CWST vs OSK vs WCN Stock Comparison

Casella Waste Systems, Oshkosh and Waste Connections Prices as of Oct 28, 2026 Peers: Industry group
OSK Oshkosh Corp
$138.12 +3.9% 1M +0.4% 1Y
Market cap
$8.36B
P/E
15.0x
Revenue (TTM)
$10.61B
Div. yield
–
Heavy Equipment Industrials
6 wins
WCN Waste Connections, Inc.
$179.76 +15.1% 1M +3.2% 1Y
Market cap
$45.72B
P/E
37.2x
Revenue (TTM)
$9.94B
Div. yield
–
Solid Waste Industrials
4 wins

Head to Head

11 decided of 12

Oshkosh leads on 6 of the 12 questions below (Oshkosh 6, Waste Connections 4, Casella Waste Systems 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCWSTOSKWCNLeader
Larger companyMarket capitalisation $5.72B $8.36B $45.72B WCN
Cheaper on earningsLower P/E, profitable companies only 1,003x 15.0x 37.2x OSK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 68.6x 13.8x 33.3x OSK
Faster revenue growthRevenue growth, trailing twelve months +13.6% +2.2% +6.3% CWST
More profitableNet margin, trailing twelve months 0.3% 5.2% — OSK
Better return on capitalReturn on invested capital 1.5% 11.4% — OSK
Less leveragedLower net debt / EBITDA 3.4x 0.7x — OSK
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +0.7% +0.4% +3.2% WCN
Better 5-year returnAnnualised price return, 5 years +0.4%/yr +5.2%/yr +5.7%/yr WCN
Less volatileAnnualised volatility, 1 year 37.5% 40.5% 25.8% WCN
Higher overall scoreMean of the five percentile scores vs peers 49/100 72/100 46/100 OSK

Percentile Scorecard

CWSTOSKWCN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCWSTOSKWCN
Valuation 47 #9 of 16 95 #12 of 203 27 #12 of 16
Growth 54 #7 of 14 60 #75 of 188 69 #5 of 14
Profitability 62 #6 of 14 62 #71 of 184 69 #5 of 14
Financial Health 33 #11 of 16 53 #103 of 217 20 #13 of 16
Shareholder Returns – 90 #17 of 153 –
Overall 49 72 46
  • CWST ranked among 16 companies in Waste Management
  • OSK ranked among 222 companies in Machinery
  • WCN ranked among 16 companies in Waste Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCWSTOSKWCNSPY
1 month +8.5%+3.9%+15.1% +0.9%
3 months -2.2%-3.4%+4.0% +5.9%
6 months +13.3%-6.3%+9.8% +8.5%
Year to date -9.6%+9.9%+2.5% +13.3%
1 year +0.7%+0.4%+3.2% +12.4%
3 years +20.4%+60.0%+40.4% +88.1%
3 years, per year +6.4%+17.0%+12.0% +23.5%
5 years +2.1%+29.1%+32.2% +68.2%
5 years, per year +0.4%+5.2%+5.7% +11.0%
10 years +707.8%+160.0%+258.6% +263.4%
10 years, per year +23.2%+10.0%+13.6% +13.8%

Risk

MeasureCWSTOSKWCNSPY
Volatility, 1Y 37.5%40.5%25.8% 12.7%
Downside volatility, 1Y 34.9%40.6%23.5% 12.7%
Beta vs S&P 500, 1Y 0.091.41-0.19 1.00
Return / volatility, 1Y 0.020.010.13 0.98
Max drawdown, 5Y -37.7%-43.5%-25.5% -25.4%
From 52-week high -17.5%-22.4%-3.7% -0.9%
52-week high $107.34$177.94$186.62 $779.14
52-week low $74.97$118.59$149.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCWSTOSKWCN
P/E now vs peer median 987.3xmedian 31.3x 15.5xmedian 25.4x 37.2xmedian 31.3x
P/S now vs peer median 2.8xmedian 3.1x 0.8xmedian 1.9x 4.6xmedian 3.1x
EV/EBITDA now vs peer median 17.5xmedian 14.3x 8.9xmedian 14.3x —median 14.3x
P/FCF now vs peer median 52.5xmedian 16.9x 7.6xmedian 21.8x 31.8xmedian 16.9x
P/B now vs peer median 3.5xmedian 2.7x 1.9xmedian 2.2x 5.7xmedian 2.7x
PEG now vs peer median -19.39median 2.37 1.21median 1.41 —median 2.37

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCWSTOSKWCN
Revenue $1.96B $10.61B $9.94B
Gross profit $653.52M $1.69B –
Operating income $66.07M $797.60M $1.76B
Net income $5.70M $556.30M $1.13B
Free cash flow $105.67M $1.12B –
EPS (diluted) $0.09 $8.87 –
Cash & equivalents $25.54M $403.60M $95.69M
Total debt $1.36B $1.10B –
Shares (diluted) 63.69M 62.75M 253.86M
Enterprise value $4.84B $7.02B $45.72B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCWSTOSKWCN
P/E 987.3x 15.5x 37.2x
P/FCF 52.5x 7.6x 31.8x
P/Operating cash flow 15.8x 6.6x 17.9x
P/S 2.8x 0.8x 4.6x
P/B 3.5x 1.9x 5.7x
P/Tangible book 4.5x 2.2x 7.7x
EV/EBITDA 17.5x 8.9x –
EV/EBIT 104.2x 11.6x –
EV/Revenue 3.5x 0.9x 4.6x
EV/FCF 65.2x 8.2x –
EV/Operating cash flow 19.6x 7.1x 17.9x
PEG (3Y EPS CAGR) -19.39 1.21 –

