Income Statement Casella Waste Systems, Inc.

Stocks

CWST

US1474481041

Environmental Services & Equipment

Market Closed - Nasdaq Other stock markets 21:00:00 08/06/2026 BST			5-day change	1st Jan Change
84.58 ^USD	-1.54%		-0.60%	-13.64%

05-22	Casella Waste Systems Insider Sold Shares Worth $1,119,523, According to a Recent SEC Filing	MT
05-14	Casella Waste Systems and Waga Energy Unveil RNG Facility at Ribbon Cutting	CI

5bec63.Be8gJE4p0t8685NLIiCq6k7adJlAvoasF_iHhrdwXwY.ctsZQD5fgJtUkPA_dmTSmg2DE6ECxLHicby-9f0dGjN2i3hzIm3kiXS7_A

Published financial data: CASELLA WASTE SYSTEMS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	889M	1.09B	1.26B	1.56B	1.84B
Total Revenues	889M	1.09B	1.26B	1.56B	1.84B
Cost of Goods Sold, Total	582M	723M	833M	1.03B	1.22B
Gross Profit	307M	362M	432M	530M	620M
Selling General & Admin Expenses, Total	119M	133M	156M	191M	224M
Depreciation & Amortization - (IS)	104M	126M	171M	235M	307M
Other Operating Expenses	-	759K	3.87M	-	-
Other Operating Expenses, Total	222M	261M	330M	426M	531M
Operating Income	84.38M	101M	101M	104M	89.18M
Interest Expense, Total	-21.23M	-23.72M	-47.58M	-62.41M	-62.54M
Interest And Investment Income	302K	709K	10.74M	10.43M	9.95M
Net Interest Expenses	-20.93M	-23.01M	-36.84M	-51.98M	-52.6M
Other Non Operating Income (Expenses)	1.31M	2.58M	1.65M	1.67M	1.98M
EBT, Excl. Unusual Items	64.77M	81.02M	65.93M	53.97M	38.56M
Restructuring Charges	-496K	-1.44M	-467K	-6.65M	-1.34M
Merger & Related Restructuring Charges	-5.3M	-4.61M	-15.04M	-24.88M	-24.17M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Legal Settlements	-	-	-6.15M	-	-
Other Unusual Items	-924K	-	-7.23M	-1.4M	-
EBT, Incl. Unusual Items	58.05M	74.97M	37.04M	21.05M	13.05M
Income Tax Expense	16.95M	21.89M	11.65M	7.51M	5.18M
Earnings From Continuing Operations	41.1M	53.08M	25.4M	13.54M	7.87M
Net Income to Company	41.1M	53.08M	25.4M	13.54M	7.87M
Minority Interest	-	-	-	-	-
Net Income - (IS)	41.1M	53.08M	25.4M	13.54M	7.87M
Net Income to Common Incl Extra Items	41.1M	53.08M	25.4M	13.54M	7.87M
Net Income to Common Excl. Extra Items	41.1M	53.08M	25.4M	13.54M	7.87M
Per Share Items
Net EPS - Basic	0.8	1.03	0.46	0.23	0.12
Basic EPS - Continuing Operations	0.8	1.03	0.46	0.23	0.12
Basic Weighted Average Shares Outstanding	51.31M	51.62M	55.17M	59.58M	63.46M
Net EPS - Diluted	0.8	1.03	0.46	0.23	0.12
Diluted EPS - Continuing Operations	0.8	1.03	0.46	0.23	0.12
Diluted Weighted Average Shares Outstanding	51.52M	51.77M	55.27M	59.68M	63.56M
Normalized Basic EPS	0.79	0.98	0.75	0.57	0.38
Normalized Diluted EPS	0.79	0.98	0.75	0.57	0.38
Supplemental Items
EBITDA	188M	228M	272M	339M	396M
EBITA	95.34M	118M	132M	161M	166M
EBIT	84.38M	101M	101M	104M	89.18M
EBITDAR	206M	246M	293M	367M	430M
Effective Tax Rate - (Ratio)	29.19	29.2	31.44	35.69	39.7
Current Domestic Taxes	1.87M	5.36M	4.38M	614K	2.38M
Total Current Taxes	1.87M	5.36M	4.38M	614K	2.38M
Deferred Domestic Taxes	15.07M	16.52M	7.26M	6.9M	2.8M
Total Deferred Taxes	15.07M	16.52M	7.26M	6.9M	2.8M
Normalized Net Income	40.48M	50.63M	41.2M	33.73M	24.1M
Interest Capitalized	718K	330K	643K	1.08M	773K
