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Earnings transcript
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CWST
Casella Waste Systems, Inc.
$87.18
5.64
(6.92%)
| Exchange: | NASDAQ |
| Market Cap: | 5.451B |
| Shares Outstanding: | 7.333M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Waste Management | |||||
| CEO: | Edmond R. Coletta | |||||
| Full Time Employees: | 5100 | |||||
| Address: |
| |||||
| Website: | https://www.casella.com |
Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers. The company provides a range of non-hazardous solid waste services, including collections, transfer stations, and disposal facilities. It also markets recyclable metals, aluminum, plastics, and paper and corrugated cardboard that are processed at its facilities, as well as recyclables purchased from third parties. In addition, the company is involved in commodity brokerage operations. As of January 31, 2022, it owned and/or operated 50 solid waste collection operations, 65 transfer stations, 23 recycling facilities, 8 Subtitle D landfills, 3 landfill gas-to-energy facilities, and 1 landfill permitted to accept construction and demolition materials. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,264,542 | 1,557,283 | 1,836,841 |
| Gross Profit | 261,798.999 | 295,040 | 313,401 |
| EBITDA | 274,170 | 321,525 | 393,603 |
| Operating Income | 105,952 | 104,286 | 89,182 |
| Net Income | 25,399 | 13,536 | 7,871 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,535,470 | 3,326,744 | 3,303,326 |
| Total Liabilities | 1,513,679 | 1,775,905 | 1,734,617 |
| Total Stockholders Equity | 1,021,791 | 1,550,839 | 1,568,709,000 |
| Total Debt | 1,118,556 | 1,207,991 | 110,200 |
| Cash and Cash Equivalents | 220,912 | 383,303 | 123,773 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 233,092 | 281,355 | 329,776 |
| Capital Expenditure | -154,907 | -203,227 | -245,071 |
| Free Cash Flow | 78,185 | 78,128 | 84,705 |
| Net Income | 25,399 | 13,536 | 7,871 |
| Net Change in Cash | 149,760 | 162,391 | -166,444 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,655,153.577 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,767,905.998 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,702,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 584,758.556 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 609,590.620 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 595,075.792 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 171,485.024 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 181,002.611 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 175,439.402 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 266,753.685 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 278,081.513 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 271,460.175 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.760 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.850 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.700 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: Casella Waste Systems reported robust financial results in the Q2 2025 earnings call, with key metrics indicating solid revenue growth and improved profitability. This performance aligns with positive net income and operating cash flow trends from historical income statements and cash flow data, reflecting operational efficiency.
- Industry Positioning: CWST operates in the waste management industry within the broader industrial sector, showing competitive performance metrics over 1-year and 5-year periods compared to industry averages. This suggests a strong market position and resilience relative to peers.
- Operational Scale: With a significant number of full-time employees and a substantial market capitalization as per the company profile, CWST demonstrates the capacity to manage large-scale operations, supported by consistent gross profit margins from key metrics data.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CWST intrinsic value between $19.30 – $42.17 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about CWST valuation
Is Casella Waste Systems, Inc. (CWST) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Casella Waste Systems, Inc. (CWST) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CWST a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CWST trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CWST’s P/E ratio?
You can see CWST’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CWST?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CWST a good long-term investment?
Whether CWST fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CWST
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
6.92
Trading Metrics:
| Open: | 81.91 | Previous Close: | 81.54 | |
| Day Low: | 81.83 | Day High: | 88.4 | |
| Year Low: | 74.05 | Year High: | 121.24 | |
| Price Avg 50: | 93.77 | Price Avg 200: | 97.22 | |
| Volume: | 1.93M | Average Volume: | 808496 |
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Login — it's freeCWST full analysis
Welcome to MARKETSNAP’s SWOT analysis for Casella Waste Systems, also known by its ticker CWST. If you’re not familiar with this player in the waste management space, let me give you the quick rundown. Casella Waste Systems operates in the environmental services industry, focusing on solid waste, recycling, and resource management solutions primarily in the northeastern United States. They’re not a household name like some tech giants, but they’ve carved out a solid niche in a sector that’s essential and,…
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