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Casella Waste Systems vs Enviri: CWST and NVRI compared
Casella Waste Systems is the larger company: $544M of revenue in its latest quarter (Q2 2026) against $325M for Enviri (Q3 2026). Casella Waste Systems is growing faster (+17% against +0.1% a year earlier). Enviri is more profitable, with an operating margin of 7.2% against 3.7%.
Where the money goes: CWST and NVRI
Casella Waste Systems (CWST) · Q2 2026
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 follows the revenue to costs, profit and cash.
Enviri (NVRI) · Q3 2026
Enviri, Q3 2026: revenue $325M (+0.1% year over year), operating margin 7.2%, net earnings $2.5M, operating cash flow −$6.9M. The chart follows the revenue to costs, profit and cash.
| Casella Waste Systems (CWST) | Enviri (NVRI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $544M | $325M |
| Revenue growth, Y/Y | +17% | +0.1% |
| Operating margin | 3.7% | 7.2% |
| Net earnings | $3.8M | $2.5M |
| Net margin | 0.7% | 0.8% |
| Operating cash flow | $98.8M | −$6.9M |
| Free cash flow | $47.5M | — |
| Market value | $6.3B | — |
| Analysts’ mean target | $106.50 | — |
Where the revenue comes from
Casella Waste Systems
- Solid waste: $443M (81%)
- National Accounts: $48.7M (9%)
- Transfer station: $47.9M (9%)
- Processing: $2.6M (0%)
Enviri
- Products and Services Onsite Services and Material Logistics Product Quality Improvement and Resource Recovery: $249M (77%)
- After-market Parts and Services; Safety and Diagnostic Technology: $29.0M (9%)
- Ecoproducts: $17.5M (5%)
- Railway Contracting Services: $11.5M (4%)
Questions
Which is bigger, Casella Waste Systems or Enviri?
Casella Waste Systems is the larger company: $544M of revenue in its latest quarter (Q2 2026) against $325M for Enviri (Q3 2026).
Is Casella Waste Systems or Enviri growing faster?
Casella Waste Systems is growing faster (+17% against +0.1% a year earlier).
Which is more profitable, Casella Waste Systems or Enviri?
Enviri is more profitable, with an operating margin of 7.2% against 3.7%.
More: Casella Waste Systems earnings · how Casella Waste Systems makes money · Enviri earnings · how Enviri makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 7, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.