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CASELLA WASTE SYSTEMS INC（CWST）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
CASELLA WASTE SYSTEMS INC的季度营收约是Gaming & Leisure Properties, Inc.的1.3倍（$557.2M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs -1.0%，领先58.0%），CASELLA WASTE SYSTEMS INC同比增速更快（9.6% vs 6.3%），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（21.5% vs 5.0%）
Casella Waste Systems Inc.是总部位于美国佛蒙特州拉特兰的废弃物管理企业，1975年创立时仅靠一辆卡车起步，现为区域型垂直一体化固体废物服务提供商，面向住宅、商业、市政及工业客户提供固废收集处置、中转、回收、有机废弃物处理等专业资源管理服务。
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
CWST vs GLPI — 直观对比
营收规模更大
CWST
是对方的1.3倍
$420.0M
营收增速更快
CWST
高出3.4%
6.3%
净利率更高
GLPI
高出58.0%
-1.0%
两年增速更快
CWST
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $557.2M | $420.0M |
| 净利润 | $-5.5M | $239.4M |
| 毛利率 | — | — |
| 营业利润率 | 0.9% | 79.4% |
| 净利率 | -1.0% | 57.0% |
| 营收同比 | 9.6% | 6.3% |
| 净利润同比 | -15.2% | 40.5% |
| 每股收益（稀释后） | $-0.09 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CWSTGLPI
| Q1 26 | $557.2M | $420.0M | ||
| Q4 25 | $469.1M | $407.0M | ||
| Q3 25 | $485.4M | $397.6M | ||
| Q2 25 | $465.3M | $394.9M | ||
| Q1 25 | $417.1M | $395.2M | ||
| Q4 24 | $427.5M | $389.6M | ||
| Q3 24 | $411.6M | $385.3M | ||
| Q2 24 | $377.2M | $380.6M |
净利润CWSTGLPI
| Q1 26 | $-5.5M | $239.4M | ||
| Q4 25 | $-2.5M | $275.4M | ||
| Q3 25 | $10.0M | $241.2M | ||
| Q2 25 | $5.2M | $151.4M | ||
| Q1 25 | $-4.8M | $165.2M | ||
| Q4 24 | $4.9M | $223.6M | ||
| Q3 24 | $5.8M | $184.7M | ||
| Q2 24 | $7.0M | $208.3M |
毛利率CWSTGLPI
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | — | ||
| Q3 25 | 35.0% | — | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 32.8% | — | ||
| Q4 24 | 33.2% | — | ||
| Q3 24 | 35.1% | — | ||
| Q2 24 | 35.4% | — |
营业利润率CWSTGLPI
| Q1 26 | 0.9% | 79.4% | ||
| Q4 25 | 2.5% | 89.3% | ||
| Q3 25 | 6.1% | 84.8% | ||
| Q2 25 | 4.1% | 61.3% | ||
| Q1 25 | 0.8% | 65.5% | ||
| Q4 24 | 4.3% | 79.1% | ||
| Q3 24 | 5.9% | 70.4% | ||
| Q2 24 | 6.1% | 77.1% |
净利率CWSTGLPI
| Q1 26 | -1.0% | 57.0% | ||
| Q4 25 | -0.5% | 67.6% | ||
| Q3 25 | 2.1% | 60.7% | ||
| Q2 25 | 1.1% | 38.4% | ||
| Q1 25 | -1.2% | 41.8% | ||
| Q4 24 | 1.1% | 57.4% | ||
| Q3 24 | 1.4% | 47.9% | ||
| Q2 24 | 1.9% | 54.7% |
每股收益（稀释后）CWSTGLPI
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $-0.04 | $0.96 | ||
| Q3 25 | $0.16 | $0.85 | ||
| Q2 25 | $0.08 | $0.54 | ||
| Q1 25 | $-0.08 | $0.60 | ||
| Q4 24 | $0.08 | $0.79 | ||
| Q3 24 | $0.10 | $0.67 | ||
| Q2 24 | $0.12 | $0.77 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $126.9M | $274.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $5.0B |
| 总资产 | $3.3B | $13.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CWSTGLPI
| Q1 26 | $126.9M | $274.5M | ||
| Q4 25 | $123.8M | — | ||
| Q3 25 | $192.7M | — | ||
| Q2 25 | $217.8M | — | ||
| Q1 25 | $267.7M | — | ||
| Q4 24 | $358.3M | $560.8M | ||
