Casella Waste Systems (CWST) Financials

$116.93 +1.65 (+1.43%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$117.24 +0.31 (+0.27%)

As of 05/30/2025 04:44 PM Eastern

Annual Income Statements for Casella Waste Systems

This table shows Casella Waste Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	14	25	53	41	91	32	6.42	-22	-6.85	-13
Consolidated Net Income / (Loss)	14	25	53	41	91	32	6.42	-22	-6.86	-12
Net Income / (Loss) Continuing Operations	14	25	53	41	91	32	6.42	-22	-6.86	-12
Total Pre-Tax Income	21	37	75	58	38	30	6.04	-37	-6.36	-10
Total Operating Income	73	80	95	78	59	53	40	-13	45	32
Total Gross Profit	530	433	362	307	259	235	207	194	183	164
Total Revenue	1,557	1,265	1,085	889	775	743	661	599	565	547
Operating Revenue	1,557	1,265	1,085	889	775	743	661	599	565	547
Total Cost of Revenue	1,027	832	723	582	516	509	453	405	382	383
Operating Cost of Revenue	1,027	832	-	582	516	509	453	405	382	383
Total Operating Expenses	457	352	267	229	200	182	168	207	138	132
Selling, General & Admin Expense	191	156	133	119	102	93	85	79	75	73
Depreciation Expense	235	171	126	104	91	80	71	62	62	63
Other Operating Expenses / (Income)	6.65	4.34	1.44	-	4.59	6.30	10	65	0.00	-3.58
Restructuring Charge	25	15	4.61	5.30	1.86	2.69	1.87	0.18	0.00	-
Other Special Charges / (Income)	0.00	6.15	0.76	0.92	0.00	0.00	-	-	0.90	0.00
Total Other Income / (Expense), net	-52	-43	-20	-20	-21	-23	-34	-24	-51	-42
Interest Expense	64	56	24	21	22	25	34	26	53	41
Interest & Investment Income	10	11	0.71	0.30	0.30	0.37	-0.80	0.27	0.29	-1.77
Other Income / (Expense), net	1.67	1.65	2.59	1.31	1.07	1.44	0.75	0.94	1.09	0.89
Income Tax Expense	7.51	12	22	17	-53	-1.87	-0.38	-15	0.49	1.35
Basic Earnings per Share	$0.23	$0.46	$1.03	$0.80	$1.87	$0.67	$0.15	($0.52)	($0.17)	($0.32)
Weighted Average Basic Shares Outstanding	59.58M	55.17M	51.62M	51.31M	48.79M	47.23M	42.69M	41.85M	41.23M	40.64M
Diluted Earnings per Share	$0.23	$0.46	$1.03	$0.80	$1.86	$0.66	$0.15	($0.52)	($0.17)	($0.32)
Weighted Average Diluted Shares Outstanding	59.68M	55.27M	51.77M	51.52M	49.05M	47.97M	44.17M	41.85M	41.23M	40.64M
Weighted Average Basic & Diluted Shares Outstanding	63.36M	58.00M	51.70M	51.41M	51.09M	47.79M	42.69M	41.85M	41.23M	40.64M

This table shows Casella Waste Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-4.81	4.88	5.77	7.01	-4.12	-1.81	18	5.49	3.55	8.42	23
Consolidated Net Income / (Loss)	-4.81	4.88	5.77	7.01	-4.12	-1.81	18	5.49	3.55	8.42	23
Net Income / (Loss) Continuing Operations	-4.81	4.88	5.77	7.01	-4.12	-1.81	18	5.49	3.55	8.42	23
Total Pre-Tax Income	-8.14	5.71	10	11	-5.88	1.04	24	7.48	4.34	12	32
Total Operating Income	3.14	19	24	23	6.84	13	34	23	10	17	36
Total Gross Profit	137	142	145	133	110	120	126	103	82	88	105
Total Revenue	417	427	412	377	341	360	353	290	263	272	295
Operating Revenue	417	427	412	377	341	360	353	290	263	272	295
Total Cost of Revenue	280	286	267	244	231	239	226	186	180	184	190
Total Operating Expenses	134	123	120	110	103	107	92	81	72	71	69
Selling, General & Admin Expense	56	52	47	47	44	43	41	36	36	36	34
Depreciation Expense	71	66	59	55	54	55	48	35	33	33	33
Restructuring Charge	5.53	6.58	5.45	7.84	5.01	5.24	3.26	3.68	2.86	-	-
Total Other Income / (Expense), net	-11	-13	-14	-12	-13	-12	-10.00	-15	-5.93	-5.59	-4.48
Interest Expense	15	17	16	15	16	16	16	17	6.96	6.64	6.18
Interest & Investment Income	3.38	3.61	1.38	2.63	2.81	2.92	5.53	1.61	0.68	0.45	0.18
Other Income / (Expense), net	0.32	0.43	0.41	0.48	0.35	0.62	0.23	0.45	0.35	0.61	1.52
Income Tax Expense	-3.33	0.83	4.65	3.79	-1.77	2.85	6.02	1.99	0.79	3.21	9.14
Basic Earnings per Share	($0.08)	$0.08	$0.10	$0.12	($0.07)	($0.02)	$0.31	$0.10	$0.07	$0.17	$0.44
Weighted Average Basic Shares Outstanding	63.39M	59.58M	58.81M	58.11M	58.03M	55.17M	57.96M	52.89M	51.77M	51.62M	51.68M
Diluted Earnings per Share	($0.08)	$0.08	$0.10	$0.12	($0.07)	($0.02)	$0.31	$0.10	$0.07	$0.17	$0.44
Weighted Average Diluted Shares Outstanding	63.39M	59.68M	58.92M	58.20M	58.03M	55.27M	58.06M	52.98M	51.87M	51.77M	51.81M
Weighted Average Basic & Diluted Shares Outstanding	63.46M	63.36M	63.31M	58.13M	58.11M	58.00M	57.98M	57.96M	51.89M	51.70M	51.68M

