Casella Waste Systems, Inc.(CWST)Earnings, Financials & Key Ratios

CWST•NASDAQ

$84.58

$5.3B mkt cap·704.8× P/E·Price updated May 6, 2026

SectorIndustrials IndustryWaste Management Sub-IndustrySolid Waste Collection and Disposal

AboutCasella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers. The company provides a range of non-hazardous solid waste services, including collections, transfer stations, and disposal facilities. It also markets recyclable metals, aluminum, plastics, and paper and corrugated cardboard that are processed at its facilities, as well as recyclables purchased from third parties. In addition, the company is involved in commodity brokerage operations. As of January 31, 2022, it owned and/or operated 50 solid waste collection operations, 65 transfer stations, 23 recycling facilities, 8 Subtitle D landfills, 3 landfill gas-to-energy facilities, and 1 landfill permitted to accept construction and demolition materials. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.Show more

Revenue$1.84B+18.0%
EBITDA$411M+17.1%
Net Income$8M-41.9%
EPS (Diluted)0.12-47.8%
Gross Margin17.06%-9.9%
EBITDA Margin22.36%-0.7%
Operating Margin4.86%-27.5%
Net Margin0.43%-50.7%
ROE0.5%-52.0%
ROIC2.64%-27.4%
Debt/Equity0.79+1.4%
Interest Coverage1.22-12.1%

Technical→

CWST Key Insights

Casella Waste Systems, Inc. (CWST) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 18.9%

✗Weaknesses

✗Weak 3Y average ROE of 1.6%
✗Profits declining 38.7% over 5 years
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CWST Price & Volume

Casella Waste Systems, Inc. (CWST) stock price & volume — 10-year historical chart

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CWST Growth Metrics

Casella Waste Systems, Inc. (CWST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.89%

5 Years18.85%

3 Years19.18%

TTM14.92%

Profit CAGR

10 Years-

5 Years-38.72%

3 Years-47.07%

TTM-44.39%

EPS CAGR

10 Years-

5 Years-42.2%

3 Years-51.16%

TTM-48.88%

Return on Capital

10 Years7.16%

5 Years5.81%

3 Years4.29%

Last Year2.91%

CWST Recent Earnings

Casella Waste Systems, Inc. (CWST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)

Q2 2026Latest

Apr 30, 2026

EPS

$0.20

Est $0.10

+100.0%

Revenue

$457M

Est $454M

+0.6%

Q1 2026

Feb 19, 2026

EPS

$0.30

Est $0.22

+36.4%

Revenue

$469M

Est $471M

-0.4%

Q4 2025

Oct 30, 2025

EPS

$0.42

Est $0.33

+25.9%

Revenue

$485M

Est $477M

+1.8%

Q3 2025

Jul 31, 2025

EPS

$0.36

Est $0.31

+16.1%

Revenue

$465M

Est $471M

-1.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$0.20vs $0.10+100.0%	$457Mvs $454M+0.6%
Q1 2026	Feb 19, 2026	$0.30vs $0.22+36.4%	$469Mvs $471M-0.4%
Q4 2025	Oct 30, 2025	$0.42vs $0.33+25.9%	$485Mvs $477M+1.8%
Q3 2025	Jul 31, 2025	$0.36vs $0.31+16.1%	$465Mvs $471M-1.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
WMWaste Management, Inc.Direct Competitor	88.94B	220.52	32.91	14.24%	10.99%	28.85%	2.29
RSGRepublic Services, Inc.Direct Competitor	61.82B	199.69	29.15	3.49%	12.9%	17.88%	0.05
WCNWaste Connections, Inc.Direct Competitor	39.11B	153.48	36.72	6.55%	10.97%	12.93%	1.14
USPHU.S. Physical Therapy, Inc.Product Competitor	1.12B	73.61	51.84	16.33%	1.52%	1.36%	0.55
CLHClean Harbors, Inc.Product Competitor	15.35B	288.01	39.56	2.39%	6.53%	14.37%	1.26
CATCaterpillar Inc.Supply Chain	431.16B	926.64	49.21	4.29%	13.31%	47.51%	2.03
PCARPACCAR IncSupply Chain	61.31B	116.51	25.83	-15.5%	9.09%	17.2%
CMICummins Inc.Supply Chain	98.89B	715.76	34.92	-1.27%	7.89%	20.27%	0.61

Compare CWST vs Peers

Casella Waste Systems, Inc. (CWST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WM

Most directly comparable listed peer for CWST.

