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Side-by-side financial comparison of CASELLA WASTE SYSTEMS INC (CWST) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

CASELLA WASTE SYSTEMS INC is the larger business by last-quarter revenue ($557.2M vs $270.8M, roughly 2.1× HUTCHMED (China) Ltd). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -1.0%, a 1.7% gap on every dollar of revenue. On growth, CASELLA WASTE SYSTEMS INC posted the faster year-over-year revenue change (9.6% vs -16.5%). CASELLA WASTE SYSTEMS INC produced more free cash flow last quarter ($30.7M vs $3.4M).

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...

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

CWST vs HCM — Head-to-Head

Bigger by revenue
CWST
CWST
2.1× larger
CWST
$557.2M
$270.8M
HCM
Growing faster (revenue YoY)
CWST
CWST
+26.2% gap
CWST
9.6%
-16.5%
HCM
Higher net margin
HCM
HCM
1.7% more per $
HCM
0.7%
-1.0%
CWST
More free cash flow
CWST
CWST
$27.3M more FCF
CWST
$30.7M
$3.4M
HCM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CWST
CWST
HCM
HCM
Revenue
$557.2M
$270.8M
Net Profit
$-5.5M
$2.0M
Gross Margin
37.7%
Operating Margin
0.9%
-13.2%
Net Margin
-1.0%
0.7%
Revenue YoY
9.6%
-16.5%
Net Profit YoY
-15.2%
-83.6%
EPS (diluted)
$-0.09
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWST
CWST
HCM
HCM
Q1 26
$557.2M
Q4 25
$469.1M
$270.8M
Q3 25
$485.4M
Q2 25
$465.3M
$277.7M
Q1 25
$417.1M
$324.5M
Q4 24
$427.5M
Q3 24
$411.6M
Q2 24
$377.2M
$305.7M
Net Profit
CWST
CWST
HCM
HCM
Q1 26
$-5.5M
Q4 25
$-2.5M
$2.0M
Q3 25
$10.0M
Q2 25
$5.2M
$455.0M
Q1 25
$-4.8M
$11.9M
Q4 24
$4.9M
Q3 24
$5.8M
Q2 24
$7.0M
$25.8M
Gross Margin
CWST
CWST
HCM
HCM
Q1 26
Q4 25
33.3%
37.7%
Q3 25
35.0%
Q2 25
33.8%
0.1%
Q1 25
32.8%
48.0%
Q4 24
33.2%
Q3 24
35.1%
Q2 24
35.4%
41.1%
Operating Margin
CWST
CWST
HCM
HCM
Q1 26
0.9%
Q4 25
2.5%
-13.2%
Q3 25
6.1%
Q2 25
4.1%
-1.3%
Q1 25
0.8%
-5.0%
Q4 24
4.3%
Q3 24
5.9%
Q2 24
6.1%
-9.0%
Net Margin
CWST
CWST
HCM
HCM
Q1 26
-1.0%
Q4 25
-0.5%
0.7%
Q3 25
2.1%
Q2 25
1.1%
163.8%
Q1 25
-1.2%
3.7%
Q4 24
1.1%
Q3 24
1.4%
Q2 24
1.9%
8.4%
EPS (diluted)
CWST
CWST
HCM
HCM
Q1 26
$-0.09
Q4 25
$-0.04
$0.00
Q3 25
$0.16
Q2 25
$0.08
$0.52
Q1 25
$-0.08
$0.01
Q4 24
$0.08
Q3 24
$0.10
Q2 24
$0.12
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWST
CWST
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$126.9M
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$1.6B
$1.2B
Total Assets
$3.3B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWST
CWST
HCM
HCM
Q1 26
$126.9M
Q4 25
$123.8M
$1.4B
Q3 25
$192.7M
Q2 25
$217.8M
$1.4B
Q1 25
$267.7M
$836.1M
Q4 24
$358.3M
Q3 24
$519.0M
Q2 24
$208.5M
$802.5M
Total Debt
CWST
CWST
HCM
HCM
Q1 26
Q4 25
$1.1B
$93.2M
Q3 25
$1.1B
Q2 25
$1.1B
$93.4M
Q1 25
$1.1B
$82.8M
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$976.6M
$82.1M
Stockholders' Equity
CWST
CWST
HCM
HCM
Q1 26
$1.6B
Q4 25
$1.6B
$1.2B
Q3 25
$1.6B
Q2 25
$1.6B
$1.2B
Q1 25
$1.5B
$759.9M
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.0B
$740.1M
Total Assets
CWST
CWST
HCM
HCM
Q1 26
$3.3B
Q4 25
$3.3B
$1.8B
Q3 25
$3.3B
Q2 25
$3.3B
$1.8B
Q1 25
$3.2B
$1.3B
Q4 24
$3.2B
Q3 24
$3.1B
Q2 24
$2.5B
$1.3B
Debt / Equity
CWST
CWST
HCM
HCM
Q1 26
Q4 25
0.72×
0.08×
Q3 25
0.72×
Q2 25
0.72×
0.08×
Q1 25
0.72×
0.11×
Q4 24
0.70×
Q3 24
0.68×
Q2 24
0.94×
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWST
CWST
HCM
HCM
Operating Cash FlowLast quarter
$62.3M
$8.2M
Free Cash FlowOCF − Capex
$30.7M
$3.4M
FCF MarginFCF / Revenue
5.5%
1.2%
Capex IntensityCapex / Revenue
9.0%
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$120.7M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWST
CWST
HCM
HCM
Q1 26
$62.3M
Q4 25
$96.6M
$8.2M
Q3 25
$93.6M
Q2 25
$89.5M
$-72.9M
Q1 25
$50.1M
$40.3M
Q4 24
$109.8M
Q3 24
$91.8M
Q2 24
$72.1M
$-39.8M
Free Cash Flow
CWST
CWST
HCM
HCM
Q1 26
$30.7M
Q4 25
$39.3M
$3.4M
Q3 25
$27.6M
Q2 25
$23.1M
$-82.2M
Q1 25
$-5.4M
$32.5M
Q4 24
$32.9M
Q3 24
$40.4M
Q2 24
$27.5M
$-49.9M
FCF Margin
CWST
CWST
HCM
HCM
Q1 26
5.5%
Q4 25
8.4%
1.2%
Q3 25
5.7%
Q2 25
5.0%
-29.6%
Q1 25
-1.3%
10.0%
Q4 24
7.7%
Q3 24
9.8%
Q2 24
7.3%
-16.3%
Capex Intensity
CWST
CWST
HCM
HCM
Q1 26
9.0%
Q4 25
12.2%
1.8%
Q3 25
13.6%
Q2 25
14.3%
3.3%
Q1 25
13.3%
2.4%
Q4 24
18.0%
Q3 24
12.5%
Q2 24
11.8%
3.3%
Cash Conversion
CWST
CWST
HCM
HCM
Q1 26
Q4 25
4.21×
Q3 25
9.37×
Q2 25
17.19×
-0.16×
Q1 25
3.38×
Q4 24
22.51×
Q3 24
15.91×
Q2 24
10.29×
-1.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CWST
CWST

Collection$334.8M60%
Transfer station$65.9M12%
Processing (ii)$49.0M9%
Landfill$48.0M9%
National Accounts (ii)$45.6M8%
Transportation$8.2M1%
Landfill gas-to-energy$2.9M1%

HCM
HCM

Segment breakdown not available.

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