Republic Services, Inc.

RSGNYSEIndustrials● Active

$204.67

$-5.37(-2.56%)

Market Cap$63.0B

P/E Ratio—

52W High$255.47

52W Low$196.41

Avg Volume1.7M

Open$208.17

Beta0.41

Free Cash Flow Financials Revenue

Republic Services, Inc. (RSG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

RSG · free cash flow · updated Jun 8, 2026

Core FCF metrics

RSG · FCF · TTM · margin & CAGR

Free cash flow was $2.41B for FY2025 (fiscal year ending 2025-12-31), up 15.8% year-over-year The FCF margin was 14.5%. Five-year CAGR stands at +13.5%.

FY2025 Free Cash Flow$2.41B▲ +15.8% YoY

Trailing 12M (TTM)$2.59Btrailing 4 quarters sum

FCF Margin14.5%$2.41B ÷ revenue

3-Year CAGR+11.5%FY2022 → FY2025

5-Year CAGR+13.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

RSG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$4.30B(1.89B)$2.41B▲ +15.8%14.5%

FY2024$3.94B(1.85B)$2.08B▲ +4.7%13.0%

FY2023$3.62B(1.63B)$1.99B▲ +14.4%13.3%

FY2022$3.19B(1.45B)$1.74B▲ +18.1%12.8%

FY2021$2.79B(1.32B)$1.47B▲ +15.1%13.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

RSG · P/FCF · FCF yield · FCF per share

Republic Services, Inc. (RSG) trades at a FCF yield of 4.03% and a price-to-free-cash-flow ratio of 24.6x. FCF per share stands at $8.32, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.03%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.32

TTM FCF ÷ Shares Outstanding

Price / FCF

x24.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

RSG · cash flow statement · operating / investing / financing

For FY2025, Republic Services, Inc. generated $4.30B in operating cash flow and spent 1.89B in capital expenditures, yielding $2.41B in free cash flow.

Operating Activities

+$4.30B

Cash from core business operations

2025-12-31

Investing Activities

−$3.31B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$938.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($4.30B) − |CapEx| (1.89B) = FCF ($2.41B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

RSG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Republic Services, Inc.YOU

RSG

$2.41B+15.8%14.5%

23%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Republic Services, Inc. (RSG) reported free cash flow of $2.41B for FY2025 (fiscal year ending 2025-12-31), up 15.8% year-over-year. The FCF margin was 14.5%.

Based on available data, Republic Services, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $2.41B in FY2025. The 5-year CAGR stands at +13.5%.

Republic Services, Inc.'s FCF yield is 4.03% and price-to-FCF ratio is 24.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

RSG free cash flow · 8 questions

Republic Services, Inc. free cash flow was $2.41B for FY2025, up 15.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.59B.

RSG free cash flowRSG FCFRSG FCF 2025RSG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Republic Services, Inc. · Republic Services, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026