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) Free cash flow margin

Alert me on Free cash flow margin

Casella Waste Systems, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 5.45%, up 0.8 percentage points from fiscal 2025 (4.62%). Over the past ten years it has ranged from 1.94% (fiscal 2019) to 8.01% (fiscal 2022); the current reading is higher than 36% of that period. That is above the Waste Management industry median of 0.00% and above the Industrials sector median of 2.06%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 4.62% (0.47)
FY2024 5.09% (1.18)
FY2023 6.27% (1.74)
FY2022 8.01% 1.24
FY2021 6.77% 2.59
FY2020 4.18% 2.24
FY2019 1.94% (5.40)
FY2018 7.34% 0.10
FY2017 7.24% 2.36
FY2016 4.88% 1.00

Against its own ten years

Low 1.94% High 8.01%
Ten-year median 5.09%
Current reading's percentile 36

Free cash flow margin against peers

Company Free cash flow margin
RSG Republic Services, Inc. compare 14.9%
WM Waste Management, Inc. compare 14.4%
WCN Waste Connections, Inc. compare 11.9%
ONT Onterris, Inc. compare 11.6%
CLH Clean Harbors, Inc. compare 7.78%
CWST Casella Waste Systems, Inc. 5.45%
GFL GFL Environmental Inc. compare 4.15%
OIO ESGL Holdings Limited compare 0.00%
NVRI Enviri Corporation compare −16.2%
Waste Management industry median 0.00%
Industrials sector median 2.06%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

More on CWST