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Casella Waste Systems

CWST

Casella Waste Systems is a leading regional, vertically integrated solid waste services provider operating across the northeastern United States.

Market cap
$5.75B+3.5%
Revenue$2.0B+13.6%
Net income$13.4M+4.5%
Free cash flow$105.7M+16.1%
EPS (diluted)$0.21-4.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$563.1M
EPS estimate$0.37

Financials

Q2 2026

Income statement

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Revenue$543.7M+16.9%
Gross profit$178.8M+13.7%
Operating income$20.0M+3.6%
Net income$3.8M-27.6%
EPS (diluted)$0.06-25.0%

Balance sheet

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Cash & equivalents$25.5M-88.3%
Total debt$1.5B+18.0%
Total equity$1.6B+1.7%
Total assets$3.6B+9.2%

Cash flow

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Operating cash flow$98.8M+10.3%
CapEx$72.3M+8.9%
Free cash flow$26.5M+14.5%

Valuation & ratios

Valuation

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Market cap$5.75B+3.5%
Enterprise value$7.27B+8.0%
P/E428.3×
P/S2.9×-0.3×

Profitability

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Gross margin33.4%-0.3pp
Operating margin3.4%-0.4pp
FCF margin5.4%+0.1pp

Returns & leverage

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Debt / equity+0.1×
Current ratio-0.7×

Segments

By segment

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Western$185.7M+9.2%
Eastern$154.2M+27.5%
Resource Solutions$107.5M+12.1%
Mid-Atlantic$102.2M+23.8%

By product

See full
Disposal$77.1M+17.9%
National Accounts$48.7M+17.1%

Competitors

Profile

Casella Waste Systems is a leading regional, vertically integrated solid waste services provider operating across the northeastern United States. The company offers a comprehensive suite of resource management solutions including collection, transfer, disposal, and recycling services. Its core value proposition focuses on strategic asset positioning and resource renewal to help municipal, commercial, and industrial customers meet sustainability goals.

Competitive position

A leading regional player in the Northeast with a strong market presence in secondary and tertiary markets through a vertically integrated asset network.

GeographiesUnited States, Northeast US, Mid-Atlantic US
Customer segmentsMunicipal, Commercial, Industrial, Residential, Institutional
Business modelVertically integrated service provider, Subscription-based services, Contract-based services, Commodity brokerage
SuppliersVehicle and heavy equipment manufacturers, Fuel suppliers, Technology and software providers, Surety bond and insurance providers
CustomersMunicipalities, Residential households, Commercial and industrial enterprises, Industrial consumers of recycled materials, Electric utilities
Listed1997
Employees4.2K
CEOEdmond R. Coletta
FilingsSEC EDGAR

FAQ

What is Casella Waste Systems's market cap?
Casella Waste Systems (CWST) has a market capitalization of $5.7B and trades on NASDAQ.
What is Casella Waste Systems's revenue and profitability?
Casella Waste Systems generated $2.0B in trailing twelve-month revenue with net income of $13.4M, representing a net margin of 0.8%. Gross margin stands at 33.4%, with free cash flow of $105.7M. The latest reported period is Q2 2026.
Who are Casella Waste Systems's competitors?
Casella Waste Systems's key competitors include Republic Services, Inc., Waste Connections, Inc., Waste Management, Inc., and others. These companies compete in similar markets and product categories.
Who does Casella Waste Systems partner with?
Casella Waste Systems's notable partners include Evergreen National Indemnity Company, Georgia-Pacific.
What subsidiaries does Casella Waste Systems have?
Casella Waste Systems's subsidiaries include Mountain State Waste.
Where is Casella Waste Systems headquartered?
Casella Waste Systems is headquartered in United States of America and employs approximately 4,200 people. It has been publicly traded since 1997.