Interest on Long-Term Debt	21.95M	24.05M	47.72M	63.5M	63.32M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	119M	133M	156M	191M	224M
Net Rental Expense, Total	17.83M	18.21M	21.24M	28.17M	33.6M
Imputed Operating Lease Interest Expense	5.03M	5.48M	9.16M	12.22M	13.85M
Imputed Operating Lease Depreciation	12.8M	12.73M	12.08M	15.94M	19.76M
Maintenance & Repair Expenses, Total	-	-	-	134M	163M
Stock-Based Comp., G&A Exp. (Total)	11.55M	8.16M	9.08M	12.19M	14.22M
Total Stock-Based Compensation	11.55M	8.16M	9.08M	12.19M	14.22M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	33.81M	71.15M	221M	358M	124M
Trading Asset Securities, Total	-	4.34M	5.95M	3.61M	2.08M
Total Cash And Short Term Investments	33.81M	75.5M	227M	362M	126M
Accounts Receivable, Total	86.98M	101M	157M	166M	178M
Other Receivables	-	-	3.09M	9.29M	-
Total Receivables	86.98M	101M	160M	175M	178M
Inventory	9.73M	13.47M	17.86M	21.54M	-
Prepaid Expenses	12.77M	15.18M	17.22M	23.05M	29.93M
Restricted Cash	-	-	-	25M	-
Other Current Assets, Total	3.2M	2.44M	3.97M	6.61M	35.43M
Total Current Assets	146M	207M	426M	613M	369M
Gross Property Plant And Equipment	1.71B	1.88B	2.25B	2.57B	2.89B
Accumulated Depreciation	-973M	-1.06B	-1.17B	-1.3B	-1.5B
Net Property Plant And Equipment	738M	813M	1.08B	1.26B	1.39B
Long-term Investments	11.69M	18.43M	15.38M	15M	11.8M
Goodwill	233M	274M	736M	1B	1.12B
Other Intangibles, Total	93.72M	91.78M	241M	313M	291M
Deferred Tax Assets Long-Term	43.96M	22.9M	11.22M	-	-
Deferred Charges Long-Term	-	-	-	-	13.51M
Other Long-Term Assets, Total	16.47M	21.55M	24.04M	23.16M	103M
Total Assets	1.28B	1.45B	2.54B	3.23B	3.3B
Liabilities
Accounts Payable, Total	63.09M	74.2M	117M	111M	102M
Accrued Expenses, Total	56.78M	61.81M	67.64M	88.84M	97.96M
Current Portion of Long-Term Debt	5.37M	-	23.35M	23.24M	3.07M
Current Portion of Leases	15.63M	15.97M	21.47M	30.24M	37.69M
Unearned Revenue Current, Total	3.4M	3.74M	31.47M	50.69M	45.15M
Other Current Liabilities	7.92M	21.88M	18.14M	3.22M	7.56M
Total Current Liabilities	152M	178M	279M	307M	294M
Long-Term Debt	506M	544M	979M	1.04B	1.07B
Long-Term Leases	93.78M	98.19M	107M	114M	141M
Deferred Tax Liability Non Current	868K	437K	627K	19.09M	18.96M
Other Non Current Liabilities	108M	131M	149M	195M	215M
Total Liabilities	861M	951M	1.51B	1.68B	1.73B
Common Stock, Total	514K	517K	580K	634K	635K
Additional Paid In Capital	652M	662M	1.17B	1.68B	1.7B
Retained Earnings	-225M	-172M	-147M	-133M	-125M
Comprehensive Income and Other	-5.1M	7.54M	-1.08M	3.31M	-3.96M
Total Common Equity	422M	498M	1.02B	1.55B	1.57B
Minority Interest	-	-	-	-	-
Total Equity	422M	498M	1.02B	1.55B	1.57B
Total Liabilities And Equity	1.28B	1.45B	2.54B	3.23B	3.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	51.41M	51.7M	58M	63.36M	63.51M
ECS Total Common Shares Outstanding	51.41M	51.69M	58M	63.36M	63.51M
Book Value / Share	8.22	9.63	17.62	24.48	24.7
Tangible Book Value	95.87M	132M	44.69M	235M	158M
Tangible Book Value Per Share	1.86	2.55	0.77	3.71	2.48
Total Debt	621M	658M	1.13B	1.21B	1.25B
Net Debt	587M	583M	903M	849M	1.12B