This table details how cash moves in and out of Casella Waste Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	162	150	37	-121	151	-0.54	2.01	-0.55	-1.12	0.11
Net Cash From Operating Activities	281	233	217	183	140	117	121	108	80	71
Net Cash From Continuing Operating Activities	281	233	217	183	140	117	121	108	80	71
Net Income / (Loss) Continuing Operations	14	25	53	41	91	32	6.42	-22	-6.86	-12
Consolidated Net Income / (Loss)	14	25	53	41	91	32	6.42	-22	-6.86	-12
Depreciation Expense	235	171	126	104	91	80	71	62	62	63
Amortization Expense	2.96	2.96	1.90	2.29	2.17	2.29	2.45	2.69	3.88	3.98
Non-Cash Adjustments To Reconcile Net Income	48	41	25	28	28	33	46	85	30	14
Changes in Operating Assets and Liabilities, net	-18	-6.69	11	7.66	-72	-30	-4.09	-20	-8.81	2.16
Net Cash From Investing Activities	-671	-1,006	-207	-293	-140	-177	-164	-76	-63	-49
Net Cash From Continuing Investing Activities	-671	-1,006	-207	-293	-140	-177	-164	-76	-63	-49
Purchase of Property, Plant & Equipment	-203	-155	-131	-123	-108	-103	-73	-65	-54	-50
Acquisitions	-469	-852	-78	-171	-32	-75	-89	-5.06	-2.84	0.00
Sale of Property, Plant & Equipment	1.38	1.11	0.60	0.79	0.53	0.75	0.87	0.71	1.36	0.72
Sale and/or Maturity of Investments	0.00	0.00	1.64	0.00	0.00	-	-	-	-	-
Other Investing Activities, net	0.15	0.00	0.00	-	-	0.33	-2.92	-7.24	-7.25	-4.84
Net Cash From Financing Activities	552	922	27	-10	151	60	45	-32	-19	-22
Net Cash From Continuing Financing Activities	552	922	27	-10	151	60	45	-32	-19	-22
Repayment of Debt	-792	-39	-60	-14	-151	-244	-590	-218	-624	-380
Issuance of Debt	847	465	88	3.70	157	198	635	186	605	360
Issuance of Common Equity	497	496	0.19	0.17	145	104	0.47	1.28	0.13	0.16
Other Financing Activities, net	0.00	0.00	-1.00	0.00	0.00	2.62	0.00	0.00	-	0.19
Cash Interest Paid	61	44	21	19	20	23	24	25	43	35
Cash Income Taxes Paid	6.78	10	2.80	1.44	-1.53	-1.63	0.11	0.15	0.27	0.28

This table details how cash moves in and out of Casella Waste Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-113	-136	310	20	-31	-0.91	-244	405	-11	23	7.62
Net Cash From Operating Activities	50	110	92	72	7.68	75	75	67	16	65	60
Net Cash From Continuing Operating Activities	50	110	92	72	7.68	75	75	67	16	65	60
Net Income / (Loss) Continuing Operations	-4.81	4.88	5.77	7.01	-4.12	-1.81	18	5.49	3.55	8.42	23
Consolidated Net Income / (Loss)	-4.81	4.88	5.77	7.01	-4.12	-1.81	18	5.49	3.55	8.42	23
Depreciation Expense	71	66	59	55	54	55	48	35	33	33	33
Amortization Expense	0.75	0.74	0.74	0.74	0.74	0.74	0.72	1.00	0.50	0.49	0.49
Non-Cash Adjustments To Reconcile Net Income	14	9.89	17	12	9.46	10	7.47	14	9.13	6.82	5.31
Changes in Operating Assets and Liabilities, net	-31	28	8.90	-2.58	-52	11	0.54	12	-31	16	-0.82
Net Cash From Investing Activities	-159	-286	-312	-43	-30	-68	-340	-579	-18	-46	-50
Net Cash From Continuing Investing Activities	-159	-286	-312	-43	-30	-68	-340	-579	-18	-46	-50
Purchase of Property, Plant & Equipment	-55	-77	-51	-45	-30	-65	-40	-33	-18	-43	-33
Acquisitions	-104	-209	-261	1.39	-0.29	-4.08	-300	-547	-0.26	-4.23	-18
Sale of Property, Plant & Equipment	0.22	0.33	0.22	0.34	0.49	0.14	0.20	0.36	0.42	0.03	0.06
Net Cash From Financing Activities	-4.71	41	529	-9.19	-9.08	-7.69	21	918	-9.28	4.20	-2.11
Net Cash From Continuing Financing Activities	-4.71	41	529	-9.19	-9.08	-7.69	21	918	-9.28	4.20	-2.11
Repayment of Debt	-30	-4.48	-767	-10	-9.95	-7.69	-14	-8.53	-9.28	-1.80	-2.11
Issuance of Debt	25	45	800	0.88	0.88	-	35	430	0.00	6.00	-
Cash Interest Paid	13	16	15	15	16	15	14	8.32	5.87	6.25	5.10
Cash Income Taxes Paid	0.75	1.64	0.04	3.42	1.68	0.42	1.78	3.11	4.81	-0.08	0.78

This table presents Casella Waste Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	3,230	2,535	1,449	1,284	1,194	932	732	615	632	634
Total Current Assets	613	426	207	146	247	103	97	84	79	77
Cash & Equivalents	383	221	71	34	154	3.47	4.01	2.00	2.54	2.31
Accounts Receivable	166	157	101	87	74	80	75	66	61	60
Inventories, net	22	18	13	9.73	7.87	7.68	6.54	6.53	4.92	4.28
Prepaid Expenses	23	17	15	13	9.29	8.99	7.35	8.30	7.99	7.67
Current Deferred & Refundable Income Taxes	9.29	3.09	0.00	-	0.23	1.25	2.25	0.52	0.65	0.65
Other Current Assets	10	9.92	6.79	3.20	1.33	1.21	2.01	1.08	1.29	1.59
Plant, Property, & Equipment, net	1,165	981	721	645	511	444	405	362	398	402
Total Noncurrent Assets	1,452	1,129	521	492	436	386	231	169	154	155
Long-Term Investments	13	2.20	13	13	13	13	13	14	13	15
Goodwill	1,002	736	274	233	195	186	163	123	120	119
Intangible Assets	313	241	92	94	58	59	35	8.15	7.70	9.25
Noncurrent Deferred & Refundable Income Taxes	0.00	11	23	44	61	8.58	9.59	12	0.00	-
Other Noncurrent Operating Assets	123	138	119	109	109	120	11	13	14	12
Total Liabilities & Shareholders' Equity	3,230	2,535	1,449	1,284	1,194	932	732	615	632	634
Total Liabilities	1,679	1,514	951	861	832	809	748	653	656	655
Total Current Liabilities	307	279	178	152	131	131	111	89	82	85
Short-Term Debt	43	36	8.97	9.90	9.24	4.30	2.30	4.93	4.69	1.45
Accounts Payable	111	117	74	63	49	64	57	47	45	45
Accrued Expenses	58	59	57	44	42	34	35	20	16	18
Current Employee Benefit Liabilities	33	23	24	22	17	14	11	12	13	8.18
Other Current Liabilities	61	9.04	11	11	11	12	3.07	1.82	-	-
Other Current Nonoperating Liabilities	2.12	3.89	2.86	2.04	2.13	2.04	2.42	2.09	4.65	12
Total Noncurrent Liabilities	1,372	1,235	774	709	701	679	637	564	574	570
Long-Term Debt	1,091	1,008	585	543	530	509	542	478	504	506
Capital Lease Obligations	64	-	57	-	61	71	0.00	-	-	-
Asset Retirement Reserve & Litigation Obligation	169	123	103	79	72	62	61	59	44	40
Noncurrent Deferred & Payable Income Tax Liabilities	19	0.63	0.44	0.87	0.91	2.64	2.52	2.31	6.18	5.60
Other Noncurrent Operating Liabilities	29	103	28	87	36	35	31	25	20	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,551	1,022	498	422	362	123	-16	-38	-25	-22
Total Preferred & Common Equity	1,551	1,022	498	422	362	123	-16	-38	-25	-22
Total Common Equity	1,551	1,022	498	422	362	123	-16	-38	-25	-22
Common Stock	1,681	1,169	662	653	640	486	374	357	349	345
Retained Earnings	-133	-147	-172	-225	-266	-357	-389	-395	-373	-366
Accumulated Other Comprehensive Income / (Loss)	3.31	-1.08	7.54	-5.10	-12	-6.04	-1.31	0.18	-0.07	0.01

