Q4 2025 Earnings

Revenue

$4.1B+2.2% YoY

Gross Profit

$1.2B30.1% margin

Operating Income

$807M19.5% margin

Net Income

$545M13.2% margin

EPS (Diluted)

$1.76

QoQ Revenue Growth

-1.8%

Operating Cash Flow

$981M

Free Cash Flow

$404M

Stock-Based Comp.

Total Assets

$34.4B

Total Liabilities

$22.4B

Stockholders' Equity

$12.0B

Cash & Equivalents

$76M

Metric	Current	Year Ago	Change
Revenue	$4.1B	$4.0B	+2.2%
Gross Profit	$1.2B	$1.3B	-1.1%
Operating Income	$807M	$812M	-0.6%
Net Income	$545M	$512M	+6.4%

Collection Service Line

$8.4B71%

Collection Service Line - Small-container

$1.3B11%

Collection Service Line - Large-container

$768M6%

Collection Service Line - Residential

$761M6%

Environmental Solutions Service Line

$435M4%

Other Service Line - Sale Of Recycled Commodities

$104M1%

Other Service Line - Other Non-core

$94M1%

Collection Service Line - Other

$18M0%