Filing Flows › Casella Waste Systems (CWST) › Q3 2026 › vs Q3 2025
Casella Waste Systems (CWST) Q3 2026 vs Q3 2025 (year over year)
Casella Waste Systems's revenue rose $73.9M (+15%) from $485M in Q3 2025 to $559M in Q3 2026. The biggest changes: Solid waste +$62.9M (+16%); Resource Solutions +$10.7M (+11%).
Casella Waste Systems, Q3 2026: revenue $559M (+15% year over year), operating margin 2.8%, net loss $7.0M, operating cash flow $80.8M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.5% | 5.7% | -5.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Collection | $362M | $314M | $47.6M | +15% |
| National Accounts | $52.5M | $45.0M | $7.5M | +17% |
| Transfer station | $51.6M | $40.7M | $10.9M | +27% |
| Processing | $51.4M | $48.2M | $3.2M | +7% |
| Landfill | $31.5M | $26.8M | $4.7M | +17% |
| Transportation | $5.9M | $6.0M | −$144K | -2% |
| Transportation | $5.9M | $6.0M | −$144K | -2% |
| Solid waste | $456M | $393M | $62.9M | +16% |
| Resource Solutions | $104M | $93.2M | $10.7M | +11% |
| Revenue | $559M | $485M | $73.9M | +15% |
| Net loss | $7.0M | −$10.0M | $17.0M | — |
| Costs & expenses | $566M | $485M | $80.9M | +17% |
| Operating costs | $544M | $456M | $87.6M | +19% |
| Interest & other, net | $14.2M | $13.5M | $684K | +5% |
| Income tax | $8.5M | $5.9M | $2.6M | +44% |
| Cost of revenue | $375M | $315M | $59.3M | +19% |
| General & admin | $58.9M | $57.3M | $1.6M | +3% |
| Other operating costs | $110M | $83.4M | $26.6M | +32% |
| Operating cash sources | $90.7M | $82.7M | $8.0M | +10% |
| Depreciation & amortization | $88.1M | $78.8M | $9.2M | +12% |
| Share-based compensation | $2.6M | $3.9M | −$1.2M | -32% |
| Net loss absorbed | $7.0M | −$10.0M | $17.0M | — |
| Working capital & other | $2.9M | −$882K | $3.7M | — |
| Operating cash flow | $80.8M | $93.6M | −$12.8M | -14% |
| Free cash flow (OCF − capex) | $2.6M | $27.6M | −$25.0M | -91% |
| Capital expenditures | $78.2M | $65.9M | $12.3M | +19% |
Questions
How much did Casella Waste Systems's revenue grow year over year in Q3 2026?
Casella Waste Systems's revenue rose $73.9M (+15%) from $485M in Q3 2025 to $559M in Q3 2026.
What drove Casella Waste Systems's revenue change in Q3 2026?
Solid waste +$62.9M (+16%); Resource Solutions +$10.7M (+11%).