How does Republic Services (RSG) make money?

Republic Services (RSG) generates revenue primarily from Collection Service Line, which accounted for 50.2% of total revenue in TTM through Q1 2026. The company reported $16.7B in revenue and converted 13% of it into net profit, equivalent to roughly $2.17B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Republic Services (RSG)?

Republic Services (RSG) reported a gross profit margin of 39.1% in TTM through Q1 2026, equivalent to $6.52B in gross profit on $16.7B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Republic Services (RSG)?

Republic Services (RSG) reported an operating profit margin of 20% in TTM through Q1 2026, equivalent to $3.35B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Republic Services (RSG)?

Republic Services (RSG) reported a net profit margin of 13% in TTM through Q1 2026, equivalent to $2.17B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Republic Services (RSG) profitable?

Yes. Republic Services (RSG) reported $2.17B in net income for TTM through Q1 2026, with a net profit margin of 13%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Republic Services (RSG) spend on capital expenditures?

Republic Services (RSG) spent $1.9B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 11.4% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Republic Services (RSG) generate?

Republic Services (RSG) generated $2.59B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 15.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Republic Services (RSG)?

Republic Services (RSG) had an effective tax rate of 16.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Republic Services (RSG)?

Republic Services (RSG) reports revenue across 8 reportable product segments, led by Collection Service Line at 50.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Republic Services Makes Money: 2026 Visual Revenue Map

Republic Services (RSG) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 8, 2026).

Republic Services discloses geographic revenue only in annual filings. to view the full breakdown.

Republic Services (RSG) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Republic Services (RSG), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Collection Service Line	$8.39B	50.2%
Collection Service Line - Small-container	$3.05B	18.3%
Collection Service Line - Large-container	$1.86B	11.2%
Collection Service Line - Residential	$1.8B	10.8%
Environmental Solutions Service Line	$1.06B	6.4%
Other Service Line - Sale Of Recycled Commodities	$260M	1.6%
Other Service Line - Other Non-core	$236M	1.4%
Collection Service Line - Other	$41.1M	0.2%
Total	$16.7B	100%

Collection Service Line$8.39B
Collection Service Line - Small-container$3.05B
Collection Service Line - Large-container$1.86B
Collection Service Line - Residential$1.8B
Environmental Solutions Service Line$1.06B
Other Service Line - Sale Of Recycled Commodities$260M
Other Service Line - Other Non-core$236M
Collection Service Line - Other$41.1M
Total$16.7B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Republic Services (RSG) reports revenue across 8 reportable product segments; the largest segment was Collection Service Line at 50.2%, followed by Collection Service Line - Small-container (18.3%) and Collection Service Line - Large-container (11.2%).

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