Casella Waste Systems (CWST) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Casella Waste Systems

NasdaqGS•Industrials•Waste Management

$90.06-0.28(<0.01%)Pre-market

Market Cap

$5.67B

P/E

993.3x

P/S

2.9x

P/B

3.6x

Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. The company offers resource management expertise and services primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services to residential, commercial, municipal, institutional, and industrial customers. It also provides non-hazardous solid waste services, including collections, transfer stations, recycling, and disposal operations. In addition, the company markets various materials, including fibers, such as corrugated cardboard and newsprint, plastics, glass, ferrous, and aluminum metals. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.

How this company scores

AverageMetricSide Score: 55/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (7/25).

Profitability7/25

Growth12/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowCash-backed earningsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 993.3x5y range 41.9x – 993.3x

Currently above its 20-quarter median.

P/S · 2.9x5y range 2.7x – 4.9x

Currently below its 20-quarter median.

P/B · 3.6x5y range 3.2x – 10.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 12.1% — watch for continued compression, which may signal competitive or cost pressure.

Share Dilution

Red Flag

Shares outstanding increased 8.2% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $5.67B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.96B
Q. Revenue: $543.75M
TTM EBITDA: $390.89M
TTM Op. Income: $66.07M
Q. Op. Income: $19.96M
TTM Net Income: $5.70M
Q. Net Income: $3.77M
EPS: $0.06
Shares Out.: $63.61M

$1.96B in TTM revenue grew 13.6% YoY, reaching $543.75M last quarter. TTM EBITDA of $390.89M and TTM operating income of $66.07M show growth is flowing through to the bottom line. TTM net income of $5.70M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 19.9%
Op. Margin: 3.7%
Net Margin: 0.7%

Op. margin of 3.7% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 0.7% Over the past year, operating margin is down 11% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 993.3x
P/S Ratio: 2.9x
P/B Ratio: 3.6x

At 993.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.9x and P/B of 3.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 50% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.56B
Cash: $25.54M
Long-Term Debt: $1.33B
Book Value: $1.58B
D/E Ratio: 0.8
Debt/EBITDA: 12.2

With $3.56B in assets and $1.33B in long-term debt, D/E is 0.8and book value is $1.58B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 16% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $98.77M
TTM Free Cash Flow: $105.67M
FCF Margin: 5.4%
FCF / Net Income: 18.5

TTM FCF of $105.67M on $98.77M in operating cash flow. The FCF / Net Income ratio of 18.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.