Republic Services - Public Comps and Valuation Multiples

Republic Services Overview

About Republic Services

Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 208 active landfills and 248 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs sizable recycling and hazardous waste collection and disposal operations in North America.

Founded

1996

HQ

Employees

42K+

Website

republicservices.com

Sectors

Environmental & Facilities Services
Service Providers
ClimateTech

Financials

LTM Revenue $16.5B

LTM EBITDA $5.2B

EV

$84.4B

Valuation Multiples

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Republic Services Financials

As of August 2025, Republic Services reported last 12-month revenue of $16.5B and EBITDA of $5.2B.

In the same period, Republic Services generated $6.9B in LTM gross profit and $2.1B in net income.

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Republic Services P&L

In the most recent fiscal year, Republic Services reported revenue of $16.0B and EBITDA of $4.8B.

Republic Services expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$16.5B	XXX	$16.0B	XXX	XXX	XXX
Gross Profit	$6.9B	XXX	$6.7B	XXX	XXX	XXX
Gross Margin	42%	XXX	42%	XXX	XXX	XXX
EBITDA	$5.2B	XXX	$4.8B	XXX	XXX	XXX
EBITDA Margin	32%	XXX	30%	XXX	XXX	XXX
EBIT	$3.3B	XXX	$3.2B	XXX	XXX	XXX
EBIT Margin	20%	XXX	20%	XXX	XXX	XXX
Net Profit	$2.1B	XXX	$2.0B	XXX	XXX	XXX
Net Margin	13%	XXX	13%	XXX	XXX	XXX
Net Debt	XXX	XXX	$12.6B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Republic Services including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $16.5B. EBITDA for the last twelve months was $5.2B. In the most recent fiscal year, Republic Services achieved $16.0B in revenue and $4.8B in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$16.5B	Analyst estimates available to subscribers	$16.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$6.9B	Analyst estimates available to subscribers	$6.7B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	42.0% gross margin	Analyst estimates available to subscribers	41.7% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$5.2B	Analyst estimates available to subscribers	$4.8B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	31.5% EBITDA margin	Analyst estimates available to subscribers	29.7% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$3.3B	Analyst estimates available to subscribers	$3.2B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	20.1% EBIT margin	Analyst estimates available to subscribers	20.1% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$2.1B	Analyst estimates available to subscribers	$2.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	12.8% net profit margin	Analyst estimates available to subscribers	12.7% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$12.6B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Republic Services

This financial data table provides comprehensive performance metrics for Republic Services, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Republic Services generated $16.5B in revenue over the last twelve months.
The company achieved $5.2B in EBITDA over the last twelve months.
Gross profit for the last twelve months was $6.9B.
Net income over the last twelve months reached $2.1B.

Fiscal Year Performance

In the most recent fiscal year, Republic Services reported $16.0B in total revenue.
Fiscal year EBITDA was $4.8B.
The company maintained a gross profit margin of 41.7% in the most recent fiscal year.
EBITDA margin for the fiscal year was 29.7%.
Net profit margin reached 12.7% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Republic Services. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Republic Services Stock Performance

Republic Services has current market cap of $71.3B, and EV of $84.4B.

Market Cap Evolution

Republic Services Stock Data

As of September 12, 2025, Republic Services's stock price is $228.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$84.4B	$71.3B	XXX	XXX	XXX	XXX	$6.74

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Republic Services Valuation Multiples

Republic Services's trades at 5.3x EV/Revenue multiple, and 17.8x EV/EBITDA.

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Republic Services Financial Valuation Multiples

As of September 12, 2025, Republic Services has market cap of $71.3B and EV of $84.4B.

Equity research analysts estimate Republic Services's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Republic Services has a P/E ratio of 33.8x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$71.3B	XXX	$71.3B	XXX	XXX	XXX
EV (current)	$84.4B	XXX	$84.4B	XXX	XXX	XXX
EV/Revenue	5.1x	XXX	5.3x	XXX	XXX	XXX
EV/EBITDA	16.2x	XXX	17.8x	XXX	XXX	XXX
EV/EBIT	25.4x	XXX	26.2x	XXX	XXX	XXX
EV/Gross Profit	12.2x	XXX	n/a	XXX	XXX	XXX
P/E	33.8x	XXX	34.9x	XXX	XXX	XXX
EV/FCF	36.2x	XXX	40.6x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Republic Services Margins & Growth Rates

Republic Services's last 12 month revenue growth is 5%

Republic Services's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Republic Services's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Republic Services's rule of X is 44% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Republic Services Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	5%	XXX	5%	XXX	XXX	XXX
EBITDA Margin	32%	XXX	30%	XXX	XXX	XXX
EBITDA Growth	7%	XXX	11%	XXX	XXX	XXX
Rule of 40	34%	XXX	35%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	44%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	22%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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