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Casella Waste Systems CWST Q2 2025 earnings

Reported July 31, 2025 · After market close

Revenue$465.3MMiss by $5.9M
EPS$0.36Beat by $0.05
Revenue estimate$471.2M
EPS estimate$0.31

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$526.4M
EPS estimate$0.36

Financials

Q2 2025

Income statement

See full
Revenue$465.3M+23.4%
Gross profit$157.3M+17.9%
Operating income$19.3M-16.3%
Net income$5.2M-25.7%
EPS (diluted)$0.08-33.3%

Balance sheet

See full
Cash & equivalents$217.8M+4.4%
Total debt$1.3B+11.4%
Total equity$1.6B+49.8%
Total assets$3.3B+29.7%

Cash flow

See full
Operating cash flow$89.5M+24.2%
CapEx$66.4M+48.7%
Free cash flow$23.1M-15.8%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$7.47B+29.6%
Enterprise value$8.57B+27.2%
P/E676.5×+403×
P/S4.3×+0.3×

Profitability

See full
Gross margin33.7%-0.6pp
Operating margin3.8%-1.6pp
Net margin0.6%-0.8pp
FCF margin5.3%+1.8pp

Returns & leverage

See full
Return on equity0.9%-1.2pp
Debt / equity0.8×-0.3×
Current ratio1.7×+0.1×

Segments

By segment

See full
Western$170.1M+23.9%
Eastern$120.9M+6.5%
Resource Solutions$95.8M+11.4%
Mid-Atlantic$82.6M+91.6%

By product

See full
Disposal$71.6M+9.9%
National Accounts$55.2M+10.6%

Versus estimates

Revenue

Q1 2026$457.3MBeat by $2.8MQ4 2025$469.1MMiss by $1.9MQ3 2025$485.4MBeat by $8.5M
Q2 2025$465.3MMiss by $5.9M
Q1 2025$417.1MBeat by $13.7MQ4 2024$427.5MBeat by $8.0M

Diluted EPS

Q1 2026$0.20Beat by $0.10Q4 2025$0.30Beat by $0.08Q3 2025$0.42Beat by $0.09
Q2 2025$0.36Beat by $0.05
Q1 2025$0.19Beat by $0.08Q4 2024$0.41Beat by $0.25

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Questions, answered.

When did Casella Waste Systems report Q2 2025 earnings?
Casella Waste Systems (CWST) reported Q2 2025 earnings on July 31, 2025 after market close.
What were Casella Waste Systems's Q2 2025 revenue and EPS?
Casella Waste Systems reported revenue of $465.3M and eps of $0.36 for Q2 2025.
Did Casella Waste Systems beat estimates in Q2 2025?
Revenue missed the consensus estimate of $471.2M by $5.9M. EPS beat the consensus estimate of $0.31 by $0.05.
How did Casella Waste Systems's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.4% from $377.2M a year earlier and eps grew 63.6% from $0.22.
Where can I find Casella Waste Systems's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-036993) directly on SEC EDGAR. The filing index links above go to sec.gov.