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CASELLA WASTE SYSTEMS INC（CWST）与LGI Homes, Inc.（LGIH）财务数据对比。点击上方公司名可切换其他公司
LGI Homes, Inc.的季度营收约是CASELLA WASTE SYSTEMS INC的1.0倍（$474.0M vs $469.1M），LGI Homes, Inc.净利率更高（3.7% vs -0.5%，领先4.2%），CASELLA WASTE SYSTEMS INC同比增速更快（9.7% vs -15.0%），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（17.3% vs 10.1%）
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。
LGI Homes是一家总部位于美国得克萨斯州的新建住宅开发商，业务聚焦美国西南部地区。据《建筑商》杂志统计，该公司目前是美国第十大住宅建筑商，2019年共交付房屋7690套，较2018年增长18.1%，全年房屋销售营收达18亿美元，行业规模位居美国前列。
CWST vs LGIH — 直观对比
营收规模更大
LGIH
是对方的1.0倍
$469.1M
营收增速更快
CWST
高出24.7%
-15.0%
净利率更高
LGIH
高出4.2%
-0.5%
两年增速更快
CWST
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $469.1M | $474.0M |
| 净利润 | $-2.5M | $17.3M |
| 毛利率 | 33.3% | 17.7% |
| 营业利润率 | 2.5% | 3.9% |
| 净利率 | -0.5% | 3.7% |
| 营收同比 | 9.7% | -15.0% |
| 净利润同比 | -151.5% | -66.0% |
| 每股收益（稀释后） | $-0.04 | $0.74 |
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CWSTLGIH
| Q4 25 | $469.1M | $474.0M | ||
| Q3 25 | $485.4M | $396.6M | ||
| Q2 25 | $465.3M | $483.5M | ||
| Q1 25 | $417.1M | $351.4M | ||
| Q4 24 | $427.5M | $557.4M | ||
| Q3 24 | $411.6M | $651.9M | ||
| Q2 24 | $377.2M | $602.5M | ||
| Q1 24 | $341.0M | $390.9M |
净利润CWSTLGIH
| Q4 25 | $-2.5M | $17.3M | ||
| Q3 25 | $10.0M | $19.7M | ||
| Q2 25 | $5.2M | $31.5M | ||
| Q1 25 | $-4.8M | $4.0M | ||
| Q4 24 | $4.9M | $50.9M | ||
| Q3 24 | $5.8M | $69.6M | ||
| Q2 24 | $7.0M | $58.6M | ||
| Q1 24 | $-4.1M | $17.1M |
毛利率CWSTLGIH
| Q4 25 | 33.3% | 17.7% | ||
| Q3 25 | 35.0% | 21.5% | ||
| Q2 25 | 33.8% | 22.9% | ||
| Q1 25 | 32.8% | 21.0% | ||
| Q4 24 | 33.2% | 22.9% | ||
| Q3 24 | 35.1% | 25.1% | ||
| Q2 24 | 35.4% | 25.0% | ||
| Q1 24 | 32.3% | 23.4% |
营业利润率CWSTLGIH
| Q4 25 | 2.5% | 3.9% | ||
| Q3 25 | 6.1% | 5.4% | ||
| Q2 25 | 4.1% | 8.2% | ||
| Q1 25 | 0.8% | 0.0% | ||
| Q4 24 | 4.3% | 8.2% | ||
| Q3 24 | 5.9% | 12.3% | ||
| Q2 24 | 6.1% | 11.2% | ||
| Q1 24 | 2.0% | 4.8% |
净利率CWSTLGIH
| Q4 25 | -0.5% | 3.7% | ||
| Q3 25 | 2.1% | 5.0% | ||
| Q2 25 | 1.1% | 6.5% | ||
| Q1 25 | -1.2% | 1.1% | ||
| Q4 24 | 1.1% | 9.1% | ||
| Q3 24 | 1.4% | 10.7% | ||
| Q2 24 | 1.9% | 9.7% | ||
| Q1 24 | -1.2% | 4.4% |
每股收益（稀释后）CWSTLGIH
| Q4 25 | $-0.04 | $0.74 | ||
| Q3 25 | $0.16 | $0.85 | ||
| Q2 25 | $0.08 | $1.36 | ||
| Q1 25 | $-0.08 | $0.17 | ||
| Q4 24 | $0.08 | $2.15 | ||
| Q3 24 | $0.10 | $2.95 | ||
| Q2 24 | $0.12 | $2.48 | ||
| Q1 24 | $-0.07 | $0.72 |
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 | $123.8M | — |
| 总债务越低越好 | $1.1B | $1.7B |
| 股东权益账面价值 | $1.6B | $2.1B |
| 总资产 | $3.3B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资CWSTLGIH
| Q4 25 | $123.8M | — | ||
| Q3 25 | $192.7M | — | ||
| Q2 25 | $217.8M | — | ||
| Q1 25 | $267.7M | — | ||
| Q4 24 | $358.3M | $53.2M | ||
| Q3 24 | $519.0M | — | ||
