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CASELLA WASTE SYSTEMS INC（CWST）与PROGRESS SOFTWARE CORP（PRGS）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PROGRESS SOFTWARE CORP的2.2倍（$557.2M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -1.0%，领先11.2%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 9.6%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $30.7M），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（21.5% vs 17.0%）
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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
CWST vs PRGS — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $557.2M | $252.7M |
| 净利润 | $-5.5M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | 0.9% | 15.2% |
| 净利率 | -1.0% | 10.2% |
| 营收同比 | 9.6% | 17.5% |
| 净利润同比 | -15.2% | 2144.6% |
| 每股收益（稀释后） | $-0.09 | $0.59 |
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
| Q1 26 | $557.2M | — | ||
| Q4 25 | $469.1M | $252.7M | ||
| Q3 25 | $485.4M | $249.8M | ||
| Q2 25 | $465.3M | $237.4M | ||
| Q1 25 | $417.1M | $238.0M | ||
| Q4 24 | $427.5M | $215.0M | ||
| Q3 24 | $411.6M | $178.7M | ||
| Q2 24 | $377.2M | $175.1M |
| Q1 26 | $-5.5M | — | ||
| Q4 25 | $-2.5M | $25.7M | ||
| Q3 25 | $10.0M | $19.4M | ||
| Q2 25 | $5.2M | $17.0M | ||
| Q1 25 | $-4.8M | $10.9M | ||
| Q4 24 | $4.9M | $1.1M | ||
| Q3 24 | $5.8M | $28.5M | ||
| Q2 24 | $7.0M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | 81.6% | ||
| Q3 25 | 35.0% | 81.0% | ||
| Q2 25 | 33.8% | 80.1% | ||
| Q1 25 | 32.8% | 80.6% | ||
| Q4 24 | 33.2% | 83.0% | ||
| Q3 24 | 35.1% | 83.7% | ||
| Q2 24 | 35.4% | 81.7% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | 2.5% | 15.2% | ||
| Q3 25 | 6.1% | 17.6% | ||
| Q2 25 | 4.1% | 16.3% | ||
| Q1 25 | 0.8% | 13.6% | ||
| Q4 24 | 4.3% | 10.0% | ||
| Q3 24 | 5.9% | 22.6% | ||
| Q2 24 | 6.1% | 15.5% |
| Q1 26 | -1.0% | — | ||
| Q4 25 | -0.5% | 10.2% | ||
| Q3 25 | 2.1% | 7.8% | ||
| Q2 25 | 1.1% | 7.2% | ||
| Q1 25 | -1.2% | 4.6% | ||
| Q4 24 | 1.1% | 0.5% | ||
| Q3 24 | 1.4% | 15.9% | ||
| Q2 24 | 1.9% | 9.2% |
| Q1 26 | $-0.09 | — | ||
| Q4 25 | $-0.04 | $0.59 | ||
| Q3 25 | $0.16 | $0.44 | ||
| Q2 25 | $0.08 | $0.39 | ||
| Q1 25 | $-0.08 | $0.24 | ||
| Q4 24 | $0.08 | $0.01 | ||
| Q3 24 | $0.10 | $0.65 | ||
| Q2 24 | $0.12 | $0.37 |
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 | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $1.6B | $478.3M |
| 总资产 | $3.3B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
| Q1 26 | $126.9M | — | ||
| Q4 25 | $123.8M | $94.8M | ||
| Q3 25 | $192.7M | $99.0M | ||
| Q2 25 | $217.8M | $102.0M | ||
| Q1 25 | $267.7M | $124.2M | ||
| Q4 24 | $358.3M | $118.1M | ||
| Q3 24 | $519.0M | $232.7M | ||
| Q2 24 | $208.5M | $190.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $976.6M | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $478.3M | ||
| Q3 25 | $1.6B | $477.7M | ||
| Q2 25 | $1.6B | $452.7M | ||
| Q1 25 | $1.5B | $431.8M | ||
| Q4 24 | $1.6B | $438.8M | ||
| Q3 24 | $1.5B | $425.6M | ||
| Q2 24 | $1.0B | $401.7M |
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $2.5B | ||
| Q3 25 | $3.3B | $2.4B | ||
| Q2 25 | $3.3B | $2.4B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $3.2B | $2.5B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 2.93× | ||
| Q3 25 | 0.72× | 2.97× | ||
| Q2 25 | 0.72× | 3.22× | ||
| Q1 25 | 0.72× | 3.50× | ||
| Q4 24 | 0.70× | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $30.7M | $59.9M |
| 自由现金流率自由现金流/营收 | 5.5% | 23.7% |
| 资本支出强度资本支出/营收 | 9.0% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $120.7M | $229.5M |
8季度趋势，按日历期对齐
| Q1 26 | $62.3M | — | ||
| Q4 25 | $96.6M | $62.8M | ||
| Q3 25 | $93.6M | $73.4M | ||
| Q2 25 | $89.5M | $30.0M | ||
| Q1 25 | $50.1M | $68.9M | ||
| Q4 24 | $109.8M | $19.7M | ||
| Q3 24 | $91.8M | $57.7M | ||
| Q2 24 | $72.1M | $63.7M |
| Q1 26 | $30.7M | — | ||
| Q4 25 | $39.3M | $59.9M | ||
| Q3 25 | $27.6M | $72.4M | ||
| Q2 25 | $23.1M | $29.5M | ||
| Q1 25 | $-5.4M | $67.7M | ||
| Q4 24 | $32.9M | $16.8M | ||
| Q3 24 | $40.4M | $56.6M | ||
| Q2 24 | $27.5M | $62.7M |
| Q1 26 | 5.5% | — | ||
| Q4 25 | 8.4% | 23.7% | ||
| Q3 25 | 5.7% | 29.0% | ||
| Q2 25 | 5.0% | 12.4% | ||
| Q1 25 | -1.3% | 28.4% | ||
| Q4 24 | 7.7% | 7.8% | ||
| Q3 24 | 9.8% | 31.7% | ||
| Q2 24 | 7.3% | 35.8% |
| Q1 26 | 9.0% | — | ||
| Q4 25 | 12.2% | 1.1% | ||
| Q3 25 | 13.6% | 0.4% | ||
| Q2 25 | 14.3% | 0.2% | ||
| Q1 25 | 13.3% | 0.5% | ||
| Q4 24 | 18.0% | 1.3% | ||
| Q3 24 | 12.5% | 0.6% | ||
| Q2 24 | 11.8% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.44× | ||
| Q3 25 | 9.37× | 3.78× | ||
| Q2 25 | 17.19× | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | 22.51× | 17.13× | ||
| Q3 24 | 15.91× | 2.03× | ||
| Q2 24 | 10.29× | 3.93× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
