CASELLA WASTE SYSTEMS INC
CASELLA WASTE SYSTEMS INC
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 127 | 217 | - | - | - | 383 | 519 | 209 | 189 | 221 | 219 | 466 | |||||
Cash Cash Equivalents And Short Term Investments | - | 124 | 193 | 218 | 268 | 383 | - | - | - | - | - | - | |||||
Accounts Receivable Net Current | 175 | 178 | 193 | 179 | 166 | 166 | 168 | 161 | 147 | 157 | 140 | 118 | |||||
Income Taxes Receivable | - | - | 6 | 11 | 9 | 9 | 5 | 6 | 4 | 3 | 4 | 4 | |||||
Prepaid Expense Current | 20 | 30 | 27 | 27 | 20 | 23 | 23 | 21 | 15 | 17 | 20 | 18 | |||||
Inventory Gross | - | - | 24 | 23 | 23 | 22 | 20 | 19 | 19 | 18 | 18 | 17 | |||||
Other Assets Current | 37 | 38 | 6 | 6 | 6 | 41 | 8 | 9 | 12 | 10 | 12 | 7 | |||||
Assets Current | 360 | 369 | 448 | 465 | 492 | 613 | 743 | 426 | 385 | 426 | 413 | 629 | |||||
Property Plant And Equipment Net | - | - | - | - | - | - | - | - | - | - | 935 | 818 | |||||
Property Plant And Equipment And Finance Lease Rig… | 1,305 | 1,289 | 1,269 | 1,241 | 1,202 | 1,165 | 1,060 | 987 | 979 | 981 | - | - | |||||
Operating Lease Right Of Use Asset | 104 | 105 | 108 | 111 | 104 | 98 | 102 | 98 | 100 | 101 | 103 | 105 | |||||
Goodwill | 1,194 | 1,120 | 1,116 | 1,089 | 1,050 | 1,002 | 908 | 737 | 737 | 736 | 737 | 620 | |||||
Finite Lived Intangible Assets Net | 272 | 291 | 309 | 315 | 320 | 313 | 273 | 217 | 229 | 241 | 257 | 187 | |||||
Restricted Cash And Investments Noncurrent | 3 | 96 | 3 | 3 | 5 | 2 | 2 | 3 | 2 | 2 | 5 | 2 | |||||
Other Investments And Securities At Cost | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | |||||
Other Assets Noncurrent | 21 | 21 | 22 | 23 | 23 | 25 | 23 | 24 | 24 | 26 | 30 | 29 | |||||
Assets | 3,270 | 3,303 | 3,285 | 3,257 | 3,206 | 3,230 | 3,123 | 2,512 | 2,477 | 2,535 | 2,498 | 2,417 | |||||
Deferred Income Tax Assets Net | - | - | - | - | - | 0 | 0 | 8 | 11 | 11 | 7 | 16 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Long Term Debt And Capital Lease Obligations Curre… | 25 | 26 | 24 | 23 | 21 | 43 | 38 | 65 | 63 | 36 | 34 | 33 | |||||
Operating Lease Liability Current | 12 | 12 | 12 | 12 | 11 | 10 | 10 | 9 | 9 | 9 | 9 | 9 | |||||
Accounts Payable Current | 90 | 102 | 113 | 117 | 103 | 111 | 102 | 94 | 80 | 117 | 100 | 88 | |||||
Employee Related Liabilities Current | 20 | 36 | 30 | 22 | 17 | 33 | 25 | 17 | 12 | 23 | 21 | 15 | |||||
Interest Payable Current | - | - | 4 | 3 | 3 | 2 | 3 | 3 | 4 | 4 | 4 | 3 | |||||
Contract With Customer Liability Current | 46 | 45 | 48 | 44 | 50 | 51 | 48 | 31 | 30 | 31 | 19 | 16 | |||||
Accrued Capping Closure Post Closure And Environme… | 7 | 8 | 11 | 3 | 3 | 3 | 16 | 9 | 10 | 11 | 13 | 11 | |||||
Other Accrued Liabilities Current | 61 | 65 | 54 | 51 | 43 | 57 | 49 | 42 | 36 | 48 | 54 | 45 | |||||
Liabilities Current | 260 | 294 | 297 | 273 | 251 | 307 | 291 | 270 | 244 | 279 | 253 | 219 | |||||
Long Term Debt And Capital Lease Obligations | 1,127 | 1,129 | 1,123 | 1,121 | 1,115 | 1,091 | 1,046 | 977 | 981 | 1,008 | 1,012 | 983 | |||||
Operating Lease Liability Noncurrent | 74 | 73 | 75 | 79 | 72 | 64 | 69 | 66 | 67 | 66 | 69 | 71 | |||||
Accrued Capping Closure Post Closure And Environme… | 191 | 185 | 172 | 179 | 174 | 169 | 134 | 131 | 127 | 123 | 104 | 108 | |||||
