Casella Waste Systems
CWST
83.72
+1.66
+2.02%
Casella Waste Systems
US · CWST
#2078 by market cap
Listed 1970
83.72
+1.66
+2.02%
Live - 5344 symbols - heartbeat 459s ago
· 2026-10-08 04:01
Pre-market
82.73
-1.18%
After-hours
83.72
0.00%
- Market cap
- 5.33B
- P/E (TTM)i
- 1,046.50
- P/Bi
- 3.37
- EPSi
- 0.12
- Div yieldi
- 0.00%
- 52W posi
- 29%
Reader sentiment
Are you bullish or bearish on CWST?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.46, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +17.95% YoY
Margins
- Gross margin
- 33.77%
- Operating margin
- 4.86%
- Net margin
- 0.43%
Key ratios & quality
- Enterprise valuei
- 6.37B
- Altman Z-Scorei
- 2.46
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 660.66M | 743.29M | 774.58M | 889.21M | 1.09B | 1.26B | 1.56B | 1.84B |
| Gross profit | 207.37M | 234.63M | 258.94M | 306.81M | 361.97M | 432.50M | 529.95M | 620.24M |
| Selling & admin expenses | 84.79M | 92.78M | 102.41M | 119.41M | 133.42M | 155.85M | 190.75M | 224.22M |
| Research & development | 311.00K | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 51.76M | 62.06M | 65.73M | 82.89M | 101.44M | 102.08M | 106.03M | 89.18M |
| Pretax profit | 6.04M | 29.78M | 38.30M | 58.05M | 74.97M | 37.05M | 21.05M | 13.05M |
| Tax | -384.00K | -1.87M | -52.80M | 16.95M | 21.89M | 11.65M | 7.51M | 5.18M |
| Net profit | 6.42M | 31.65M | 91.11M | 41.10M | 53.08M | 25.40M | 13.54M | 7.87M |
| Basic EPS | 0 | 1 | 2 | 1 | 1 | 0 | 0 | 0 |
| Diluted EPS | 0.15 | 0.66 | 1.86 | 0.80 | 1.03 | 0.46 | 0.23 | 0.12 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 417.10M | 465.33M | 485.35M | 469.06M | 457.33M | 543.75M |
| Gross profit | 136.60M | 157.23M | 170.05M | 156.25M | 148.43M | 178.85M |
| Selling & admin expenses | 56.60M | 54.10M | 57.20M | 56.32M | 57.00M | 62.30M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 8.60M | 25.73M | 33.95M | 20.80M | 12.33M | 27.15M |
| Pretax profit | -8.14M | 6.89M | 15.89M | -1.59M | -8.82M | 3.37M |
| Tax | -3.33M | 1.68M | 5.91M | 921.00K | -3.29M | -405.00K |
| Net profit | -4.81M | 5.21M | 9.98M | -2.51M | -5.54M | 3.77M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.08 | 0.08 | 0.16 | -0.04 | -0.09 | 0.06 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 97.09M | 102.81M | 247.25M | 146.48M | 207.48M | 426.33M | 613.31M | 369.28M |
| Cash & ST investments | 4.01M | 3.47M | 154.34M | 33.81M | 71.15M | 220.91M | 383.30M | 123.77M |
| Inventory | 6.54M | 7.68M | 7.87M | 9.73M | 13.47M | 17.86M | 21.54M | 24.36M |
| Total assets | 732.41M | 932.18M | 1.19B | 1.28B | 1.45B | 2.54B | 3.23B | 3.30B |
| Total current liabilities | 111.50M | 130.59M | 131.21M | 152.19M | 177.60M | 278.86M | 307.32M | 293.90M |
| Short-term debt | 2.30M | 13.66M | 17.79M | 17.21M | 15.97M | 44.82M | 52.91M | 37.69M |
| Long-term debt | 542.00M | 509.02M | 530.41M | 542.50M | 585.02M | 1.01B | 1.09B | 1.13B |
| Total liabilities | 748,242,000.00 | 809,429,000.00 | 831,756,000.00 | 861,123,000.00 | 951,315,000.00 | 1,513,679,000.00 | 1,679,229,000.00 | 1,734,617,000.00 |
| Total equity | -15.83M | 122.75M | 362.14M | 422.46M | 497.90M | 1.02B | 1.55B | 1.57B |
| Retained earnings | -388.67M | -357.02M | -266.10M | -225.00M | -171.92M | -146.52M | -132.99M | -125.11M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 491.70M | 464.53M | 448.01M | 369.28M | 359.70M | 314.59M |
| Cash & ST investments | 267.71M | 217.77M | 192.65M | 123.77M | 126.90M | 25.54M |
| Inventory | 22.70M | 23.28M | 24.14M | 24.36M | -- | -- |
| Total assets | 3.21B | 3.26B | 3.29B | 3.30B | 3.27B | 3.56B |
| Total current liabilities | 251.39M | 273.42M | 296.51M | 293.90M | 259.99M | 316.96M |