This table presents Casella Waste Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,206	3,123	2,512	2,477	2,498	2,417	1,420	1,399
Total Current Assets	492	743	426	385	413	629	188	191
Cash & Equivalents	268	519	209	189	219	466	60	48
Accounts Receivable	166	168	161	147	140	118	95	108
Inventories, net	23	20	19	19	18	17	14	13
Prepaid Expenses	20	23	21	15	20	18	12	15
Current Deferred & Refundable Income Taxes	9.29	5.01	6.40	4.11	3.73	3.73	-	-
Other Current Assets	6.46	8.08	9.46	12	12	7.36	6.61	7.11
Plant, Property, & Equipment, net	0.00	1,060	987	979	935	818	711	685
Total Noncurrent Assets	2,714	1,320	1,099	1,113	1,149	970	521	523
Long-Term Investments	16	13	14	13	16	13	13	13
Goodwill	1,050	908	737	737	737	620	274	272
Intangible Assets	320	273	217	229	257	187	88	95
Other Noncurrent Operating Assets	1,329	126	122	124	133	133	122	117
Total Liabilities & Shareholders' Equity	3,206	3,123	2,512	2,477	2,498	2,417	1,420	1,399
Total Liabilities	1,659	1,592	1,474	1,451	1,467	1,409	918	913
Total Current Liabilities	251	291	270	244	253	219	145	163
Short-Term Debt	21	38	65	63	34	33	9.27	8.34
Accounts Payable	103	102	94	80	100	88	67	71
Accrued Expenses	46	65	51	47	67	56	46	50
Current Employee Benefit Liabilities	17	25	17	12	21	15	8.48	20
Other Current Liabilities	61	58	40	39	27	25	11	11
Other Current Nonoperating Liabilities	3.26	2.93	3.22	3.53	3.72	3.12	3.44	2.96
Total Noncurrent Liabilities	1,408	1,300	1,205	1,207	1,214	1,190	773	750
Long-Term Debt	1,115	1,046	977	981	1,012	983	578	578
Capital Lease Obligations	72	69	66	67	69	71	62	59
Asset Retirement Reserve & Litigation Obligation	174	134	131	127	104	108	105	84
Noncurrent Deferred & Payable Income Tax Liabilities	14	15	1.19	0.91	0.52	0.48	0.44	0.52
Other Noncurrent Operating Liabilities	32	37	30	32	28	27	28	29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,547	1,532	1,038	1,026	1,031	1,008	502	487
Total Preferred & Common Equity	1,547	1,532	1,038	1,026	1,031	1,008	502	487
Total Common Equity	1,547	1,532	1,038	1,026	1,031	1,008	502	487
Common Stock	1,685	1,674	1,175	1,172	1,166	1,164	664	659
Retained Earnings	-138	-138	-144	-151	-145	-163	-168	-180
Accumulated Other Comprehensive Income / (Loss)	-0.74	-4.68	5.82	5.04	9.48	7.61	5.77	7.93

