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...
CWST Q4 FY2025 Key Financial Metrics
Revenue
$469.1M
Gross Profit
$156.2M
Operating Profit
$11.9M
Net Profit
$-2.5M
Gross Margin
33.3%
Operating Margin
2.5%
Net Margin
-0.5%
YoY Growth
9.7%
EPS
$-0.04
CASELLA WASTE SYSTEMS INC Q4 FY2025 Financial Summary
CASELLA WASTE SYSTEMS INC reported revenue of $469.1M (up 9.7% YoY) for Q4 FY2025, with a net profit of $-2.5M (down 151.5% YoY) (-0.5% margin). Cost of goods sold was $312.8M, operating expenses totaled $144.3M.
Key Financial Metrics
| Total Revenue | $469.1M |
|---|---|
| Net Profit | $-2.5M |
| Gross Margin | 33.3% |
| Operating Margin | 2.5% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
CASELLA WASTE SYSTEMS INC Q4 FY2025 revenue of $469.1M breaks down across 8 segments, led by Transferred Over Time at $120.9M (25.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred Over Time | $120.9M | 25.8% |
| Resource Solutions Region | $92.9M | 19.8% |
| Collection | $90.9M | 19.4% |
| Mid Atlantic Region | $89.6M | 19.1% |
| National Accounts | $60.9M | 13.0% |
| Landfill Revenue | $8.3M | 1.8% |
| Processing Services | $2.1M | 0.5% |
| Transportation | $1.4M | 0.3% |
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 Resource Solutions Region) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Transferred Over Time | $120.9M | — | — | — |
| Resource Solutions Region | $92.9M | — | — | — |
| Collection | $90.9M | — | $89.3M | $81.1M |
| Mid Atlantic Region | $89.6M | $91.1M | — | — |
| National Accounts | $60.9M | $60.0M | $55.2M | $50.2M |
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).
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 |