| Short-term debt | 32.01M | 34.29M | 35.98M | 37.69M | 36.33M | 37.88M |
| Long-term debt | 1.12B | 1.12B | 1.12B | 1.13B | 1.13B | 1.33B |
| Total liabilities | 1,658,981,000.00 | 1,702,730,000.00 | 1,717,928,000.00 | 1,734,617,000.00 | 1,702,157,000.00 | 1,977,492,000.00 |
| Total equity | 1.55B | 1.55B | 1.57B | 1.57B | 1.57B | 1.58B |
| Retained earnings | -137.80M | -132.59M | -122.60M | -125.11M | -130.65M | -126.88M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 120.83M | 116.83M | 139.92M | 182.74M | 217.31M | 233.09M | 281.36M | 329.78M |
| Depreciation & amortization | 80.23M | 79.79M | 90.78M | 103.59M | 126.35M | 170.71M | 234.91M | 306.84M |
| Free cash flow | 47.60M | 13.66M | 31.81M | 59.44M | 86.35M | 78.19M | 77.85M | 84.03M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 103.07M | 144.79M | 0 | 0 | 496.23M | 496.25M | 0 |
| Ending cash balance | 4.01M | 3.47M | 154.34M | 33.81M | 71.15M | 220.91M | 383.30M | 216.86M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 50.12M | 89.53M | 93.57M | 96.56M | 62.25M | 98.77M |
| Depreciation & amortization | 71.49M | 77.01M | 78.83M | 79.51M | 77.98M | 88.50M |
| Free cash flow | -5.35M | 23.12M | 27.64M | 38.62M | 12.27M | 26.46M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | -- | -- |
| Ending cash balance | 269.90M | 217.77M | 192.65M | 216.86M | 126.90M | 25.54M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | 59.21 | 37.58 | 10.48 | 11.53 | 3.34 | 1.05 | 0.50 |
| ROA %i | 0.95 | 3.80 | 8.57 | 3.32 | 3.88 | 1.27 | 0.47 | 0.24 |
| ROIC %i | -- | 7.99 | 12.71 | 5.56 | 6.33 | 3.07 | 1.92 | 1.36 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | 24.43 | 12.80 | 5.38 |
| EBIT margin %i | 4.89 | 7.38 | 7.83 | 8.92 | 9.09 | 6.69 | 5.36 | 3.95 |
| FCF / sales %i | 7.21 | 1.84 | 4.11 | 6.68 | 7.96 | 6.18 | 5.00 | 4.57 |
| Current ratioi | 0.87 | 0.79 | 1.88 | 0.96 | 1.17 | 1.53 | 2.00 | 1.26 |
| Quick ratioi | 0.73 | 0.65 | 1.74 | 0.79 | 0.97 | 1.37 | 1.79 | 1.03 |
| Debt / assetsi | 74.32 | 63.66 | 51.02 | 48.00 | 45.43 | 44.12 | 37.40 | 37.51 |
| LT debt / equityi | -- | 472.27 | 163.30 | 141.76 | 129.01 | 105.08 | 74.48 | 76.59 |
| Interest coveragei | 1.23 | 2.19 | 2.71 | 3.73 | 4.16 | 1.78 | 1.34 | 1.22 |
| Revenue CAGR (3Y) %i | 6.53 | 9.57 | 8.93 | 10.41 | 13.44 | 17.75 | 20.54 | 19.18 |
| Net income CAGR (3Y) %i | -- | -- | -- | 85.68 | 18.81 | -34.67 | -30.94 | -47.07 |
| FCF CAGR (3Y) %i | 32.40 | -19.50 | -9.33 | 7.69 | 84.88 | 34.95 | 9.41 | -0.90 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 1.00 | 0.85 | 0.98 | 0.50 | 0.46 | 0.36 |
| ROA %i | 0.45 | 0.38 | 0.48 | 0.24 | 0.22 | 0.17 |
| ROIC %i | 1.93 | 1.97 | 1.93 | 1.36 | 1.38 | 1.45 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 4.92 | 4.46 | 4.59 | 3.95 | 3.85 | 3.63 |
| FCF / sales %i | 5.82 | 5.28 | 4.36 | 4.57 | 5.42 | 5.37 |
| Current ratioi | 1.96 | 1.70 | 1.51 | 1.26 | 1.38 | 0.99 |
| Quick ratioi | 1.76 | 1.49 | 1.32 | 1.03 | 1.16 | 0.78 |
| Debt / assetsi | 38.05 | 37.90 | 37.54 | 37.51 | 37.82 | 40.62 |
| LT debt / equityi | 76.78 | 77.22 | 76.39 | 76.59 | 76.55 | 89.06 |
| Interest coveragei | 1.31 | 1.24 | 1.33 | 1.22 | 1.21 | 1.14 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Collection is the largest reported line at 65.29% of revenue, across 7 reported segments.
- Processing follows at 10.21%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Collection65.29%
Processing10.21%
National Accounts8.95%
Transfer station8.80%
Landfill5.39%
Transportation1.09%
Landfill gas-to-energy0.26%
Quote time 2026-10-08 04:01:02 · For reference only, not investment advice and not tailored to your situation.