This table displays calculated financial ratios and metrics derived from Casella Waste Systems' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.15%	16.54%	22.03%	14.80%	4.21%	12.51%	10.24%	6.07%	3.39%	9.82%
EBITDA Growth	22.11%	13.04%	22.39%	20.56%	12.24%	20.42%	113.44%	-52.45%	12.40%	35.70%
EBIT Growth	-9.32%	-16.23%	24.07%	30.82%	10.74%	34.68%	447.51%	-125.30%	40.53%	158.04%
NOPAT Growth	-15.14%	-18.36%	22.83%	-61.01%	150.01%	33.49%	579.79%	-128.00%	41.04%	167.42%
Net Income Growth	-46.71%	-52.15%	29.15%	-54.89%	187.83%	393.04%	129.45%	-217.86%	41.79%	57.01%
EPS Growth	-50.00%	-55.34%	28.75%	-56.99%	181.82%	340.00%	128.85%	-205.88%	46.88%	44.83%
Operating Cash Flow Growth	20.71%	7.26%	18.92%	30.60%	19.77%	-3.31%	12.36%	33.70%	14.08%	63.04%
Free Cash Flow Firm Growth	36.21%	-920.66%	8.36%	-314.03%	129.66%	-197.49%	-224.45%	-17.46%	-24.13%	371.57%
Invested Capital Growth	27.51%	72.84%	14.88%	16.59%	15.15%	34.63%	19.29%	-8.82%	-1.74%	-5.90%
Revenue Q/Q Growth	4.56%	7.43%	2.87%	4.91%	0.86%	2.61%	3.69%	1.25%	0.67%	6.80%
EBITDA Q/Q Growth	5.66%	7.47%	2.31%	4.35%	0.95%	20.01%	-9.70%	0.21%	3.50%	3.29%
EBIT Q/Q Growth	7.16%	-4.48%	1.05%	2.77%	-0.67%	58.28%	-27.31%	-1.50%	12.04%	-1.11%
NOPAT Q/Q Growth	65.53%	-12.53%	-0.43%	-57.27%	140.62%	51.47%	-55.46%	-1.14%	13.35%	-2.26%
Net Income Q/Q Growth	97.63%	-28.72%	-1.35%	-56.68%	144.55%	255.21%	-84.00%	59.48%	-134.06%	-40.38%
EPS Q/Q Growth	76.92%	-29.23%	-0.96%	-57.89%	141.56%	288.24%	-84.04%	59.69%	-142.86%	-33.33%
Operating Cash Flow Q/Q Growth	13.97%	4.66%	8.07%	12.73%	-11.02%	14.08%	2.09%	3.94%	-6.52%	51.59%
Free Cash Flow Firm Q/Q Growth	-117.79%	7.01%	-55.02%	29.05%	18.81%	24.06%	-610.60%	-41.09%	-24.35%	66.74%
Invested Capital Q/Q Growth	9.25%	-3.58%	-0.57%	-3.23%	10.28%	-0.35%	3.41%	5.04%	-0.45%	-3.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.03%	34.20%	33.36%	34.50%	33.43%	31.57%	31.39%	32.39%	32.40%	29.99%
EBITDA Margin	20.05%	20.22%	20.85%	20.79%	19.79%	18.38%	17.17%	8.87%	19.78%	18.20%
Operating Margin	4.67%	6.36%	8.79%	8.73%	7.66%	7.14%	6.01%	-2.10%	7.95%	5.83%
EBIT Margin	4.78%	6.49%	9.03%	8.88%	7.79%	7.33%	6.13%	-1.94%	8.15%	5.99%
Profit (Net Income) Margin	0.87%	2.01%	4.89%	4.62%	11.76%	4.26%	0.97%	-3.64%	-1.21%	-2.16%
Tax Burden Percent	64.31%	68.56%	70.80%	70.81%	237.86%	106.29%	106.36%	58.83%	107.76%	112.95%
Interest Burden Percent	28.28%	45.14%	76.51%	73.50%	63.45%	54.63%	14.91%	318.10%	-13.82%	-31.84%
Effective Tax Rate	35.69%	31.44%	29.20%	29.19%	-137.86%	-6.29%	-6.36%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.23%	3.78%	6.76%	6.37%	18.93%	9.35%	8.94%	-1.95%	6.59%	4.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.86%	-0.48%	4.08%	3.42%	9.00%	4.85%	1.77%	-4.64%	-1.07%	-2.15%
Return on Net Nonoperating Assets (RNNOA)	-1.18%	-0.44%	4.77%	4.11%	18.64%	49.86%	-32.85%	71.80%	23.13%	65.60%
Return on Equity (ROE)	1.05%	3.34%	11.53%	10.48%	37.58%	59.21%	-23.91%	69.86%	29.72%	70.09%
Cash Return on Invested Capital (CROIC)	-21.96%	-49.61%	-7.09%	-8.95%	4.85%	-20.17%	-8.65%	7.27%	8.35%	10.58%
Operating Return on Assets (OROA)	2.58%	4.12%	7.17%	6.38%	5.68%	6.55%	6.01%	-1.87%	7.28%	5.03%
Return on Assets (ROA)	0.47%	1.27%	3.88%	3.32%	8.57%	3.80%	0.95%	-3.50%	-1.08%	-1.81%
Return on Common Equity (ROCE)	1.05%	3.34%	11.53%	10.48%	37.58%	59.21%	-23.91%	69.83%	29.66%	70.42%
Return on Equity Simple (ROE_SIMPLE)	0.87%	2.49%	10.66%	9.73%	25.16%	25.79%	-40.55%	57.57%	27.96%	54.74%
Net Operating Profit after Tax (NOPAT)	47	55	68	55	141	56	42	-8.81	31	22
NOPAT Margin	3.00%	4.36%	6.22%	6.18%	18.21%	7.59%	6.40%	-1.47%	5.57%	4.08%
Net Nonoperating Expense Percent (NNEP)	4.09%	4.27%	2.68%	2.95%	9.94%	4.50%	7.17%	2.69%	7.66%	6.64%
Return On Investment Capital (ROIC_SIMPLE)	1.70%	2.67%	5.88%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	65.97%	65.80%	66.64%	65.50%	66.57%	68.43%	68.61%	67.61%	67.60%	70.01%
SG&A Expenses to Revenue	12.25%	12.32%	12.30%	13.36%	13.22%	12.48%	12.83%	13.22%	13.34%	13.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.36%	27.84%	24.57%	25.71%	25.77%	24.43%	25.37%	34.49%	24.44%	24.16%
Earnings before Interest and Taxes (EBIT)	74	82	98	79	60	55	40	-12	46	33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	312	256	226	185	153	137	113	53	112	99
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.32	4.85	8.23	10.39	8.27	17.92	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	28.49	110.87	31.13	45.79	27.51	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.30	3.92	3.78	4.94	3.87	2.96	1.85	1.61	0.91	0.45
Price to Earnings (P/E)	494.92	195.09	77.22	106.82	32.89	69.48	190.47	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.20%	0.51%	1.30%	0.94%	3.04%	1.44%	0.53%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.19	3.13	4.37	5.27	4.30	4.00	3.40	3.33	2.13	1.53
Enterprise Value to Revenue (EV/Rev)	4.82	4.57	4.30	5.51	4.43	3.72	2.65	2.39	1.78	1.35
Enterprise Value to EBITDA (EV/EBITDA)	24.02	22.58	20.63	26.48	22.37	20.26	15.43	27.00	9.01	7.40
Enterprise Value to EBIT (EV/EBIT)	100.77	70.37	47.62	61.99	56.81	50.76	43.25	0.00	21.89	22.45
Enterprise Value to NOPAT (EV/NOPAT)	160.28	104.74	69.08	89.03	24.32	49.05	41.42	0.00	32.03	32.97
Enterprise Value to Operating Cash Flow (EV/OCF)	26.66	24.78	21.47	26.79	24.51	23.68	14.49	13.34	12.53	10.43
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	95.00	0.00	0.00	43.64	25.30	14.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.77	1.02	1.31	1.31	1.66	4.76	-34.38	-12.74	-20.72	-23.50
Long-Term Debt to Equity	0.74	0.99	1.29	1.28	1.63	4.72	-34.23	-12.61	-20.53	-23.43
Financial Leverage	0.63	0.92	1.17	1.20	2.07	10.29	-18.61	-15.49	-21.68	-30.53