Growth

14 metrics
MetricCWSTOSKWCN
Revenue growth (1Y) 13.6% 2.2% 6.3%
Revenue CAGR (3Y) 20.4% 5.8% 8.2%
Gross profit growth (1Y) 12.6% -10.2% –
Gross profit CAGR (3Y) 20.0% 7.4% –
Operating income growth (1Y) 1.1% -16.7% 61.8%
Operating income CAGR (3Y) -8.5% 8.2% 10.0%
Net income growth (1Y) -48.4% -14.5% 82.2%
Net income CAGR (3Y) -47.8% 11.1% 10.9%
EPS growth (1Y) -48.5% -11.7% –
EPS CAGR (3Y) -50.9% 12.8% –
Operating cash flow growth (1Y) 2.9% 60.6% 4.2%
Operating cash flow CAGR (3Y) 19.0% 57.0% 6.5%
Free cash flow growth (1Y) 16.1% 99.4% –
Free cash flow CAGR (3Y) 8.9% 49.8% –

Profitability

14 metrics
MetricCWSTOSKWCN
Gross margin 33.4% 15.9% –
EBITDA margin 20.1% 9.8% –
Operating margin 3.4% 7.5% –
Pretax margin 0.5% 6.5% –
Net margin 0.3% 5.2% –
FCF margin 5.4% 10.6% –
Operating cash flow margin 18.0% 12.3% 25.4%
Return on equity 0.4% 12.4% 14.3%
Return on assets 0.2% 5.6% 5.3%
Return on invested capital 1.5% 11.4% –
Return on capital employed 2.1% 11.5% –
Asset turnover 0.6x 1.1x 0.5x
Cash conversion (OCF / net income) 61.6x 2.3x 2.2x
Stock comp / revenue 0.7% 0.4% 0.8%

Financial Health

11 metrics
MetricCWSTOSKWCN
Debt / assets 38.3% 11.0% –
Debt / equity 0.9x 0.2x –
Net debt / EBITDA 3.4x 0.7x –
Debt / FCF 12.9x 1.0x –
Liabilities / assets 55.6% 55.0% 63.3%
Equity / assets 44.4% 45.0% 36.7%
Interest coverage 1.0x 6.6x –
Current ratio 1.0x 1.7x 0.7x
Quick ratio 0.8x 0.7x –
Cash ratio 0.1x 0.1x –
Altman Z-score 2.24 3.21 –

Shareholder Returns

7 metrics
MetricCWSTOSKWCN
Dividend yield – 1.6% 0.8%
Net buyback yield – 4.1% –
Shareholder yield – 5.7% 0.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCWSTOSKWCN
Forward P/E 68.6xFY2026 13.8xFY2026 33.3xFY2026
EPS, next fiscal year $1.29FY2026 $10.00FY2026 $5.40FY2026
EPS growth, next FY +1.6%FY2026 -7.3%FY2026 +5.9%FY2026
EPS growth, the year after +16.3% +46.4% +18.7%
Revenue, next fiscal year $2.05BFY2026 $10.70BFY2026 $10.30BFY2026
Revenue growth, next FY +11.6%FY2026 +2.6%FY2026 +10.0%FY2026
Revenue growth, the year after +7.1% +5.3% 0.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCWSTOSKWCN
Held by institutions 100.0% 100.0% 85.2%
Institutions holding 415 598 829
Change in shares held, QoQ +4.2% +5.1% +1.3%
Institutions buying 231 309 410
Institutions selling 127 188 303
Buyers to sellers 1.82 1.64 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CWSTOSKWCN
CWST 1.00 0.12 0.54
OSK 0.12 1.00 0.06
WCN 0.54 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CWST, OSK and WCN?

Waste Connections (WCN) is the largest by market capitalisation: Casella Waste Systems (CWST) $5.72B, Oshkosh (OSK) $8.36B, Waste Connections (WCN) $45.72B.

Which stock is cheaper, CWST, OSK and WCN?

Oshkosh (OSK) trades on the lowest price-to-earnings ratio (Casella Waste Systems (CWST) 1,003x, Oshkosh (OSK) 15.0x, Waste Connections (WCN) 37.2x). On next year's consensus earnings, Oshkosh (OSK) is cheapest (Casella Waste Systems (CWST) 68.6x, Oshkosh (OSK) 13.8x, Waste Connections (WCN) 33.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Casella Waste Systems (CWST) grew revenue fastest over the trailing twelve months: Casella Waste Systems (CWST) +13.6%, Oshkosh (OSK) +2.2%, Waste Connections (WCN) +6.3%.

Which company is more profitable?

Oshkosh (OSK) has the highest net margin (Casella Waste Systems (CWST) 0.3%, Oshkosh (OSK) 5.2%). On return on invested capital, Oshkosh (OSK) leads (Casella Waste Systems (CWST) 1.5%, Oshkosh (OSK) 11.4%).

Which stock has performed better?

Over the past year Waste Connections (WCN) returned the most: Casella Waste Systems (CWST) +0.7%, Oshkosh (OSK) +0.4%, Waste Connections (WCN) +3.2%. Over five years, Waste Connections (WCN) compounded fastest (Casella Waste Systems (CWST) +0.4%/yr, Oshkosh (OSK) +5.2%/yr, Waste Connections (WCN) +5.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Waste Connections (WCN) has been the steadiest (Casella Waste Systems (CWST) 37.5%, Oshkosh (OSK) 40.5%, Waste Connections (WCN) 25.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CWST, OSK and WCN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Oshkosh (OSK) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.