RSG vs GFL vs WBI Stock Comparison

Republic Services, GFL Environmental and WaterBridge Infrastructure Prices as of Nov 2, 2026 Peers: Industry group
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RSG Republic Services, Inc.
$245.99 +17.4% 1M +18.1% 1Y
Market cap
$75.33B
P/E
34.6x
Revenue (TTM)
$16.89B
Div. yield
1.04%
Solid Waste Industrials
8 wins
GFL GFL Environmental Inc.
$45.97 +9.5% 1M +5.2% 1Y
Market cap
$17.05B
P/E
–
Revenue (TTM)
—
Div. yield
0.17%
Solid Waste Industrials
2 wins

Head to Head

12 decided of 12

Republic Services leads on 8 of the 12 questions below (Republic Services 8, WaterBridge Infrastructure 2, GFL Environmental 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRSGGFLWBILeader
Larger companyMarket capitalisation $75.33B $17.05B $3.46B RSG
Cheaper on earningsLower P/E, profitable companies only 34.6x -75.7x 28.5x WBI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 33.0x 74.1x 45.9x RSG
Faster revenue growthRevenue growth, trailing twelve months +3.2% — +110.0% WBI
More profitableNet margin, trailing twelve months 12.9% — 6.2% RSG
Better return on capitalReturn on invested capital 11.0% 9.7% 3.6% RSG
Less leveragedLower net debt / EBITDA 2.6x -0.1x 4.3x GFL
Higher dividend yieldTrailing dividend yield 1.04% 0.17% 0.54% RSG
Better 1-year returnPrice return, last 12 months +18.1% +5.2% +16.8% RSG
Better 5-year returnAnnualised price return, 5 years +13.2%/yr +2.0%/yr — RSG
Less volatileAnnualised volatility, 1 year 20.3% 29.4% 46.1% RSG
Higher overall scoreMean of the five percentile scores vs peers 54/100 59/100 41/100 GFL

Percentile Scorecard

RSGGFLWBI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisRSGGFLWBI
Valuation 47 #9 of 16 87 #3 of 16 6 #33 of 35
Growth 39 #9 of 14 15 #12 of 14 100 #1 of 34
Profitability 100 #1 of 14 46 #8 of 14 21 #27 of 34
Financial Health 27 #12 of 16 87 #3 of 16 77 #9 of 35
Shareholder Returns 57 #4 of 8 – 0 #31 of 31
Overall 54 59 41
  • RSG ranked among 16 companies in Waste Management
  • GFL ranked among 16 companies in Waste Management
  • WBI ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodRSGGFLWBISPY
1 month +17.4%+9.5%-2.9% -2.3%
3 months +17.4%+9.5%-17.1% -0.7%
6 months +19.1%+21.9%-6.7% +4.8%
Year to date +16.1%+7.0%+40.0% +10.3%
1 year +18.1%+5.2%+16.8% +10.3%
3 years +60.3%+53.6%— +73.0%
3 years, per year +17.0%+15.4%— +20.1%
5 years +85.8%+10.4%— +61.9%
5 years, per year +13.2%+2.0%— +10.1%
10 years +380.9%—— +258.6%
10 years, per year +17.0%—— +13.6%

Risk

MeasureRSGGFLWBISPY
Volatility, 1Y 20.3%29.4%46.1% 12.8%
Downside volatility, 1Y 18.6%28.5%49.3% 12.8%
Beta vs S&P 500, 1Y -0.460.220.31 1.00
Return / volatility, 1Y 0.890.180.36 0.80
Max drawdown, 5Y -23.4%-42.9%-30.7% -25.4%
From 52-week high 0.0%-1.2%-22.6% -3.5%
52-week high $245.99$46.51$36.22 $779.14
52-week low $197.73$33.54$18.76 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleRSGGFLWBI
P/E now vs peer median 34.6xmedian 30.9x -75.7xmedian 30.9x 28.5xmedian 19.0x
P/S now vs peer median 4.5xmedian 3.4x 2.3xmedian 3.4x 4.4xmedian 2.7x
EV/EBITDA now vs peer median 16.7xmedian 15.1x 5.2xmedian 15.1x 13.7xmedian 10.9x
P/FCF now vs peer median 28.4xmedian 18.0x 6.4xmedian 18.0x -28.3xmedian 16.0x
P/B now vs peer median 6.3xmedian 2.9x 1.4xmedian 2.9x 1.9xmedian 2.4x
PEG now vs peer median 2.73median 2.73 1.07median 2.73 —median 1.68

