Republic Services, Inc. (RSG)

In Q2 2025, Republic Services faced demand headwinds in construction and manufacturing, leading to a reduction in its full-year revenue guidance by $190 million. Strong pricing and cost discipline enabled an 8% adjusted EBITDA growth and improved adjusted EBITDA margins, with full-year adjusted EPS and adjusted EBITDA guidance remaining unchanged. The company increased its full-year adjusted free cash flow outlook for fiscal 2025 due to an $80 million tax benefit. Republic Services reported earnings on October 31st, beating EPS estimates but falling short on revenue estimates. As of February 6, 2026, the stock price was $219.84, a 2.21% increase from the prior week, but shares have seen a 6.7% loss over the last six months. Analysts generally maintain a "Moderate Buy" rating for the stock, with an average price target of $248.82. Insider trading activity included Director Katharine Weymouth buying shares in December 2025 and Gregg Brummer and Cascade Investment LLC in August 2025.

Demand for Republic Services' products and services experiences some seasonality, influenced by economic factors. The company faced demand headwinds in construction and manufacturing during Q2 2025. While Republic Services has historically benefited from price increases, its recent performance indicates a slowdown in demand. Analysts anticipate that the company's products and services may continue to see some demand headwinds in the coming 12 months, with projected revenue growth of 4.6%. The essential nature of waste management services generally provides a recurring revenue stream.

Republic Services, Inc. is an environmental services company in the United States, focusing on non-hazardous solid waste collection, waste transfer, disposal, and recycling services, serving over 13 million customers across North America. Its services include curbside collection, recycling and waste container supply, compactor rental, and recyclable material processing. The company also offers advanced recycling, special and hazardous waste treatment, field and industrial services, emergency response, and equipment rental. Republic Services is involved in sustainable waste management practices, including landfill gas-to-energy and plastics recycling.

Republic Services has an extensive geographic footprint across North America, particularly in the United States. It operates 367 collection operations, 248 transfer stations, 75 recycling centers, 208 active landfill disposal sites, 2 treatment, recovery, and disposal facilities, 23 treatment, storage, and disposal facilities, 5 salt water disposal wells, 14 deep injection wells, and 1 polymer center. Additionally, it is involved in 79 landfill gas-to-energy and other renewable energy projects and has post-closure responsibility for 125 closed landfills. The company also has service locations in Puerto Rico and the U.S. Virgin Islands.

In the past year, Republic Services has maintained a positive brand reputation, marked by significant recognition and strategic partnerships. On January 26, 2026, Republic Services was recognized for the fifth time as one of the World's Most Admired Companies. The company also joined forces with The Martin Luther King, Jr. Center for Nonviolent Social Change on January 15, 2026, to build stronger communities. Republic Services emphasizes its commitment to safety, environmental compliance, and customer service, aiming to build long-lasting relationships. The company also highlights its bold 2030 sustainability goals, which are science-based and aligned with The Paris Agreement.

Republic Services, Inc. has a diverse ownership structure including institutional, retail, and individual investors. Institutional investors hold approximately 35.31% of the company's stock, while insiders own about 35.57%, and public companies and individual investors hold 29.12%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Capital World Investors, Fmr Llc, Price T Rowe Associates Inc /md/, Geode Capital Management, Llc, and Wellington Management Group Llp. Bill Gates's Cascade Investment is a significant owner, holding 35.1% of the company.