Filing Flows › Casella Waste Systems (CWST) › Q1 2026 › vs Q1 2025
Casella Waste Systems (CWST) Q1 2026 vs Q1 2025 (year over year)
Casella Waste Systems's revenue rose $40.2M (+10%) from $417M in Q1 2025 to $457M in Q1 2026. The biggest changes: Solid waste +$34.0M (+10%); Resource Solutions +$6.6M (+8%).
Casella Waste Systems, Q1 2026: revenue $457M (+10% year over year), operating margin 1.1%, net loss $5.5M, operating cash flow $62.3M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.7% | 7.0% | -0.3 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Collection | $310M | $276M | $33.2M | +12% |
| National Accounts | $45.5M | $37.7M | $7.8M | +21% |
| Processing | $43.3M | $44.5M | −$1.2M | -3% |
| Transfer station | $28.0M | $27.6M | $465K | +2% |
| Landfill | $21.5M | $20.9M | $561K | +3% |
| Transportation | $4.6M | $5.2M | −$567K | -11% |
| Landfill gas-to-energy | $2.9M | $2.8M | $170K | +6% |
| Landfill gas-to-energy | $2.9M | $2.8M | $170K | +6% |
| Solid waste | $370M | $336M | $34.0M | +10% |
| Resource Solutions | $88.8M | $82.2M | $6.6M | +8% |
| Revenue | $457M | $417M | $40.2M | +10% |
| Income tax benefit | $3.3M | $3.3M | −$40K | -1% |
| Net loss | $5.5M | $4.8M | $729K | +15% |
| Costs & expenses | $466M | $425M | $40.9M | +10% |
| Operating costs | $452M | $414M | $38.5M | +9% |
| Interest & other, net | $13.7M | $11.3M | $2.4M | +21% |
| Cost of revenue | $309M | $280M | $28.5M | +10% |
| General & admin | $58.1M | $56.5M | $1.6M | +3% |
| Other operating costs | $85.4M | $77.0M | $8.4M | +11% |
| Operating cash sources | $80.8M | $76.4M | $4.4M | +6% |
| Depreciation & amortization | $78.0M | $71.5M | $6.5M | +9% |
| Share-based compensation | $2.9M | $4.9M | −$2.0M | -42% |
| Net loss absorbed | $5.5M | $4.8M | $729K | +15% |
| Working capital & other | $13.1M | $21.5M | −$8.4M | -39% |
| Operating cash flow | $62.3M | $50.1M | $12.1M | +24% |
| Adjusted Free Cash Flow (company-reported) | $30.7M | $29.1M | $1.6M | +5% |
| Capital expenditures, net | $31.6M | $21.1M | $10.5M | +50% |
Questions
How much did Casella Waste Systems's revenue grow year over year in Q1 2026?
Casella Waste Systems's revenue rose $40.2M (+10%) from $417M in Q1 2025 to $457M in Q1 2026.
What drove Casella Waste Systems's revenue change in Q1 2026?
Solid waste +$34.0M (+10%); Resource Solutions +$6.6M (+8%).