REPUBLIC SERVICES, INC.

RSG · Utilities · $68.1B mkt cap · FY2025 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power68

Median gross margin 39.6% over 10y, very stable.

Returns on capital87

Median ROIC 18.7%, above the 9% hurdle in 80% of years.

Balance-sheet safety37

Net debt/EBITDA n/ax, interest coverage 6x.

Capital discipline94

Owner earnings +13.7%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

119% above value

Owner earnings (normalized): $1.7B
Est. intrinsic value / share: $100.90
Recent price: $220.55
Discount to value: 119% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell RSG. See the disclaimer.