Scale Benchmark

vs CAT

Larger-name benchmark to compare CWST against a more recognizable public peer.

Peer Set

Compare Top 5

vs WM, RSG, WCN, USPH

CWST Income Statement

Casella Waste Systems, Inc. (CWST) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	599.31M	660.66M	743.29M	774.58M	889.21M	1.09B	1.26B	1.56B	1.84B	1.88B
Revenue Growth %	6.07%	10.24%	12.51%	4.21%	14.8%	22.03%	16.54%	23.15%	17.95%	14.92%
Cost of Goods Sold	467.29M	523.8M	588.45M	606.43M	685.99M	849.47M	1B	1.26B	1.52B	1.09B
COGS % of Revenue	77.97%	79.28%	79.17%	78.29%	77.15%	78.29%	79.3%	81.05%	82.94%	-
Gross Profit	132.02M▲ 0%	136.86M▲ 3.7%	154.84M▲ 13.1%	168.16M▲ 8.6%	203.22M▲ 20.9%	235.62M▲ 15.9%	261.8M▲ 11.1%	295.04M▲ 12.7%	313.4M▲ 6.2%	327.03M▲ 0%
Gross Margin %	22.03%	20.72%	20.83%	21.71%	22.85%	21.71%	20.7%	18.95%	17.06%	17.42%
Gross Profit Growth %	8.93%	3.67%	13.14%	8.6%	20.85%	15.94%	11.11%	12.7%	6.22%	-
Operating Expenses	79.24M	84.79M	96.37M	102.41M	118.83M	133.42M	155.85M	190.75M	224.22M	246.56M
OpEx % of Revenue	13.22%	12.83%	12.97%	13.22%	13.36%	12.3%	12.32%	12.25%	12.21%	-
Selling, General & Admin	78.95M	84.79M	92.78M	102.41M	118.83M	133.42M	155.85M	190.75M	0	111.72M
SG&A % of Revenue	13.17%	12.83%	12.48%	13.22%	13.36%	12.3%	12.32%	12.25%	-	-
Research & Development	0	311K	0	0	0	0	0	0	0	0
R&D % of Revenue	-	0.05%	-	-	-	-	-	-	-	-
Other Operating Expenses	290K	0	3.59M	0	0	0	0	0	224.22M	2M
Operating Income	52.78M▲ 0%	52.07M▼ 1.3%	58.47M▲ 12.3%	65.75M▲ 12.4%	84.38M▲ 28.3%	102.2M▲ 21.1%	105.95M▲ 3.7%	104.29M▼ 1.6%	89.18M▼ 14.5%	85.33M▲ 0%
Operating Margin %	8.81%	7.88%	7.87%	8.49%	9.49%	9.42%	8.38%	6.7%	4.86%	4.55%
Operating Income Growth %	15.12%	-1.34%	12.29%	12.44%	28.35%	21.12%	3.67%	-1.57%	-14.48%	-
EBITDA	129.01M	138.01M	154.8M	163.62M	209.13M	250.37M	301.86M	350.79M	410.74M	413.81M
EBITDA Margin %	21.53%	20.89%	20.83%	21.12%	23.52%	23.07%	23.87%	22.53%	22.36%	22.05%
EBITDA Growth %	6.18%	6.98%	12.16%	5.7%	27.81%	19.72%	20.57%	16.21%	17.09%	13.11%
D&A (Non-Cash Add-back)	76.23M	85.94M	96.33M	97.87M	124.74M	148.16M	195.91M	246.51M	321.55M	328.49M
EBIT	-11.47M	32.69M	54.33M	56.99M	84.04M	100.13M	78.26M	75.02M	72.05M	67.22M
Net Interest Income	-25.31M	-26.38M	-24.18M	-18.39M	-25.69M	-24.46M	-30.48M	-43.54M	-49.05M	-39.47M
Interest Income	273K	273K	367K	303K	302K	709K	10.74M	10.43M	9.95M	6.57M
Interest Expense	25.58M	26.66M	24.55M	18.69M	25.99M	25.16M	41.22M	53.97M	59M	60.03M
Other Income/Expense	-89.83M	-46.03M	-28.69M	-27.44M	-26.34M	-27.24M	-68.91M	-83.24M	-76.13M	-72.97M
Pretax Income	-37.05M▲ 0%	6.04M▲ 116.3%	29.78M▲ 393.4%	38.3M▲ 28.6%	58.05M▲ 51.5%	74.97M▲ 29.1%	37.05M▼ 50.6%	21.05M▼ 43.2%	13.05M▼ 38.0%	12.36M▲ 0%
Pretax Margin %	-6.18%	0.91%	4.01%	4.94%	6.53%	6.91%	2.93%	1.35%	0.71%	0.66%
Income Tax	-15.25M	-384K	-1.87M	-52.8M	16.95M	21.89M	11.65M	7.51M	5.18M	5.22M
Effective Tax Rate %	41.17%	-6.36%	-6.29%	-137.86%	29.19%	29.2%	31.44%	35.69%	39.7%	42.23%
Net Income	-21.8M▲ 0%	6.42M▲ 129.5%	31.65M▲ 393.0%	91.11M▲ 187.8%	41.1M▼ 54.9%	53.08M▲ 29.1%	25.4M▼ 52.1%	13.54M▼ 46.7%	7.87M▼ 41.9%	7.14M▲ 0%
Net Margin %	-3.64%	0.97%	4.26%	11.76%	4.62%	4.89%	2.01%	0.87%	0.43%	0.38%
Net Income Growth %	-218.28%	129.45%	393.04%	187.83%	-54.89%	29.15%	-52.15%	-46.71%	-41.85%	-44.39%
Net Income (Continuing)	-21.8M	6.42M	31.65M	91.11M	41.1M	53.08M	25.4M	13.54M	7.87M	7.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-0.52▲ 0%	0.15▲ 128.8%	0.66▲ 340.0%	1.86▲ 181.8%	0.80▼ 57.0%	1.03▲ 28.7%	0.46▼ 55.3%	0.23▼ 50.0%	0.12▼ 47.8%	0.11▲ 0%
EPS Growth %	-205.88%	128.85%	340%	181.82%	-56.99%	28.75%	-55.34%	-50%	-47.83%	-48.88%
EPS (Basic)	-0.52	0.15	0.67	1.87	0.80	1.03	0.46	0.23	0.12	-
Diluted Shares Outstanding	41.85M	44.17M	47.97M	49.05M	51.52M	51.77M	55.27M	59.58M	63.56M	63.54M
Basic Shares Outstanding	41.85M	42.69M	47.23M	48.79M	51.31M	51.62M	55.17M	59.58M	63.46M	63.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

