Republic Services Q4 EPS Beats, 2026 Revenue and EPS Guidance Misses
Republic Services reported Q4 EPS of $1.76, up 11.4% year-over-year and 8.7% above estimates, while revenues of $4.1 billion rose 2.2% but missed forecasts by 1.8%. The company guided 2026 revenues to $17.05–17.15 billion and adjusted EPS of $7.20–7.28, both below consensus, prompting analysts to slash forecasts.
1. Q4 Results
Republic Services reported EPS of $1.76 in Q4 2025, up 11.4% year-over-year and beating the consensus by 8.7%. Revenues rose 2.2% to $4.1 billion but fell 1.8% short of forecasts.
2. Segment Performance
Collection segment revenues grew 3.8% to $2.8 billion, missing the $2.9 billion forecast. Environmental Solutions declined 12.4% to $422 million, while Transfer and Landfill revenues climbed 5.4% to $214 million and $467 million, respectively. The Other segment delivered $200 million, up 5.3%.
3. 2026 Guidance and Analyst Reactions
The company issued 2026 revenue guidance of $17.05–17.15 billion versus a $17.33 billion consensus, and adjusted EPS guidance of $7.20–7.28 against a $7.26 estimate. This shortfall led multiple firms to lower full-year earnings and revenue forecasts.
4. Financial Position and Cash Flow
At quarter end, cash and equivalents stood at $76 million versus $84 million the prior quarter, with net long-term debt of $13 billion. Q4 operating cash flow was $981 million, adjusted free cash flow reached $242 million, and capital expenditures totaled $577 million.