Leverage Ratio	2.24	2.62	2.97	3.16	4.38	15.57	-25.09	-19.97	-27.42	-38.77
Compound Leverage Factor	0.63	1.18	2.27	2.32	2.78	8.50	-3.74	-63.53	3.79	12.35
Debt to Total Capital	43.58%	50.52%	56.68%	56.66%	62.39%	82.63%	103.00%	108.52%	105.07%	104.45%
Short-Term Debt to Total Capital	1.55%	1.73%	0.78%	1.02%	0.96%	0.61%	0.43%	1.11%	0.97%	0.30%
Long-Term Debt to Total Capital	42.03%	48.79%	55.89%	55.65%	61.43%	82.02%	102.56%	107.41%	104.10%	104.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.01%	-0.02%
Common Equity to Total Capital	56.42%	49.48%	43.32%	43.34%	37.61%	17.37%	-3.00%	-8.52%	-5.07%	-4.43%
Debt to EBITDA	3.84	4.08	2.88	2.99	3.92	4.28	4.80	9.08	4.55	5.10
Net Debt to EBITDA	2.56	3.21	2.51	2.73	2.83	4.16	4.65	8.79	4.41	4.93
Long-Term Debt to EBITDA	3.70	3.94	2.84	2.93	3.86	4.24	4.78	8.99	4.51	5.09
Debt to NOPAT	25.60	18.92	9.64	10.05	4.26	10.35	12.88	-54.78	16.17	22.75
Net Debt to NOPAT	17.12	14.88	8.40	9.19	3.07	10.06	12.49	-53.01	15.66	21.99
Long-Term Debt to NOPAT	24.69	18.27	9.51	9.87	4.19	10.28	12.83	-54.22	16.02	22.68
Altman Z-Score	3.01	2.56	3.42	3.70	2.78	2.05	1.30	0.89	0.77	0.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.21%	-0.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.00	1.53	1.17	0.96	1.88	0.79	0.87	0.95	0.95	0.90
Quick Ratio	1.79	1.36	0.97	0.79	1.74	0.64	0.71	0.77	0.77	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-461	-723	-71	-77	36	-122	-41	33	40	53
Operating Cash Flow to CapEx	139.39%	151.56%	166.70%	149.16%	130.07%	114.07%	166.99%	167.63%	152.12%	143.07%
Free Cash Flow to Firm to Interest Expense	-7.23	-12.96	-2.99	-3.64	1.61	-4.85	-1.22	1.28	0.76	1.27
Operating Cash Flow to Interest Expense	4.41	4.18	9.16	8.61	6.25	4.65	3.59	4.19	1.53	1.70
Operating Cash Flow Less CapEx to Interest Expense	1.25	1.42	3.67	2.84	1.45	0.57	1.44	1.69	0.52	0.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.63	0.79	0.72	0.73	0.89	0.98	0.96	0.89	0.84
Accounts Receivable Turnover	9.64	9.79	11.55	11.03	10.03	9.58	9.38	9.43	9.31	9.43
Inventory Turnover	52.15	53.11	62.34	66.19	66.33	71.54	69.33	70.78	83.06	88.40
Fixed Asset Turnover	1.45	1.49	1.59	1.54	1.62	1.75	1.72	1.58	1.41	1.34
Accounts Payable Turnover	9.02	8.71	10.53	10.37	9.08	8.36	8.69	8.80	8.50	8.19
Days Sales Outstanding (DSO)	37.88	37.27	31.60	33.08	36.38	38.09	38.92	38.72	39.20	38.71
Days Inventory Outstanding (DIO)	7.00	6.87	5.86	5.51	5.50	5.10	5.26	5.16	4.39	4.13
Days Payable Outstanding (DPO)	40.48	41.89	34.65	35.19	40.20	43.66	42.02	41.47	42.96	44.57
Cash Conversion Cycle (CCC)	4.40	2.24	2.80	3.41	1.68	-0.46	2.16	2.40	0.63	-1.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,354	1,846	1,068	930	797	693	514	431	473	481
Invested Capital Turnover	0.74	0.87	1.09	1.03	1.04	1.23	1.40	1.33	1.18	1.10
Increase / (Decrease) in Invested Capital	508	778	138	132	105	178	83	-42	-8.37	-30
Enterprise Value (EV)	7,500	5,776	4,666	4,896	3,430	2,767	1,751	1,435	1,008	735
Market Capitalization	6,699	4,955	4,099	4,390	2,997	2,199	1,223	968	515	245
Book Value per Share	$24.49	$17.62	$9.63	$8.22	$7.49	$2.57	($0.37)	($0.90)	($0.59)	($0.53)
Tangible Book Value per Share	$3.71	$0.77	$2.55	$1.87	$2.25	($2.55)	($4.97)	($4.01)	($3.67)	($3.66)
Total Capital	2,749	2,065	1,149	975	963	707	528	445	484	486
Total Debt	1,198	1,043	651	552	601	584	544	483	509	507
Total Long-Term Debt	1,155	1,008	642	543	591	580	542	478	504	506
Net Debt	801	820	567	505	433	568	528	467	493	491
Capital Expenditures (CapEx)	202	154	130	123	108	102	72	64	53	49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-35	-38	-32	-30	-29	-27	-16	-1.26	-1.70	-9.54
Debt-free Net Working Capital (DFNWC)	349	183	39	4.19	125	-23	-12	0.74	0.85	-7.23
Net Working Capital (NWC)	306	147	30	-5.71	116	-28	-14	-4.19	-3.84	-8.68
Net Nonoperating Expense (NNE)	33	30	14	14	50	25	36	13	38	34
Net Nonoperating Obligations (NNO)	803	824	570	507	435	570	530	469	497	503
Total Depreciation and Amortization (D&A)	238	174	128	106	93	82	73	65	66	67
Debt-free, Cash-free Net Working Capital to Revenue	-2.23%	-2.98%	-2.98%	-3.33%	-3.75%	-3.63%	-2.44%	-0.21%	-0.30%	-1.75%
Debt-free Net Working Capital to Revenue	22.39%	14.49%	3.58%	0.47%	16.17%	-3.16%	-1.83%	0.12%	0.15%	-1.32%
Net Working Capital to Revenue	19.65%	11.66%	2.75%	-0.64%	14.98%	-3.74%	-2.18%	-0.70%	-0.68%	-1.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.46	$1.03	$0.80	$1.87	$0.67	$0.15	($0.52)	($0.17)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	59.58M	55.17M	51.62M	51.31M	48.79M	47.23M	42.69M	42.28M	41.73M	0.00
Adjusted Diluted Earnings per Share	$0.23	$0.46	$1.03	$0.80	$1.86	$0.66	$0.15	($0.52)	($0.17)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	59.68M	55.27M	51.77M	51.52M	49.05M	47.97M	44.17M	42.28M	41.73M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.52)	($0.17)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	63.36M	58.00M	51.70M	51.41M	51.09M	47.79M	46.50M	41.85M	41.23M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	63	70	71	59	43	39	29	-8.68	32	22
Normalized NOPAT Margin	4.03%	5.51%	6.58%	6.68%	5.53%	5.25%	4.41%	-1.45%	5.68%	4.08%
Pre Tax Income Margin	1.35%	2.93%	6.91%	6.53%	4.94%	4.01%	0.91%	-6.18%	-1.13%	-1.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.17	1.47	4.13	3.72	2.70	2.17	1.20	-0.45	0.87	0.79
NOPAT to Interest Expense	0.73	0.99	2.85	2.59	6.30	2.25	1.26	-0.34	0.60	0.54
EBIT Less CapEx to Interest Expense	-2.00	-1.29	-1.37	-2.05	-2.11	-1.91	-0.95	-2.95	-0.13	-0.40
NOPAT Less CapEx to Interest Expense	-2.43	-1.77	-2.65	-3.18	1.50	-1.83	-0.89	-2.84	-0.41	-0.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.69%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.69%

