CASELLA WASTE SYSTEMS INCCWSTEarnings & Financial Report
Casella Waste Systems, Inc. is a waste management company based in Rutland, Vermont, United States. Founded in 1975 with a single truck, Casella is a regional, vertically integrated solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The company provides integrated solid waste services in...
Revenue
$377.2M
Gross Profit
$133.4M
Operating Profit
$23.0M
Net Profit
$7.0M
Gross Margin
35.4%
Operating Margin
6.1%
Net Margin
1.9%
YoY Growth
30.2%
EPS
$0.12
CASELLA WASTE SYSTEMS INC Q2 FY2024 Financial Summary
CASELLA WASTE SYSTEMS INC reported revenue of $377.2M (up 30.2% YoY) for Q2 FY2024, with a net profit of $7.0M (up 27.6% YoY) (1.9% margin). Cost of goods sold was $243.8M, operating expenses totaled $110.4M.
Key Financial Metrics
| Total Revenue | $377.2M |
|---|---|
| Net Profit | $7.0M |
| Gross Margin | 35.4% |
| Operating Margin | 6.1% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
CASELLA WASTE SYSTEMS INC Q2 FY2024 revenue of $377.2M breaks down across 11 segments, led by Transferred Over Time at $106.4M (28.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred Over Time | $106.4M | 28.2% |
| Collection | $76.1M | 20.2% |
| Solid Waste Operations Disposal | $65.1M | 17.3% |
| National Accounts | $49.9M | 13.2% |
| Resource Solutions Operations Processing | $33.3M | 8.8% |
| Transfer Station | $18.6M | 4.9% |
| Transferred At Point In Time | $15.2M | 4.0% |
| Rebate Recycled Or Returned Organic Materials | $8.4M | 2.2% |
| Solid Waste Operations Processing | $2.9M | 0.8% |
| Solid Waste Operations Landfill Gas To Energy | $2.0M | 0.5% |
| Landfill Gas To Energy | $1.4M | 0.4% |
CASELLA WASTE SYSTEMS INC Revenue by Segment — Quarterly Trend
CASELLA WASTE SYSTEMS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Transferred Over Time and Collection) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Transferred Over Time | $120.9M | — | — | — |
| Collection | $90.9M | — | $89.3M | $81.1M |
| Solid Waste Operations Disposal | — | $73.4M | $71.6M | $53.7M |
| National Accounts | $60.9M | $60.0M | $55.2M | $50.2M |
| Resource Solutions Operations Processing | — | $33.2M | $36.5M | $32.0M |
CASELLA WASTE SYSTEMS INC Annual Revenue by Year
CASELLA WASTE SYSTEMS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.8B |
| 2024 | $1.6B |
| 2023 | $1.3B |
| 2022 | $1.1B |
CASELLA WASTE SYSTEMS INC Quarterly Revenue & Net Profit History
CASELLA WASTE SYSTEMS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $469.1M | +9.7% | $-2.5M | -0.5% |
| Q3 FY2025 | $485.4M | +17.9% | $10.0M | 2.1% |
| Q2 FY2025 | $465.3M | +23.4% | $5.2M | 1.1% |
| Q1 FY2025 | $417.1M | +22.3% | $-4.8M | -1.2% |
| Q4 FY2024 | $427.5M | +18.9% | $4.9M | 1.1% |
| Q3 FY2024 | $411.6M | +16.7% | $5.8M | 1.4% |
| Q2 FY2024 | $377.2M | +30.2% | $7.0M | 1.9% |
| Q1 FY2024 | $341.0M | +29.9% | $-4.1M | -1.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $341.0M | $377.2M | $411.6M | $427.5M | $417.1M | $465.3M | $485.4M | $469.1M |
| YoY Growth | 29.9% | 30.2% | 16.7% | 18.9% | 22.3% | 23.4% | 17.9% | 9.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.48B | $2.51B | $3.12B | $3.23B | $3.21B | $3.26B | $3.29B | $3.30B |
| Liabilities | $1.45B | $1.47B | $1.59B | $1.68B | $1.66B | $1.70B | $1.72B | $1.73B |
| Equity | $1.03B | $1.04B | $1.53B | $1.55B | $1.55B | $1.55B | $1.57B | $1.57B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.7M | $72.1M | $91.8M | $109.8M | $50.1M | $89.5M | $93.6M | $96.6M |