CWST Balance Sheet

Casella Waste Systems, Inc. (CWST) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	84.38M	97.09M	102.81M	247.25M	146.48M	207.48M	426.32M	613.3M	369.28M	359.7M
Cash & Short-Term Investments	2M	4.01M	3.47M	154.34M	33.81M	71.15M	220.91M	383.3M	123.77M	126.9M
Cash Only	2M	4.01M	3.47M	154.34M	33.81M	71.15M	220.91M	383.3M	123.77M	126.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	66.47M	77.19M	81.46M	74.43M	86.98M	100.89M	160.41M	175.2M	178.07M	175.4M
Days Sales Outstanding	40.49	42.65	40	35.07	35.7	33.94	46.3	41.06	35.38	36.07
Inventory	6.53M	6.54M	7.68M	7.87M	9.73M	13.47M	17.86M	21.54M	24.36M	0
Days Inventory Outstanding	5.1	4.56	4.76	4.74	5.18	5.79	6.5	6.23	5.84	5.99
Other Current Assets	1.08M	2.01M	1.21M	1.33M	3.2M	6.79M	9.92M	10.21M	13.15M	57.4M
Total Non-Current Assets	530.57M	635.32M	829.37M	946.64M	1.14B	1.24B	2.11B	2.71B	3.04B	2.91B
Property, Plant & Equipment	361.55M	404.58M	551.85M	605.82M	738.4M	812.61M	1.08B	1.26B	1.39B	1.41B
Fixed Asset Turnover	1.66x	1.63x	1.35x	1.28x	1.20x	1.34x	1.17x	1.23x	1.32x	1.36x
Goodwill	122.61M	162.73M	185.82M	194.9M	232.86M	274.46M	735.67M	1B	1.12B	1.19B
Intangible Assets	8.15M	34.77M	58.72M	58.32M	93.72M	91.78M	241.43M	313.47M	290.86M	272.48M
Long-Term Investments	13.55M	12.99M	12.85M	13.11M	13.81M	20.33M	17.58M	17.5M	108.07M	134.56M
Other Non-Current Assets	13.15M	10.65M	11.55M	13.32M	14.35M	19.65M	21.84M	20.66M	20.41M	101.41M
Total Assets	614.95M▲ 0%	732.41M▲ 19.1%	932.18M▲ 27.3%	1.19B▲ 28.1%	1.28B▲ 7.5%	1.45B▲ 12.9%	2.54B▲ 75.0%	3.33B▲ 31.2%	3.41B▲ 2.6%	3.27B▲ 0%
Asset Turnover	0.97x	0.90x	0.80x	0.65x	0.69x	0.75x	0.50x	0.47x	0.54x	0.57x
Asset Growth %	-2.62%	19.1%	27.28%	28.08%	7.51%	12.9%	74.95%	31.21%	2.57%	39.43%
Total Current Liabilities	88.57M	111.5M	130.59M	131.21M	152.19M	177.6M	278.86M	307.32M	293.9M	259.99M
Accounts Payable	47.08M	57.29M	64.4M	49.2M	63.09M	74.2M	116.79M	111.09M	102.47M	89.97M
Days Payables Outstanding	36.77	39.92	39.94	29.61	33.57	31.88	42.51	32.12	24.55	35.26
Short-Term Debt	4.93M	2.3M	13.66M	17.79M	17.21M	15.97M	35.78M	52.91M	37.69M	36.33M
Deferred Revenue (Current)	0	0	2.3M	2.69M	3.4M	3.74M	31.47M	50.69M	45.15M	137.82M
