Casella Waste Systems, Inc.

CWSTNASDAQIndustrials● Active

$85.69

$-0.21(-0.25%)

Market Cap$5.4B

P/E Ratio—

52W High$118.91

52W Low$74.05

Avg Volume826K

Open$85.63

Beta0.78

Free Cash Flow Financials Revenue

Casella Waste Systems, Inc. (CWST) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CWST · free cash flow · updated Jun 8, 2026

Core FCF metrics

CWST · FCF · TTM · margin & CAGR

Free cash flow was $84.7M for FY2025 (fiscal year ending 2025-12-31), up 8.4% year-over-year The FCF margin was 4.6%. Five-year CAGR stands at +21.6%.

FY2025 Free Cash Flow$84.7M▲ +8.4% YoY

Trailing 12M (TTM)$102.3Mtrailing 4 quarters sum

FCF Margin4.6%$84.7M ÷ revenue

3-Year CAGR-0.6%FY2022 → FY2025

5-Year CAGR+21.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CWST · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$329.8M(245M)$84.7M▲ +8.4%4.6%

FY2024$281.4M(203M)$78.1M▼ 0.1%5.0%

FY2023$233.1M(155M)$78.2M▼ 9.5%6.2%

FY2022$217.3M(131M)$86.4M▲ +45.3%8.0%

FY2021$182.7M(123M)$59.4M▲ +86.8%6.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CWST · P/FCF · FCF yield · FCF per share

Casella Waste Systems, Inc. (CWST) trades at a FCF yield of 1.90% and a price-to-free-cash-flow ratio of 53.2x. FCF per share stands at $1.61, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.90%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.61

TTM FCF ÷ Shares Outstanding

Price / FCF

x53.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x63.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CWST · cash flow statement · operating / investing / financing

For FY2025, Casella Waste Systems, Inc. generated $329.8M in operating cash flow and spent 245M in capital expenditures, yielding $84.7M in free cash flow.

Operating Activities

+$329.8M

Cash from core business operations

2025-12-31

Investing Activities

−$469.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$27.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($329.8M) − |CapEx| (245M) = FCF ($84.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

CWST vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Casella Waste Systems, Inc.YOU

CWST

$84.7M+8.4%4.6%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Casella Waste Systems, Inc. (CWST) reported free cash flow of $84.7M for FY2025 (fiscal year ending 2025-12-31), up 8.4% year-over-year. The FCF margin was 4.6%.

Based on available data, Casella Waste Systems, Inc. has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $86.4M in FY2022. The 5-year CAGR stands at +21.6%.

Casella Waste Systems, Inc.'s FCF yield is 1.90% and price-to-FCF ratio is 53.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CWST free cash flow · 8 questions

Casella Waste Systems, Inc. free cash flow was $84.7M for FY2025, up 8.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $102.3M.

CWST free cash flowCWST FCFCWST FCF 2025CWST free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Casella Waste Systems, Inc. · Casella Waste Systems, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026