This table displays calculated financial ratios and metrics derived from Casella Waste Systems' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.31%	18.89%	16.70%	30.22%	29.86%	32.13%	19.46%	2.11%	12.21%	12.53%	22.03%
EBITDA Growth	22.18%	24.11%	2.22%	34.89%	39.09%	34.47%	16.99%	-7.32%	10.83%	10.98%	27.32%
EBIT Growth	-51.82%	35.58%	-27.96%	1.86%	-32.29%	-21.57%	-8.99%	-27.99%	2.93%	6.07%	37.17%
NOPAT Growth	-54.02%	167.88%	-47.44%	-10.04%	-43.00%	-286.97%	-0.69%	-22.43%	1.42%	-2.97%	33.73%
Net Income Growth	-16.83%	369.24%	-68.24%	27.61%	-216.04%	-121.51%	-19.85%	-69.15%	-15.32%	-7.92%	42.94%
EPS Growth	-14.29%	500.00%	-67.74%	20.00%	-200.00%	-111.76%	-29.55%	-70.59%	-12.50%	-5.56%	41.94%
Operating Cash Flow Growth	552.73%	45.83%	23.03%	7.43%	-52.24%	16.00%	24.01%	-0.62%	-34.94%	33.37%	9.27%
Free Cash Flow Firm Growth	37.16%	38.59%	72.20%	47.56%	-2,509.27%	-536.45%	-829.43%	-156.56%	85.10%	-5.42%	59.84%
Invested Capital Growth	27.74%	27.51%	12.53%	18.87%	79.26%	72.84%	78.23%	54.46%	3.95%	14.88%	11.82%
Revenue Q/Q Growth	-2.43%	3.85%	9.14%	10.60%	-5.16%	1.94%	21.78%	10.30%	-3.50%	-7.84%	4.09%
EBITDA Q/Q Growth	-12.02%	1.58%	6.45%	28.42%	-10.62%	-16.33%	40.47%	32.42%	-13.59%	-27.21%	11.28%
EBIT Q/Q Growth	-81.73%	-23.54%	5.52%	226.91%	-48.59%	-59.38%	49.19%	117.32%	-40.45%	-52.86%	18.05%
NOPAT Q/Q Growth	-86.10%	17.22%	-9.62%	212.15%	120.53%	-190.76%	54.70%	97.79%	-32.67%	-51.79%	20.84%
Net Income Q/Q Growth	-198.65%	-15.51%	-17.63%	270.17%	-127.33%	-109.97%	231.00%	54.74%	-57.87%	-62.86%	27.40%
EPS Q/Q Growth	-200.00%	-20.00%	-16.67%	271.43%	-250.00%	-106.45%	210.00%	42.86%	-58.82%	-61.36%	29.41%
Operating Cash Flow Q/Q Growth	-54.33%	19.55%	27.34%	838.95%	-89.80%	0.85%	11.19%	317.42%	-75.22%	7.81%	-10.89%
Free Cash Flow Firm Q/Q Growth	-8.80%	-117.26%	22.12%	65.86%	0.52%	1.65%	-46.90%	-1,598.54%	74.07%	-43.63%	59.45%
Invested Capital Q/Q Growth	5.15%	9.25%	11.89%	-0.62%	1.92%	-3.58%	18.19%	49.87%	1.20%	-0.57%	2.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.76%	33.18%	35.11%	35.36%	32.32%	33.48%	35.84%	35.67%	31.36%	32.26%	35.56%
EBITDA Margin	18.15%	20.13%	20.58%	21.10%	18.17%	19.28%	23.49%	20.37%	16.97%	18.95%	23.99%
Operating Margin	0.75%	4.33%	5.92%	6.10%	2.00%	3.72%	9.69%	7.81%	3.91%	6.33%	12.29%
EBIT Margin	0.83%	4.43%	6.02%	6.23%	2.11%	3.89%	9.76%	7.96%	4.04%	6.55%	12.81%
Profit (Net Income) Margin	-1.15%	1.14%	1.40%	1.86%	-1.21%	-0.50%	5.15%	1.90%	1.35%	3.09%	7.68%
Tax Burden Percent	59.13%	85.39%	55.37%	64.88%	69.98%	-174.47%	75.12%	73.42%	81.77%	72.40%	71.27%
Interest Burden Percent	-234.91%	30.13%	42.04%	45.96%	-81.86%	7.42%	70.29%	32.42%	40.88%	65.25%	84.13%
Effective Tax Rate	0.00%	14.61%	44.63%	35.12%	0.00%	274.47%	24.88%	26.58%	18.23%	27.60%	28.73%
Return on Invested Capital (ROIC)	0.39%	2.74%	2.40%	3.20%	1.25%	-5.63%	5.74%	4.81%	3.36%	4.98%	9.08%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.37%	1.40%	1.37%	2.14%	0.05%	-2.54%	4.71%	2.96%	2.54%	4.23%	8.52%
Return on Net Nonoperating Assets (RNNOA)	-0.27%	0.89%	0.81%	1.57%	0.05%	-2.33%	4.57%	2.43%	3.21%	4.95%	10.86%
Return on Equity (ROE)	0.12%	3.63%	3.21%	4.76%	1.30%	-7.96%	10.31%	7.24%	6.57%	9.92%	19.94%
Cash Return on Invested Capital (CROIC)	-22.23%	-21.96%	-10.41%	-14.46%	-53.39%	-49.61%	-52.01%	-38.10%	2.50%	-7.09%	-4.49%
Operating Return on Assets (OROA)	0.48%	2.40%	3.19%	3.62%	1.45%	2.47%	5.89%	4.71%	3.30%	5.20%	10.08%
Return on Assets (ROA)	-0.66%	0.62%	0.74%	1.08%	-0.83%	-0.32%	3.11%	1.12%	1.10%	2.46%	6.04%
Return on Common Equity (ROCE)	0.12%	3.63%	3.21%	4.76%	1.30%	-7.96%	10.31%	7.24%	6.57%	9.92%	19.94%
Return on Equity Simple (ROE_SIMPLE)	0.83%	0.00%	0.45%	1.86%	1.73%	0.00%	3.46%	3.98%	10.45%	0.00%	11.06%
Net Operating Profit after Tax (NOPAT)	2.20	16	13	15	4.78	-23	26	17	8.39	12	26
NOPAT Margin	0.53%	3.70%	3.28%	3.96%	1.40%	-6.48%	7.28%	5.73%	3.20%	4.58%	8.76%
Net Nonoperating Expense Percent (NNEP)	0.76%	1.35%	1.03%	1.06%	1.19%	-3.08%	1.02%	1.85%	0.82%	0.75%	0.56%
Return On Investment Capital (ROIC_SIMPLE)	0.08%	0.58%	-	-	-	-1.13%	-	-	-	1.08%	-
Cost of Revenue to Revenue	67.24%	66.82%	64.89%	64.64%	67.68%	66.52%	64.16%	64.33%	68.64%	67.74%	64.44%
SG&A Expenses to Revenue	13.54%	12.21%	11.43%	12.51%	13.00%	11.99%	11.67%	12.38%	13.59%	13.12%	11.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.01%	28.85%	29.18%	29.26%	30.32%	29.77%	26.15%	27.87%	27.45%	25.93%	23.27%
Earnings before Interest and Taxes (EBIT)	3.46	19	25	23	7.19	14	34	23	11	18	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	76	86	85	80	62	69	83	59	45	52	71
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.57	4.32	3.78	5.56	5.59	4.85	4.29	4.65	8.52	8.23	8.11
Price to Tangible Book Value (P/TBV)	39.73	28.49	16.51	69.21	94.68	110.87	119.44	23.28	30.64	31.13	33.08
Price to Revenue (P/Rev)	4.33	4.30	3.88	4.03	4.27	3.92	3.76	4.19	3.84	3.78	3.74
Price to Earnings (P/E)	550.11	494.92	844.47	299.51	323.26	195.09	124.12	116.94	81.50	77.22	73.37
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.18%	0.20%	0.12%	0.33%	0.31%	0.51%	0.81%	0.86%	1.23%	1.30%	1.36%
Enterprise Value to Invested Capital (EV/IC)	3.23	3.19	2.97	3.45	3.43	3.13	2.77	3.27	4.49	4.37	4.22
Enterprise Value to Revenue (EV/Rev)	4.89	4.82	4.30	4.65	4.95	4.57	4.50	4.74	4.35	4.30	4.30
Enterprise Value to EBITDA (EV/EBITDA)	24.51	24.02	21.67	22.64	24.31	22.58	22.28	23.47	21.03	20.63	20.50
Enterprise Value to EBIT (EV/EBIT)	113.01	100.77	92.20	84.10	84.44	70.37	61.72	59.36	49.35	47.62	46.75
Enterprise Value to NOPAT (EV/NOPAT)	169.31	160.28	226.53	134.54	130.45	104.74	84.11	84.51	71.82	69.08	66.82
Enterprise Value to Operating Cash Flow (EV/OCF)	24.68	26.66	25.94	28.96	29.56	24.78	23.81	25.46	23.24	21.47	22.54
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	183.15	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.78	0.77	0.75	1.07	1.08	1.02	1.08	1.08	1.29	1.31	1.33
Long-Term Debt to Equity	0.77	0.74	0.73	1.00	1.02	0.99	1.05	1.05	1.28	1.29	1.31
