Casella Waste Systems, Inc. (CWST)

Nasdaq Industrials Environmental & Facilities Services S&P SmallCap 600

$98.21

-1.85 (-1.85%)

Close of Nov 06, 2026 · end-of-day data

Source: Casella Waste Systems, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$565.03M	$599.31M	$660.66M	$743.29M	$774.58M	$889.21M	$1.09B	$1.26B	$1.56B	$1.84B
Cost of revenue	$381.97M	$405.19M	$453.29M	$508.66M	$515.65M	$582.40M	$723.12M	$832.04M	$1.03B	$1.22B
Gross profit	$183.06M	$194.12M	$207.37M	$234.63M	$258.94M	$306.81M	$361.97M	$432.50M	$529.95M	$620.24M
Operating income	$44.95M	-$12.58M	$39.73M	$53.08M	$59.30M	$77.66M	$95.39M	$80.43M	$72.76M	$63.67M
Interest expense	$38.94M	$25.16M	$26.29M	$25.10M	$22.37M	$21.23M	$23.72M	$47.58M	$62.41M	$62.54M
Pre-tax income	-$6.36M	-$37.05M	$6.04M	$29.78M	$38.30M	$58.05M	$74.97M	$37.05M	$21.05M	$13.05M
Income tax	$494.00K	-$15.25M	-$384.00K	-$1.87M	-$52.80M	$16.95M	$21.89M	$11.65M	$7.51M	$5.18M
Net income	-$6.85M	-$21.80M	$6.42M	$31.65M	$91.11M	$41.10M	$53.08M	$25.40M	$13.54M	$7.87M
EBITDA	$106.80M	$49.52M	$110.24M	$132.87M	$150.08M	$181.25M	$221.75M	$251.13M	$307.67M	$370.50M
EPS (basic)	$-0.17	$-0.52	$0.15	$0.67	$1.87	$0.80	$1.03	$0.46	$0.23	$0.12
EPS (diluted)	$-0.17	$-0.52	$0.15	$0.66	$1.86	$0.80	$1.03	$0.46	$0.23	$0.12
Diluted shares	41.23M	41.85M	44.17M	47.97M	49.05M	51.52M	51.77M	55.27M	59.68M	63.56M
Gross margin	32.4%	32.4%	31.4%	31.6%	33.4%	34.5%	33.4%	34.2%	34.0%	33.8%
Operating margin	8.0%	-2.1%	6.0%	7.1%	7.7%	8.7%	8.8%	6.4%	4.7%	3.5%
Net margin	-1.2%	-3.6%	1.0%	4.3%	11.8%	4.6%	4.9%	2.0%	0.9%	0.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$2.54M	$2.00M	$4.01M	$3.47M	$154.34M	$33.81M	$71.15M	$220.91M	$358.30M	$123.77M
Receivables	$61.20M	$65.95M	$74.94M	$80.20M	$74.20M	$86.98M	$100.89M	$157.32M	$165.92M	$178.07M
Total current assets	$78.59M	$84.38M	$97.09M	$102.81M	$247.25M	$146.48M	$207.48M	$426.32M	$613.30M	$369.28M
Goodwill	$119.90M	$122.61M	$162.73M	$185.82M	$194.90M	$232.86M	$274.46M	$735.67M	$1.00B	$1.12B
Total assets	$631.51M	$614.95M	$732.41M	$932.18M	$1.19B	$1.28B	$1.45B	$2.54B	$3.23B	$3.30B
Total current liabilities	$82.43M	$88.57M	$111.50M	$130.59M	$131.21M	$152.19M	$177.60M	$278.86M	$307.32M	$293.90M
Short-term debt	$4.69M	$4.93M	$2.30M	$4.30M	$9.24M	$9.90M	$8.97M	$35.78M	$42.62M	$25.73M
Long-term debt	$503.96M	$477.58M	$542.00M	$509.02M	$530.41M	$542.50M	$585.01M	$1.01B	$1.09B	$1.13B
