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Stocks · Industrials · Refuse Systems

CASELLA WASTE SYSTEMS INC

CWST Clue Score48
United States Fiscal year ends December CIK 0000911177
$83.78 -0.32% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $83.78 +7.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue565.0Operating income44.9Net income−6.8EPS, diluted−0.17Fiscal year 2017Revenue599.3 +6.1%Operating income−12.6Net income−21.8EPS, diluted−0.52Fiscal year 2018Revenue660.7 +10.2%Operating income39.7Net income6.4EPS, diluted0.15Fiscal year 2019Revenue743.3 +12.5%Operating income53.1Net income31.7 +393.0%EPS, diluted0.66 +340.0%Fiscal year 2020Revenue774.6 +4.2%Operating income59.3Net income91.1 +187.8%EPS, diluted1.86 +181.8%Fiscal year 2021Revenue889.2 +14.8%Operating income77.7Net income41.1 −54.9%EPS, diluted0.80 −57.0%Fiscal year 2022Revenue1,085.1 +22.0%Operating income95.4Net income53.1 +29.1%EPS, diluted1.03 +28.7%Fiscal year 2023Revenue1,264.5 +16.5%Operating income80.4Net income25.4 −52.1%EPS, diluted0.46 −55.3%Fiscal year 2024Revenue1,557.3 +23.1%Operating income72.8Net income13.5 −46.7%EPS, diluted0.23 −50.0%Fiscal year 2025Revenue1,836.8 +18.0%Operating income63.7Net income7.9 −41.9%EPS, diluted0.12 −47.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 565.0 599.3 660.7 743.3 774.6 889.2 1,085.1 1,264.5 1,557.3 1,836.8
Growth +6.1% +10.2% +12.5% +4.2% +14.8% +22.0% +16.5% +23.1% +18.0%
Operating income 44.9 −12.6 39.7 53.1 59.3 77.7 95.4 80.4 72.8 63.7
Net income −6.8 −21.8 6.4 31.7 91.1 41.1 53.1 25.4 13.5 7.9
Growth +393.0% +187.8% −54.9% +29.1% −52.1% −46.7% −41.9%
EPS, diluted −0.17 −0.52 0.15 0.66 1.86 0.80 1.03 0.46 0.23 0.12
Growth +340.0% +181.8% −57.0% +28.7% −55.3% −50.0% −47.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin8.0%Net margin−1.2%Free cash flow margin4.6%Fiscal year 2017Operating margin−2.1%Net margin−3.6%Free cash flow margin7.1%Fiscal year 2018Operating margin6.0%Net margin1.0%Free cash flow margin7.2%Fiscal year 2019Operating margin7.1%Net margin4.3%Free cash flow margin1.8%Fiscal year 2020Operating margin7.7%Net margin11.8%Free cash flow margin4.1%Fiscal year 2021Operating margin8.7%Net margin4.6%Free cash flow margin6.7%Fiscal year 2022Operating margin8.8%Net margin4.9%Free cash flow margin8.0%Fiscal year 2023Operating margin6.4%Net margin2.0%Free cash flow margin6.2%Fiscal year 2024Operating margin4.7%Net margin0.9%Free cash flow margin5.0%Fiscal year 2025Operating margin3.5%Net margin0.4%Free cash flow margin4.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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%
