Republic Services (RSG) Operating Margin (2009 - 2026)
Republic Services (RSG) posted quarterly Operating Margin of 20.18% for Q1 2026, up 13.0% year-over-year from 17.86% in Q1 2025, and up 4.3% quarter-over-quarter from 19.35% in Q4 2025.
Republic Services (RSG) Operating Margin (2009 - 2026) Analysis & Trends
Republic Services (RSG) has reported Operating Margin for 18 consecutive years, with 20.18% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 13.0% year-over-year to 20.18%; the TTM figure through Mar 2026 stood at 19.93% (down 26.0% YoY), while the FY2025 annual figure was 19.9%, down 3.0% from the prior year.
- Operating Margin grew to 20.18% in Q1 2026 per RSG's latest filing, from 19.35% in the prior quarter.
- Across five years, Operating Margin topped out at 20.76% in Q3 2024 and bottomed at 16.36% in Q4 2022.
- Historically, Operating Margin has averaged 19.1% across 5 years, with a median of 19.02% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin plunged 114 bps — and 2023, when it jumped 193 bps.
- Republic Services' Operating Margin stood at 16.36% in 2022, then grew by 12 bps to 18.29% in 2023, then advanced by 9 bps to 19.85% in 2024, then fell by 3 bps to 19.35% in 2025, then increased by 4 bps to 20.18% in 2026.
- Business Quant data shows RSG's Operating Margin at 20.18% in Q1 2026, 19.35% in Q4 2025, and 19.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 90.39 Bn | 89.83 Bn | 2.73 Bn | 18.75% |
| 2 | Republic Services | 67.62 Bn | 67.51 Bn | 1.87 Bn | 20.34% |
| 3 | Waste Connections | 42.71 Bn | 42.61 Bn | 1.08 Bn | 17.08% |
| 4 | Clean Harbors | 17.07 Bn | 16.56 Bn | 608.78 Mn | 15.50% |
| 5 | GFL Environmental | 14.89 Bn | 14.70 Bn | 278.90 Mn | -11.00% |
| 6 | Casella Waste Systems | 5.91 Bn | 5.89 Bn | 178.80 Mn | 3.67% |
| 7 | Sino Green Land | 646.75 Mn | 646.67 Mn | -78,936.00 | -83.62% |
| 8 | Onterris | 529.21 Mn | 515.52 Mn | 82.26 Mn | 3.46% |
| 9 | Perma Fix Environmental Services | 334.90 Mn | 300.95 Mn | -2.50 Mn | -50.50% |
| 10 | American Battery Technology | 307.22 Mn | 267.94 Mn | 737,749.00 | -440.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.34% |
| Mar 31, 2026 | 20.18% |
| Dec 31, 2025 | 19.35% |
| Sep 30, 2025 | 19.85% |
| Jun 30, 2025 | 20.33% |
| Mar 31, 2025 | 20.05% |
| Dec 31, 2024 | 19.85% |
| Sep 30, 2024 | 20.76% |
| Jun 30, 2024 | 20.11% |
| Mar 31, 2024 | 18.98% |
| Dec 31, 2023 | 18.29% |
| Sep 30, 2023 | 19.02% |
| Jun 30, 2023 | 18.98% |
| Mar 31, 2023 | 17.99% |
| Dec 31, 2022 | 16.36% |
| Sep 30, 2022 | 18.46% |
| Jun 30, 2022 | 17.27% |
| Mar 31, 2022 | 18.87% |
| Dec 31, 2021 | 16.99% |
| Sep 30, 2021 | 19.23% |