CWST Casella Waste Systems margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 27

Gross margin

32.9%

Operating margin

2.6%

EBITDA margin

19.5%

Net margin

-0.6%

Casella Waste Systems reports a gross margin of 32.9%, an operating margin of 2.6%, an EBITDA margin of 19.5%, and a net margin of -0.6%, while its net margin is negative at -0.6%. EBITDA margin headed the decline across the available margins, falling by 1.4 percentage points.

CWST margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Casella Waste Systems's margins averaged 33.85% gross, 4.3% operating, 20.48% EBITDA, and 0.73% net. Each of the four current margins is below its three-year average.

CWST margin expansion

Year-over-year margin changes in percentage points

Casella Waste Systems's gross margin contracted by 0.8 percentage points, operating margin by 1.3 percentage points, EBITDA margin by 1.4 percentage points, and net margin by 1.4 percentage points, led by EBITDA and net margins with a decline of 1.4 percentage points.

Gross margin expansion

-0.8pp

Operating margin expansion

-1.3pp

EBITDA margin expansion

-1.4pp

Net margin expansion

-1.4pp

CWST Gross margin

Over the last 3 years, the average gross margin for Casella Waste Systems was 33.85%. The latest gross margin for Casella Waste Systems is 32.9%, 1 percentage points below its three-year average. Casella Waste Systems's gross margin ranged from a low of 32.9% in Sep 2026 to a high of 34.3% in Jun 2024.

CWST Operating margin

Over the last 3 years, the average operating margin for Casella Waste Systems was 4.3%. As of the latest period, Casella Waste Systems's current operating margin is 2.6%, which is 1.7 percentage points below its three-year average. Casella Waste Systems's operating margin ranged from a low of 2.6% in Sep 2026 to a high of 6.4% in Dec 2023.

CWST EBITDA margin

Over the last 3 years, the average EBITDA margin for Casella Waste Systems was 20.48%. The latest EBITDA margin for Casella Waste Systems is 19.5%, 1 percentage points below its three-year average. Casella Waste Systems's EBITDA margin ranged from a low of 19.5% in Sep 2026 to a high of 21.3% in Jun 2024.

CWST Net margin

The average net margin for Casella Waste Systems was 0.73% over the last 3 years. Currently, the current net margin for Casella Waste Systems is -0.6%, 1.3 percentage points below its three-year average. The net margin for Casella Waste Systems moved between -0.6% in Sep 2026 and 2% in Dec 2023.

CWST margin group comparison

Margins compared with peer-group, industry and sector averages

Casella Waste Systems's gross margin of 32.9% is higher than the Industrials sector and the industry average. But when looking at the Industrials sector average of 32.5%, Casella Waste Systems's gross margin is only 1.2% higher.

CWST margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Casella Waste Systems's gross margin?

As of Sep 30, 2026, CWST has a gross margin of 32.9%.

What is Casella Waste Systems's operating margin?

The current operating margin for CWST is 2.6% as of Sep 30, 2026.

What is Casella Waste Systems's EBITDA margin?

The current EBITDA margin for CWST is 19.5% as of Sep 30, 2026.

What is Casella Waste Systems's net margin?

As of Sep 30, 2026, CWST has a negative net margin of -0.6%.

What are the average margins of CWST?

The three-year average margins for CWST were 33.9% gross, 4.3% operating, 20.5% EBITDA, and 0.7% net.

What are the highest historical margins of CWST?

Casella Waste Systems's highest recorded margins during the past 5 years were 34.5% gross in Dec 2021, 9% operating in Sep 2022, 21.3% EBITDA in Jun 2024, and 5.1% net in Sep 2022.

What are the lowest historical margins of CWST?

In the last 5 years, the lowest margins reported by CWST were 32.9% gross in Sep 2026, 2.6% operating in Sep 2026, 19.5% EBITDA in Jun 2023, and -0.6% net in Sep 2026.