The financials
Casella Waste Systems, Inc. by the numbers
Casella Waste Systems, Inc. (CWST) reported revenue of $457M in Q1 2026 (quarter ended March 31, 2026), up 9.6% from the same quarter a year earlier. That came with a gross margin of 32% and net loss of $5.5M. For the full year FY2025, revenue was $1.84B (+18% year on year) and net income $7.9M. Its largest product in 2026-Q1 was Solid Waste Operations Collection at $310M, 65% of the disclosed total, just ahead of Collection at 18%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $457M | $417M | +9.6% |
| Gross profit | $148M | $137M | +8.6% |
| Operating income | $4.9M | $3.1M | +54% |
| Net income | −$5.5M | −$4.8M | n/a |
| Diluted EPS | −$0.09 | −$0.08 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Solid Waste Operations Collection | $310M | 65% |
| Collection | $88M | 18% |
| Resource Solutions Operations Processing | $43M | 9.1% |
| Transfer Station | $14M | 2.9% |
| Landfill | $6.5M | 1.4% |
| Solid Waste Operations Transportation | $4.6M | 1.0% |
| Solid Waste Operations Landfill Gas To Energy | $2.9M | 0.6% |
| Solid Waste Operations Processing | $1.8M | 0.4% |
| Processing Services | $1.4M | 0.3% |
| Transportation | $1.4M | 0.3% |
| Landfill Gas To Energy | $663K | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $465.2M (-0.73%)
Landfill Gas To Energy grew +163% year on yearSolid Waste Operations Transportation -11% year on year
Segment Latestquarter on quarteryear on year
- Solid Waste Operations Collection$309.7M$309.7MQoQ -1.4%year on year +12%-1.4%+12%
- Collection$87.6M$87.6MQoQ -5.4%year on year +8.0%-5.4%+8.0%
- Resource Solutions Operations Processing$43.3M$43.3MQoQ +30%year on year -2.7%+30%-2.7%
- Transfer Station$13.7M$13.7MQoQ -33%year on year -0.12%-33%-0.12%
- Landfill$6.5M$6.5MQoQ -20%year on year -3.7%-20%-3.7%
- Solid Waste Operations Transportation$4.6M$4.6MQoQ -year on year -11%--11%
- Solid Waste Operations Landfill Gas To Energy$2.9M$2.9MQoQ +91%year on year +6.1%+91%+6.1%
- Solid Waste Operations Processing$1.8M$1.8MQoQ -43%year on year -9.9%-43%-9.9%
- Processing Services$1.4M$1.4MQoQ -48%year on year -10%-48%-10%
- Transportation$1.4M$1.4MQoQ -12%year on year +5.3%-12%+5.3%
- Landfill Gas To Energy$663.0K$663.0KQoQ +100%year on year +163%+100%+163%
- National Accounts$0.00$0.00QoQ -year on year ---
- Rebate Recycled Or Returned Organic Materials−$8.5M−$8.5MQoQ -year on year ---