Casella Waste Systems Inc (CWST)
Casella Waste Systems Inc brought in $2B of revenue over the twelve months to September 30, 2026, up 13.0% from a year earlier. It posted a net loss of $11.3M. Operating cash flow minus capital spending left $84.7M of free cash flow in fiscal 2025. At September 30, 2026 it held $11.7M in cash against $1.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Casella Waste Systems Inc
- Net worth
- Casella Waste Systems Inc has a market value (market cap) of $5.9B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.8B (+18.0% year on year), with net income of $7.9M. Over the 12 months to September 30, 2026: revenue $2B, net loss $11.3M.
- Cash flow
- In fiscal 2025 operations brought in $329.8M of cash; after $245.1M of capital spending, free cash flow was $84.7M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Casella Waste Systems Inc's next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Casella Waste Systems Inc does
Casella Waste Systems Inc is registered with the SEC under industry code SIC 4953 (Refuse Systems). Its shares trade on NASDAQ under the ticker CWST.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.8B | $7.9M | $0.12 | $84.7M |
| 2024 | $1.6B | $13.5M | $0.23 | $78.1M |
| 2023 | $1.3B | $25.4M | $0.46 | $78.2M |
| 2022 | $1.1B | $53.1M | $1.03 | $86.4M |
| 2021 | $889.2M | $41.1M | $0.80 | $59.4M |
| 2020 | $774.6M | $91.1M | $1.86 | $31.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CWST ranks in Utilities
Latest SEC filings
What Casella Waste Systems Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 15% to $559.2M versus the same quarter last year; diluted EPS -$0.11 versus $0.16.
- November 9, 2026
- October 9, 2026Passive stake changed SCHEDULE 13G/A
- October 1, 2026
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 17% to $543.7M versus the same quarter last year; diluted EPS $0.06 versus $0.08.
- August 6, 2026
- July 20, 2026
- July 9, 2026Passive stake (5% or more) SCHEDULE 13G
- July 1, 2026
- June 8, 2026
What is CWST worth? A DCF from its reported cash flow
Insider trades
What the people running Casella Waste Systems Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 3, 2026 | Burke Michael KDirector | Sold | 1,100 | $104.8K |
| August 26, 2026 | Burke Michael KDirector | Sold | 1,100 | $102.3K |
| August 14, 2026 | Casella Douglas RVICE CHAIRMAN, BD OF DIRECTORS, Director | Sold | 1,343 | $122.4K |
| August 13, 2026 | Casella Douglas RVICE CHAIRMAN, BD OF DIRECTORS, Director | Sold | 1,838 | $167.1K |
| August 13, 2026 | Casella Douglas RVICE CHAIRMAN, BD OF DIRECTORS, Director | Sold | 13,319 | $1.2M |
| June 8, 2026 | Green Emily NagleDirector | Gave as a gift | 600 | - |
| June 4, 2026 | Casella Douglas RVICE CHAIRMAN, BD OF DIRECTORS, Director | Received as pay | 1,793 | $150K |
| June 4, 2026 | Doody JosephDirector | Received as pay | 1,793 | $150K |
Who owns CWST
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Wasatch Advisors LP13G, passive | 5.6% | July 9, 2026 |
| Conestoga Capital Advisors13G, passive | 5.51% | January 10, 2025 |
| Vanguard Portfolio Management13G, passive | 5.45% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.23% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 417 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 9,390,112 | +342,840 |
| Wasatch Advisors LP | 3,531,594 | +949,374 |
| Vanguard Portfolio Management LLC | 3,448,748 | +95,507 |
| Vanguard Capital Management LLC | 2,823,033 | +24,106 |
| State Street Corp | 2,520,170 | +130,973 |
| Conestoga Capital Advisors, LLC | 2,336,156 | -468,319 |
| Capital International Investors | 2,054,399 | +101,579 |
| Capital Research Global Investors | 2,028,646 | -301,519 |
| Geode Capital Management, LLC | 1,647,147 | +93,984 |
| Jpmorgan Chase & Co | 1,544,116 | +185,242 |
| Invesco Ltd. | 1,459,009 | -194,429 |
| Neuberger Berman Group LLC | 1,434,463 | +480,686 |
| Earnest Partners LLC | 1,399,698 | +266,621 |
| Wellington Management Group Llp | 1,292,101 | +80,299 |
| Clearbridge Investments, LLC | 1,219,835 | +78,106 |
| Morgan Stanley | 1,213,469 | +18,175 |
| Dimensional Fund Advisors LP | 1,184,196 | +117,064 |
| Silvercrest Asset Management Group LLC | 1,181,941 | -70,101 |
| Pictet Asset Management Holding SA | 1,052,330 | +127,955 |
| Bamco Inc | 965,239 | +246,778 |
Insiders
15 insiders reported holding 992,777 shares in total, about $92.3M at the last price.
| Holder | Shares |
|---|---|
| Casella Douglas RVICE CHAIRMAN, BD OF DIRECTORS, Director | 390,141171,000 held indirectly |
| Casella John WDirector | 328,395167,800 held indirectly |
| Coletta EdmondPRESIDENT & CEO | 140,118 |
| Sayward Shelley E.SENIOR VP & GENERAL COUNSEL | 28,369 |
| Green Emily NagleDirector | 16,902 |
| Burke Michael KDirector | 13,641 |
| Doody JosephDirector | 13,143 |
| Battles Michael LouisDirector | 10,289 |
| Kirk Rose M.Director | 9,835 |
| Steves SeanSr VP & COO of SW Ops | 9,375 |
Questions about CWST
What does Casella Waste Systems Inc do?
Casella Waste Systems Inc is a company in the Utilities sector, listed on NASDAQ as CWST. Its shares trade on NASDAQ under the ticker CWST.
What is Casella Waste Systems Inc's net worth?
Casella Waste Systems Inc has a market value (market cap) of $5.9B at the latest share price, and shareholders' equity of $1.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Casella Waste Systems Inc profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $11.3M on revenue of $2B.
How much revenue does Casella Waste Systems Inc make?
Over the twelve months to September 30, 2026 Casella Waste Systems Inc reported revenue of $2B. That is 13.0% more than a year earlier.
When did Casella Waste Systems Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Casella Waste Systems Inc's next earnings report?
Casella Waste Systems Inc's next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Casella Waste Systems Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.