Filing Flows › Casella Waste Systems (CWST) › Q2 2026 › vs Q2 2025
Casella Waste Systems (CWST) Q2 2026 vs Q2 2025 (year over year)
Casella Waste Systems's revenue rose $78.4M (+17%) from $465M in Q2 2025 to $544M in Q2 2026. The biggest changes: Solid waste +$62.9M (+17%); Transfer station +$8.5M (+22%); National Accounts +$7.1M (+17%). Operating margin 3.7% against 4.1% (-0.5 pts).
Casella Waste Systems, Q2 2026: revenue $544M (+17% year over year), operating margin 3.7%, net earnings $3.8M, operating cash flow $98.8M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.7% | 4.1% | -0.5 pts |
| Net margin | 0.7% | 1.1% | -0.4 pts |
| Free cash flow margin | 8.7% | 9.0% | -0.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Collection | $355M | $298M | $57.1M | +19% |
| Processing | $52.9M | $50.2M | $2.7M | +5% |
| Landfill | $29.3M | $26.1M | $3.2M | +12% |
| Transportation | $5.9M | $6.1M | −$210K | -3% |
| Solid waste | $443M | $380M | $62.9M | +17% |
| National Accounts | $48.7M | $41.6M | $7.1M | +17% |
| Transfer station | $47.9M | $39.4M | $8.5M | +22% |
| Processing | $2.6M | $2.6M | $62K | +2% |
| Landfill gas-to-energy | $1.4M | $1.6M | −$129K | -8% |
| Revenue | $544M | $465M | $78.4M | +17% |
| Operating profit | $20.0M | $19.3M | $692K | +4% |
| Costs & expenses | $524M | $446M | $77.7M | +17% |
| Pre-tax earnings | $3.4M | $6.9M | −$3.5M | -51% |
| Other expense, net | $16.6M | $12.4M | $4.2M | +34% |
| Cost of revenue | $365M | $308M | $56.9M | +18% |
| General & admin | $63.2M | $54.5M | $8.6M | +16% |
| Other operating costs | $95.7M | $83.5M | $12.2M | +15% |
| Income tax benefit | $405K | −$1.7M | $2.1M | — |
| Net earnings | $3.8M | $5.2M | −$1.4M | -28% |
| Depreciation & amortization | $88.5M | $77.0M | $11.5M | +15% |
| Share-based compensation | $4.0M | $2.9M | $1.2M | +40% |
| Working capital & other | $2.5M | $4.4M | −$2.0M | -44% |
| Operating cash flow | $98.8M | $89.5M | $9.2M | +10% |
| Adjusted Free Cash Flow (company-reported) | $47.5M | $41.8M | $5.7M | +14% |
| Capital expenditures, net | $51.3M | $47.8M | $3.6M | +7% |
Questions
How much did Casella Waste Systems's revenue grow year over year in Q2 2026?
Casella Waste Systems's revenue rose $78.4M (+17%) from $465M in Q2 2025 to $544M in Q2 2026.
What drove Casella Waste Systems's revenue change in Q2 2026?
Solid waste +$62.9M (+17%); Transfer station +$8.5M (+22%); National Accounts +$7.1M (+17%).