Q2 2025 Earnings

Revenue

$4.2B+4.6% YoY

Gross Profit

$1.3B30.6% margin

Operating Income

$870M20.5% margin

Net Income

$550M13.0% margin

EPS (Diluted)

$1.75

QoQ Revenue Growth

+5.6%

Operating Cash Flow

$1.1B

Free Cash Flow

$702M

Stock-Based Comp.

$10M

Total Assets

$33.4B

Total Liabilities

$21.3B

Stockholders' Equity

$12.1B

Cash & Equivalents

$122M

Metric	Current	Year Ago	Change
Revenue	$4.2B	$4.0B	+4.6%
Gross Profit	$1.3B	$1.2B	+5.7%
Operating Income	$870M	$818M	+6.3%
Net Income	$550M	$512M	+7.5%

Collection Service Line - Small-container

$1.3B36%

Collection Service Line - Large-container

$794M23%

Collection Service Line - Residential

$752M21%

Environmental Solutions Service Line

$478M14%

Other Service Line - Sale Of Recycled Commodities

$114M3%

Other Service Line - Other Non-core

$100M3%

Collection Service Line - Other

$17M0%