Filing Flows › Casella Waste Systems (CWST) › Q3 2026
Casella Waste Systems (CWST) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Casella Waste Systems (CWST) reported revenue of $559M for the third quarter 2026 (Q3 2026), +15% from a year earlier and +3% from the quarter before. Operating margin was 2.8%, net loss $7.0M (1.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $559M | +3% | +15% |
| Operating profit | $15.6M | -22% | -47% |
| Net earnings | −$7.0M | -286% | -170% |
| Operating cash flow | $80.8M | -18% | -14% |
| Free cash flow | $2.6M | -90% | -91% |
What changed
Revenue was $559.2M in Q3 2026, up 15% year over year and up 3% from the previous quarter. Collection was the largest line at 65% of revenue. Collection added $47.6M year over year (up 15%), 64% of the total change. Transportation declined 2%.
Operating profit was $15.6M, a 2.8% margin (down 3.3 points year over year). Operating profit fell $13.7M even though revenue rose $73.9M versus Q3 2025, so costs grew faster than sales. Total costs grew 19% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+32%). The quarter ended with a net loss of $7.0M, after a profit of $3.8M the previous quarter. Net interest and other expense of $14.2M was the main reason.
Operating cash flow was $80.8M (down 14% year over year). Non-cash charges added back $88.1M of depreciation and amortization and $2.6M of share-based compensation. Capital expenditures of $78.2M left free cash flow of $2.6M.
Questions
What was Casella Waste Systems' revenue in the third quarter 2026?
Casella Waste Systems (CWST) reported revenue of $559M for the third quarter 2026 (Q3 2026), +15% from a year earlier and +3% from the quarter before.
Was Casella Waste Systems profitable in the third quarter 2026?
Operating profit was $15.6M (2.8% of revenue) and net loss $7.0M.