Casella Waste Systems Inc Class A (CWST) financials
Casella Waste Systems revenue and earnings by year
Casella Waste Systems's revenue was $1.84 billion in the fiscal year to December 31, 2025, up 18.0% from the year before. Net income was $7.87 million, 0.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 14.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.84 | 1.56 | 1.26 | 1.09 | 0.89 | 0.77 | 0.74 | 0.66 | 0.60 | 0.57 |
| Revenue growth | 18.0% | 23.1% | 16.5% | 22.0% | 14.8% | 4.2% | 12.5% | 10.2% | 6.1% | — |
| Gross profit | 0.62 | 0.53 | 0.43 | 0.36 | 0.31 | 0.26 | 0.23 | 0.21 | 0.19 | 0.18 |
| Gross margin | 33.8% | 34.0% | 34.2% | 33.4% | 34.5% | 33.4% | 31.6% | 31.4% | 32.4% | 32.4% |
| Operating income | 0.06 | 0.07 | 0.08 | 0.10 | 0.08 | 0.06 | 0.05 | 0.04 | -0.01 | 0.04 |
| Operating margin | 3.5% | 4.7% | 6.4% | 8.8% | 8.7% | 7.7% | 7.1% | 6.0% | -2.1% | 8.0% |
| Net income | 0.01 | 0.01 | 0.03 | 0.05 | 0.04 | 0.09 | 0.03 | 0.01 | -0.02 | -0.01 |
| Net margin | 0.4% | 0.9% | 2.0% | 4.9% | 4.6% | 11.8% | 4.3% | 1.0% | -3.6% | -1.2% |
| Diluted EPS | $0.12 | $0.23 | $0.46 | $1.03 | $0.80 | $1.82 | $0.66 | $0.13 | -$0.55 | -$0.18 |
| Free cash flow | 0.09 | 0.08 | 0.08 | 0.09 | 0.06 | 0.03 | 0.01 | 0.05 | 0.04 | 0.03 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CWST in Markets.
How Casella Waste Systems makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Collection | $355M | 65.3% |
| Resource Solutions Operations | $102M | 18.7% |
| Solid Waste Operations Disposal | $77.1M | 14.2% |
| Transportation | $5.93M | 1.1% |
| Solid Waste Operations Processing | $2.65M | 0.5% |
| Landfill Gas To Energy | $1.43M | 0.3% |
See also: CWST valuation and P/E history · CWST returns
No forecast, no recommendation. This page describes Casella Waste Systems Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.