Casella Waste Systems, Inc.

CWST Industrials Waste Management

Casella Waste Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 18.0% from fiscal 2024.

Revenue
+16.9%
EPS
−25.0%
Free cash flow
+14.2%
Total debt
+18.1%

Quarter to June 2026, against a year earlier

96.52 3.54 −3.54%
Market cap
$6.4B
P/E
1,109×
Fwd P/E
1,831×
Dividend yield
—
F-score
5/9
Altman Z
2.74
Beneish M
−2.82
Dividend safety
n/a

Casella Waste Systems, Inc. (CWST) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Casella Waste Systems, Inc. (CWST) trades at a EV/EBITDA of 19.5×. Over the past ten years it has ranged from 5.2× (October 2015) to 29.0× (November 2021); the current reading is higher than 38% of that period. That is above the Waste Management industry median of 17.1× and above the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 19.4× (14.57%)
FY2024 22.7× 5.01%
FY2023 21.6× 5.30%
FY2022 20.5× (23.11%)
FY2021 26.7× 19.31%
FY2020 22.4× 12.74%
FY2019 19.9× 38.38%
FY2018 14.3× (38.77%)
FY2017 23.4× 173.05%
FY2016 8.6× 23.87%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 19.0× 19.72%
Mar 2026 15.9× (18.09%)
Dec 2025 19.4× 2.03%
Sep 2025 19.0× (21.08%)
42 more quarters

Against its own ten years

Low 5.2× High 29.0×
Ten-year median 21.1×
Current reading's percentile 38

EV/EBITDA against peers

Company EV/EBITDA
OIO ESGL Holdings Limited compare n/m
NVRI Enviri Corporation compare n/m
CLH Clean Harbors, Inc. compare 12.7×
WM Waste Management, Inc. compare 15.1×
RSG Republic Services, Inc. compare 16.4×
ONT Onterris, Inc. compare 17.7×
GFL GFL Environmental Inc. compare 17.8×
WCN Waste Connections, Inc. compare 18.7×
CWST Casella Waste Systems, Inc. 19.5×
Waste Management industry median 17.1×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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