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Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. The company offers resource management expertise and services primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services to residential, commercial, municipal, institutional, and industrial customers. It also provides non-hazardous solid waste services, including collections, transfer stations, recycling, and disposal operations. In addition, the company markets various materials, including fibers, such as corrugated cardboard and newsprint, plastics, glass, ferrous, and aluminum metals. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $379M | $8M | $84M | 0.5% | 18.0% | -41.9% |
| 2024 | $1.6B | $315M | $14M | $78M | 0.9% | 23.1% | -46.7% |
| 2023 | $1.3B | $252M | $25M | $78M | 2.5% | 16.5% | -52.1% |
| 2022 | $1.1B | $225M | $53M | $86M | 10.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,085.09 | 1,264.54 | 1,557.28 | 1,836.84 |
| Cost Of Revenue | - | 723.12 | 832.04 | 1,027.34 | 1,216.60 |
| Gross Profit | - | 361.97 | 432.50 | 529.95 | 620.24 |
| Operating Expense | - | 260.53 | 330.42 | 423.92 | 531.05 |
| Operating Income | - | 101.44 | 102.08 | 106.02 | 89.18 |
| EBITDA | - | 225.04 | 252.37 | 315.41 | 379.41 |
| EBIT | - | 98.69 | 81.66 | 80.50 | 72.57 |
| Pretax Income | - | 74.97 | 37.04 | 21.05 | 13.05 |
| Tax Provision | - | 21.89 | 11.65 | 7.51 | 5.18 |
| Net Income | - | 53.08 | 25.40 | 13.54 | 7.87 |
| Net Income Common Stockholders | - | 53.08 | 25.40 | 13.54 | 7.87 |
| Total Expenses | - | 983.65 | 1,162.46 | 1,451.26 | 1,747.66 |
| Interest Expense | - | 23.72 | 44.62 | 59.45 | 59.52 |
| Interest Income | - | 0.71 | 10.74 | 10.43 | 9.95 |
| Selling General And Administration | - | 133.42 | 155.85 | 190.75 | 224.22 |
| Normalized EBITDA | - | 231.09 | 282.21 | 350.07 | 404.92 |
| Normalized Income | - | 57.36 | 45.86 | 35.82 | 23.26 |
| Market Cap | 5,100.87 | 5,100.87 | 5,100.87 | 5,100.87 | 5,100.87 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Casella Waste Systems, Inc.this co. | CWST | - | 648.06↑ premium | 3.25 | 0.5% | 16.38 |
| Pitney Bowes Inc. | PBI | $2.7B | 16.10 | -2.90 | -18.0% | 10.27 |
| DXP Enterprises, Inc. | DXPE | $2.7B | 29.67 | 5.28 | 17.8% | 14.78 |
| Hub Group, Inc. | HUBG | $2.6B | 25.22 | 1.59 | 6.3% | 8.93 |
| The GEO Group, Inc. | GEO | $2.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| 9.82 |
| 1.66 |
| 16.9% |
| 6.62 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.02 | 2.35 | 23.5% | 8.15 |
| Robert Half Inc. | RHI | $2.6B | 19.72 | 2.06 | 10.4% | 15.20 |
| ABM Industries Incorporated | ABM | $2.5B | 14.47 | 1.32 | 9.1% | 9.30 |
| Alamo Group Inc. | ALG | $2.1B | 20.15 | 1.82 | 9.0% | 9.51 |
| Peer Median | - | 17.91 | 1.74 | 9.8% | 9.40 | |