Companies · CWST
Casella Waste Systems
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Latest analysis
Updated Oct 1, 2026
NCES landfill closure accelerated to Dec 31, 2026; Q4 amortization higher but immaterial.
Casella accelerated the closure of its North Country Environmental Services landfill in Bethlehem, New Hampshire from end-of-2027 to December 31, 2026, driven by revised assessment of permitted airspace and fill rates. The company expects elevated landfill amortization expense in Q4 2026 but characterizes the impact as immaterial to full-year 2026 results. This marks a material change to previously disclosed landfill life and signals tighter capacity constraints than previously communicated.
Tone: cautiousRevenue
$1.8B
CWST 10-K · FY 2025
Employees
5,600
Revenue FY2024
$1.6B
Headquarters
Rutland, VT
Profile
CWST 10-K Item 1 · Feb 20, 2026Casella Waste Systems is a regional, vertically integrated solid waste services company operating across eleven northeastern and mid-Atlantic states. It provides collection, disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers. The company organizes its operations through three geographic solid waste segments and a Resource Solutions segment focused on recycling, organics, and resource management.
Read filing description ↓ Collapse description ↑
Casella Waste Systems, Inc. is a regional, vertically integrated solid waste services company. We provide resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. We provide integrated solid waste services with operating locations in eleven states: Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine, Pennsylvania, Delaware, New Jersey, Maryland and West Virginia, with our headquarters located in Rutland, Vermont. We manage our solid waste operations on a geographic basis through three regional operating segments, the Eastern, Western and Mid-Atlantic regions, each of which provides a comprehensive range of non-hazardous solid waste services. We manage our resource renewal operations through the Resource Solutions operating segment, which leverages our core competencies in materials processing, industrial recycling, organics and resource management service offerings to deliver a comprehensive solution for our larger commercial, municipal, institutional and industrial customers that have more diverse waste and recycling needs. Legal, tax, information technology, human resources, certain finance and accounting and other administrative functions are included in our Corporate Entities segment. Our primary objective is to maximize long-term shareholder value through a combination of financial performance, acquisition and organic growth, and strategic asset positioning, while operating in a safe and environmentally sound manner. We closed on nine acquisitions in fiscal year 2025, which further densified our existing footprint, particularly in our Mid-Atlantic region.
Primary products
- Solid waste collection
- Disposal
- Transfer
- Recycling
- Organics services
- Landfill gas-to-energy
Business segments
End markets
Geographies
Named competitors
“Our operations are generally located within secondary or tertiary markets where we often have a strong market presence.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues increased from $1,557.3 million in fiscal year 2024 to $1,836.8 million in fiscal year 2025, driven primarily by growth in collection revenues and expansion of the Mid-Atlantic region through acquisitions.
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