Filing Flows › Comparisons › RSG vs CWST
Republic Services vs Casella Waste Systems: RSG and CWST compared
Republic Services is the larger company: $5.2B of revenue in its latest quarter (Q3 2026) against $544M for Casella Waste Systems (Q2 2026). Casella Waste Systems is growing faster (+17% against +8% a year earlier). Republic Services is more profitable, with an operating margin of 17.7% against 3.7%.
Where the money goes: RSG and CWST
Republic Services (RSG) · Q3 2026
Republic Services, Q3 2026: revenue $5.2B (+8% year over year), operating margin 17.7%, net earnings $593M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
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.
| Republic Services (RSG) | Casella Waste Systems (CWST) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $5.2B | $544M |
| Revenue growth, Y/Y | +8% | +17% |
| Operating margin | 17.7% | 3.7% |
| Net earnings | $593M | $3.8M |
| Net margin | 11.4% | 0.7% |
| Operating cash flow | $1.1B | $98.8M |
| Free cash flow | $644M | $47.5M |
| Market value | $76.4B | $6.3B |
| P/E | 34.5× | — |
| Analysts’ mean target | $256.00 | $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%)
Questions
Which is bigger, Republic Services or Casella Waste Systems?
Republic Services is the larger company: $5.2B of revenue in its latest quarter (Q3 2026) against $544M for Casella Waste Systems (Q2 2026).
Is Republic Services or Casella Waste Systems growing faster?
Casella Waste Systems is growing faster (+17% against +8% a year earlier).
Which is more profitable, Republic Services or Casella Waste Systems?
Republic Services is more profitable, with an operating margin of 17.7% against 3.7%.
More: Republic Services earnings · how Republic Services makes money · Casella Waste Systems earnings · how Casella Waste Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.