Filing Flows › Republic Services (RSG) › Q1 2025
Republic Services (RSG) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Republic Services (RSG) reported revenue of $4.6B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -0.9% from the quarter before. Operating margin was 17.5%, net earnings $495M (10.8% of revenue).
Republic Services, Q1 2025: revenue $4.6B (+4% year over year), operating margin 17.5%, net earnings $495M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | -0.9% | +3% |
| Operating profit | $804M | +0.1% | +10% |
| Net earnings | $495M | -4% | +9% |
| Operating cash flow | $1.0B | +0.3% | +26% |
| Free cash flow | $727M | — | +36% |
What changed
Revenue was $4.6B in Q1 2025, up 3% year over year and down 1% from the previous quarter.
Operating profit was $0.80B, a 17.5% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 17% margin then. Total costs grew 2% against revenue growth of 3%. Net earnings were $0.49B, up 9% year over year. The effective tax rate was 25.6%.
Operating cash flow was $1.0B (up 26% year over year), 207% of net earnings. Non-cash charges added back $0.43B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.08B. After property and equipment received, net ($0.30B), adjusted free cash flow as the company reports it was $0.73B.
Questions
What was Republic Services' revenue in the first quarter 2025?
Republic Services (RSG) reported revenue of $4.6B for the first quarter 2025 (Q1 2025), +3% from a year earlier and -0.9% from the quarter before.
Was Republic Services profitable in the first quarter 2025?
Operating profit was $804M (17.5% of revenue) and net earnings $495M.
Source: Republic Services 10-Q on SEC EDGAR.