Is the business good?
How good a business is CWST?
Casella Waste Systems, Inc. earns 2.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
2.0%
Return on invested capital · cost of capital 9.0% · 7.0 points below what the capital costs: growth destroys value
- Operating margin
- 3.5%
Operating margin · Industrials median 10% · 12 months to Q1 2026
- Share count, year on year
- +0.25%
Share count, year on year · flat: no meaningful dilution
- Gross margin
- 34%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 7.7% |
| FY2021 | 8.7% |
| FY2022 | 8.8% |
| FY2023 | 6.4% |
| FY2024 | 4.7% |
| FY2025 | 3.5% |
Details›
- Gross margin12 months to Q1 2026
- 34%
- Operating margin12 months to Q1 2026
- 3.5%
- Net margin12 months to Q1 2026
- 0.38%
- Free cash flow margin
- 5.5%
- Revenue, trailing twelve months
- $1.88B
- Free cash flow, trailing twelve months
- $102M
- Net income, trailing twelve months
- $7.1M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.