15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.9% per year over the past 5 years.
Net income has grown slower than revenue (-38.7% vs 18.9% per year).
Operating margin has contracted, at 3.5% in the latest year.
Free cash flow has grown 21.6% per year over the past 5 years.
Financial health
Operating income covered interest expense 1.0× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.8B
$8M
33.8%
3.5%
0.5%
0.2%
$85M
—
$124M
2024
$1.6B
$14M
34.0%
4.7%
0.9%
0.4%
$78M
—
$358M
2023
$1.3B
$25M
34.2%
6.4%
2.5%
1.0%
$78M
—
$221M
2022
$1.1B
$53M
33.4%
8.8%
10.7%
3.7%
$86M
—
$71M
2021
$889M
$41M
34.5%
8.7%
9.7%
3.2%
$59M
—
$34M
2020
$775M
$91M
33.4%
7.7%
25.2%
7.6%
$32M
—
$154M
2019
$743M
$32M
31.6%
7.1%
25.8%
3.4%
$14M
—
$3M
2018
$661M
$6M
31.4%
6.0%
-40.6%
0.9%
$48M
—
$4M
2017
$599M
-$22M
32.4%
-2.1%
57.6%
-3.5%
$43M
—
$2M
2016
$565M
-$7M
32.4%
8.0%
27.9%
-1.1%
$26M
—
$3M
2015
—
-$13M
—
—
60.3%
-2.0%
$21M
—
$2M
2014
—
-$23M
—
—
274.7%
-3.6%
—
—
$2M
2013
—
-$54M
—
—
-479.8%
-8.2%
—
—
$2M
2012
—
-$78M
—
—
-472.2%
-12.2%
—
—
$5M
2011
—
$38M
—
—
40.9%
5.6%
—
—
$2M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$544M
$4M
32.9%
3.7%
0.2%
0.1%
$26M
—
$26M
Mar '26
$457M
-$6M
32.4%
1.1%
-0.4%
-0.2%
$12M
—
$127M
Dec '25
$469M
-$3M
33.3%
2.5%
-0.2%
-0.1%
$39M
—
$124M
Sep '25
$485M
$10M
35.0%
6.1%
0.6%
0.3%
$28M
—
$193M
Jun '25
$465M
$5M
33.8%
4.1%
0.3%
0.2%
$23M
—
$218M
Mar '25
$417M
-$5M
32.8%
0.8%
-0.3%
-0.2%
-$5M
—
$268M
Dec '24
$427M
$5M
33.2%
4.3%
0.3%
0.2%
$33M
—
$358M
Sep '24
$412M
$6M
35.1%
5.9%
0.4%
0.2%
$40M
—
$519M
Jun '24
$377M
$7M
35.4%
6.1%
0.7%
0.3%
$27M
—
$209M
Mar '24
$341M
-$4M
32.3%
2.0%
-0.4%
-0.2%
-$23M
—
$189M
Dec '23
$360M
-$2M
33.5%
3.7%
-0.2%
-0.1%
$11M
—
$221M
Sep '23
$353M
$18M
35.8%
9.7%
1.8%
0.7%
$35M
—
$219M
Jun '23
$290M
$5M
35.7%
7.8%
0.5%
0.2%
$35M
—
$466M
Mar '23
$263M
$4M
31.4%
3.9%
0.7%
0.2%
-$2M
—
$60M
Dec '22
$272M
$8M
32.3%
6.3%
1.7%
0.6%
$22M
—
$71M
Sep '22
$295M
$23M
35.6%
12.3%
4.7%
1.6%
$27M
—
$48M
Jun '22
$284M
$18M
34.4%
11.2%
3.9%
1.3%
$26M
—
$39M
Mar '22
$234M
$4M
30.6%
4.3%
1.0%
0.3%
$12M
—
$13M
Dec '21
$242M
$9M
32.7%
6.7%
2.2%
0.7%
$7M
—
$34M
Sep '21
$242M
$16M
36.4%
11.3%
3.9%
1.2%
$30M
—
$46M
Valuation over time
How the market has priced CWST against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 99.1× (Mar '23) to 791.4× (Nov '26).
The price-to-sales ratio has fallen from 4.8× (Mar '23) to 3.4× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is CWST growing its revenue and profit?
Over the past 5 years, Casella Waste Systems Inc's revenue has grown 18.9% per year, and net income declined 38.7% per year. These are computed facts, not advice.
How much debt does CWST have?
As of FY2025, Casella Waste Systems Inc reported — of total debt against $124M of cash; operating income covered interest expense 1.0×.
What is CWST's profit margin?
In FY2025, gross margin was 33.8%, operating margin 3.5%, and net margin 0.4%.
What is CWST's P/E ratio?
Casella Waste Systems Inc's P/E (TTM) is 1092.06 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CWST stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 791.4× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.