Debt Equivalent Oper. Leases	143M	146M	170M	225M	269M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	3
Land - (BS)	34.12M	37.32M	47.86M	56.01M	67.19M
Buildings, Total	188M	209M	262M	303M	355M
Machinery, Total	460M	520M	683M	809M	950M
Full Time Employees	2.9K	3.2K	4.2K	5.1K	5.6K
Assets on Operating Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	3.28M	3.02M	4.07M	8.52M	7.08M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	41.1M	53.08M	25.4M	13.54M	7.87M
Depreciation & Amortization - CF	97.76M	110M	147M	188M	242M
Amortization of Goodwill and Intangible Assets - (CF)	10.95M	16.59M	31.04M	56.48M	76.48M
Depreciation & Amortization, Total	109M	126M	178M	244M	319M
Amortization of Deferred Charges, Total - (CF)	2.29M	1.9M	2.96M	2.96M	3.02M
(Gain) Loss From Sale Of Asset	172K	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-356K	-	-	-	-
Stock-Based Compensation (CF)	11.55M	8.16M	9.08M	12.19M	14.22M
Other Operating Activities, Total	32.34M	39.08M	37.13M	39.15M	30.38M
Change In Accounts Receivable	-7.42M	-7.1M	-39.44M	1.25M	-3.6M
Change In Accounts Payable	13.89M	11.08M	41.59M	-13.63M	-8.56M
Change in Other Net Operating Assets	-19.54M	-15.22M	-21.73M	-18.22M	-32.08M
Cash from Operations	183M	217M	233M	281M	330M
Capital Expenditure	-123M	-131M	-155M	-203M	-245M
Sale of Property, Plant, and Equipment	788K	600K	1.11M	1.38M	809K
Cash Acquisitions	-171M	-78.2M	-852M	-469M	-224M
Sale (Purchase) of Intangible assets	-	-	-	-280K	-672K
Investment in Marketable and Equity Securities, Total	-	1.64M	-	-	-
Other Investing Activities, Total	-	-	-	146K	-
Cash from Investing	-293M	-207M	-1.01B	-671M	-469M
Long-Term Debt Issued, Total	3.7M	88.2M	465M	847M	91.5M
Total Debt Issued	3.7M	88.2M	465M	847M	91.5M
Long-Term Debt Repaid, Total	-10.3M	-59.21M	-26.26M	-784M	-116M
Total Debt Repaid	-10.3M	-59.21M	-26.26M	-784M	-116M
Issuance of Common Stock	172K	192K	496M	497M	-
Other Financing Activities, Total	-3.68M	-2.23M	-12.76M	-8.02M	-2.23M
Cash from Financing	-10.12M	26.95M	922M	552M	-27.07M
Net Change in Cash	-121M	37.34M	150M	162M	-166M
Supplemental Items
Cash Interest Paid	19.02M	21M	43.59M	61.22M	58.97M
Cash Income Tax Paid (Refund)	1.44M	2.8M	10.11M	6.78M	-154K
Levered Free Cash Flow	41.51M	65.16M	73.61M	49.8M	114M
Unlevered Free Cash Flow	52.49M	78.08M	100M	85.85M	150M
Change In Net Working Capital	-2.78M	-11.13M	-4.93M	32.14M	-7.27M
Net Debt Issued / Repaid	-6.6M	28.99M	439M	63.07M	-24.84M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.26	4.64	3.17	2.26	1.71
Return on Total Capital	5.2	5.76	3.82	2.65	2
Return On Equity %	10.48	11.53	3.34	1.05	0.5
Return on Common Equity	10.48	11.53	3.34	1.05	0.5
Margin Analysis
Gross Profit Margin %	34.5	33.36	34.13	34.03	33.77
SG&A Margin	13.36	12.3	12.32	12.25	12.21
EBITDA Margin %	21.14	20.99	21.5	21.78	21.56
EBITA Margin %	10.72	10.88	10.45	10.32	9.02
EBIT Margin %	9.49	9.35	8	6.7	4.86
Income From Continuing Operations Margin %	4.62	4.89	2.01	0.87	0.43
Net Income Margin %	4.62	4.89	2.01	0.87	0.43
Net Avail. For Common Margin %	4.62	4.89	2.01	0.87	0.43
Normalized Net Income Margin	4.55	4.67	3.26	2.17	1.31
Levered Free Cash Flow Margin	4.67	6	5.82	3.2	6.2