Total debt	$508.65M	$482.50M	$544.30M	$513.32M	$539.65M	$552.40M	$593.98M	$1.04B	$1.13B	$1.15B
Total liabilities	$656.04M	$652.81M	$748.24M	$809.43M	$831.76M	$861.12M	$951.32M	$1.51B	$1.68B	$1.73B
Shareholders' equity	-$24.53M	-$37.86M	-$15.83M	$122.75M	$362.14M	$422.46M	$497.90M	$1.02B	$1.55B	$1.57B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$80.43M	$107.54M	$120.83M	$116.83M	$139.92M	$182.74M	$217.31M	$233.09M	$281.36M	$329.78M
Capital expenditures	$54.24M	$64.86M	$73.23M	$103.17M	$108.11M	$123.30M	$130.96M	$154.91M	$203.23M	$245.07M
Free cash flow	$26.20M	$42.68M	$47.60M	$13.66M	$31.81M	$59.44M	$86.35M	$78.19M	$78.13M	$84.70M
Investing cash flow	-$62.96M	-$76.45M	-$164.20M	-$177.46M	-$140.03M	-$293.15M	-$206.92M	-$1.01B	-$670.61M	-$469.15M
Financing cash flow	-$18.59M	-$31.64M	$45.38M	$60.10M	$150.98M	-$10.12M	$26.95M	$922.30M	$551.64M	-$27.07M
Stock-based compensation	$3.39M	$6.43M	$8.45M	$7.22M	$8.22M	$11.55M	$8.15M	$9.08M	$12.19M	$14.22M
Depreciation & amortization	$61.86M	$62.10M	$70.51M	$79.79M	$90.78M	$103.59M	$126.35M	$170.71M	$234.91M	$306.83M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$352.74M	$359.57M	$341.01M	$377.16M	$411.63M	$427.49M	$417.10M	$465.33M	$485.35M	$469.06M	$457.33M	$543.75M
Cost of revenue	$226.30M	$239.17M	$230.79M	$243.79M	$267.12M	$285.64M	$280.45M	$308.07M	$315.26M	$312.82M	$308.93M	$364.95M
Gross profit	$126.43M	$120.39M	$110.22M	$133.38M	$144.51M	$141.84M	$136.65M	$157.26M	$170.09M	$156.23M	$148.40M	$178.80M
Operating income	$34.19M	$13.36M	$6.83M	$23.02M	$24.38M	$18.53M	$3.14M	$19.27M	$29.37M	$11.88M	$4.86M	$19.96M
Interest expense	$15.75M	$15.87M	$15.88M	$15.32M	$15.75M	$15.46M	$14.98M	$15.66M	$15.95M	$15.95M	$15.33M	$17.94M
Pre-tax income	$24.19M	$1.04M	-$5.88M	$10.80M	$10.42M	$5.71M	-$8.13M	$6.89M	$15.89M	-$1.59M	-$8.82M	$3.37M
Income tax	$6.02M	$2.85M	-$1.77M	$3.79M	$4.65M	$835.00K	-$3.33M	$1.68M	$5.91M	$921.00K	-$3.29M	-$405.00K
Net income	$18.17M	-$1.81M	-$4.12M	$7.01M	$5.77M	$4.88M	-$4.81M	$5.21M	$9.98M	-$2.51M	-$5.54M	$3.77M
EBITDA	$81.92M	$67.97M	$60.87M	$78.36M	$83.55M	$84.89M	$74.63M	$96.28M	$108.20M	$91.39M	$82.84M	$108.46M
EPS (basic)	$0.31	$-0.04	$-0.07	$0.12	$0.10	$0.08	$-0.08	$0.08	$0.16	$-0.04	$-0.09	$0.06
EPS (diluted)	$0.31	$-0.04	$-0.07	$0.12	$0.10	$0.08	$-0.08	$0.08	$0.16	$-0.04	$-0.09	$0.06
Diluted shares	58.06M	949.00K	58.03M	58.20M	58.92M	1.27M	63.39M	63.56M	63.59M	15.00K	63.54M	63.69M
