RSG Q3 2025 Earnings
Reported Oct 30, 2025 at 4:10 PM ET · SEC Source
Q3 25 EPS
$1.90
BEAT +6.48%
Est. $1.78
Q3 25 Revenue
$4.21B
MISS 0.91%
Est. $4.25B
vs S&P Since Q3 25
-3.1%
TRAILING MARKET
RSG +2.6% vs S&P +5.7%
Market Reaction
Did RSG Beat Earnings? Q3 2025 Results
Republic Services delivered a stronger-than-expected earnings performance in Q3 2025, with adjusted EPS of $1.90 clearing the $1.78 consensus estimate by 6.48%, even as revenue of $4.21 billion came in just shy of the $4.25 billion Wall Street had an… Read more Republic Services delivered a stronger-than-expected earnings performance in Q3 2025, with adjusted EPS of $1.90 clearing the $1.78 consensus estimate by 6.48%, even as revenue of $4.21 billion came in just shy of the $4.25 billion Wall Street had anticipated, a 0.91% miss despite growing 3.3% year-over-year. The defining storyline of the quarter was the company's ability to protect profitability through pricing discipline, core price on related business revenue rose 7.2%, even as $56 million in labor disruption costs from isolated work stoppages weighed heavily on reported results, pushing reported EPS down to $1.76 from $1.80 a year ago. Adjusted EBITDA margin expanded 80 basis points to 32.8%, underscoring that the underlying business continues to price ahead of cost inflation. Volume headwinds persisted, with large-container collection volumes declining 3.9% and total volumes slipping 0.3%. Looking ahead, management guided revenue toward the low end of its full-year 2025 range while reiterating all other financial targets, signaling confidence in margins and cash flow even as top-line momentum remains measured. RBC Capital maintained its Buy rating with a $265 price target following the report.
Key Takeaways
- • Core price on total revenue increased revenue by 5.9%
- • Core price on related business revenue of 7.2% (8.6% open market, 4.8% restricted)
- • Average yield on total revenue of 4.0%
- • Adjusted EBITDA margin expanded 80 basis points year-over-year to 32.8%
- • Pricing ahead of cost inflation
- • Acquisition growth contributed 1.6% to revenue
RSG YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
RSG Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered strong third-quarter results as we continue to execute our strategy for sustainable, profitable growth. Despite ongoing cyclical volume pressures, our ability to price ahead of cost inflation and disciplined operational execution drove an 80-basis-point expansion in adjusted EBITDA margin. These results underscore the resiliency of our business model and the value from continued investments in our differentiated capabilities.”
— Jon Vander Ark, Q3 2025 Earnings Press Release
RSG Earnings Trends
RSG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RSG EPS Trend
Earnings per share: estimate vs actual
RSG Revenue Trend
Quarterly revenue: estimate vs actual
RSG Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.63 | $1.76 | +7.98% | $4.14B | — |
| FY Full Year | $6.90 | $7.02 | +1.76% | $16.59B | -0.44% |
| Q3 25 BEAT | $1.78 | $1.90 | +6.48% | $4.21B | -0.91% |
| Q2 25 | — | $1.77 | — | $4.24B | — |
| Q1 25 | — | $1.58 | — | $4.01B | — |