Financial Leverage	0.72	0.63	0.59	0.73	0.98	0.92	0.97	0.82	1.26	1.17	1.27
Leverage Ratio	2.21	2.24	2.19	2.41	2.55	2.62	2.57	2.58	2.91	2.97	3.00
Compound Leverage Factor	-5.19	0.68	0.92	1.11	-2.09	0.19	1.81	0.84	1.19	1.94	2.52
Debt to Total Capital	43.86%	43.58%	42.94%	51.64%	51.99%	50.52%	51.95%	51.88%	56.40%	56.68%	57.01%
Short-Term Debt to Total Capital	0.76%	1.55%	1.43%	3.05%	2.97%	1.73%	1.58%	1.56%	0.81%	0.78%	0.74%
Long-Term Debt to Total Capital	43.10%	42.03%	41.51%	48.59%	49.02%	48.79%	50.37%	50.32%	55.60%	55.89%	56.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.14%	56.42%	57.06%	48.36%	48.01%	49.48%	48.05%	48.12%	43.60%	43.32%	42.99%
Debt to EBITDA	3.71	3.84	3.90	3.77	4.07	4.08	4.68	4.81	2.81	2.88	2.92
Net Debt to EBITDA	2.84	2.56	2.10	3.01	3.32	3.21	3.70	2.69	2.50	2.51	2.64
Long-Term Debt to EBITDA	3.64	3.70	3.77	3.55	3.83	3.94	4.54	4.67	2.77	2.84	2.88
Debt to NOPAT	25.61	25.60	40.77	22.41	21.82	18.92	17.68	17.33	9.61	9.64	9.51
Net Debt to NOPAT	19.60	17.12	21.94	17.90	17.84	14.88	13.96	9.70	8.53	8.40	8.62
Long-Term Debt to NOPAT	25.17	24.69	39.41	21.09	20.58	18.27	17.14	16.81	9.47	9.51	9.39
Altman Z-Score	3.10	2.95	2.80	2.94	2.91	2.47	2.32	2.60	3.47	3.23	3.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.96	2.00	2.55	1.58	1.58	1.53	1.63	2.87	1.29	1.17	1.18
Quick Ratio	1.72	1.79	2.36	1.37	1.38	1.36	1.42	2.66	1.07	0.97	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-535	-492	-226	-291	-852	-801	-815	-555	-33	-126	-88
Operating Cash Flow to CapEx	90.71%	143.42%	179.18%	162.72%	25.80%	116.87%	187.73%	208.60%	92.07%	149.97%	183.84%
Free Cash Flow to Firm to Interest Expense	-35.74	-29.19	-14.38	-18.98	-53.64	-50.51	-51.73	-32.24	-4.69	-18.95	-14.19
Operating Cash Flow to Interest Expense	3.35	6.51	5.83	4.71	0.48	4.74	4.74	3.90	2.31	9.77	9.74
Operating Cash Flow Less CapEx to Interest Expense	-0.34	1.97	2.58	1.81	-1.39	0.68	2.21	2.03	-0.20	3.25	4.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.54	0.53	0.58	0.69	0.63	0.60	0.59	0.82	0.79	0.79
Accounts Receivable Turnover	10.46	9.64	9.66	10.26	11.10	9.79	9.48	9.91	11.82	11.55	10.63
Inventory Turnover	52.24	52.15	51.95	52.67	53.96	53.11	50.22	49.65	57.11	62.34	60.41
Fixed Asset Turnover	0.00	1.45	1.49	1.58	1.59	1.49	1.45	1.51	1.64	1.59	1.62
Accounts Payable Turnover	11.77	9.02	9.72	10.34	12.04	8.71	9.08	9.21	11.24	10.53	9.98
Days Sales Outstanding (DSO)	34.90	37.88	37.79	35.59	32.88	37.27	38.50	36.84	30.88	31.60	34.35
Days Inventory Outstanding (DIO)	6.99	7.00	7.03	6.93	6.76	6.87	7.27	7.35	6.39	5.86	6.04
Days Payable Outstanding (DPO)	31.00	40.48	37.54	35.30	30.32	41.89	40.20	39.61	32.49	34.65	36.57
Cash Conversion Cycle (CCC)	10.89	4.40	7.28	7.22	9.33	2.24	5.57	4.58	4.78	2.80	3.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,475	2,354	2,155	1,926	1,938	1,846	1,915	1,620	1,081	1,068	1,074
Invested Capital Turnover	0.74	0.74	0.73	0.81	0.89	0.87	0.79	0.84	1.05	1.09	1.04
Increase / (Decrease) in Invested Capital	538	508	240	306	857	778	840	571	41	138	114
Enterprise Value (EV)	7,990	7,500	6,404	6,650	6,641	5,776	5,303	5,302	4,850	4,666	4,532
Market Capitalization	7,065	6,699	5,784	5,765	5,733	4,955	4,423	4,693	4,274	4,099	3,948
Book Value per Share	$24.41	$24.49	$26.34	$17.85	$17.68	$17.62	$17.79	$19.43	$9.70	$9.63	$9.42
Tangible Book Value per Share	$2.81	$3.71	$6.03	$1.43	$1.04	$0.77	$0.64	$3.88	$2.70	$2.55	$2.31
Total Capital	2,756	2,749	2,684	2,145	2,137	2,065	2,146	2,096	1,151	1,149	1,132
Total Debt	1,209	1,198	1,152	1,108	1,111	1,043	1,115	1,087	649	651	645
Total Long-Term Debt	1,188	1,155	1,114	1,042	1,048	1,008	1,081	1,054	640	642	637
Net Debt	925	801	620	885	908	820	880	608	576	567	585
Capital Expenditures (CapEx)	55	77	51	44	30	64	40	32	17	43	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6.43	-35	-29	13	15	-38	-25	-23	-8.25	-32	-11
Debt-free Net Working Capital (DFNWC)	261	349	490	221	205	183	194	443	52	39	37
Net Working Capital (NWC)	240	306	452	156	141	147	160	410	43	30	29
Net Nonoperating Expense (NNE)	7.01	11	7.73	7.93	8.90	-21	7.51	11	4.85	4.05	3.19
Net Nonoperating Obligations (NNO)	928	803	623	888	912	824	884	612	579	570	588
Total Depreciation and Amortization (D&A)	72	67	60	56	55	55	48	36	34	34	33
Debt-free, Cash-free Net Working Capital to Revenue	-0.39%	-2.23%	-1.93%	0.91%	1.13%	-2.98%	-2.12%	-2.03%	-0.74%	-2.98%	-1.04%
Debt-free Net Working Capital to Revenue	16.00%	22.39%	32.91%	15.48%	15.24%	14.49%	16.49%	39.56%	4.67%	3.58%	3.51%
Net Working Capital to Revenue	14.71%	19.65%	30.33%	10.91%	10.52%	11.66%	13.61%	36.64%	3.83%	2.75%	2.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.08)	$0.08	$0.10	$0.12	($0.07)	($0.02)	$0.31	$0.10	$0.07	$0.17	$0.44
Adjusted Weighted Average Basic Shares Outstanding	63.39M	59.58M	58.81M	58.11M	58.03M	55.17M	57.96M	52.89M	51.77M	51.62M	51.68M
Adjusted Diluted Earnings per Share	($0.08)	$0.08	$0.10	$0.12	($0.07)	($0.02)	$0.31	$0.10	$0.07	$0.17	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	63.39M	59.68M	58.92M	58.20M	58.03M	55.27M	58.06M	52.98M	51.87M	51.77M	51.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	63.46M	63.36M	63.31M	58.13M	58.11M	58.00M	57.98M	57.96M	51.89M	51.70M	51.68M
Normalized Net Operating Profit after Tax (NOPAT)	6.07	21	17	20	8.29	13	28	24	11	12	26
Normalized NOPAT Margin	1.46%	5.02%	4.01%	5.31%	2.43%	3.62%	7.98%	8.22%	4.09%	4.58%	8.94%
Pre Tax Income Margin	-1.95%	1.34%	2.53%	2.86%	-1.73%	0.29%	6.86%	2.58%	1.65%	4.27%	10.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.23	1.12	1.57	1.53	0.45	0.88	2.19	1.34	1.53	2.68	6.12
NOPAT to Interest Expense	0.15	0.94	0.86	0.97	0.30	-1.47	1.63	0.97	1.21	1.88	4.19
EBIT Less CapEx to Interest Expense	-3.46	-3.42	-1.68	-1.36	-1.42	-3.18	-0.34	-0.53	-0.98	-3.83	0.82
NOPAT Less CapEx to Interest Expense	-3.54	-3.60	-2.40	-1.92	-1.57	-5.53	-0.89	-0.91	-1.30	-4.64	-1.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Casella Waste Systems' Financials

