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Casella Waste Systems CWST Q3 2025 earnings

Reported October 30, 2025 · After market close

Revenue$485.4MBeat by $8.5M
EPS$0.42Beat by $0.09
Revenue estimate$476.9M
EPS estimate$0.33

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$485.4M+17.9%
Gross profit$170.1M+17.7%
Operating income$29.4M+20.5%
Net income$10.0M+73.0%
EPS (diluted)$0.16+60.0%

Balance sheet

See full
Cash & equivalents$192.7M-62.9%
Total debt$1.3B+7.4%
Total equity$1.6B+2.3%
Total assets$3.3B+5.2%

Cash flow

See full
Operating cash flow$93.6M+1.9%
CapEx$65.9M+28.1%
Free cash flow$27.6M-31.5%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$6.02B-4.4%
Enterprise value$7.15B+2.0%
P/E394.8×-333×
P/S3.4×-0.9×

Profitability

See full
Gross margin33.7%-0.4pp
Operating margin3.9%-0.6pp
Net margin0.8%+0.3pp
FCF margin4.4%+0.6pp

Returns & leverage

See full
Return on equity1%+0.3pp
Debt / equity0.8×0.0×
Current ratio1.5×-1.0×

Segments

By segment

See full
Western$175.1M+22.5%
Eastern$126.0M+7.2%
Resource Solutions$98.6M+10.2%
Mid-Atlantic$91.1M+40.7%

By product

See full
Disposal$73.4M+8.9%
National Accounts$60.0M+16.5%

Versus estimates

Revenue

Q1 2026$457.3MBeat by $2.8MQ4 2025$469.1MMiss by $1.9M
Q3 2025$485.4MBeat by $8.5M
Q2 2025$465.3MMiss by $5.9MQ1 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 $0.08
Q3 2025$0.42Beat by $0.09
Q2 2025$0.36Beat by $0.05Q1 2025$0.19Beat by $0.08Q4 2024$0.41Beat by $0.25

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Questions, answered.

When did Casella Waste Systems report Q3 2025 earnings?
Casella Waste Systems (CWST) reported Q3 2025 earnings on October 30, 2025 after market close.
What were Casella Waste Systems's Q3 2025 revenue and EPS?
Casella Waste Systems reported revenue of $485.4M and eps of $0.42 for Q3 2025.
Did Casella Waste Systems beat estimates in Q3 2025?
Revenue beat the consensus estimate of $476.9M by $8.5M. EPS beat the consensus estimate of $0.33 by $0.09.
How did Casella Waste Systems's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.9% from $411.6M a year earlier and eps grew 55.6% from $0.27.
Where can I find Casella Waste Systems's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000911177-25-000125) directly on SEC EDGAR. The filing index links above go to sec.gov.