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

TLDR: Quick Comparison Summary

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

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Vital Metrics Comparison

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

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

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Waste Connections Inc.1.21%-2.99%-7.17%-13.90%-13.96%-14.38%
Casella Waste Systems Inc.1.20%-4.72%-3.94%-9.70%-13.18%-15.86%

Long-term Returns

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

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

MetricWCNCWST
Market Information
Market Cap i$40.37B$5.10B
Market Cap CategoryLarge capMid cap
10 Day Avg. Volume i1,384,038662,313
90 Day Avg. Volume i1,306,679808,354
Last Close$150.89$84.00
52 Week Range$146.89 - $195.83$74.05 - $118.91
% from 52W High-22.95%-29.36%
All-Time High$201.66 (Mar 31, 2025)$121.24 (May 05, 2025)
% from All-Time High-25.18%-30.72%
Growth Metrics
Quarterly Revenue Growth0.05%0.10%
Quarterly Earnings Growth0.05%0.10%
Financial Health
Profit Margin (TTM) i0.11%0.00%
Operating Margin (TTM) i0.18%0.04%
Return on Equity (TTM) i0.13%0.01%
Debt to Equity (MRQ) i110.9279.53
Cash & Liquidity
Book Value per Share (MRQ)$32.26$24.70
Cash per Share (MRQ)$0.18$1.98
Operating Cash Flow (TTM) i$2.41B$329.78M
Levered Free Cash Flow (TTM) i$1.17B$113.95M
Dividends
Last 12-Month Dividend Yield i0.58%N/A
Last 12-Month Dividend i$0.99N/A

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

MetricWCN (Apr 22, 2026)CWST (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i37.87669.00
Forward P/E i25.5852.75
PEG Ratio i-0.16-4.46
Price to Sales (TTM) i4.262.78
Price to Book (MRQ) i4.903.25
Market Capitalization
Market Capitalization i$40.37B$5.10B
Enterprise Value i$49.97B$6.45B
Enterprise Value Metrics
Enterprise to Revenue i5.283.51
Enterprise to EBITDA i16.6016.28
Risk & Other Metrics
Beta i0.610.84
Book Value per Share (MRQ) i$32.26$24.70

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

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricWCN (2025)CWST (2025)
Revenue/Sales i9.47B1.84B
Cost of Goods Sold i5.46B1.22B
COGS % of Revenue i57.6%66.2%
Gross Profit i4.01B620.24M
Gross Margin i42.4%33.8%
Research & Development iN/AN/A
Operating Income (EBIT) i1.82B89.18M
Operating Margin i19.2%4.9%
EBITDA i3.09B404.92M
EBITDA Margin i32.7%22.0%
Pre-Tax Income i1.42B13.05M
Pre-Tax Income % of Revenue i15.0%0.7%
Income Tax i341.36M5.18M
Income Tax % of Revenue i3.6%0.3%
Net Income (Profit) i1.08B7.87M
Profit Margin i11.4%0.4%

Balance Sheet & Liquidity Metrics

MetricWCN (2025)CWST (2025)
Cash & Equivalents i45.97M123.77M
Total Current Assets i1.31B369.28M
Total Current Assets % of Revenue i13.9%20.1%
Total Current Liabilities i2.12B293.90M
Total Current Liabilities % of Revenue i22.4%16.0%
Long-Term Debt i9.08B1.20B
Long-Term Debt % of Revenue i95.9%65.4%
Total Shareholders Equity i8.25B1.57B
Retained Earnings i5.20B-125.11M
Retained Earnings % of Revenue i54.9%-6.8%
Property, Plant & Equipment i14.51B623.91M

Cash Flow Statement Comparison

MetricWCN (2025)CWST (2025)
Operating Cash Flow i2.24B355.09M
Operating Cash Flow % of Revenue i23.7%19.3%
Capital Expenditures iN/A-244.26M
Free Cash Flow i1.22B84.03M
FCF Margin i12.9%4.6%
Debt Repayment i-2.13B-116.34M
Common Stock Repurchase i-505.52MN/A

Short Interest & Institutional Ownership Analysis

MetricWCNCWST
Shares Short i2.10M4.12M
Short Ratio i1.624.86
Short % of Float i0.94%6.62%
Shares Outstanding i255.61M63.51M
Float Shares i254.78M62.11M
% Held by Insiders i0.24%0.62%
% Held by Institutions i90.64%125.30%
% Held by Public i9.12%-25.92%

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

MetricWCNCWST
Last 12-Month Dividend i$0.99N/A
Last 12-Month Dividend Yield i0.58%N/A
3-Year Avg Annual Dividend i$1.09N/A
3-Year Avg Dividend Yield i0.18%N/A
3-Year Total Dividends i$3.27N/A
Ex-Dividend DateFeb 25, 2026N/A