Unlevered Free Cash Flow Margin	5.9	7.2	7.94	5.51	8.17
Asset Turnover
Asset Turnover	0.72	0.79	0.63	0.54	0.56
Fixed Assets Turnover	1.32	1.4	1.34	1.33	1.38
Receivables Turnover (Average Receivables)	11.03	11.55	9.79	9.64	10.68
Inventory Turnover (Average Inventory)	66.19	62.33	53.17	52.15	-
Short Term Liquidity
Current Ratio	0.96	1.17	1.53	2	1.26
Quick Ratio	0.79	0.99	1.39	1.75	1.03
Operating Cash Flow to Current Liabilities	1.2	1.22	0.84	0.92	1.12
Days Sales Outstanding (Average Receivables)	33.08	31.6	37.27	37.98	34.18
Days Outstanding Inventory (Average Inventory)	5.51	5.86	6.86	7.02	-
Average Days Payable Outstanding	35.07	34.47	41.63	40.45	32.03
Cash Conversion Cycle (Average Days)	3.52	2.98	2.5	4.55	-
Long Term Solvency
Total Debt/Equity	147.06	132.22	110.62	78.08	79.53
Total Debt / Total Capital	59.52	56.94	52.52	43.84	44.3
LT Debt/Equity	142.09	129.01	106.23	74.63	76.93
Long-Term Debt / Total Capital	57.51	55.56	50.44	41.91	42.85
Total Liabilities / Total Assets	67.09	65.64	59.7	51.99	52.51
EBIT / Interest Expense	3.97	4.28	2.13	1.67	1.43
EBITDA / Interest Expense	9.69	10.37	6.16	5.89	6.87
(EBITDA - Capex) / Interest Expense	3.89	4.85	2.9	2.63	2.95
Total Debt / EBITDA	3.02	2.68	3.86	3.3	2.9
Net Debt / EBITDA	2.85	2.37	3.08	2.31	2.61
Total Debt / (EBITDA - Capex)	7.53	5.72	8.18	7.38	6.76
Net Debt / (EBITDA - Capex)	7.12	5.07	6.54	5.17	6.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.8	22.03	16.54	23.15	17.95
Gross Profit, 1 Yr. Growth %	18.49	17.98	19.22	22.53	17.04
EBITDA, 1 Yr. Growth %	20.09	21.78	19.33	22.6	16.75
EBITA, 1 Yr. Growth %	27.73	25.02	11.96	17.36	3.04
EBIT, 1 Yr. Growth %	28.35	21.55	-0.32	-1.57	-14.48
Earnings From Cont. Operations, 1 Yr. Growth %	-54.89	29.15	-52.15	-46.71	-41.85
Net Income, 1 Yr. Growth %	-54.89	29.15	-52.15	-46.71	-41.85
Normalized Net Income, 1 Yr. Growth %	44.73	26.89	-18.62	-23.73	-28.54
Diluted EPS Before Extra, 1 Yr. Growth %	-56.99	28.53	-55.26	-50.61	-47.18
Accounts Receivable, 1 Yr. Growth %	17.23	15.99	55.94	5.46	7.32
Inventory, 1 Yr. Growth %	23.65	38.47	32.56	20.61	-
Net Property, Plant and Equip., 1 Yr. Growth %	21.88	10.05	33.08	16.78	10.44
Total Assets, 1 Yr. Growth %	7.51	12.9	74.95	27.4	2.27
Tangible Book Value, 1 Yr. Growth %	-11.98	37.32	-66.05	426.06	-32.88
Common Equity, 1 Yr. Growth %	16.66	17.86	105.22	51.78	1.15
Cash From Operations, 1 Yr. Growth %	30.6	18.92	7.26	20.71	17.21
Capital Expenditures, 1 Yr. Growth %	14.05	6.22	18.29	31.19	20.59
Levered Free Cash Flow, 1 Yr. Growth %	73.84	81.94	2.97	-35.02	128.81
Unlevered Free Cash Flow, 1 Yr. Growth %	47.07	66.86	18.92	-16.99	74.75
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.38	18.36	19.25	19.8	20.52
Gross Profit, 2 Yr. CAGR %	14.35	18.23	18.6	21	19.75
EBITDA, 2 Yr. CAGR %	15.11	20.64	20.55	22.03	19.64
EBITA, 2 Yr. CAGR %	17.31	25.75	18.31	16.71	9.97
EBIT, 2 Yr. CAGR %	16.6	24.22	10.07	1.39	-8.25
Earnings From Cont. Operations, 2 Yr. CAGR %	13.95	-23.67	-21.39	-49.5	-44.33
Net Income, 2 Yr. CAGR %	13.95	-23.67	-21.39	-49.5	-44.33
Normalized Net Income, 2 Yr. CAGR %	29.26	34.55	1.62	-18.38	-26.18