Deferred Income Tax Liabilities Net | 17 | 19 | 17 | 16 | 14 | 19 | 15 | 1 | 1 | 1 | 1 | 0 | |||||
Other Liabilities Noncurrent | 34 | 35 | 34 | 34 | 32 | 29 | 37 | 30 | 32 | 37 | 28 | 27 | |||||
Stockholders Equity | |||||||||||||||||
Additional Paid In Capital Common Stock | 1,700 | 1,697 | 1,693 | 1,689 | 1,685 | 1,680 | 1,673 | 1,175 | 1,171 | 1,169 | 1,166 | 1,163 | |||||
Retained Earnings Accumulated Deficit | -131 | -125 | -123 | -133 | -138 | -133 | -138 | -144 | -151 | -147 | -145 | -163 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -2 | -4 | -4 | -3 | -1 | 3 | -5 | 6 | 5 | -1 | 9 | 8 | |||||
Stockholders Equity | 1,568 | 1,569 | 1,567 | 1,554 | 1,547 | 1,551 | 1,532 | 1,038 | 1,026 | 1,022 | 1,031 | 1,008 | |||||
Liabilities And Stockholders Equity | 3,270 | 3,303 | 3,285 | 3,257 | 3,206 | 3,230 | 3,123 | 2,512 | 2,477 | 2,535 | 2,498 | 2,417 | |||||
Common Class A | 63 | 63 | 63 | -62 | 62 | 0 | 5 | 0 | 57 | 0 | 0 | 6 | |||||
Common Class B | 1 | 1 | 1 | -1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |||||
Allowance For Doubtful Accounts Receivable Current | 7 | 7 | 7 | 8 | 8 | 9 | 8 | 6 | 4 | 4 | 4 | 3 | |||||
Property Plant And Equipment And Finance Lease Rig… | 1,552 | 1,496 | 1,446 | 1,393 | 1,349 | 1,302 | 1,262 | 1,227 | 1,197 | 1,168 | 1,137 | 1,118 | |||||
Stockholders Equity Number Of Votes Each Share | 0 | 0 | - | - | 0 | 0 | - | - | 0 | 0 | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.67% | 0.17% | 10.22% | - | - | - | - | - | - | - | - | - |
| 2025 | -0.94% | -0.65% | -7.55% | -5.68% | -20.27% | -21.13% | 7.32% | 11.20% | 19.85% | -7.72% | -8.88% | -10.50% |
| 2024 | 9.43% | 7.02% | 14.36% | 1.56% | -5.34% | -1.32% | 15.00% | 8.27% | 13.90% | -6.53% | 0.06% | 3.03% |
| 2023 | - | - | - | -0.57% | 4.12% | -3.52% | 1.64% | 9.60% | 7.61% | 1.57% | 2.90% | -0.23% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.38 | 1.26 | 1.51 | 1.70 | 1.96 | 2.00 | 2.55 | 1.58 | 1.58 | 1.53 | 1.63 | 2.87 | |||||
| Quick Ratio | 1.31 | 1.15 | 1.34 | 1.51 | 1.79 | 1.85 | 2.40 | 1.43 | 1.44 | 1.40 | 1.48 | 2.71 | |||||
| Working Capital | 99.71M | 75.38M | 151.50M | 191.11M | 240.31M | 305.99M | 451.80M | 156.12M | 141.28M | 147.47M | 160.16M | 410.21M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.17 | 0.19 | 0.19 | 0.18 | 0.16 | 0.20 | 0.19 | 0.26 | 0.24 | 0.27 | 0.25 | 0.22 | |||||
| Interest Coverage TTM | 1.04 | 1.02 | 1.13 | 1.06 | 1.12 | 1.17 | 1.08 | 1.23 | 1.36 | 1.69 | 2.20 | 3.00 | |||||
| Debt Ratio | 0.08 | 0.09 | 0.09 | 0.08 | 0.08 | 0.10 | 0.09 | 0.11 | 0.10 | 0.11 | 0.10 | 0.09 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.58 | 0.56 | 0.56 | 0.60 | 0.57 | 0.54 | 0.53 | 0.58 | 0.69 | 0.63 | 0.60 | 0.59 | |||||
| Days Sales Outstanding TTM | 33.15 | 34.18 | 36.66 | 36.06 | 34.90 | 37.88 | 37.79 | 35.59 | 32.88 | 37.27 | 38.50 | 36.84 | |||||
| Receivables Turnover TTM | 11.01 | 10.68 | 9.96 | 10.12 | 10.46 | 9.64 | 9.66 | 10.26 | 11.10 | 9.79 | 9.48 | 9.91 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.11 | 0.12 | 0.24 | 0.17 | 0.20 | 0.23 | 0.12 | 0.33 | 0.31 | 0.46 | 0.61 | 0.76 | |||||