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsRSGGFLWBI
Revenue $16.89B – $777.97M
Gross profit $7.09B – $205.03M
Operating income $3.37B $1.72B $126.63M
Net income $2.19B -$385.60M $53.91M
Free cash flow $2.65B $2.64B -$122.30M
EPS (diluted) $7.10 $-0.59 $0.98
Cash & equivalents $107.00M $296.50M $47.62M
Total debt $14.07B $14.20M $1.62B
Shares (diluted) 307.63M 378.69M 48.76M
Enterprise value $74.94B $15.24B $4.36B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricRSGGFLWBI
P/E 34.6x -75.7x 28.5x
P/FCF 28.4x 6.4x -28.3x
P/Operating cash flow 16.6x 11.5x 13.3x
P/S 4.5x 2.3x 4.4x
P/B 6.3x 1.4x 1.9x
P/Tangible book 6.7x 1.8x 3.8x
EV/EBITDA 16.7x 5.2x 13.7x
EV/EBIT 26.5x 9.8x 39.7x
EV/Revenue 5.3x – 6.5x
EV/FCF 33.7x 6.3x -41.1x
EV/Operating cash flow 19.7x 11.3x 19.3x
PEG (3Y EPS CAGR) 2.73 1.07 –

Growth

14 metrics
MetricRSGGFLWBI
Revenue growth (1Y) 3.2% – 110.0%
Revenue CAGR (3Y) 5.4% – –
Gross profit growth (1Y) 2.5% – 85.4%
Gross profit CAGR (3Y) 7.8% – –
Operating income growth (1Y) 1.6% -0.2% 89.5%
Operating income CAGR (3Y) 9.1% – –
Net income growth (1Y) 2.9% -110.8% 325.5%
Net income CAGR (3Y) 11.5% -45.6% –
EPS growth (1Y) 4.9% -106.3% –
EPS CAGR (3Y) 12.7% -70.7% –
Operating cash flow growth (1Y) 9.2% 8.3% –
Operating cash flow CAGR (3Y) 10.2% -6.2% –
Free cash flow growth (1Y) 12.6% 2.5% –
Free cash flow CAGR (3Y) 12.3% -2.5% –

Profitability

14 metrics
MetricRSGGFLWBI
Gross margin 42.0% – 26.4%
EBITDA margin 31.7% – 47.3%
Operating margin 19.9% – 16.3%
Pretax margin 15.2% – 7.2%
Net margin 12.9% – 6.2%
FCF margin 15.7% – -15.7%
Operating cash flow margin 26.9% – 33.5%
Return on equity 18.2% -4.0% 2.9%
Return on assets 6.3% -1.5% 1.4%
Return on invested capital 11.0% 9.7% 3.6%
Return on capital employed 10.9% 7.6% 3.4%
Asset turnover 0.5x – 0.2x
Cash conversion (OCF / net income) 2.1x -3.8x 4.8x
Stock comp / revenue – – 2.3%

Financial Health

11 metrics
MetricRSGGFLWBI
Debt / assets 40.0% 0.0% 41.0%
Debt / equity 1.2x 0.0x 0.9x
Net debt / EBITDA 2.6x -0.1x 4.3x
Debt / FCF 5.3x 0.0x -13.2x
Liabilities / assets 65.8% 59.0% 53.6%
Equity / assets 34.2% 41.0% 46.4%
Interest coverage 5.7x 2.8x –
Current ratio 0.6x 0.9x 1.5x
Quick ratio 0.6x 0.8x 1.5x
Cash ratio 0.0x 0.1x 0.3x
Altman Z-score 3.17 – 1.32