Gross margin	35.8%	33.5%	32.3%	35.4%	35.1%	33.2%	32.8%	33.8%	35.0%	33.3%	32.4%	32.9%
Operating margin	9.7%	3.7%	2.0%	6.1%	5.9%	4.3%	0.8%	4.1%	6.1%	2.5%	1.1%	3.7%
Net margin	5.2%	-0.5%	-1.2%	1.9%	1.4%	1.1%	-1.2%	1.1%	2.1%	-0.5%	-1.2%	0.7%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$219.09M	$220.91M	$189.46M	$208.50M	$518.98M	$358.30M	$267.71M	$217.77M	$192.65M	$123.77M	$126.90M	$25.54M
Receivables	$140.33M	$157.32M	$146.79M	$161.25M	$168.09M	$165.92M	$165.57M	$178.88M	$192.51M	$178.07M	$175.40M	$220.37M
Total current assets	$413.34M	$426.32M	$385.40M	$425.80M	$743.05M	$613.30M	$491.70M	$464.52M	$448.00M	$369.28M	$359.70M	$314.59M
Goodwill	$737.15M	$735.67M	$736.51M	$737.25M	$907.88M	$1.00B	$1.05B	$1.09B	$1.12B	$1.12B	$1.19B	$1.37B
Total assets	$2.50B	$2.54B	$2.48B	$2.51B	$3.12B	$3.23B	$3.21B	$3.26B	$3.29B	$3.30B	$3.27B	$3.56B
Total current liabilities	$253.18M	$278.86M	$244.12M	$269.69M	$291.25M	$307.32M	$251.39M	$273.42M	$296.50M	$293.90M	$259.99M	$316.96M
Short-term debt	$33.96M	$35.78M	$63.37M	$65.33M	$38.37M	$42.62M	$20.97M	$22.51M	$24.28M	$25.73M	$24.59M	$25.58M
Long-term debt	$1.01B	$1.01B	$980.88M	$976.62M	$1.05B	$1.09B	$1.12B	$1.12B	$1.12B	$1.13B	$1.13B	$1.33B
Total debt	$1.05B	$1.04B	$1.04B	$1.04B	$1.08B	$1.13B	$1.14B	$1.14B	$1.15B	$1.15B	$1.15B	$1.35B
Total liabilities	$1.47B	$1.51B	$1.45B	$1.47B	$1.59B	$1.68B	$1.66B	$1.70B	$1.72B	$1.73B	$1.70B	$1.98B
Shareholders' equity	$1.03B	$1.02B	$1.03B	$1.04B	$1.53B	$1.55B	$1.55B	$1.55B	$1.57B	$1.57B	$1.57B	$1.58B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$74.63M	$75.27M	$7.68M	$72.10M	$91.81M	$109.76M	$50.12M	$89.53M	$93.56M	$96.56M	$62.25M	$98.77M
Capital expenditures	$39.95M	$64.54M	$30.25M	$44.65M	$51.46M	$76.87M	$55.48M	$66.40M	$65.92M	$57.27M	$49.98M	$72.31M
Free cash flow	$34.68M	$10.72M	-$22.57M	$27.45M	$40.35M	$32.90M	-$5.35M	$23.12M	$27.64M	$39.30M	$12.27M	$26.46M
Investing cash flow	-$339.93M	-$68.48M	-$30.06M	-$42.92M	-$311.65M	-$285.98M	-$158.82M	-$137.57M	-$108.33M	-$64.42M	-$144.18M	-$378.29M
Financing cash flow	$21.41M	-$7.69M	-$9.08M	-$9.19M	$529.37M	$40.55M	-$4.71M	-$4.08M	-$10.35M	-$7.93M	-$8.03M	$178.15M
Stock-based compensation	$2.36M	$2.38M	$2.13M	$2.67M	$2.62M	$4.75M	$4.91M	$2.87M	$3.87M	$2.57M	$2.87M	$4.02M
Depreciation & amortization	$47.74M	$54.61M	$54.04M	$55.34M	$59.17M	$66.36M	$71.49M	$77.01M	$78.83M	$79.51M	$77.98M	$88.50M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.