CWST

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Casella Waste Systems, Inc.

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Key Metrics

Previous Close: $92.85
52-Week Range: $74.05 – $107.96
Market Cap: $5.92B
P/E (TTM): 1163.13
EPS (TTM): 0.08
Dividend Yield: —

Advanced Metrics

Price/Book: 3.75
PEG Ratio: 3.29
Return on Equity: 0.36%
Return on Assets: 1.73%
Gross Margin: 33.42%
Operating Margin: 4.99%
Profit Margin: 0.29%
Current Ratio: 0.99
Debt/Equity: 0.92
Total Debt: $1.45B
Free Cash Flow: $121.70M
Revenue Growth: 16.90%
Earnings Growth: -25.90%
Enterprise Value: $7.35B

CWST Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.09B	$1.26B	$1.56B	$1.84B
Cost of Revenue	$723.12M	$832.04M	$1.03B	$1.22B
Gross Profit	$361.97M	$432.50M	$529.95M	$620.24M
Selling, General & Admin	$133.42M	$155.85M	$190.75M	$224.22M
Operating Expenses	$260.53M	$330.42M	$423.92M	$531.05M
Operating Income	$101.44M	$102.08M	$106.03M	$89.18M
EBITDA	$225.04M	$252.37M	$315.41M	$379.41M
Pretax Income	$74.97M	$37.05M	$21.05M	$13.05M
Income Tax	$21.89M	$11.65M	$7.51M	$5.18M
Net Income	$53.08M	$25.40M	$13.54M	$7.87M
Diluted EPS	1.03	0.46	0.23	0.12
Diluted Shares	51.77M	55.27M	59.68M	63.56M

CWST Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$71.15M	$220.91M	$383.30M	$123.77M
Receivables	$100.89M	$160.41M	$165.92M	$178.07M
Inventory	$13.47M	$17.86M	$21.54M	$24.36M
Current Assets	$207.48M	$426.32M	$613.30M	$369.28M
Total Assets	$1.45B	$2.54B	$3.23B	$3.30B
Current Liabilities	$177.60M	$278.86M	$307.32M	$293.90M
Long-Term Debt	$585.01M	$1.01B	$1.09B	$1.13B
Total Debt	$658.33M	$1.12B	$1.21B	$1.24B
Total Liabilities	$951.32M	$1.51B	$1.68B	$1.73B
Retained Earnings	-$171.92M	-$146.52M	-$132.99M	-$125.11M
Shareholders' Equity	$497.90M	$1.02B	$1.55B	$1.57B
Working Capital	$29.88M	$147.47M	$305.99M	$75.38M
Net Debt	$522.83M	$822.53M	$749.95M	$1.03B

CWST Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$217.31M	$233.09M	$281.36M	$329.78M
Capital Expenditure	-$130.96M	-$154.91M	-$203.51M	-$245.74M
Free Cash Flow	$86.35M	$78.19M	$77.85M	$84.03M
Depreciation & Amortisation	$126.35M	$170.71M	$234.91M	$306.83M
Stock-Based Compensation	$8.15M	$9.08M	$12.19M	$14.22M
Investing Cash Flow	-$206.92M	-$1.01B	-$670.61M	-$469.15M
Financing Cash Flow	$26.95M	$922.30M	$551.64M	-$27.07M
Net Change in Cash	$37.34M	$149.76M	$162.39M	-$166.44M

CWST Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$417.10M	$465.33M	$485.35M	$469.06M	$457.33M
Cost of Revenue	$280.50M	$308.10M	$315.30M	$312.81M	$308.90M
Gross Profit	$136.60M	$157.23M	$170.05M	$156.25M	$148.43M
Selling, General & Admin	$56.60M	$54.10M	$57.20M	$56.32M	$57.00M
Operating Expenses	$128.00M	$131.50M	$136.10M	$135.45M	$136.10M
Operating Income	$8.60M	$25.73M	$33.95M	$20.80M	$12.33M
EBITDA	$78.34M	$99.56M	$110.66M	$90.88M	$84.50M
Pretax Income	-$8.13M	$6.89M	$15.89M	-$1.59M	-$8.82M
Income Tax	-$3.33M	$1.68M	$5.91M	$921.00K	-$3.29M
Net Income	-$4.81M	$5.21M	$9.98M	-$2.51M	-$5.54M
Diluted EPS	-0.08	0.08	0.16	-0.04	-0.09
Diluted Shares	63.39M	63.56M	63.59M	63.49M	63.54M

CWST Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$267.71M	$217.77M	$192.65M	$123.77M	$126.90M
Receivables	$174.85M	$189.83M	$198.78M	$178.07M	$175.40M
Inventory	$22.70M	$23.28M	$24.14M	$24.36M	—
Current Assets	$491.70M	$464.52M	$448.00M	$369.28M	$359.70M
Total Assets	$3.21B	$3.26B	$3.29B	$3.30B	$3.27B
Current Liabilities	$251.39M	$273.42M	$296.50M	$293.90M	$259.99M
Long-Term Debt	$1.12B	$1.12B	$1.12B	$1.13B	$1.13B
Total Debt	$1.22B	$1.23B	$1.23B	$1.24B	$1.24B
Total Liabilities	$1.66B	$1.70B	$1.72B	$1.73B	$1.70B
Retained Earnings	-$137.79M	-$132.59M	-$122.60M	-$125.11M	-$130.65M
Shareholders' Equity	$1.55B	$1.55B	$1.57B	$1.57B	$1.57B
Working Capital	$240.31M	$191.11M	$151.50M	$75.38M	$99.71M
Net Debt	$868.67M	$925.70M	$954.15M	$1.03B	$1.02B

CWST Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$50.12M	$89.53M	$93.56M	$96.56M	$62.25M
Capital Expenditure	-$55.48M	-$66.40M	-$65.92M	-$57.94M	-$49.98M
Free Cash Flow	-$5.35M	$23.12M	$27.64M	$38.62M	$12.27M
Depreciation & Amortisation	$71.49M	$77.01M	$78.83M	$79.51M	$77.98M
Stock-Based Compensation	$4.91M	$2.87M	$3.87M	$2.57M	$2.87M
Investing Cash Flow	-$158.82M	-$137.57M	-$108.33M	-$64.42M	-$144.18M
Financing Cash Flow	-$4.71M	-$4.08M	-$10.35M	-$7.93M	-$8.03M
Net Change in Cash	-$113.40M	-$52.13M	-$25.12M	$24.21M	-$89.96M

Market Snapshot

About

Casella Waste Systems, Inc. is a regional solid waste, recycling, and resource management services company operating in the northeastern United States. The company provides collection, transfer, disposal, and recycling services to residential, commercial, municipal, and industrial customers. Casella operates landfills, transfer stations, recycling facilities, and collection operations across Vermont, New Hampshire, New York, Massachusetts, Maine, and Pennsylvania. The company has been expanding its recycling and resource recovery capabilities as part of its sustainability-focused business strategy.