RSG vs WCN
Republic Services, Inc. and Waste Connections, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | RSG | WCN |
|---|---|---|
| Revenue | $19.0B | $9.5B |
| Net income | $2.1B | $1.1B |
| Gross margin | 49.4% | 42.4% |
| Net margin | 11.2% | 11.4% |
| Return on equity | 18.3% | 13.4% |
| Diluted EPS | $6.85 | $4.17 |
| Dividend / share | $2.41 | $1.29 |
| Payout ratio | 34.5% | 31.0% |
| Free cash flow | $2.4B | $1.2B |
| Equity | $12.0B | $8.2B |
| Net debt / equity | 1.14× | 1.06× |
| Current ratio | 0.64× | 0.62× |
| Revenue CAGR 5y | 9.6% | 11.7% |
| Profit CAGR 5y | 17.2% | 39.4% |
RSG bills 2.0× the revenue of WCN, and WCN keeps more of each dollar of revenue as profit (11.4% against 11.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | RSG | WCN |
|---|---|---|
| FY2025 | $19.0B | $9.5B |
| FY2024 | $18.4B | $8.9B |
| FY2023 | $17.3B | $8.0B |
| FY2022 | $15.6B | $7.2B |
| FY2021 | $13.3B | $6.2B |
| FY2020 | $12.0B | $5.4B |
| FY2019 | $12.2B | $5.4B |
| FY2018 | $11.9B | $4.9B |
| FY2017 | $12.1B | $4.6B |
| FY2016 | $11.4B | $3.4B |
Bottom line
| Fiscal year | RSG | WCN |
|---|---|---|
| FY2025 | $2.1B | $1.1B |
| FY2024 | $2.0B | $617.6M |
| FY2023 | $1.7B | $762.8M |
| FY2022 | $1.5B | $835.7M |
| FY2021 | $1.3B | $618.0M |
| FY2020 | $967.2M | $204.7M |
| FY2019 | $1.1B | $566.8M |
| FY2018 | $1.0B | $546.9M |
| FY2017 | $1.3B | $576.8M |
| FY2016 | $612.6M | $246.5M |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$9,560,085,000 | RSG |
| FY2024 | +$9,498,409,000 | RSG |
| FY2023 | +$9,257,049,000 | RSG |
| FY2022 | +$8,433,141,000 | RSG |
| FY2021 | +$7,169,739,000 | RSG |
| FY2020 | +$6,585,710,000 | RSG |
| FY2019 | +$6,804,321,000 | RSG |
| FY2018 | +$6,975,459,000 | RSG |
| FY2017 | +$7,440,612,000 | RSG |
| FY2016 | +$7,979,537,000 | RSG |
| FY2015 | +$6,997,713,000 | RSG |
| FY2014 | +$8,547,134,000 | RSG |
| FY2013 | +$8,118,661,000 | RSG |
| FY2012 | +$7,834,759,000 | RSG |
| FY2011 | +$7,918,804,000 | RSG |
| FY2010 | +$6,676,835,000 | RSG |
RSG has reported the higher revenue in every one of these 16 fiscal years. The gap has widened since the earliest year compared.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.1 pp | WCN |
| FY2024 | +4.2 pp | RSG |
| FY2023 | +0.5 pp | RSG |
| FY2022 | −2.1 pp | WCN |
| FY2021 | −0.4 pp | WCN |
| FY2020 | +4.3 pp | RSG |
| FY2019 | −1.7 pp | WCN |
| FY2018 | −2.4 pp | WCN |
| FY2017 | −1.9 pp | WCN |
| FY2016 | −1.9 pp | WCN |
| FY2015 | +12.7 pp | RSG |
| FY2014 | −6.1 pp | WCN |
| FY2013 | −0.0 pp | WCN |
| FY2012 | +0.9 pp | RSG |
| FY2011 | +16.7 pp | RSG |
| FY2010 | +0.5 pp | RSG |
The higher net margin has changed hands between RSG and WCN over this period.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WCN's net margin has been more volatile than RSG's over the 16 comparable fiscal years — 6.1 percentage points of standard deviation against 2.1.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between RSG and WCN over these 16 fiscal years — RSG led in 7 and WCN in 9.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WCN's return on equity has been more volatile than RSG's over the 16 comparable fiscal years — 7.2 percentage points of standard deviation against 4.3.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between RSG and WCN over these 16 fiscal years — RSG led in 14 and WCN in 2.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.