Republic Services (RSG) Operating Margin (2009 - 2026)
Republic Services (RSG) reported 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 18 years of Operating Margin data on file, last reported at 20.18% in Q1 2026.
- Operating Margin for Q1 2026 came in at 20.18%, up 13.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.93% (down 26.0% YoY), and the FY2025 annual result was 19.9%, down 3.0% from the prior year.
- Operating Margin climbed to 20.18% in Q1 2026 per RSG's latest filing, from 19.35% in the prior quarter.
- Over five years, Operating Margin peaked at 20.76% in Q3 2024 and troughed at 16.36% in Q4 2022.
- A 5-year average of 19.1% and a median of 19.02% in 2023 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin plunged 114 bps in 2022, then jumped 193 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 16.36% in 2022, then increased by 12 bps to 18.29% in 2023, then rose by 9 bps to 19.85% in 2024, then declined by 3 bps to 19.35% in 2025, then grew 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | -15.18% |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 15.36% |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 8.15% |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 1.06% |
| 5 | Enviri | 1.71 Bn | 1.63 Bn | - | - |
| 6 | Onterris | 613.85 Mn | 602.80 Mn | - | - |
| 7 | American Battery Technology | 425.23 Mn | 386.75 Mn | 737,749.00 | -440.46% |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | 17.87% |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | -67.26% |
| 10 | Republic Services | - | - | 1.75 Bn | 20.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 18.42% |