Diluted EPS Before Extra, 2 Yr. CAGR %	10.1	-25.65	-24.17	-52.99	-48.92
Accounts Receivable, 2 Yr. CAGR %	4.14	16.61	34.49	28.24	6.39
Inventory, 2 Yr. CAGR %	12.56	30.85	35.49	26.44	-
Net Property, Plant and Equip., 2 Yr. CAGR %	15.67	15.82	21.02	24.66	13.56
Total Assets, 2 Yr. CAGR %	17.34	10.17	40.55	49.29	14.14
Tangible Book Value, 2 Yr. CAGR %	-11.27	9.95	-31.72	33.63	87.9
Common Equity, 2 Yr. CAGR %	85.51	17.26	55.52	76.49	23.91
Cash From Operations, 2 Yr. CAGR %	25.07	24.62	12.94	13.78	18.94
Capital Expenditures, 2 Yr. CAGR %	9.32	10.06	12.09	24.57	25.78
Levered Free Cash Flow, 2 Yr. CAGR %	115.44	79.86	43.37	-12.58	28.27
Unlevered Free Cash Flow, 2 Yr. CAGR %	53.29	56.32	46.47	4.86	24.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.41	13.44	17.75	20.54	19.18
Gross Profit, 3 Yr. CAGR %	14.01	15.55	18.56	19.98	19.66
EBITDA, 3 Yr. CAGR %	15.42	17.1	20.2	21.94	20.24
EBITA, 3 Yr. CAGR %	20.07	19.44	20.98	19.41	11.96
EBIT, 3 Yr. CAGR %	17.7	17.8	15.43	7.71	-4.2
Earnings From Cont. Operations, 3 Yr. CAGR %	85.68	18.81	-34.67	-30.94	-47.07
Net Income, 3 Yr. CAGR %	85.68	18.81	-34.67	-30.94	-47.07
Normalized Net Income, 3 Yr. CAGR %	34.73	27.85	13.78	-5.45	-21.92
Diluted EPS Before Extra, 3 Yr. CAGR %	74.72	15.93	-37.23	-34.27	-51.13
Accounts Receivable, 3 Yr. CAGR %	5.09	7.95	28.47	24.02	20.85
Inventory, 3 Yr. CAGR %	14.14	20.61	31.42	30.33	-
Net Property, Plant and Equip., 3 Yr. CAGR %	22.21	13.77	21.31	19.59	19.73
Total Assets, 3 Yr. CAGR %	20.57	15.84	28.54	36.02	31.61
Tangible Book Value, 3 Yr. CAGR %	-23.4	2.63	-25.69	34.85	6.22
Common Equity, 3 Yr. CAGR %	198.82	59.48	41.31	54.26	46.6
Cash From Operations, 3 Yr. CAGR %	14.78	22.98	18.54	15.47	14.92
Capital Expenditures, 3 Yr. CAGR %	18.96	8.28	12.74	18.13	23.23
Levered Free Cash Flow, 3 Yr. CAGR %	-5.41	93.86	54.04	11.62	20.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	-5.92	51.76	46.46	22.42	24.32
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.49	12.61	13.87	15.94	18.85
Gross Profit, 5 Yr. CAGR %	10.88	13.27	15.82	17.7	19.09
EBITDA, 5 Yr. CAGR %	11.78	14.67	17.33	19.05	20.4
EBITA, 5 Yr. CAGR %	14.72	16.57	19.13	18.34	17.29
EBIT, 5 Yr. CAGR %	12.98	13.96	14.33	10.94	6.29
Earnings From Cont. Operations, 5 Yr. CAGR %	43.06	19.48	31.66	-15.62	-38.72
Net Income, 5 Yr. CAGR %	43.1	19.48	31.66	-15.62	-38.72
Normalized Net Income, 5 Yr. CAGR %	50.83	22.96	20.01	6.84	-2.93
Diluted EPS Before Extra, 5 Yr. CAGR %	36.31	14.57	25.12	-19.21	-42.2
Accounts Receivable, 5 Yr. CAGR %	7.28	8.87	15.99	15.65	19.13
Inventory, 5 Yr. CAGR %	14.63	15.57	22.24	22.91	-
Net Property, Plant and Equip., 5 Yr. CAGR %	13.13	17.58	21.73	18.01	18.15
Total Assets, 5 Yr. CAGR %	15.24	18.7	28.19	28.22	22.57
Tangible Book Value, 5 Yr. CAGR %	-8.82	-4.83	-26.85	14.06	7.7
Common Equity, 5 Yr. CAGR %	76.7	67.41	130.13	66.08	34.07
Cash From Operations, 5 Yr. CAGR %	17.84	15.11	14.04	19.22	18.7
Capital Expenditures, 5 Yr. CAGR %	17.85	15.09	16.16	14.52	17.78
Levered Free Cash Flow, 5 Yr. CAGR %	14.98	23.09	8.46	40.98	41.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.01	16.68	9.75	30.9	36.25