| Q3 24 | $519.0M | $560.8M | ||
| Q2 24 | $208.5M | $560.8M |
总债务CWSTGLPI
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $7.2B | ||
| Q3 25 | $1.1B | $7.2B | ||
| Q2 25 | $1.1B | $6.9B | ||
| Q1 25 | $1.1B | $6.9B | ||
| Q4 24 | $1.1B | $7.7B | ||
| Q3 24 | $1.0B | $7.4B | ||
| Q2 24 | $976.6M | $6.6B |
股东权益CWSTGLPI
| Q1 26 | $1.6B | $5.0B | ||
| Q4 25 | $1.6B | $4.6B | ||
| Q3 25 | $1.6B | $4.6B | ||
| Q2 25 | $1.6B | $4.6B | ||
| Q1 25 | $1.5B | $4.2B | ||
| Q4 24 | $1.6B | $4.3B | ||
| Q3 24 | $1.5B | $4.3B | ||
| Q2 24 | $1.0B | $4.1B |
总资产CWSTGLPI
| Q1 26 | $3.3B | $13.8B | ||
| Q4 25 | $3.3B | $12.9B | ||
| Q3 25 | $3.3B | $12.8B | ||
| Q2 25 | $3.3B | $12.5B | ||
| Q1 25 | $3.2B | $12.1B | ||
| Q4 24 | $3.2B | $13.1B | ||
| Q3 24 | $3.1B | $12.7B | ||
| Q2 24 | $2.5B | $11.8B |
负债/权益比CWSTGLPI
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 1.56× | ||
| Q3 25 | 0.72× | 1.57× | ||
| Q2 25 | 0.72× | 1.51× | ||
| Q1 25 | 0.72× | 1.63× | ||
| Q4 24 | 0.70× | 1.81× | ||
| Q3 24 | 0.68× | 1.74× | ||
| Q2 24 | 0.94× | 1.60× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $62.3M | — |
| 自由现金流经营现金流 - 资本支出 | $30.7M | — |
| 自由现金流率自由现金流/营收 | 5.5% | — |
| 资本支出强度资本支出/营收 | 9.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $120.7M | — |
8季度趋势，按日历期对齐
经营现金流CWSTGLPI
| Q1 26 | $62.3M | — | ||
| Q4 25 | $96.6M | $1.1B | ||
| Q3 25 | $93.6M | $240.3M | ||
| Q2 25 | $89.5M | $293.4M | ||
| Q1 25 | $50.1M | $252.5M | ||
| Q4 24 | $109.8M | $1.1B | ||
| Q3 24 | $91.8M | $270.4M | ||
| Q2 24 | $72.1M | $252.1M |
自由现金流CWSTGLPI
| Q1 26 | $30.7M | — | ||
| Q4 25 | $39.3M | — | ||
| Q3 25 | $27.6M | $183.0M | ||
| Q2 25 | $23.1M | $272.3M | ||
| Q1 25 | $-5.4M | $239.6M | ||
| Q4 24 | $32.9M | $1.1B | ||
| Q3 24 | $40.4M | $261.5M | ||
| Q2 24 | $27.5M | $245.0M |
自由现金流率CWSTGLPI
| Q1 26 | 5.5% | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 5.7% | 46.0% | ||
| Q2 25 | 5.0% | 69.0% | ||
| Q1 25 | -1.3% | 60.6% | ||
| Q4 24 | 7.7% | 275.3% | ||
| Q3 24 | 9.8% | 67.9% | ||
| Q2 24 | 7.3% | 64.4% |
资本支出强度CWSTGLPI
| Q1 26 | 9.0% | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 13.6% | 14.4% | ||
| Q2 25 | 14.3% | 5.3% | ||
| Q1 25 | 13.3% | 3.3% | ||
| Q4 24 | 18.0% | 0.0% | ||
| Q3 24 | 12.5% | 2.3% | ||
| Q2 24 | 11.8% | 1.9% |
现金转化率CWSTGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | 4.10× | ||
| Q3 25 | 9.37× | 1.00× | ||
| Q2 25 | 17.19× | 1.94× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | 22.51× | 4.80× | ||
| Q3 24 | 15.91× | 1.46× | ||
| Q2 24 | 10.29× | 1.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CWST
| Collection | $334.8M | 60% |
| Transfer station | $65.9M | 12% |
| Processing (ii) | $49.0M | 9% |
| Landfill | $48.0M | 9% |
| National Accounts (ii) | $45.6M | 8% |
| Transportation | $8.2M | 1% |
| Landfill gas-to-energy | $2.9M | 1% |
GLPI
暂无分部数据