| Q2 24 | $208.5M | — | ||
| Q1 24 | $189.5M | — |
总债务CWSTLGIH
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $976.6M | — | ||
| Q1 24 | $980.9M | — |
股东权益CWSTLGIH
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.5B | $2.0B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $1.0B | $1.9B |
总资产CWSTLGIH
| Q4 25 | $3.3B | $3.9B | ||
| Q3 25 | $3.3B | $4.0B | ||
| Q2 25 | $3.3B | $4.0B | ||
| Q1 25 | $3.2B | $3.9B | ||
| Q4 24 | $3.2B | $3.8B | ||
| Q3 24 | $3.1B | $3.8B | ||
| Q2 24 | $2.5B | $3.7B | ||
| Q1 24 | $2.5B | $3.5B |
负债/权益比CWSTLGIH
| Q4 25 | 0.72× | 0.79× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.70× | 0.73× | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 0.96× | — |
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 | $96.6M | $86.8M |
| 自由现金流经营现金流 - 资本支出 | $39.3M | — |
| 自由现金流率自由现金流/营收 | 8.4% | — |
| 资本支出强度资本支出/营收 | 12.2% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 5.01× |
| 过去12个月自由现金流最近4个季度 | $84.7M | — |
8季度趋势，按日历期对齐
经营现金流CWSTLGIH
| Q4 25 | $96.6M | $86.8M | ||
| Q3 25 | $93.6M | $-13.2M | ||
| Q2 25 | $89.5M | $-86.4M | ||
| Q1 25 | $50.1M | $-127.1M | ||
| Q4 24 | $109.8M | $57.0M | ||
| Q3 24 | $91.8M | $-17.8M | ||
| Q2 24 | $72.1M | $-83.5M | ||
| Q1 24 | $7.7M | $-99.5M |
自由现金流CWSTLGIH
| Q4 25 | $39.3M | — | ||
| Q3 25 | $27.6M | $-13.3M | ||
| Q2 25 | $23.1M | $-86.4M | ||
| Q1 25 | $-5.4M | $-128.0M | ||
| Q4 24 | $32.9M | $56.4M | ||
| Q3 24 | $40.4M | $-17.8M | ||
| Q2 24 | $27.5M | $-83.8M | ||
| Q1 24 | $-22.6M | $-100.5M |
自由现金流率CWSTLGIH
| Q4 25 | 8.4% | — | ||
| Q3 25 | 5.7% | -3.3% | ||
| Q2 25 | 5.0% | -17.9% | ||
| Q1 25 | -1.3% | -36.4% | ||
| Q4 24 | 7.7% | 10.1% | ||
| Q3 24 | 9.8% | -2.7% | ||
| Q2 24 | 7.3% | -13.9% | ||
| Q1 24 | -6.6% | -25.7% |
资本支出强度CWSTLGIH
| Q4 25 | 12.2% | 0.0% | ||
| Q3 25 | 13.6% | 0.0% | ||
| Q2 25 | 14.3% | 0.0% | ||
| Q1 25 | 13.3% | 0.2% | ||
| Q4 24 | 18.0% | 0.1% | ||
| Q3 24 | 12.5% | 0.0% | ||
| Q2 24 | 11.8% | 0.0% | ||
| Q1 24 | 8.9% | 0.3% |
现金转化率CWSTLGIH
| Q4 25 | — | 5.01× | ||
| Q3 25 | 9.37× | -0.67× | ||
| Q2 25 | 17.19× | -2.74× | ||
| Q1 25 | — | -31.83× | ||
| Q4 24 | 22.51× | 1.12× | ||
| Q3 24 | 15.91× | -0.26× | ||
| Q2 24 | 10.29× | -1.43× | ||
| Q1 24 | — | -5.83× |
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
| Transferred Over Time | $120.9M | 26% |
| Resource Solutions Region | $92.9M | 20% |
| Collection | $90.9M | 19% |
| Mid Atlantic Region | $89.6M | 19% |
| National Accounts | $60.9M | 13% |
| Landfill Revenue | $8.3M | 2% |
| Processing Services | $2.1M | 0% |
| Transportation | $1.4M | 0% |
LGIH
| West Reportable Segment | $128.2M | 27% |
| Southeast Reportable Segment | $118.9M | 25% |
| Central Reportable Segment | $105.8M | 22% |
| Florida Reportable Segment | $69.2M | 15% |
| Northwest Reportable Segment | $51.8M | 11% |
