Casella Waste [CWST] vs Waste Connections [WCN] Detailed Stock Comparison

Casella Waste Systems Inc.

NASDAQ
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Waste Connections Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Casella Waste Systems Inc. wins in 5 metrics, Waste Connections Inc. wins in 15 metrics, with 0 ties. Waste Connections Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Casella Waste Systems Inc. Waste Connections Inc. Better
P/E Ratio (TTM) 669.00 37.87 Waste Connections Inc.
Price-to-Book Ratio 3.25 4.90 Casella Waste Systems Inc.
Debt-to-Equity Ratio 79.53 110.92 Casella Waste Systems Inc.
PEG Ratio -4.46 -0.16 Waste Connections Inc.
EV/EBITDA 16.28 16.60 Casella Waste Systems Inc.
Profit Margin (TTM) 0.43% 11.37% Waste Connections Inc.
Operating Margin (TTM) 4.43% 18.00% Waste Connections Inc.
EBITDA Margin (TTM) 4.43% 18.00% Waste Connections Inc.
Return on Equity 0.51% 13.37% Waste Connections Inc.
Return on Assets (TTM) 1.71% 5.43% Waste Connections Inc.
Free Cash Flow (TTM) $84.03M $1.22B Waste Connections Inc.
Dividend Yield N/A 0.58% N/A
1-Year Return -29.90% -24.39% Waste Connections Inc.
Price-to-Sales Ratio (TTM) 2.78 4.26 Casella Waste Systems Inc.
Enterprise Value $6.45B $49.97B Waste Connections Inc.
EV/Revenue Ratio 3.51 5.28 Casella Waste Systems Inc.
Gross Profit Margin (TTM) 33.31% 42.52% Waste Connections Inc.
Revenue per Share (TTM) $29 $37 Waste Connections Inc.
Earnings per Share (Diluted) $0.12 $4.17 Waste Connections Inc.
Beta (Stock Volatility) 0.84 0.61 Waste Connections Inc.
Short % of Float 6.62% 0.94% Waste Connections Inc.

Casella Waste Systems Inc. vs Waste Connections Inc. Stock Performance Analysis

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CWST
WCN

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Casella Waste Systems Inc.1.23%-4.72%-3.94%-9.70%-13.18%-15.86%
Waste Connections Inc.1.21%-2.99%-7.17%-13.90%-13.96%-14.38%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Casella Waste Systems Inc.-29.90%-12.42%24.44%1,046.03%1,302.22%402.88%
Waste Connections Inc.-24.39%6.83%22.81%217.74%332.57%763.88%

Performance & Financial Health Analysis: Casella Waste Systems Inc. vs Waste Connections Inc.

MetricCWSTWCN
Market Information
Market Cap i$5.10B$40.37B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i662,3131,384,038
90 Day Avg. Volume i808,3541,306,679
Last Close$84.02$150.89
52 Week Range$74.05 - $118.91$146.89 - $195.83
% from 52W High-29.34%-22.95%
All-Time High$121.24 (May 05, 2025)$201.66 (Mar 31, 2025)
% from All-Time High-30.70%-25.18%
Growth Metrics
Quarterly Revenue Growth0.10%0.05%
Quarterly Earnings Growth0.10%0.05%
Financial Health
Profit Margin (TTM) i0.00%0.11%
Operating Margin (TTM) i0.04%0.18%
Return on Equity (TTM) i0.01%0.13%
Debt to Equity (MRQ) i79.53110.92
Cash & Liquidity
Book Value per Share (MRQ)$24.70$32.26
Cash per Share (MRQ)$1.98$0.18
Operating Cash Flow (TTM) i$329.78M$2.41B
Levered Free Cash Flow (TTM) i$113.95M$1.17B
Dividends
Last 12-Month Dividend Yield iN/A0.58%
Last 12-Month Dividend iN/A$0.99

Valuation & Enterprise Metrics Analysis: Casella Waste Systems Inc. vs Waste Connections Inc.

MetricCWST (Apr 26, 2026)WCN (Apr 22, 2026)
Price Ratios
P/E Ratio (TTM) i669.0037.87
Forward P/E i52.7525.58
PEG Ratio i-4.46-0.16
Price to Sales (TTM) i2.784.26
Price to Book (MRQ) i3.254.90
Market Capitalization
Market Capitalization i$5.10B$40.37B
Enterprise Value i$6.45B$49.97B
Enterprise Value Metrics
Enterprise to Revenue i3.515.28
Enterprise to EBITDA i16.2816.60
Risk & Other Metrics
Beta i0.840.61
Book Value per Share (MRQ) i$24.70$32.26

Financial Statements Comparison: Casella Waste Systems Inc. vs Waste Connections Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricCWST (2025)WCN (2025)
Revenue/Sales i1.84B9.47B
Cost of Goods Sold i1.22B5.46B
COGS % of Revenue i66.2%57.6%
Gross Profit i620.24M4.01B
Gross Margin i33.8%42.4%
Research & Development iN/AN/A
Operating Income (EBIT) i89.18M1.82B
Operating Margin i4.9%19.2%
EBITDA i404.92M3.09B
EBITDA Margin i22.0%32.7%
Pre-Tax Income i13.05M1.42B
Pre-Tax Income % of Revenue i0.7%15.0%
Income Tax i5.18M341.36M
Income Tax % of Revenue i0.3%3.6%
Net Income (Profit) i7.87M1.08B
Profit Margin i0.4%11.4%

Balance Sheet & Liquidity Metrics

MetricCWST (2025)WCN (2025)
Cash & Equivalents i123.77M45.97M
Total Current Assets i369.28M1.31B
Total Current Assets % of Revenue i20.1%13.9%
Total Current Liabilities i293.90M2.12B
Total Current Liabilities % of Revenue i16.0%22.4%
Long-Term Debt i1.20B9.08B
Long-Term Debt % of Revenue i65.4%95.9%
Total Shareholders Equity i1.57B8.25B
Retained Earnings i-125.11M5.20B
Retained Earnings % of Revenue i-6.8%54.9%
Property, Plant & Equipment i623.91M14.51B

Cash Flow Statement Comparison

MetricCWST (2025)WCN (2025)
Operating Cash Flow i355.09M2.24B
Operating Cash Flow % of Revenue i19.3%23.7%
Capital Expenditures i-244.26MN/A
Free Cash Flow i84.03M1.22B
FCF Margin i4.6%12.9%
Debt Repayment i-116.34M-2.13B
Common Stock Repurchase iN/A-505.52M

Short Interest & Institutional Ownership Analysis

MetricCWSTWCN
Shares Short i4.12M2.10M
Short Ratio i4.861.62
Short % of Float i6.62%0.94%
Shares Outstanding i63.51M255.61M
Float Shares i62.11M254.78M
% Held by Insiders i0.62%0.24%
% Held by Institutions i125.30%90.64%
% Held by Public i-25.92%9.12%

Dividend Analysis & Yield Comparison: Casella Waste Systems Inc. vs Waste Connections Inc.

MetricCWSTWCN
Last 12-Month Dividend iN/A$0.99
Last 12-Month Dividend Yield iN/A0.58%
3-Year Avg Annual Dividend iN/A$1.09
3-Year Avg Dividend Yield iN/A0.18%
3-Year Total Dividends iN/A$3.27
Ex-Dividend DateN/AFeb 25, 2026