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CASELLA WASTE SYSTEMS INC（CWST）与UiPath, Inc.（PATH）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UiPath, Inc.的1.4倍（$557.2M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs -1.0%，领先49.4%），UiPath, Inc.同比增速更快（15.9% vs 9.6%），CASELLA WASTE SYSTEMS INC自由现金流更多（$30.7M vs $25.1M），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（21.5% vs 0.7%）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
CWST vs PATH — 直观对比
营收规模更大
CWST
是对方的1.4倍
$411.1M
营收增速更快
PATH
高出6.3%
9.6%
净利率更高
PATH
高出49.4%
-1.0%
自由现金流更多
CWST
多$5.5M
$25.1M
两年增速更快
CWST
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $557.2M | $411.1M |
| 净利润 | $-5.5M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 0.9% | 3.2% |
| 净利率 | -1.0% | 48.4% |
| 营收同比 | 9.6% | 15.9% |
| 净利润同比 | -15.2% | 1966.2% |
| 每股收益（稀释后） | $-0.09 | $0.37 |
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CWSTPATH
| Q1 26 | $557.2M | — | ||
| Q4 25 | $469.1M | $411.1M | ||
| Q3 25 | $485.4M | $361.7M | ||
| Q2 25 | $465.3M | $356.6M | ||
| Q1 25 | $417.1M | $423.6M | ||
| Q4 24 | $427.5M | $354.7M | ||
| Q3 24 | $411.6M | $316.3M | ||
| Q2 24 | $377.2M | $335.1M |
净利润CWSTPATH
| Q1 26 | $-5.5M | — | ||
| Q4 25 | $-2.5M | $198.8M | ||
| Q3 25 | $10.0M | $1.6M | ||
| Q2 25 | $5.2M | $-22.6M | ||
| Q1 25 | $-4.8M | $51.8M | ||
| Q4 24 | $4.9M | $-10.7M | ||
| Q3 24 | $5.8M | $-86.1M | ||
| Q2 24 | $7.0M | $-28.7M |
毛利率CWSTPATH
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | 83.3% | ||
| Q3 25 | 35.0% | 82.2% | ||
| Q2 25 | 33.8% | 82.1% | ||
| Q1 25 | 32.8% | 84.8% | ||
| Q4 24 | 33.2% | 82.0% | ||
| Q3 24 | 35.1% | 80.0% | ||
| Q2 24 | 35.4% | 83.5% |
营业利润率CWSTPATH
| Q1 26 | 0.9% | — | ||
| Q4 25 | 2.5% | 3.2% | ||
| Q3 25 | 6.1% | -5.6% | ||
| Q2 25 | 4.1% | -4.6% | ||
| Q1 25 | 0.8% | 7.9% | ||
| Q4 24 | 4.3% | -12.2% | ||
| Q3 24 | 5.9% | -32.7% | ||
| Q2 24 | 6.1% | -14.8% |
净利率CWSTPATH
| Q1 26 | -1.0% | — | ||
| Q4 25 | -0.5% | 48.4% | ||
| Q3 25 | 2.1% | 0.4% | ||
| Q2 25 | 1.1% | -6.3% | ||
| Q1 25 | -1.2% | 12.2% | ||
| Q4 24 | 1.1% | -3.0% | ||
| Q3 24 | 1.4% | -27.2% | ||
| Q2 24 | 1.9% | -8.6% |
每股收益（稀释后）CWSTPATH
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $-0.04 | $0.37 | ||
| Q3 25 | $0.16 | $0.00 | ||
| Q2 25 | $0.08 | $-0.04 | ||
| Q1 25 | $-0.08 | $0.09 | ||
| Q4 24 | $0.08 | $-0.02 | ||
| Q3 24 | $0.10 | $-0.15 | ||
| Q2 24 | $0.12 | $-0.05 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $1.9B |
| 总资产 | $3.3B | $2.9B |
| 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CWSTPATH
| Q1 26 | $126.9M | — | ||
| Q4 25 | $123.8M | $1.4B | ||
| Q3 25 | $192.7M | $1.4B | ||
| Q2 25 | $217.8M | $1.6B | ||
| Q1 25 | $267.7M | $1.6B | ||
| Q4 24 | $358.3M | $1.6B | ||
| Q3 24 | $519.0M | $1.7B | ||
| Q2 24 | $208.5M | $1.9B |
总债务CWSTPATH
| 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CWSTPATH
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.0B | $2.0B |
总资产CWSTPATH
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $2.9B | ||
| Q3 25 | $3.3B | $2.6B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.2B | $2.9B | ||
| Q4 24 | $3.2B | $2.7B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.5B | $2.8B |
负债/权益比CWSTPATH
| 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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $30.7M | $25.1M |
| 自由现金流率自由现金流/营收 | 5.5% | 6.1% |
| 资本支出强度资本支出/营收 | 9.0% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 0.14× |
| 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CWSTPATH
| Q1 26 | $62.3M | — | ||
| Q4 25 | $96.6M | $28.3M | ||
| Q3 25 | $93.6M | $41.6M | ||
| Q2 25 | $89.5M | $119.0M | ||
| Q1 25 | $50.1M | $146.1M | ||
| Q4 24 | $109.8M | $28.1M | ||
| Q3 24 | $91.8M | $46.4M | ||
| Q2 24 | $72.1M | $100.0M |
自由现金流CWSTPATH
| Q1 26 | $30.7M | — | ||
| Q4 25 | $39.3M | $25.1M | ||
| Q3 25 | $27.6M | — | ||
| Q2 25 | $23.1M | $106.2M | ||
| Q1 25 | $-5.4M | $138.7M | ||
| Q4 24 | $32.9M | $23.2M | ||
| Q3 24 | $40.4M | $45.0M | ||
| Q2 24 | $27.5M | $98.8M |
自由现金流率CWSTPATH
| Q1 26 | 5.5% | — | ||
| Q4 25 | 8.4% | 6.1% | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 5.0% | 29.8% | ||
| Q1 25 | -1.3% | 32.7% | ||
| Q4 24 | 7.7% | 6.5% | ||
| Q3 24 | 9.8% | 14.2% | ||
| Q2 24 | 7.3% | 29.5% |
资本支出强度CWSTPATH
| Q1 26 | 9.0% | — | ||
| Q4 25 | 12.2% | 0.8% | ||
| Q3 25 | 13.6% | 0.0% | ||
| Q2 25 | 14.3% | 3.6% | ||
| Q1 25 | 13.3% | 1.7% | ||
| Q4 24 | 18.0% | 1.4% | ||
| Q3 24 | 12.5% | 0.4% | ||
| Q2 24 | 11.8% | 0.4% |
现金转化率CWSTPATH
| Q1 26 | — | — | ||
| Q4 25 | — | 0.14× | ||
| Q3 25 | 9.37× | 26.25× | ||
| Q2 25 | 17.19× | — | ||
| Q1 25 | — | 2.82× | ||
| Q4 24 | 22.51× | — | ||
| Q3 24 | 15.91× | — | ||
| Q2 24 | 10.29× | — |
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
