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CASELLA WASTE SYSTEMS INC CWST

Nasdaq · stock · Refuse Systems · website · IPO 1997-10-29 · LEI

CASELLA WASTE SYSTEMS INC statistics & valuation

Market cap$6.0B
P / E762.5×
P / S3.3×
P / B3.8×
P / FCF70.9×
Net margin0.4%
Return on equity0.5%
FCF margin4.6%
Return on capital2.1%
Graham number -91%$8.16

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-1.20% -3.60% 1.00% 4.30% 11.80% 4.60% 4.90% 2.00% 0.90% 0.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
8.00% -2.10% 6.00% 7.10% 7.70% 8.70% 8.80% 6.40% 4.70% 3.50% 2016201720182019202020212022202320242025
Return on equity (%)
25.80% 25.20% 9.70% 10.70% 2.50% 0.90% 0.50% 2016201720182019202020212022202320242025
Shares outstanding
41.2M 41.8M 44.2M 48.0M 49.0M 51.5M 51.8M 55.3M 59.7M 63.6M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-1.10% -3.50% 0.90% 3.40% 7.60% 3.20% 3.70% 1.00% 0.40% 0.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
4.60% 7.10% 7.20% 1.80% 4.10% 6.70% 8.00% 6.20% 5.00% 4.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.17 -$0.52 $0.15 $0.66 $1.86 $0.80 $1.03 $0.46 $0.23 $0.12 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CASELLA WASTE SYSTEMS INC trades at about 754.7× earnings — above its 10-year norm (10-year range 30.8×–840.7×, median 185.5×).

30.8× 840.7×

Shaded band = 10-year range (30.8×–840.7×); dot = today's 754.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin3.5%4.7%6.4%8.8%8.7%7.7%7.1%6.0%-2.1%8.0%
Net margin0.4%0.9%2.0%4.9%4.6%11.8%4.3%1.0%-3.6%-1.2%
FCF margin4.6%5.0%6.2%8.0%6.7%4.1%1.8%7.2%7.1%4.6%
Return on assets0.2%0.4%1.0%3.7%3.2%7.6%3.4%0.9%-3.5%-1.1%
Return on equity0.5%0.9%2.5%10.7%9.7%25.2%25.8%-40.6%57.6%27.9%
Current ratio1.262.001.531.170.961.880.790.870.950.95

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.