RSG vs WM
Republic Services, Inc. and Waste Management Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | RSG | WM |
|---|---|---|
| Revenue | $19.0B | $25.2B |
| Net income | $2.1B | $2.7B |
| Gross margin | 49.4% | 40.4% |
| Net margin | 11.2% | 10.7% |
| Return on equity | 18.3% | 29.7% |
| Diluted EPS | $6.85 | $6.70 |
| Dividend / share | $2.41 | $3.30 |
| Payout ratio | 34.5% | 49.3% |
| Free cash flow | $2.4B | $2.8B |
| Equity | $12.0B | $10.0B |
| Net debt / equity | 1.14× | 2.27× |
| Current ratio | 0.64× | 0.89× |
| Revenue CAGR 5y | 9.6% | 10.6% |
| Profit CAGR 5y | 17.2% | 12.6% |
WM bills 1.3× the revenue of RSG, and RSG keeps more of each dollar of revenue as profit (11.2% against 10.7%).
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 | WM |
|---|---|---|
| FY2025 | $19.0B | $25.2B |
| FY2024 | $18.4B | $22.1B |
| FY2023 | $17.3B | $20.4B |
| FY2022 | $15.6B | $19.7B |
| FY2021 | $13.3B | $17.9B |
| FY2020 | $12.0B | $15.2B |
| FY2019 | $12.2B | $15.5B |
| FY2018 | $11.9B | $14.9B |
| FY2017 | $12.1B | $14.5B |
| FY2016 | $11.4B | $13.6B |
Bottom line
| Fiscal year | RSG | WM |
|---|---|---|
| FY2025 | $2.1B | $2.7B |
| FY2024 | $2.0B | $2.7B |
| FY2023 | $1.7B | $2.3B |
| FY2022 | $1.5B | $2.2B |
| FY2021 | $1.3B | $1.8B |
| FY2020 | $967.2M | $1.5B |
| FY2019 | $1.1B | $1.7B |
| FY2018 | $1.0B | $1.9B |
| FY2017 | $1.3B | $1.9B |
| FY2016 | $612.6M | $1.2B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$6,177,000,000 | WM |
| FY2024 | −$3,645,000,000 | WM |
| FY2023 | −$3,147,000,000 | WM |
| FY2022 | −$4,053,000,000 | WM |
| FY2021 | −$4,609,900,000 | WM |
| FY2020 | −$3,186,300,000 | WM |
| FY2019 | −$3,262,000,000 | WM |
| FY2018 | −$3,015,600,000 | WM |
| FY2017 | −$2,413,900,000 | WM |
| FY2016 | −$2,253,600,000 | WM |
| FY2015 | −$3,846,000,000 | WM |
| FY2014 | −$3,369,700,000 | WM |
| FY2013 | −$3,838,300,000 | WM |
| FY2012 | −$3,917,500,000 | WM |
| FY2011 | −$3,619,100,000 | WM |
| FY2010 | −$4,408,400,000 | WM |
| FY2009 | −$3,591,900,000 | WM |
| FY2008 | −$9,702,900,000 | WM |
| FY2007 | −$10,133,800,000 | WM |
WM has reported the higher revenue in every one of these 19 fiscal years. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.5 pp | RSG |
| FY2024 | −1.3 pp | WM |
| FY2023 | −1.1 pp | WM |
| FY2022 | −1.9 pp | WM |
| FY2021 | −0.4 pp | WM |
| FY2020 | −1.8 pp | WM |
| FY2019 | −2.0 pp | WM |
| FY2018 | −4.2 pp | WM |
| FY2017 | −2.9 pp | WM |
| FY2016 | −3.3 pp | WM |
| FY2015 | +2.4 pp | RSG |
| FY2014 | −4.4 pp | WM |
| FY2013 | +4.9 pp | RSG |
| FY2012 | −0.4 pp | WM |
| FY2011 | −1.5 pp | WM |
| FY2010 | −1.7 pp | WM |
| FY2009 | −2.9 pp | WM |
| FY2008 | −6.4 pp | WM |
| FY2007 | +0.1 pp | RSG |
The higher net margin has changed hands between RSG and WM over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WM's net margin has been more volatile than RSG's over the 19 comparable fiscal years — 2.8 percentage points of standard deviation against 2.4.
19 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 WM over these 19 fiscal years — RSG led in 4 and WM in 15.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WM's return on equity has been more volatile than RSG's over the 19 comparable fiscal years — 8.8 percentage points of standard deviation against 5.3.
19 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 WM over these 19 fiscal years — RSG led in 2 and WM in 17.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.