Other Current Liabilities	24.38M	40.94M	35.86M	35.71M	46.28M	53.13M	63.12M	60.01M	72.28M	133.69M
Current Ratio	0.95x	0.87x	0.79x	1.88x	0.96x	1.17x	1.53x	2.00x	1.26x	1.26x
Quick Ratio	0.88x	0.81x	0.73x	1.82x	0.90x	1.09x	1.46x	1.93x	1.17x	1.17x
Cash Conversion Cycle	8.81	7.28	4.82	10.2	7.31	7.84	10.29	15.17	16.67	6.81
Total Non-Current Liabilities	564.24M	636.75M	678.84M	700.55M	708.93M	773.72M	1.23B	1.47B	1.55B	1.44B
Long-Term Debt	477.58M	542M	494.8M	504.53M	505.02M	545.36M	967.03M	1.04B	1.05B	73.7M
Capital Lease Obligations	0	0	84.93M	86.86M	93.86M	97M	106.71M	114.16M	154.25M	308.16M
Deferred Tax Liabilities	2.31M	2.52M	2.64M	912K	868K	437K	627K	115.77M	127.74M	16.87B
Other Non-Current Liabilities	84.36M	92.22M	96.47M	108.25M	109.18M	130.92M	160.46M	197.74M	220.31M	2.01B
Total Liabilities	652.81M	748.24M	809.43M	831.76M	861.12M	951.32M	1.51B	1.78B	1.84B	1.7B
Total Debt	482.5M	544.3M	593.39M	617.72M	616.09M	665.33M	1.12B	1.21B	1.24B	110.03M
Net Debt	480.51M	540.29M	589.92M	463.38M	582.28M	594.18M	897.64M	824.69M	1.12B	-16.88M
Debt / Equity	-	-	4.83x	1.71x	1.46x	1.34x	1.09x	0.78x	0.79x	0.79x
Debt / EBITDA	3.74x	3.94x	3.83x	3.78x	2.95x	2.66x	3.71x	3.44x	3.02x	0.27x
Net Debt / EBITDA	3.72x	3.91x	3.81x	2.83x	2.78x	2.37x	2.97x	2.35x	2.72x	2.72x
Interest Coverage	-0.45x	1.23x	2.21x	3.05x	3.23x	3.98x	1.90x	1.39x	1.22x	1.12x
Total Equity	-37.86M▲ 0%	-15.83M▲ 58.2%	122.75M▲ 875.3%	362.14M▲ 195.0%	422.46M▲ 16.7%	497.9M▲ 17.9%	1.02B▲ 105.2%	1.55B▲ 51.8%	1.57B▲ 1.2%	1.57B▲ 0%
Equity Growth %	-54.22%	58.18%	875.35%	195.02%	16.66%	17.86%	105.22%	51.78%	1.15%	54.67%
Book Value per Share	-0.90	-0.36	2.56	7.38	8.20	9.62	18.49	26.03	24.68	24.68
Total Shareholders' Equity	-37.86M	-15.83M	122.75M	362.14M	422.46M	497.9M	1.02B	1.55B	1.57B	1.57B
Common Stock	423K	429K	478K	511K	514K	517K	580K	634K	635K	636M
Retained Earnings	-395.11M	-388.67M	-357.02M	-266.1M	-225M	-171.92M	-146.52M	-132.99M	-125.11M	-130.65B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	184K	-1.31M	-6.04M	-11.52M	-5.1M	7.54M	-1.08M	3.31M	-3.96M	-1.7B
Minority Interest	0	0	0	0	0	0	0	0	0	0