When does Casella Waste Systems's fiscal year end?

According to the most recent income statement we have on file, Casella Waste Systems' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Casella Waste Systems' net income changed over the last 9 years?

Casella Waste Systems' net income appears to be on an upward trend, with a most recent value of $13.54 million in 2024, falling from -$11.78 million in 2015. The previous period was $25.40 million in 2023. See Casella Waste Systems' forecast for analyst expectations on what’s next for the company.

What is Casella Waste Systems's operating income?

Casella Waste Systems's total operating income in 2024 was $72.76 million, based on the following breakdown:

Total Gross Profit: $529.95 million
Total Operating Expenses: $457.19 million

How has Casella Waste Systems revenue changed over the last 9 years?

Over the last 9 years, Casella Waste Systems' total revenue changed from $546.50 million in 2015 to $1.56 billion in 2024, a change of 185.0%.

How much debt does Casella Waste Systems have?

Casella Waste Systems' total liabilities were at $1.68 billion at the end of 2024, a 10.9% increase from 2023, and a 156.3% increase since 2015.

How much cash does Casella Waste Systems have?

In the past 9 years, Casella Waste Systems' cash and equivalents has ranged from $2.00 million in 2017 to $383.30 million in 2024, and is currently $383.30 million as of their latest financial filing in 2024.

How has Casella Waste Systems' book value per share changed over the last 9 years?

Over the last 9 years, Casella Waste Systems' book value per share changed from -0.53 in 2015 to 24.49 in 2024, a change of -4,762.1%.

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This page (NASDAQ:CWST) was last updated on 6/1/2025 by MarketBeat.com Staff

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Casella Waste Systems (CWST) Financials

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Casella Waste Systems (CWST) Financials

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