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Casella Waste Systems, Inc.(CWST)Earnings, Financials & Key Ratios
CWST•NASDAQ
$96.27
802.3× P/E·Price updated Jul 6, 2026
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%
CWST Price & Volume
Casella Waste Systems, Inc. (CWST) stock price & volume — 10-year historical chart
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Aggressive Acquisition Strategy Pressures Operating Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:Acquisition-driven margin dilution
Key Thesis Takeaways
- Casella Waste Systems is currently navigating a period of significant structural transition, characterized by rapid inorganic expansion that has pushed total assets to $3.3 billion while simultaneously compressing operating margins to 1.1% as of 2026Q1.
- While the company leverages its landfill scarcity moat in the Northeast, the persistent negative retained earnings of $130.7 billion and high capital intensity—evidenced by CapEx/Revenue ratios exceeding 13%—suggest that long-term shareholder value remains contingent on successful integration.
- Investors should monitor whether the company can transition from acquisition-led growth to sustainable operational leverage, as current earnings volatility and thin net margins may indicate underlying fragility in the business model.
Verdict Logic
Negative: The company's current P/E ratio of 786.25 appears difficult to justify given the persistent operational margin compression to 1.1% and the ongoing reliance on external financing for growth.
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
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.20+100.0%
$0.10
Rev
$457M+0.6%
$454M
Q1 2026
Feb 19, 2026Metric
Actual
Est
EPS
$0.30+36.4%
$0.22
Rev
$469M-0.4%
$471M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.42+25.9%
$0.33
Rev
$485M+1.8%
$477M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.36+16.1%
$0.31
Rev
$465M-1.2%
$471M
| 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 →
Latest CWST News
Recent stock market news and headlines for Casella Waste Systems, Inc. (CWST)
Zacks Investment Research·Jun 16, 2026
New Strong Sell Stocks for June 16thACRE, CWST and CCAP have been added to the Zacks Rank #5 (Strong Sell) List on June 16, 2026.
Peers Comparison
Key metrics vs top competitors for Casella Waste Systems, Inc. (CWST)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $96.27 | $6.03B | 802.25 | 17.95% | 0.43% | 0.5% | — | |
| $228.98 | $92.36B | 34.18 | 14.24% | 10.99% | 28.85% | — | |
| $214.58 | $66.02B | 31.33 | 3.49% | 12.99% | 18.12% | — | |
| $167.62 | $42.72B | 40.10 | 6.55% | 10.97% | 12.93% | — | |
| $73.38 | $1.12B | 51.68 | 16.33% | 1.52% | 1.36% | — | |
| $294.56 | $15.7B | 40.46 | 2.39% | 6.53% | 14.37% | — |
Compare CWST vs Peers
Casella Waste Systems, Inc. (CWST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CWST SEC Filings & Documents
Casella Waste Systems, Inc. (CWST) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 22, 2026·SEC
Material company update
Mar 10, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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CWST Frequently Asked Questions
Casella Waste Systems, Inc. (CWST) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Casella Waste Systems, Inc.'s revenue?
Casella Waste Systems, Inc. (CWST) reported $1.88B in revenue for fiscal year 2025. This represents a 2464% increase from $73.2M in 1997.
How fast is Casella Waste Systems, Inc. growing?
Casella Waste Systems, Inc. (CWST) grew revenue by 18.0% over the past year. This is strong growth.
Is CWST profitable?
Yes, Casella Waste Systems, Inc. (CWST) is profitable, generating $7.1M in net income for fiscal year 2025 (0.4% net margin).
Dividend & Returns
What is CWST's return on equity?
Casella Waste Systems, Inc. (CWST) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
What is Casella Waste Systems, Inc.'s free cash flow?
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.