| Free Cash Flow Per Share TTM | 1.61 | 1.33 | 1.23 | 1.43 | 1.50 | 1.31 | 0.95 | 0.87 | 0.99 | 1.42 | 1.54 | 1.55 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 33.67% | 33.77% | 33.75% | 33.71% | 34.06% | 34.03% | 34.14% | 34.28% | 34.28% | 34.20% | 33.97% | 33.80% | |||||
| Operating Profit Margin TTM | 3.48% | 3.47% | 3.92% | 3.79% | 4.23% | 4.67% | 4.54% | 5.41% | 5.73% | 6.36% | 7.16% | 7.72% | |||||
| Net Profit Margin TTM | 0.38% | 0.43% | 0.85% | 0.64% | 0.79% | 0.87% | 0.46% | 1.35% | 1.32% | 2.01% | 3.03% | 3.58% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 14.92% | 17.95% | 20.54% | 20.35% | 21.63% | 23.15% | 26.53% | 27.76% | 20.59% | 16.54% | 11.60% | 11.80% | |||||
| Net Income Growth (1Y) | -44.39% | -41.85% | 122.78% | -42.62% | -27.58% | -46.71% | -80.78% | -52.03% | -66.18% | -52.15% | -33.78% | -14.60% | |||||
| EPS Growth (1Y) | -44.53% | -45.41% | 106.34% | -47.46% | -33.70% | -50.64% | -81.05% | -56.34% | -69.83% | -55.23% | -40.96% | -16.61% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 705.91 | 789.67 | 394.82 | 662.94 | 550.36 | 465.70 | 854.26 | 299.51 | 323.53 | 185.64 | 124.12 | 119.20 | |||||
| P/B TTM | 3.21 | 3.96 | 3.84 | 4.71 | 4.57 | 4.06 | 3.82 | 5.56 | 5.59 | 4.61 | 4.29 | 4.74 | |||||
| P/S TTM | 2.69 | 3.38 | 3.36 | 4.25 | 4.33 | 4.05 | 3.93 | 4.03 | 4.27 | 3.73 | 3.76 | 4.27 | |||||
| Market Cap | 5.04B | 6.22B | 6.02B | 7.32B | 7.07B | 6.30B | 5.85B | 5.77B | 5.74B | 4.72B | 4.42B | 4.78B | |||||
| Enterprise Value | 6.07B | 7.15B | 6.98B | 8.25B | 7.93B | 7.05B | 6.42B | 6.60B | 6.59B | 5.54B | 5.25B | 5.33B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 102.33M | 84.71M | 78.31M | 91.02M | 95.35M | 78.13M | 55.96M | 50.29M | 57.41M | 78.19M | 89.05M | 81.75M | |||||
| Net Debt | 1.02B | 937.80M | 954.15M | 925.70M | 866.48M | 749.95M | 564.90M | 832.51M | 854.79M | 822.53M | 824.31M | 550.38M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
CASELLA WASTE SYSTEMS INC (CWST) — SEC Financial Statements & Analysis
CASELLA WASTE SYSTEMS INC (CWST) is a refuse systems company, incorporated in DE. CASELLA WASTE SYSTEMS INC trades on CWST: Nasdaq as: CWST. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), CASELLA WASTE SYSTEMS INC reported a 14.92% year-over-year revenue growth, a Gross Profit Margin of 33.67% (TTM), a Debt-to-Equity ratio of 0.17x, a Price-to-Sales (P/S) ratio of 2.69x (TTM), a Price-to-Book (P/B) ratio of 3.21 (TTM), at a market cap of $5.04B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 14.92%
- Gross Profit Margin TTM
- 33.67%
- Debt To Equity
- 0.17x
- P/S TTM
- 2.69x
- P/B TTM
- 3.21
- Market Cap
- $5.04B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is CASELLA WASTE SYSTEMS INC in?
CASELLA WASTE SYSTEMS INC (CWST) operates in the Refuse Systems industry.
What is CWST's market cap?
CASELLA WASTE SYSTEMS INC (CWST) has a market capitalization of $5.04B as of 2026-03-31.
What is CWST's P/E ratio?
CASELLA WASTE SYSTEMS INC (CWST)'s trailing twelve month P/E ratio is 705.91x as of 2026-03-31.
What exchange does CWST trade on?
CASELLA WASTE SYSTEMS INC (CWST) trades on the CWST: Nasdaq.
Where is CASELLA WASTE SYSTEMS INC incorporated?
CASELLA WASTE SYSTEMS INC is incorporated in DE.