Republic Services Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	16,591	16,032	14,965	13,511	11,295
Revenue Growth (YoY)	3.49%	7.13%	10.76%	19.62%	11.24%
Cost of Revenue	9,456	9,169	8,943	8,205	6,738
Gross Profit	7,135	6,863	6,022	5,306	4,557
Selling, General & Admin	1,884	1,855	1,609	1,453	1,173
Other Operating Expenses	114	107	98	89	82.7
Operating Expenses	3,812	3,639	3,208	2,894	2,441
Operating Income	3,323	3,224	2,814	2,412	2,117
Interest Expense	-574	-539	-508	-395	-314.6
Interest & Investment Income	8	9	6	3	2.5
Earnings From Equity Investments	-163	-255	-94	-166	-188.5
Other Non Operating Income (Expenses)	20	23	2	-1	-1.8
EBT Excluding Unusual Items	2,614	2,462	2,220	1,853	1,614
Merger & Restructuring Charges	-20	-29	-33	-27	-16.6
Gain (Loss) on Sale of Assets	-	1	4	6	-0.5
Other Unusual Items	-	-2	-	-	-22
Pretax Income	2,594	2,432	2,191	1,832	1,575
Income Tax Expense	455	388	460	344	282.8
Earnings From Continuing Operations	2,139	2,044	1,731	1,488	1,292
Minority Interest in Earnings	-	-1	-	-	-1.9
Net Income	2,139	2,043	1,731	1,488	1,290
Net Income to Common	2,139	2,043	1,731	1,488	1,290
Net Income Growth	4.70%	18.02%	16.33%	15.31%	33.42%
Shares Outstanding (Basic)	312	314	316	317	319
Shares Outstanding (Diluted)	312	315	317	317	319
Shares Change (YoY)	-0.84%	-0.59%	-0.13%	-0.73%	-0.13%
EPS (Basic)	6.86	6.50	5.47	4.70	4.05
EPS (Diluted)	6.85	6.49	5.47	4.69	4.04
EPS Growth	5.55%	18.65%	16.63%	16.09%	33.77%
Free Cash Flow	2,409	2,081	1,987	1,736	1,470
Free Cash Flow Per Share	7.72	6.61	6.28	5.47	4.60
Dividend Per Share	2.410	2.230	2.060	1.910	1.770
Dividend Growth	8.07%	8.25%	7.85%	7.91%	6.63%
Gross Margin	43.00%	42.81%	40.24%	39.27%	40.35%
Operating Margin	20.03%	20.11%	18.80%	17.85%	18.74%
Profit Margin	12.89%	12.74%	11.57%	11.01%	11.43%
Free Cash Flow Margin	14.52%	12.98%	13.28%	12.85%	13.02%
EBITDA	5,141	4,927	4,413	3,853	3,385
EBITDA Margin	30.99%	30.73%	29.49%	28.52%	29.97%
D&A For EBITDA	1,818	1,703	1,599	1,441	1,268
EBIT	3,323	3,224	2,814	2,412	2,117
EBIT Margin	20.03%	20.11%	18.80%	17.85%	18.74%
Effective Tax Rate	17.54%	15.95%	21.00%	18.78%	17.95%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.