Flagship explainer

How REPUBLIC SERVICES, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$16.6B · 100%Cost of revenue$9.6B · 58%Gross profit$7.0B · 42%Operating income$3.3B · 20%Income before tax$2.6B · 16%Income tax$455M · 3%Net income$2.1B · 13%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$16.6B100%
Cost of revenue$9.6B58%
$7.0B42%
$3.3B20%
Income before tax$2.6B16%
Income tax$455M3%
$2.1B13%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
Embed this chart

View the full REPUBLIC SERVICES, INC. analysis at Buy Like Buffett