Filing Flows › Republic Services (RSG) › Q4 2025
Republic Services (RSG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Republic Services (RSG) reported revenue of $4.7B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -2% from the quarter before. Operating margin was 16.9%, net earnings $544M (11.5% of revenue).
Republic Services, Q4 2025: revenue $4.7B (+2% year over year), operating margin 16.9%, net earnings $544M, operating cash flow $981M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | -2% | +2% |
| Operating profit | $800M | -4% | -0.4% |
| Net earnings | $544M | -1% | +6% |
| Operating cash flow | $981M | -17% | -4% |
| Free cash flow | $404M | -45% | -23% |
What changed
Revenue was $4.7B in Q4 2025, up 2% year over year and down 2% from the previous quarter.
Operating profit was $0.80B, a 16.9% margin (down 0.4 points year over year). Operating profit fell $3.0M even though revenue rose $0.09B versus a year earlier, so costs grew faster than sales. Total costs grew 3% against revenue growth of 2%. Net earnings were $0.54B, up 6% year over year. The effective tax rate was 3.5%.
Operating cash flow was $1.0B (down 4% year over year), 180% of net earnings. Non-cash charges added back $0.46B of depreciation and amortization. Capital expenditures of $0.58B left free cash flow of $0.40B.
Questions
What was Republic Services' revenue in the fourth quarter 2025?
Republic Services (RSG) reported revenue of $4.7B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -2% from the quarter before.
Was Republic Services profitable in the fourth quarter 2025?
Operating profit was $800M (16.9% of revenue) and net earnings $544M.
Source: Republic Services 10-K on SEC EDGAR.