Republic Services Q4 FY25: where the revenue came from and where it went
The whole income statement of Republic Services for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 18, 2026
Revenue$4.73B
+2% year over year
Gross profit$2.32B
49% margin
Operating profit$0.80B
17% margin
Net profit$0.55B
12% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Segment revenue | 5.71 | 121% | |
| Landfill, net | 1.92 | 41% | |
| Environmental solutions, net | 1.77 | 37% | |
| Transfer, net | 0.85 | 18% | |
| Recycling processing | 0.43 | 9% | |
| Other non-core | 0.39 | 8% | |
| Other revenue | 0.28 | 6% | |
| Collection: other | 0.07 | 2% | |
| Eliminations | −0.99 | −21% | |
| Net revenue | 4.73 | 100% | +2% |
| Cost of revenue | −2.40 | 51% | |
| Gross profit | 2.32 | 49% margin | −1pp |
| SG&A | −0.44 | 9% | +0pp |
| Other | −1.08 | 23% | +0pp |
| Operating profit | 0.80 | 17% margin | +0pp |
| Interest & other costs | −0.26 | ||
| Net profit | 0.55 | 12% margin |
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