Revenue Growth Driven by Pricing and Volume
Revenue grew 2.3% YoY to $4.70B in Q1 2026 from $4.59B in Q1 2025, consistent with RSG's strategy of leveraging pricing power in the essential waste management services industry to offset modest volume headwinds.
Operating Margin Expansion
Operating margin improved slightly to 17.66% from 17.50% YoY, with operating income rising 3.2% to $830M, as SG&A expenses declined 0.5% to $425M, demonstrating effective overhead cost control even as cost of revenue grew 2.2%.
Strong Operating Cash Flow Generation
Operating cash flow surged 19.7% YoY to $1.23B from $1.03B, significantly outpacing net income growth of 6.1%, reflecting strong cash conversion and higher D&A of $461M (up 6.2% YoY) as a non-cash add-back.