Casella Waste Systems
Collects and processes waste through regional routes, transfer stations, landfills, and recycling facilities.
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Profile
Collects and disposes of solid waste across the eastern United States, linking local routes with transfer stations, landfills, recycling, organics, and Resource Solutions services. Collection provides most revenue, while acquisitions add route density and extend the regional operating footprint.
Runs vertically integrated collection, transfer, landfill, recycling, organics, and resource-management operations across the eastern United States. Eastern, Western, and Mid-Atlantic segments serve residential, commercial, municipal, institutional, and industrial customers; Resource Solutions adds materials processing, industrial recycling, organics, brokerage, and national-account services. Collection supplies most revenue, while transfer stations and landfills support route density and internal disposal.
Builds density through acquisitions and integrates acquired routes and volumes into regional facilities. Revenue comes from subscriptions and service agreements, municipal contracts, tipping fees, processing, and resource-management work. Operations depend on landfill capacity and permits, acquisition integration, fuel and recycling commodity prices, and compliance with environmental, zoning, public-health, and safety rules.
Company facts
Categories
Key statistics
Year to date −5.0% · Average volume (30d) 561.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Barclays | Reiterate | Overweight | $102 | $104 | |
| Jun 26, 2026 | UBS | Reiterate | Buy | $140 | $122 | |
| May 4, 2026 | Barclays | Upgrade | Equal Weight | Overweight | $101 | $102 |
| Feb 23, 2026 | Raymond James | Target | $120 | $115 | ||
| Feb 23, 2026 | Barclays | Reiterate | Equal Weight | $95 | $101 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.36 | $0.40 | +12.2% | $526.4M | $543.7M | +3.3% | −1.16% |
| Apr 30, 2026Q1 FY26 | $0.10 | $0.20 | +100.0% | $454.5M | $457.3M | +0.6% | +9.56% |
| Feb 19, 2026Q4 FY25 | $0.22 | $0.30 | +36.4% | $470.9M | $469.1M | −0.4% | −5.75% |
| Oct 30, 2025Q3 FY25 | $0.33 | $0.42 | +25.9% | $476.9M | $485.4M | +1.8% | +6.92% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $417.1M | $465.3M | $485.4M | $469.1M | $457.3M | $543.7M | |
| Gross profit | $65.2M | $80.3M | $170.1M | $76.7M | $70.4M | $178.8M | |
| Operating income | $8.7M | $25.7M | $34.0M | $20.8M | $12.3M | $20.0M | |
| Net income | −$4.8M | $5.2M | $10.0M | −$2.5M | −$5.5M | $3.8M | |
| Diluted EPS | −$0.08 | $0.08 | $0.16 | −$0.04 | −$0.09 | $0.06 | |
| Gross margin | 15.6% | 17.2% | 35.0% | 16.4% | 15.4% | 32.9% | |
| Operating margin | 2.1% | 5.5% | 7.0% | 4.4% | 2.7% | 3.7% |
Fiscal years (4-quarter sums)FY21 $889.2M · FY22 $1.09B · FY23 $1.26B · FY24 $1.56B · FY25 $1.84B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $25.5M · Total debt $1.45B · Total assets $3.56B · Shareholders' equity $1.58B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 62.62M · Float 62.22M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.39M | 14.99% | 13F | Aug 7, 2026 |
| Wasatch Advisors LP | 3.53M | 5.60% | 13G | Jul 9, 2026 |
| Vanguard Portfolio Management LLC | 3.45M | 5.51% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.82M | 4.51% | 13F | Aug 13, 2026 |
| State Street Corp | 2.52M | 4.02% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Michael K. Burke | director | −1,100 | $92.99 |
| Aug 14, 2026 | Douglas R. Casella | director, officer: VICE CHAIRMAN, BD OF DIRECTORS | −1,343 | $91.12 |
| Aug 13, 2026 | Douglas R. Casella | director, officer: VICE CHAIRMAN, BD OF DIRECTORS | −15,157 | $91.05 |
| May 26, 2026 | Michael K. Burke | director | −2,305 | $87.56 |
| May 19, 2026 | Edmond Coletta | officer: PRESIDENT & CEO | −12,500 | $89.56 |
Peers
- WM
Broadest overlap in North American waste and recycling.
- Republic Services
National solid-waste and environmental-solutions rival.
- Waste Connections
Secondary-market waste platform with close model overlap.
- GFL
Diversified North American solid-waste and recycling peer.
- Clean Harbors
Industrial and environmental waste-services overlap.
- Quest Resource
Asset-light waste and recycling manager for enterprises.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Casella Waste Systems | $93.68 | −0.02% | $5.87B | 1,005.2 | 71.2 | 3.0 | +16.9% |
| WM | $219.31 | −0.15% | $87.80B | 31.1 | 25.7 | 3.4 | +4.0% |
| Republic Services | $225.00 | +1.32% | $68.34B | 31.5 | 29.2 | 4.0 | +4.6% |
| Waste Connections | $165.68 | −0.14% | $41.82B | 40.2 | 28.1 | 4.3 | +3.8% |
| GFL | $43.30 | +1.14% | $14.95B | — | 68.8 | 3.0 | +11.5% |
| Clean Harbors | $310.71 | +0.02% | $16.40B | 37.7 | 31.0 | 2.6 | +12.0% |
| Quest Resource | $1.41 | −1.05% | $29.9M | — | — | 0.1 | +7.6% |
| Median | 34.6 | 29.2 | 3.2 | +6.1% |