Shareholder Returns

7 metrics
MetricRSGGFLWBI
Dividend yield 1.0% 0.2% 0.5%
Net buyback yield 2.0% – –
Shareholder yield 3.0% 0.2% 0.5%
Payout ratio (earnings) 34.8% – –
Payout ratio (FCF) 28.7% – –
Dividend growth (1Y) 6.9% – –
Dividend CAGR (3Y) 7.4% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusRSGGFLWBI
Forward P/E 33.0xFY2026 74.1xFY2026 45.9xFY2026
EPS, next fiscal year $7.45FY2026 $0.62FY2026 $0.61FY2026
EPS growth, next FY +6.1%FY2026 +12.7%FY2026 –
EPS growth, the year after +5.9% +27.4% +4.9%
Revenue, next fiscal year $16.61BFY2026 $6.10BFY2026 $858.29MFY2026
Revenue growth, next FY +0.1%FY2026 +26.5%FY2026 +8.6%FY2026
Revenue growth, the year after +15.6% +22.3% +19.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRSGGFLWBI
Held by institutions 58.9% 74.8% 58.3%
Institutions holding 1,304 323 164
Change in shares held, QoQ +0.5% +10.3% +29.4%
Institutions buying 623 185 101
Institutions selling 485 101 41
Buyers to sellers 1.28 1.83 2.46

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

RSGGFLWBI
RSG 1.00 0.41 0.02
GFL 0.41 1.00 0.04
WBI 0.02 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RSG, GFL and WBI?

Republic Services (RSG) is the largest by market capitalisation: Republic Services (RSG) $75.33B, GFL Environmental (GFL) $17.05B, WaterBridge Infrastructure (WBI) $3.46B.

Which stock is cheaper, RSG, GFL and WBI?

WaterBridge Infrastructure (WBI) trades on the lowest price-to-earnings ratio (Republic Services (RSG) 34.6x, GFL Environmental (GFL) -75.7x, WaterBridge Infrastructure (WBI) 28.5x). On next year's consensus earnings, Republic Services (RSG) is cheapest (Republic Services (RSG) 33.0x, GFL Environmental (GFL) 74.1x, WaterBridge Infrastructure (WBI) 45.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

WaterBridge Infrastructure (WBI) grew revenue fastest over the trailing twelve months: Republic Services (RSG) +3.2%, WaterBridge Infrastructure (WBI) +110.0%.

Which company is more profitable?

Republic Services (RSG) has the highest net margin (Republic Services (RSG) 12.9%, WaterBridge Infrastructure (WBI) 6.2%). On return on invested capital, Republic Services (RSG) leads (Republic Services (RSG) 11.0%, GFL Environmental (GFL) 9.7%, WaterBridge Infrastructure (WBI) 3.6%).

Which stock has performed better?

Over the past year Republic Services (RSG) returned the most: Republic Services (RSG) +18.1%, GFL Environmental (GFL) +5.2%, WaterBridge Infrastructure (WBI) +16.8%. Over five years, Republic Services (RSG) compounded fastest (Republic Services (RSG) +13.2%/yr, GFL Environmental (GFL) +2.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Republic Services (RSG) has the highest dividend yield: Republic Services (RSG) 1.04%, GFL Environmental (GFL) 0.17%, WaterBridge Infrastructure (WBI) 0.54%.

Which stock is riskier?

By one-year price volatility, Republic Services (RSG) has been the steadiest (Republic Services (RSG) 20.3%, GFL Environmental (GFL) 29.4%, WaterBridge Infrastructure (WBI) 46.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RSG, GFL and WBI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Republic Services (RSG) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.