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CASELLA WASTE SYSTEMS INC（CWST）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.1倍（$557.2M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs -1.0%，领先19.9%），CASELLA WASTE SYSTEMS INC同比增速更快（9.6% vs 4.1%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $30.7M），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（21.5% vs 12.1%）
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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
CWST vs OUT — 直观对比
营收规模更大
CWST
是对方的1.1倍
$513.3M
营收增速更快
CWST
高出5.6%
4.1%
净利率更高
OUT
高出19.9%
-1.0%
自由现金流更多
OUT
多$62.6M
$30.7M
两年增速更快
CWST
近两年复合增速
12.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $557.2M | $513.3M |
| 净利润 | $-5.5M | $96.8M |
| 毛利率 | — | — |
| 营业利润率 | 0.9% | 26.0% |
| 净利率 | -1.0% | 18.9% |
| 营收同比 | 9.6% | 4.1% |
| 净利润同比 | -15.2% | 30.8% |
| 每股收益（稀释后） | $-0.09 | $0.57 |
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CWSTOUT
| Q1 26 | $557.2M | — | ||
| Q4 25 | $469.1M | $513.3M | ||
| Q3 25 | $485.4M | $467.5M | ||
| Q2 25 | $465.3M | $460.2M | ||
| Q1 25 | $417.1M | $390.7M | ||
| Q4 24 | $427.5M | $493.2M | ||
| Q3 24 | $411.6M | $451.9M | ||
| Q2 24 | $377.2M | $477.3M |
净利润CWSTOUT
| Q1 26 | $-5.5M | — | ||
| Q4 25 | $-2.5M | $96.8M | ||
| Q3 25 | $10.0M | $51.3M | ||
| Q2 25 | $5.2M | $19.5M | ||
| Q1 25 | $-4.8M | $-20.6M | ||
| Q4 24 | $4.9M | $74.0M | ||
| Q3 24 | $5.8M | $34.6M | ||
| Q2 24 | $7.0M | $176.8M |
毛利率CWSTOUT
| 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CWSTOUT
| Q1 26 | 0.9% | — | ||
| Q4 25 | 2.5% | 26.0% | ||
| Q3 25 | 6.1% | 19.2% | ||
| Q2 25 | 4.1% | 12.2% | ||
| Q1 25 | 0.8% | 3.6% | ||
| Q4 24 | 4.3% | 22.5% | ||
| Q3 24 | 5.9% | 15.8% | ||
| Q2 24 | 6.1% | 48.0% |
净利率CWSTOUT
| Q1 26 | -1.0% | — | ||
| Q4 25 | -0.5% | 18.9% | ||
| Q3 25 | 2.1% | 11.0% | ||
| Q2 25 | 1.1% | 4.2% | ||
| Q1 25 | -1.2% | -5.3% | ||
| Q4 24 | 1.1% | 15.0% | ||
| Q3 24 | 1.4% | 7.7% | ||
| Q2 24 | 1.9% | 37.0% |
每股收益（稀释后）CWSTOUT
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $-0.04 | $0.57 | ||
| Q3 25 | $0.16 | $0.29 | ||
| Q2 25 | $0.08 | $0.10 | ||
| Q1 25 | $-0.08 | $-0.14 | ||
| Q4 24 | $0.08 | $0.49 | ||
| Q3 24 | $0.10 | $0.19 | ||
| Q2 24 | $0.12 | $1.01 |
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 | $99.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $710.4M |
| 总资产 | $3.3B | $5.3B |
| 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CWSTOUT
| Q1 26 | $126.9M | — | ||
| Q4 25 | $123.8M | $99.9M | ||
| Q3 25 | $192.7M | $63.0M | ||
| Q2 25 | $217.8M | $28.5M | ||
| Q1 25 | $267.7M | $30.5M | ||
| Q4 24 | $358.3M | $46.9M | ||
| Q3 24 | $519.0M | $28.0M | ||
| Q2 24 | $208.5M | $49.6M |
总债务CWSTOUT
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $976.6M | — |
股东权益CWSTOUT
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $710.4M | ||
| Q3 25 | $1.6B | $542.6M | ||
| Q2 25 | $1.6B | $539.1M | ||
| Q1 25 | $1.5B | $566.9M | ||
| Q4 24 | $1.6B | $649.0M | ||
| Q3 24 | $1.5B | $618.2M | ||
| Q2 24 | $1.0B | $664.9M |
总资产CWSTOUT
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $5.3B | ||
| Q3 25 | $3.3B | $5.2B | ||
| Q2 25 | $3.3B | $5.1B | ||
| Q1 25 | $3.2B | $5.1B | ||
| Q4 24 | $3.2B | $5.2B | ||
| Q3 24 | $3.1B | $5.2B | ||
| Q2 24 | $2.5B | $5.3B |
负债/权益比CWSTOUT
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.94× | — |
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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $30.7M | $93.3M |
| 自由现金流率自由现金流/营收 | 5.5% | 18.2% |
| 资本支出强度资本支出/营收 | 9.0% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 1.22× |
| 过去12个月自由现金流最近4个季度 | $120.7M | $218.8M |
8季度趋势，按日历期对齐
经营现金流CWSTOUT
| Q1 26 | $62.3M | — | ||
| Q4 25 | $96.6M | $118.1M | ||
| Q3 25 | $93.6M | $88.8M | ||
| Q2 25 | $89.5M | $67.1M | ||
| Q1 25 | $50.1M | $33.6M | ||
| Q4 24 | $109.8M | $124.5M | ||
| Q3 24 | $91.8M | $73.1M | ||
| Q2 24 | $72.1M | $71.0M |
自由现金流CWSTOUT
| Q1 26 | $30.7M | — | ||
| Q4 25 | $39.3M | $93.3M | ||
| Q3 25 | $27.6M | $67.7M | ||
| Q2 25 | $23.1M | $41.4M | ||
| Q1 25 | $-5.4M | $16.4M | ||
| Q4 24 | $32.9M | $106.3M | ||
| Q3 24 | $40.4M | $55.5M | ||
| Q2 24 | $27.5M | $47.1M |
自由现金流率CWSTOUT
| Q1 26 | 5.5% | — | ||
| Q4 25 | 8.4% | 18.2% | ||
| Q3 25 | 5.7% | 14.5% | ||
| Q2 25 | 5.0% | 9.0% | ||
| Q1 25 | -1.3% | 4.2% | ||
| Q4 24 | 7.7% | 21.6% | ||
| Q3 24 | 9.8% | 12.3% | ||
| Q2 24 | 7.3% | 9.9% |
资本支出强度CWSTOUT
| Q1 26 | 9.0% | — | ||
| Q4 25 | 12.2% | 4.8% | ||
| Q3 25 | 13.6% | 4.5% | ||
| Q2 25 | 14.3% | 5.6% | ||
| Q1 25 | 13.3% | 4.4% | ||
| Q4 24 | 18.0% | 3.7% | ||
| Q3 24 | 12.5% | 3.9% | ||
| Q2 24 | 11.8% | 5.0% |
现金转化率CWSTOUT
| Q1 26 | — | — | ||
| Q4 25 | — | 1.22× | ||
| Q3 25 | 9.37× | 1.73× | ||
| Q2 25 | 17.19× | 3.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.51× | 1.68× | ||
| Q3 24 | 15.91× | 2.11× | ||
| Q2 24 | 10.29× | 0.40× |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
