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CASELLA WASTE SYSTEMS INC（CWST）与SouthState Bank Corp（SSB）财务数据对比。点击上方公司名可切换其他公司
SouthState Bank Corp的季度营收约是CASELLA WASTE SYSTEMS INC的1.4倍（$661.7M vs $469.1M），SouthState Bank Corp净利率更高（34.1% vs -0.5%，领先34.7%），过去两年SouthState Bank Corp的营收复合增速更高（37.4% vs 17.3%）
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。
SouthState Bank总部位于美国佛罗里达州温特黑文，是银行控股公司SouthState Corporation旗下的银行子公司。截至2025年5月26日，该行已在南卡罗来纳、北卡罗来纳、佐治亚、佛罗里达、阿拉巴马、弗吉尼亚、科罗拉多、得克萨斯八州设有371家营业网点，为当地客户提供各类银行金融服务。
CWST vs SSB — 直观对比
营收规模更大
SSB
是对方的1.4倍
$469.1M
净利率更高
SSB
高出34.7%
-0.5%
两年增速更快
SSB
近两年复合增速
17.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $469.1M | $661.7M |
| 净利润 | $-2.5M | $225.8M |
| 毛利率 | 33.3% | — |
| 营业利润率 | 2.5% | 15.1% |
| 净利率 | -0.5% | 34.1% |
| 营收同比 | 9.7% | — |
| 净利润同比 | -151.5% | 153.5% |
| 每股收益（稀释后） | $-0.04 | $2.28 |
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CWSTSSB
| Q1 26 | — | $661.7M | ||
| Q4 25 | $469.1M | $581.1M | ||
| Q3 25 | $485.4M | $599.7M | ||
| Q2 25 | $465.3M | $577.9M | ||
| Q1 25 | $417.1M | $544.5M | ||
| Q4 24 | $427.5M | $369.8M | ||
| Q3 24 | $411.6M | $351.5M | ||
| Q2 24 | $377.2M | $350.3M |
净利润CWSTSSB
| Q1 26 | — | $225.8M | ||
| Q4 25 | $-2.5M | $247.7M | ||
| Q3 25 | $10.0M | $246.6M | ||
| Q2 25 | $5.2M | $215.2M | ||
| Q1 25 | $-4.8M | $89.1M | ||
| Q4 24 | $4.9M | $144.2M | ||
| Q3 24 | $5.8M | $143.2M | ||
| Q2 24 | $7.0M | $132.4M |
毛利率CWSTSSB
| 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CWSTSSB
| Q1 26 | — | 15.1% | ||
| Q4 25 | 2.5% | 54.3% | ||
| Q3 25 | 6.1% | 53.6% | ||
| Q2 25 | 4.1% | 48.8% | ||
| Q1 25 | 0.8% | 22.3% | ||
| Q4 24 | 4.3% | 50.7% | ||
| Q3 24 | 5.9% | 53.1% | ||
| Q2 24 | 6.1% | 49.3% |
净利率CWSTSSB
| Q1 26 | — | 34.1% | ||
| Q4 25 | -0.5% | 42.6% | ||
| Q3 25 | 2.1% | 41.1% | ||
| Q2 25 | 1.1% | 37.2% | ||
| Q1 25 | -1.2% | 16.4% | ||
| Q4 24 | 1.1% | 39.0% | ||
| Q3 24 | 1.4% | 40.7% | ||
| Q2 24 | 1.9% | 37.8% |
每股收益（稀释后）CWSTSSB
| Q1 26 | — | $2.28 | ||
| Q4 25 | $-0.04 | $2.47 | ||
| Q3 25 | $0.16 | $2.42 | ||
| Q2 25 | $0.08 | $2.11 | ||
| Q1 25 | $-0.08 | $0.87 | ||
| Q4 24 | $0.08 | $1.88 | ||
| Q3 24 | $0.10 | $1.86 | ||
| Q2 24 | $0.12 | $1.73 |
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 | $2.9B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.6B | $9.0B |
| 总资产 | $3.3B | $68.0B |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资CWSTSSB
| Q1 26 | — | $2.9B | ||
| Q4 25 | $123.8M | — | ||
| Q3 25 | $192.7M | — | ||
| Q2 25 | $217.8M | — | ||
| Q1 25 | $267.7M | — | ||
| Q4 24 | $358.3M | — | ||
| Q3 24 | $519.0M | — | ||
| Q2 24 | $208.5M | — |
总债务CWSTSSB
| 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CWSTSSB
| Q1 26 | — | $9.0B | ||
| Q4 25 | $1.6B | $9.1B | ||
| Q3 25 | $1.6B | $9.0B | ||
| Q2 25 | $1.6B | $8.8B | ||
| Q1 25 | $1.5B | $8.6B | ||
| Q4 24 | $1.6B | $5.9B | ||
| Q3 24 | $1.5B | $5.9B | ||
| Q2 24 | $1.0B | $5.7B |
总资产CWSTSSB
| Q1 26 | — | $68.0B | ||
| Q4 25 | $3.3B | $67.2B | ||
| Q3 25 | $3.3B | $66.0B | ||
| Q2 25 | $3.3B | $65.9B | ||
| Q1 25 | $3.2B | $65.1B | ||
| Q4 24 | $3.2B | $46.4B | ||
| Q3 24 | $3.1B | $46.1B | ||
| Q2 24 | $2.5B | $45.5B |
负债/权益比CWSTSSB
| 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 | $96.6M | — |
| 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% | — |
| 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 | $84.7M | — |
8季度趋势，按日历期对齐
经营现金流CWSTSSB
| Q1 26 | — | — | ||
| Q4 25 | $96.6M | $232.1M | ||
| Q3 25 | $93.6M | $122.4M | ||
| Q2 25 | $89.5M | $72.6M | ||
| Q1 25 | $50.1M | $-126.3M | ||
| Q4 24 | $109.8M | $354.3M | ||
| Q3 24 | $91.8M | $-246.8M | ||
| Q2 24 | $72.1M | $126.8M |
自由现金流CWSTSSB
| Q1 26 | — | — | ||
| Q4 25 | $39.3M | $215.5M | ||
| Q3 25 | $27.6M | $101.7M | ||
| Q2 25 | $23.1M | $52.5M | ||
| Q1 25 | $-5.4M | $-139.1M | ||
| Q4 24 | $32.9M | $340.9M | ||
| Q3 24 | $40.4M | $-254.2M | ||
| Q2 24 | $27.5M | $117.3M |
自由现金流率CWSTSSB
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 37.1% | ||
| Q3 25 | 5.7% | 17.0% | ||
| Q2 25 | 5.0% | 9.1% | ||
| Q1 25 | -1.3% | -25.5% | ||
| Q4 24 | 7.7% | 92.2% | ||
| Q3 24 | 9.8% | -72.3% | ||
| Q2 24 | 7.3% | 33.5% |
资本支出强度CWSTSSB
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 2.9% | ||
| Q3 25 | 13.6% | 3.5% | ||
| Q2 25 | 14.3% | 3.5% | ||
| Q1 25 | 13.3% | 2.4% | ||
| Q4 24 | 18.0% | 3.6% | ||
| Q3 24 | 12.5% | 2.1% | ||
| Q2 24 | 11.8% | 2.7% |
现金转化率CWSTSSB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | 9.37× | 0.50× | ||
| Q2 25 | 17.19× | 0.34× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | 22.51× | 2.46× | ||
| Q3 24 | 15.91× | -1.72× | ||
| Q2 24 | 10.29× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