Free cash flow margin 4.6% 7.1% 7.2% 1.8% 4.1% 6.7% 8.0% 6.2% 5.0% 4.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow80.4Capital expenditure−54.2Free cash flow26.2Fiscal year 2017Operating cash flow107.5Capital expenditure−64.9Free cash flow42.7 +62.9%Fiscal year 2018Operating cash flow120.8Capital expenditure−73.2Free cash flow47.6 +11.5%Fiscal year 2019Operating cash flow116.8Capital expenditure−103.2Free cash flow13.7 −71.3%Fiscal year 2020Operating cash flow139.9Capital expenditure−108.1Free cash flow31.8 +132.8%Fiscal year 2021Operating cash flow182.7Capital expenditure−123.3Free cash flow59.4 +86.8%Fiscal year 2022Operating cash flow217.3Capital expenditure−131.0Free cash flow86.4 +45.3%Fiscal year 2023Operating cash flow233.1Capital expenditure−154.9Free cash flow78.2 −9.5%Fiscal year 2024Operating cash flow281.4Capital expenditure−203.2Free cash flow78.1 −0.1%Fiscal year 2025Operating cash flow329.8Capital expenditure−245.1Free cash flow84.7 +8.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 80.4 107.5 120.8 116.8 139.9 182.7 217.3 233.1 281.4 329.8
Capital expenditure −54.2 −64.9 −73.2 −103.2 −108.1 −123.3 −131.0 −154.9 −203.2 −245.1
Free cash flow 26.2 42.7 47.6 13.7 31.8 59.4 86.4 78.2 78.1 84.7
Growth +62.9% +11.5% −71.3% +132.8% +86.8% +45.3% −9.5% −0.1% +8.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash2.5Shareholders’ equity−24.5Fiscal year 2017Cash2.0Shareholders’ equity−37.9Fiscal year 2018Cash4.0Shareholders’ equity−15.8Fiscal year 2019Cash3.5Shareholders’ equity122.8Fiscal year 2020Cash154.3Shareholders’ equity362.1Fiscal year 2021Cash33.8Shareholders’ equity422.5Fiscal year 2022Cash71.2Shareholders’ equity497.9Fiscal year 2023Cash220.9Shareholders’ equity1,021.8Fiscal year 2024Cash358.3Shareholders’ equity1,550.8Fiscal year 2025Cash123.8Shareholders’ equity1,568.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.5 2.0 4.0 3.5 154.3 33.8 71.2 220.9 358.3 123.8
Shareholders’ equity −24.5 −37.9 −15.8 122.8 362.1 422.5 497.9 1,021.8 1,550.8 1,568.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
565.0 599.3 660.7 743.3 774.6 889.2 1,085.1 1,264.5 1,557.3 1,836.8
Growth +6.1% +10.2% +12.5% +4.2% +14.8% +22.0% +16.5% +23.1% +18.0%
382.0 405.2 453.3 508.7 515.6 582.4 723.1 832.0 1,027.3 1,216.6
75.4 79.2 84.8 92.8 102.4 118.8 133.4 155.8 190.8 224.2
44.9 −12.6 39.7 53.1 59.3 77.7 95.4 80.4 72.8 63.7
Growth −128.0% +33.6% +11.7% +31.0% +22.8% −15.7% −9.5% −12.5%
−6.4 −37.1 6.0 29.8 38.3 58.0 75.0 37.0 21.0 13.1
0.5 −15.3 −0.4 −1.9 −52.8 16.9 21.9 11.6 7.5 5.2
−6.8 −21.8 6.4 31.7 91.1 41.1 53.1 25.4 13.5 7.9
Growth +393.0% +187.8% −54.9% +29.1% −52.1% −46.7% −41.9%
Per share
−0.17 −0.52 0.15 0.67 1.87 0.80 1.03 0.46 0.23 0.12
−0.17 −0.52 0.15 0.66 1.86 0.80 1.03 0.46 0.23 0.12
Growth +340.0% +181.8% −57.0% +28.7% −55.3% −50.0% −47.8%
41.2 41.8 42.7 47.2 48.8 51.3 51.6 55.2 59.6 63.5
41.2 41.8 44.2 48.0 49.0 51.5 51.8 55.3 59.7 63.6
Growth +1.5% +5.5% +8.6% +2.2% +5.0% +0.5% +6.8% +8.0% +6.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 18.9% a year over five years, and earnings per share fell 42.2% a year.
  • The diluted share count rose 29.6% in five years, which is dilution.
  • Operating margin is down 4.2 points on five years ago, at 3.5%.
  • A net loss in 2 of 10 years on file.