CWSTCasella Waste Systems, Inc.

$6B

Q4 2025 Earnings

Industrials Waste Management

Income Statement

Revenue

$469M+9.7% YoY

Gross Profit

$77M16.4% margin

Operating Income

$21M4.4% margin

Net Income

-$3M-0.5% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-3.4%

Cash Flow

Operating Cash Flow

$97M

Free Cash Flow

$39M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$1.7B

Stockholders' Equity

$1.6B

Cash & Equivalents

$124M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$469M	$427M	+9.7%
Gross Profit	$77M	$75M	+1.6%
Operating Income	$21M	$23M	-10.7%
Net Income	-$3M	$5M	-151.5%

Revenue Segments

Collection

$308M51%

Processing Services

$107M18%

Transfer

$102M17%

Landfill Revenue

$71M12%

Transportation

$17M3%

Landfill - Gas To Energy

$2M0%

Geographic Segments

Western Region

$166M35%

Eastern Region

$121M26%

Resource Solutions Region

$93M20%

Mid-Atlantic Region

$90M19%

CWST Q4 2025 Earnings — Casella Waste Systems, Inc. Revenue & Financial Results | Market Cap Arena