North American integrated environmental services provider
Republic Services, Inc.
Republic Services provides waste collection, transfer, recycling, landfill and environmental solutions across North America. It earns revenue from long-term municipal and commercial service contracts, spends on collection-fleet engines and landfill equipment, and expands its treatment capabilities through acquisitions and joint ventures.
RSG Updated Sep 11, 2026 3 AI consumers· 1 recurring
Per the valuechain.wiki graph, Republic Services, Inc. is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 4 companies within two hops; the links are backed by 10 dated sources, 3 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 net revenue of $16.591 billion (SEC 10-K XBRL)
- Segments · Group 1 · Group 2 · Group 3 Environmental Solutions
Revenue from
- City of San Diego High confidence· Contract value $15M · contract awarded 2025-03-18 · Award value for City of San Diego facilities trash and recycling services contract
The City of San Diego awarded Republic Services a 2025 contract for trash and recycling services at city facilities. The city's official contract list reports an award value of $14.5 million. - City of Commerce City High confidence
Commerce City, Colorado awarded Republic Services a five-year citywide trash and recycling collection contract after a competitive 2025 procurement. The public record reviewed does not disclose a finalized contract value.Confirms EN Commerce City Council Published Jun 16, 2025: Resolution 2025-089: Award of Refuse Collection Contract to Republic Services
Pays to
- Cummins Medium confidence· Count 226 vehicles · 2010 fleet deployment · Republic Services natural-gas vehicles deployed with Cummins Westport engines
The 226 natural-gas collection vehicles Republic Services deployed to western U.S. operations in 2010 used Cummins Westport engines. The engine purchase value was not disclosed.Confirms EN Republic Services Published Mar 31, 2010: Republic Services' Refuse and Recycling Fleet Gets Greener - Caterpillar Medium confidence· Count 18 bulldozers · 2023 · Caterpillar electric-drive bulldozers reported in operation by Republic Services
Republic Services uses Caterpillar heavy equipment, condition monitoring and oil-analysis services across landfills, transfer stations and recycling facilities. Its 2023 sustainability report says 18 Caterpillar electric-drive bulldozers were in operation.
Investors
- Cascade Investment, L.L.C. / William H. Gates III High confidence· Market share 35.6% · Schedule 13D/A filed 2026-02-20 · Beneficial ownership of Republic Services attributed to Cascade Investment and William H. Gates III
According to the SEC filing, Republic Services shares held by Cascade Investment may be deemed beneficially owned by its sole member, Bill Gates. The reported stake was 35.6% in February 2026, and Korean coverage independently identifies Gates as an RSG investor.
Investments
- US Ecology, Inc. High confidence· Amount $2.2B · acquisition completed 2022-05-02 · Total value of the US Ecology acquisition, including debt and net of cash acquired
Republic Services acquired US Ecology in May 2022, adding hazardous and specialty waste treatment and field-service capabilities to its Environmental Solutions business. Total transaction value was $2.2 billion including debt and net of cash acquired.Confirms EN Republic Services Published May 2, 2022: Republic Services Completes Acquisition of US Ecology
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Republic Services, Inc. | node | +47 | -6.2 | +29.6 | +23 | +6.4 | +6 |
| Caterpillar | benef1 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| Cummins | benef1 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| Nucor Corporation | benef2 | +118.4 | +17.4 | +33.8 | -32 | +42 | +61 |
| United Rentals | benef2 | +43.3 | +7 | +63.6 | +24 | +15.9 | +25.5 |
YTD as of 2026-09-04 · source: Yahoo Finance
Republic Services, Inc. operates across North American integrated environmental services provider. It stayed steadily positive in recent years and is +6% in 2026. The supply side (avg +27%) leads the stock (+6%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is Caterpillar (+42.9%) and the furthest behind is Cummins (+11%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It earns revenue from long-term municipal and commercial service contracts, spends on collection-fleet engines and landfill equipment, and expands its treatment capabilities through acquisitions and joint ventures.
Analysis generated from returns as of 2026-09-04