CWST Cash Flow Statement

Casella Waste Systems, Inc. (CWST) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	107.54M	120.83M	116.83M	139.92M	182.74M	217.31M	233.09M	281.36M	329.78M	329.78M
Operating CF Margin %	17.94%	18.29%	15.72%	18.06%	20.55%	20.03%	18.43%	18.07%	17.95%	-
Operating CF Growth %	33.7%	12.36%	-3.31%	19.77%	30.6%	18.92%	7.26%	20.71%	17.21%	38.25%
Net Income	-21.8M	6.42M	31.65M	91.11M	41.1M	53.08M	25.4M	13.54M	7.87M	7.14M
Depreciation & Amortization	76.23M	85.94M	96.33M	97.87M	124.74M	148.16M	195.91M	246.51M	321.55M	313.23M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	14.51M
Deferred Taxes	-15.53M	1.25M	-1.24M	-52.29M	15.07M	16.53M	7.39M	6.89M	3.26M	3.36M
Other Non-Cash Items	73.22M	32.56M	18.7M	28.4M	14.89M	10.79M	23.97M	45.02M	41.33M	-26.51M
Working Capital Changes	-4.58M	-5.34M	-28.61M	-25.17M	-13.07M	-11.25M	-19.57M	-30.6M	-44.24M	30.17M
Change in Receivables	-4.66M	-5.83M	-5.46M	5.82M	-7.42M	-7.1M	-39.44M	1.25M	-3.6M	9.11M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	2.08M	9.09M	6.76M	-15.23M	13.89M	11.07M	41.59M	-13.63M	-8.56M	-2.35M
Cash from Investing	-76.45M	-164.2M	-177.46M	-140.03M	-293.15M	-206.92M	-1.01B	-670.61M	-469.15M	-454.51M
Capital Expenditures	-72.1M	-80.65M	-103.17M	-108.11M	-123.3M	-130.96M	-154.91M	-203.51M	-245.07M	-240.25M
CapEx % of Revenue	12.03%	12.21%	13.88%	13.96%	13.87%	12.07%	12.25%	13.07%	13.34%	-
Acquisitions	-4.34M	-88.05M	-74.63M	-31.92M	-169.86M	-77.6M	-850.73M	-467.25M	-224.21M	-215.2M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	4.5M	332K	0	0	0	0	146K	137K	942K
Cash from Financing	-31.64M	45.38M	60.1M	150.98M	-10.12M	26.95M	922.3M	551.64M	-27.07M	-30.39M
Debt Issued (Net)	-32.92M	44.9M	-46.32M	6.09M	-10.29M	27.76M	425.98M	56.45M	-27.07M	-22.36M
Equity Issued (Net)	1.28M	471K	106.42M	144.89M	172K	192K	496.32M	496.59M	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	0	0	0	0	0	-1M	0	-1.4M	0	-8.03M
Net Change in Cash	-549K▲ 0%	2.01M▲ 466.5%	-536K▼ 126.6%	150.87M▲ 28247.6%	-120.53M▼ 179.9%	37.34M▲ 131.0%	149.76M▲ 301.0%	162.39M▲ 8.4%	-259.53M▼ 259.8%	-233.89M▲ 0%
Free Cash Flow	35.44M▲ 0%	40.19M▲ 13.4%	13.66M▼ 66.0%	31.81M▲ 132.8%	59.44M▲ 86.8%	86.35M▲ 45.3%	78.19M▼ 9.5%	78.13M▼ 0.1%	84.7M▲ 8.4%	102.33M▲ 0%
FCF Margin %	5.91%	6.08%	1.84%	4.11%	6.68%	7.96%	6.18%	5.02%	4.61%	5.45%
FCF Growth %	87.03%	13.41%	-66%	132.83%	86.84%	45.27%	-9.46%	-0.07%	8.42%	7.32%
FCF per Share	0.85	0.91	0.28	0.65	1.15	1.67	1.41	1.31	1.33	1.33
FCF Conversion (FCF/Net Income)	-4.93x	18.82x	3.69x	1.54x	4.45x	4.09x	9.18x	20.79x	41.90x	14.33x
Interest Paid	0	0	0	0	19.02M	21M	43.59M	61.22M	0	15.49M
Taxes Paid	0	0	0	0	1.44M	2.8M	10.11M	6.78M	0	-588K

