Waste Management Reports Q3 Revenue of $6.4B, Up 14.3% Year-over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Source: Benzinga
- Revenue Growth: Waste Management's Q3 revenue reached approximately $6.4 billion, a 14.3% increase from $5.6 billion a year earlier, reflecting robust demand and effective cost optimization strategies in the waste management sector.
- Competitor Performance: Republic Services reported Q3 revenue of $4.2 billion, up 3.3% year-over-year, with adjusted earnings per share of $1.90 and an adjusted EBITDA margin of 32.8%, indicating strong profitability despite softer overall volumes.
- Market Outlook: Although management expects full-year 2025 revenue near the low end of its guidance range, they reaffirmed all other targets, showcasing confidence in margins and cash generation capabilities, suggesting a positive industry outlook.
- Analyst Ratings: Wall Street remains broadly constructive on both Waste Management and Republic Services, with price targets clustered in the mid-$230s to mid-$260s, indicating modest upside potential from current levels despite increased market volatility in the second half.
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Analyst Views on RSG
Wall Street analysts forecast RSG stock price to rise
18 Analyst Rating
10 Buy
8 Hold
0 Sell
Moderate Buy
Current: 220.870
Low
216.53
Averages
241.60
High
265.00
Current: 220.870
Low
216.53
Averages
241.60
High
265.00
About RSG
Republic Services, Inc. provides environmental services in the United States. It provides recycling, solid waste, special waste, hazardous waste and field services. Its segments include Group 1, Group 2 and Group 3. Group 1 is its recycling and waste business operating primarily in geographic areas located in the western United States. Group 2 is its recycling and waste business operating primarily in geographic areas located in the southeastern and mid-western United States, the eastern seaboard of the United States, and Canada. Group 3 is its environmental solutions business operating primarily in geographic areas located across the United States and Canada. It operates across the United States and Canada through 367 collection operations, 248 transfer stations, 75 recycling centers, 208 active landfills, two treatment, recovery and disposal facilities, 23 treatment, storage and disposal facilities, five saltwater disposal wells, 14 deep injection wells and one polymer center.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Comprehensive Evaluation Criteria: The 2026 rankings were based on a thorough survey of approximately 1,500 companies across nine criteria, including investment value and management quality, showcasing the company's competitiveness and ability to attract talent in the industry.
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