10x Insights
Loading account…
Companies / Industrials / Casella Waste Systems, Inc.
CWST

Casella Waste Systems, Inc.

IndustrialsElectric, Gas & Water
Ticker CWSTRUTLAND, VTFiscal year ends DecemberBook value per share $24.85Diluted shares 63.6M

Casella Waste Systems, Inc. (Nasdaq: CWST) is a regional, vertically integrated solid waste services company serving residential, commercial, municipal, institutional and industrial customers, primarily in the northeastern United States. Its services include waste collection, transfer and disposal, recycling, organics… From the company’s description.

In fiscal 2025, Casella Waste Systems, Inc. reported revenue of $1.84B, up 18.0% from fiscal 2024, and net income of $7.87M. Its operating margin was 3.5%, and operations generated $329.78M in cash. Over the twelve months to Jun 30, 2026, revenue was $1.96B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.84BFY2025
+18.0% year over year
Last 12 mo $1.96B
3.47%FY2025
−1.2 percentage points
Last 12 mo 3.38%
$7.87MFY2025
−41.9% year over year
Last 12 mo $5.70M
0.55%FY2025
−0.3 percentage points
Last 12 mo 0.36%
Cash & financing
$329.78MFY2025
+17.2% year over year
Last 12 mo $351.15M
$84.71MFY2025
+8.4% year over year
Last 12 mo $105.67M
0.74FY2025
Was 0.73× a year earlier
Last 12 mo 0.85
63.6MFY2025
+6.5% year over year
Last 12 mo 63.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Casella Waste Systems, Inc. does

In the company’s own words

Casella Waste Systems, Inc. (Nasdaq: CWST) is a regional, vertically integrated solid waste services company serving residential, commercial, municipal, institutional and industrial customers, primarily in the northeastern United States. Its services include waste collection, transfer and disposal, recycling, organics processing, and resource management solutions. Solid waste operations are organized into the Eastern, Western and Mid-Atlantic geographic segments, while Resource Solutions provides processing and resource management services across the company’s footprint; Corporate Entities houses administrative functions. Fiscal 2025 revenues were $472.6 million in the Eastern region, $663.2 million in the Western region, $341.1 million in the Mid-Atlantic region and $360.0 million in Resource Solutions. The company operates collection facilities, transfer stations, recycling and processing facilities, and landfills, including ten large-scale materials recovery facilities. Resource Solutions also includes National Accounts, which provides brokerage and customized services for large, complex organizations. Casella employed approximately 5,600 people as of January 31, 2026. Its website is www.casella.com.

Company details
Sector
Industrials
Industry (SIC)
Electric, Gas & Water
Headquarters
RUTLAND, VT
Fiscal year end
December
CIK
911177
SIC
4953

Financial performance, year by year

Fiscal 2013–2025 · USD
$-255.46M$347.53M$950.51M$1.55B$2.16B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Casella Waste Systems, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

365
funds hold it
0 of 35
superinvestors hold it
$3.62B
held by funds, at market
62.4%
of shares held by funds

Largest fund holders · Casella Waste Systems, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.33%of fund net assets
0.31%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.19%of fund net assets
Wasatch Core Growth Fund
WGROX · WASATCH FUNDS TRUST
4.85%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Casella Waste Systems, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Casella Waste Systems, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Casella Waste Systems, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.