Republic Services Inc. Reports Third‑Quarter 2025 Results

Republic Services Inc. (NASDAQ: RSG), the largest non‑hazardous solid‑waste service provider in the United States, delivered a third‑quarter performance that, while modestly lower than the same period in 2024, comfortably surpassed analyst expectations. The company posted net income of $550 million, translating to $1.76 EPS and an adjusted EPS of $1.90 after stripping non‑recurring costs and restructuring charges.

Earnings and Margins

  • Net income margin: 13.1 %
  • Adjusted EBITDA margin: 32.8 %
  • Adjusted free cash flow: $2.19 billion, underscoring the firm’s robust liquidity profile.

The earnings beat the consensus of 12 Wall Street analysts (average estimate $1.68), reinforcing the company’s narrative of resilient cash generation and disciplined cost management.

Capital Deployment and Growth

Year‑to‑date, Republic Services invested over $1 billion in value‑creating acquisitions, a continuation of its strategic growth engine. This capital deployment is supported by the $3.32 billion year‑to‑date cash flow from operations, providing a comfortable cushion for future opportunistic deals and shareholder returns.

Market Context

As of October 29, 2025, the stock closed at $209.92, comfortably below its 52‑week high of $258.75 but comfortably above its low of $198.89. With a market cap of $66.18 billion and a forward P/E of 31.08, the shares are trading at a valuation that reflects the sector’s premium for stable, regulated cash flows.

Forward Outlook

Republic Services’ management reiterated its commitment to operational excellence and portfolio optimization. The company is expected to continue generating strong free cash flow, while maintaining a disciplined cap‑ex policy to fund its acquisition pipeline. Given its track record of exceeding earnings estimates and deploying capital efficiently, the firm’s trajectory appears firmly upward, positioning it as a resilient component of the industrial services sector.

The latest quarterly data reinforce Republic Services’ standing as a dependable generator of value for investors seeking exposure to essential infrastructure with a clear growth strategy.