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⚡ Energy & Environment
Republic Services
(RSG ↗)
republicservices.com ↗
The blue trucks that haul away your trash and recycling. It's about as boring as a business gets — and that's the point: people make garbage in good times and bad, so the cash keeps coming, year after year.
Updated · FY2025 · February 2026
6
Chapters
~11
Min read
$19B / yr revenue · ~43K employees · public since 1998
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0 of 6
1
Growth
~2 min
Boring Is the Whole Point
Garbage isn't exciting. But everyone makes it, every single day — and someone has to haul it away.
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2
Financial Health
~2 min
The Cash Behind the Trucks
Trucks and landfills cost a lot. Even after paying for them, Republic keeps billions in cash.
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3
Moat
~2 min
You Can't Build a New Landfill
Anyone can buy a truck. Almost no one can get a permit for a new landfill. That's the moat.
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4
Management
~2 min
A Big Owner Bought More
A shareholder who already owned a huge stake just spent over $100 million buying even more.
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5
Behind the Numbers
~2 min
Steady, With a Green Twist
The trash business is calm. The interesting debates are about prices, fuel, and turning waste into energy.
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6
Risk
~1 min
What Could Dent a Dependable Business?
A wide moat and steady cash. So where are the cracks — and are any of them serious?
↻ Next update · Jul 30
est. Jul 30, 2026 · Q2 FY2026 · Republic Services Investor Relations ↗
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You're reading the 6 opening chapters. After that, every time Republic Services files a new report, the chapters get updated here.