CWST Key Ratios

Casella Waste Systems, Inc. (CWST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	-	-	59.21%	37.58%	10.48%	11.53%	3.34%	1.05%	0.5%	0.46%
Return on Invested Capital (ROIC)	8.57%	8.08%	7.09%	6.41%	6.92%	7.31%	5.28%	3.64%	2.64%	2.64%
Gross Margin	22.03%	20.72%	20.83%	21.71%	22.85%	21.71%	20.7%	18.95%	17.06%	17.42%
Net Margin	-3.64%	0.97%	4.26%	11.76%	4.62%	4.89%	2.01%	0.87%	0.43%	0.38%
Debt / Equity	-	-	4.83x	1.71x	1.46x	1.34x	1.09x	0.78x	0.79x	0.79x
Interest Coverage	-0.45x	1.23x	2.21x	3.05x	3.23x	3.98x	1.90x	1.39x	1.22x	1.12x
FCF Conversion	-4.93x	18.82x	3.69x	1.54x	4.45x	4.09x	9.18x	20.79x	41.90x	14.33x
Revenue Growth	6.07%	10.24%	12.51%	4.21%	14.8%	22.03%	16.54%	23.15%	17.95%	14.92%

CWST SEC Filings & Documents

Casella Waste Systems, Inc. (CWST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Apr 22, 2026·SEC

Material company update

Mar 10, 2026·SEC

10-K Annual Reports

FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 1, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

Jul 31, 2025·SEC

CWST Frequently Asked Questions

Casella Waste Systems, Inc. (CWST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Casella Waste Systems, Inc. (CWST) reported $1.88B in revenue for fiscal year 2025. This represents a 2464% increase from $73.2M in 1997.

Casella Waste Systems, Inc. (CWST) grew revenue by 18.0% over the past year. This is strong growth.

Yes, Casella Waste Systems, Inc. (CWST) is profitable, generating $7.1M in net income for fiscal year 2025 (0.4% net margin).

Dividend & Returns

Casella Waste Systems, Inc. (CWST) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

Casella Waste Systems, Inc. (CWST) generated $102.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Casella Waste Systems, Inc.(CWST)Earnings, Financials & Key Ratios

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