EV of $85B.
Equity research analysts estimate Republic Services' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Republic Services has a P/E ratio of 33.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $71B | XXX | $71B | XXX | XXX | XXX |
| EV (current) | $85B | XXX | $85B | XXX | XXX | XXX |
| EV/Revenue | 5.1x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | 15.9x | XXX | 16.0x | XXX | XXX | XXX |
| EV/EBIT | 24.9x | XXX | 25.1x | XXX | XXX | XXX |
| EV/Gross Profit | 12.1x | XXX | 12.2x | XXX | XXX | XXX |
| P/E | 33.0x | XXX | 33.3x | XXX | XXX | XXX |
| EV/FCF | 34.7x | XXX | 34.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Republic Services Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Republic Services Margins & Growth Rates
Republic Services' revenue in the last 12 month grew by 4%.
Republic Services' revenue per employee in the last FY averaged $0.4M.
Republic Services' rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Republic Services' rule of X is 41% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Republic Services Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Republic Services Public Comps
See public comps and valuation multiples for other Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Waste Connections | XXX | XXX | XXX | XXX | XXX | XXX |
| Waste Management | XXX | XXX | XXX | XXX | XXX | XXX |
| Veolia | XXX | XXX | XXX | XXX | XXX | XXX |
| Veralto | XXX | XXX | XXX | XXX | XXX | XXX |
| GFL Environmental | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Republic Services M&A Activity
Republic Services acquired XXX companies to date.
Last acquisition by Republic Services was on XXXXXXXX, XXXXX. Republic Services acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Republic Services
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialRepublic Services Investment Activity
Republic Services invested in XXX companies to date.
Republic Services made its latest investment on XXXXXXXX, XXXXX. Republic Services invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Republic Services
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Republic Services
| When was Republic Services founded? | Republic Services was founded in 1996. |
| Where is Republic Services headquartered? | Republic Services is headquartered in United States. |
| How many employees does Republic Services have? | As of today, Republic Services has over 42K employees. |
| Who is the CEO of Republic Services? | Republic Services' CEO is Jon Vander Ark. |
| Is Republic Services publicly listed? | Yes, Republic Services is a public company listed on NYSE. |
| What is the stock symbol of Republic Services? | Republic Services trades under RSG ticker. |
| When did Republic Services go public? | Republic Services went public in 1998. |
| Who are competitors of Republic Services? | Republic Services main competitors are Waste Connections, Waste Management, Veolia, Veralto. |
| What is the current market cap of Republic Services? | Republic Services' current market cap is $71B. |
| What is the current revenue of Republic Services? | Republic Services' last 12 months revenue is $17B. |
| What is the current revenue growth of Republic Services? | Republic Services revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Republic Services? | Current revenue multiple of Republic Services is 5.1x. |
| Is Republic Services profitable? | Yes, Republic Services is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Republic Services? | Republic Services' last 12 months EBITDA is $5B. |
| What is Republic Services' EBITDA margin? | Republic Services' last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Republic Services? | Current EBITDA multiple of Republic Services is 15.9x. |
| What is the current FCF of Republic Services? | Republic Services' last 12 months FCF is $2B. |
| What is Republic Services' FCF margin? | Republic Services' last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Republic Services? | Current FCF multiple of Republic Services is 34.7x. |
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