FY2025 · ended Dec 31, 2025 · Revenue $1.84B, +18.0% YoY · Filed Feb 20, 2026
Casella Waste Systems, Inc. (CWST) files with the SEC under industry code 4953, Refuse Systems. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.8 billion and net income of $7.9 million. Free cash flow was $84.7 million. As of Jun 30, 2026 it held $25.5 million in cash and investments and $1.5 billion in total debt.
Revenue (TTM)
$1.96B
+13.6% vs year-ago TTM
Net income (TTM)
$5.70M
-48.4% vs year-ago TTM
Operating cash flow (TTM)
$351.15M
+2.9% vs year-ago TTM
Free cash flow (TTM)
$105.67M
+16.1% vs year-ago TTM
EPS (TTM)
$0.09
-49.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
—
Net cash
$-1.43B
as of Jun 30, 2026
Operating margin
3.4%
FY 2026
Company profile
- Industry
- Refuse Systems (SIC 4953)
- Listed as
- CWST (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Rutland, VT
- SEC filer status
- Large accelerated filer
- SEC CIK
- 911177
Other Refuse Systems companies
- Waste Management Inc WM
- Republic Services, Inc. RSG
- Waste Connections, Inc. WCN
- GFL Environmental Inc. GFL
- OIO Group OIO
- Enviri Corp NVRI
- Quest Resource Holding Corp QRHC
- Avalon Holdings Corp AWX
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $1.3B | $1.1B | $889.2M |
| Operating income | $63.7M | $72.8M | $80.4M | $95.4M | $77.7M |
| Net income | $7.9M | $13.5M | $25.4M | $53.1M | $41.1M |
| Diluted EPS | $0.12 | $0.23 | $0.46 | $1.03 | $0.80 |
| Operating cash flow | $329.8M | $281.4M | $233.1M | $217.3M | $182.7M |
| Free cash flow | $84.7M | $78.1M | $78.2M | $86.4M | $59.4M |
| Total assets | $3.3B | $3.2B | $2.5B | $1.4B | $1.3B |
| Stockholders' equity | $1.6B | $1.6B | $1.0B | $497.9M | $422.5M |
| Cash and investments | $123.8M | $358.3M | $220.9M | $71.2M | $33.8M |
| Total debt | $1.3B | $1.2B | $1.1B | $667.8M | $626.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Oct 1, 2026 | Oct 1, 2026 |
| 10-Q | Quarterly report | Aug 7, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K/A |
Amended current report
Officer or director change
|
Jul 20, 2026 | Jun 26, 2026 |
| 8-K |
Current report
Officer or director change
|
Jul 1, 2026 | Jun 26, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 8, 2026 | Jun 4, 2026 |
All 1004 Casella Waste Systems, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.