Casella Waste Systems, Inc. (CWST) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CWST Revenue Growth
Revenue Breakdown (FY 2025)
CWST's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CWST Revenue Analysis (2014–2025)
As of May 6, 2026, Casella Waste Systems, Inc. (CWST) generated trailing twelve-month (TTM) revenue of $1.88 billion, reflecting solid growth of +9.6% year-over-year. The most recent quarter (Q1 2026) recorded $457.3 million in revenue, down 2.5% sequentially.
Looking at the longer-term picture, CWST's 5-year compound annual growth rate (CAGR) stands at +18.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $1.84 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CWST's business is primarily driven by Collection (74%), Processing Services (9%), and Transfer (9%). With over half of revenue concentrated in Collection, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including WM (+10.9% YoY), RSG (+3.5% YoY), and WCN (+6.3% YoY), CWST has underperformed the peer group in terms of revenue growth. Compare CWST vs WM →
CWST Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CWSTCurrent | $1.9B | +9.6% | +18.9% | 4.9% | |
 WM | $25.2B | +10.9% | +10.6% | 18.3% | |
 RSG | $16.6B | +3.5% | +10.3% | 20.0% | |
 WCN | $9.5B | +6.3% | +11.8% | 18.1% | |
 USPH | $650M | -3.1% | +9.0% | 13.3% | |
 CLH | $6.0B | +2.9% | +13.9% | 11.2% |
CWST Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.84B | +18.0% | $313.4M | 17.1% | $89.2M | 4.9% |
| 2024 | $1.56B | +23.2% | $295.0M | 18.9% | $104.3M | 6.7% |
| 2023 | $1.26B | +16.5% | $261.8M | 20.7% | $106.0M | 8.4% |
| 2022 | $1.09B | +22.0% | $235.6M | 21.7% | $102.2M | 9.4% |
| 2021 | $889.2M | +14.8% | $203.2M | 22.9% | $84.4M | 9.5% |
| 2020 | $774.6M | +4.2% | $168.2M | 21.7% | $65.7M | 8.5% |
| 2019 | $743.3M | +12.5% | $154.8M | 20.8% | $58.5M | 7.9% |
| 2018 | $660.7M | +10.2% | $136.9M | 20.7% | $52.1M | 7.9% |
| 2017 | $599.3M | +6.1% | $132.0M | 22.0% | $52.8M | 8.8% |
| 2016 | $565.0M | +3.4% | $121.2M | 21.5% | $45.8M | 8.1% |
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Start ComparisonCWST — Frequently Asked Questions
Quick answers to the most common questions about buying CWST stock.
Is CWST's revenue growth accelerating or slowing?
CWST maintains +9.6% revenue growth, in line with its 5-year CAGR of +18.9%. TTM revenue stands at $1.9B. Growth rate remains consistent with historical average.
What is CWST's long-term revenue growth rate?
Casella Waste Systems, Inc.'s 5-year revenue CAGR of +18.9% reflects the sustained expansion pattern. Current YoY growth of +9.6% is near this long-term average.
How is CWST's revenue distributed by segment?
CWST reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.