Republic Services, Inc. (RSG)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Republic Services is the kind of business Graham would appreciate more than Buffett would love at this price: essential waste collection and disposal, recurring routes, and a low beta of 0.40. The filed record is steady rather than exciting. Fiscal 2025 revenue was $16.6B, net income $2.1B, and diluted EPS $6.85, up from $15.0B, $1.7B, and $5.47 in fiscal 2023. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $4.4B, net income $566.1M, and diluted EPS $1.84, against $4.2B, $549.9M, and $1.75 in fiscal Q2 2025. That is positive but modest. FairStock calls it a STALWART because profit grew 17.2% a year over five years and revenue 10.3%; trailing free cash flow is $2.7B. The balance sheet is not fortress-like to me: debt/equity is 1.19, ROCE is 6.17%, and the Altman Z-score is 2.55, though ROE of 18.15% and Piotroski 7/9 are respectable. The moat is route density and disposal assets, but the data here do not let me quantify pricing power. Valuation is the rub. At the 2026-10-26 close of $241.31, FairStock shows P/E 34.13, P/B 6.14, PEG 11.69, EV/EBITDA 17.09, and FCF yield 3.6%. The Graham Number is $79.09, implying a -204.02% margin of safety. This is a fine steady business, but the price already assumes durable growth; I see little Graham-style cushion.

In plain English: Republic Services collects and disposes of waste and recycling for homes and businesses in the U.S. and Canada. The business looks steady and profitable, with sales and earnings rising modestly, but the share price looks expensive compared with the profits and cash the company produces.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer