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
DateValue
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%