CWST vs WBI vs WM Stock Comparison

Casella Waste Systems, WaterBridge Infrastructure and Waste Management Prices as of Oct 29, 2026 Peers: Industry group
WM Waste Management Inc
$230.86 +11.5% 1M +16.9% 1Y
Market cap
$93.76B
P/E
30.5x
Revenue (TTM)
$26.07B
Div. yield
0.02%
Solid Waste Industrials
9 wins

Head to Head

11 decided of 12

Waste Management leads on 9 of the 12 questions below (Waste Management 9, WaterBridge Infrastructure 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCWSTWBIWMLeader
Larger companyMarket capitalisation $5.88B $1.50B $93.76B WM
Cheaper on earningsLower P/E, profitable companies only 1,030x 31.3x 30.5x WM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 70.0x 49.8x 26.7x WM
Faster revenue growthRevenue growth, trailing twelve months +13.6% +110.0% +5.2% WBI
More profitableNet margin, trailing twelve months 0.3% 6.2% 11.8% WM
Better return on capitalReturn on invested capital 1.5% 3.6% 11.4% WM
Less leveragedLower net debt / EBITDA 3.4x 4.3x 3.0x WM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months +7.3% +28.8% +16.9% WBI
Better 5-year returnAnnualised price return, 5 years +0.8%/yr — +7.6%/yr WM
Less volatileAnnualised volatility, 1 year 37.3% 45.2% 21.3% WM
Higher overall scoreMean of the five percentile scores vs peers 46/100 40/100 54/100 WM

Percentile Scorecard

CWSTWBIWM

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

AxisCWSTWBIWM
Valuation 40 #10 of 16 6 #33 of 35 47 #9 of 16
Growth 46 #8 of 14 100 #1 of 34 62 #6 of 14
Profitability 62 #6 of 14 23 #24 of 31 100 #1 of 14
Financial Health 36 #10 of 15 72 #10 of 33 7 #14 of 15
Shareholder Returns – 0 #31 of 31 –
Overall 46 40 54
  • CWST ranked among 16 companies in Waste Management
  • WBI ranked among 35 companies in Oil and Gas Midstream
  • WM ranked among 16 companies in Waste Management

Price Performance

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

Returns

PeriodCWSTWBIWMSPY
1 month +12.6%+6.9%+11.5% +0.7%
3 months +0.9%-7.6%+2.0% +3.7%
6 months +14.0%+0.7%-0.7% +7.1%
Year to date -7.8%+51.7%+5.1% +12.8%
1 year +7.3%+28.8%+16.9% +11.9%
3 years +20.8%—+41.8% +85.2%
3 years, per year +6.5%—+12.4% +22.8%
5 years +4.1%—+44.1% +67.6%
5 years, per year +0.8%—+7.6% +10.9%
10 years +724.0%—+260.8% +262.0%
10 years, per year +23.5%—+13.7% +13.7%

Risk

MeasureCWSTWBIWMSPY
Volatility, 1Y 37.3%45.2%21.3% 12.7%
Downside volatility, 1Y 34.5%47.3%20.3% 12.6%
Beta vs S&P 500, 1Y 0.080.32-0.43 1.00
Return / volatility, 1Y 0.200.640.79 0.94
Max drawdown, 5Y -37.7%-30.7%-18.7% -25.4%
From 52-week high -15.9%-16.2%-6.3% -1.2%
52-week high $107.34$36.22$246.51 $779.14
52-week low $74.97$18.76$196.77 $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.

MultipleCWSTWBIWM
P/E now vs peer median 1,007xmedian 30.9x 30.9xmedian 19.6x 30.0xmedian 30.9x
P/S now vs peer median 2.9xmedian 3.2x 4.8xmedian 2.8x 3.5xmedian 3.2x
EV/EBITDA now vs peer median 17.8xmedian 14.0x 14.4xmedian 11.1x 14.8xmedian 14.0x
P/FCF now vs peer median 53.5xmedian 17.3x -30.6xmedian 16.9x 24.5xmedian 17.3x
P/B now vs peer median 3.6xmedian 2.8x 2.1xmedian 2.4x 9.3xmedian 2.8x
PEG now vs peer median -19.78median 2.44 —median 1.68 2.86median 2.44

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 monthsCWSTWBIWM
Revenue $1.96B $777.97M $26.07B
Gross profit $653.52M $205.03M $10.53B
Operating income $66.07M $126.63M $4.80B
Net income $5.70M $53.91M $3.07B
Free cash flow $105.67M -$122.30M $3.74B
EPS (diluted) $0.09 $0.98 $7.68
Cash & equivalents $25.54M $47.62M $247.00M
Total debt $1.36B $1.62B $23.37B
Shares (diluted) 63.69M 48.76M 399.80M
Enterprise value $5.00B $1.34B $92.60B

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
MetricCWSTWBIWM
P/E 1,007x 30.9x 30.0x
P/FCF 53.5x -30.6x 24.5x
P/Operating cash flow 16.1x 14.4x 14.0x
P/S 2.9x 4.8x 3.5x
P/B 3.6x 2.1x 9.3x
P/Tangible book 4.6x 4.1x 14.5x
EV/EBITDA 17.8x 14.4x 14.8x
EV/EBIT 105.9x 42.0x 23.9x
EV/Revenue 3.6x 6.8x 4.4x
EV/FCF 66.2x -43.5x 30.7x
EV/Operating cash flow 19.9x 20.4x 17.5x
PEG (3Y EPS CAGR) -19.78 – 2.86

Growth

14 metrics
MetricCWSTWBIWM
Revenue growth (1Y) 13.6% 110.0% 5.2%
Revenue CAGR (3Y) 20.4% – 9.0%
Gross profit growth (1Y) 12.6% 85.4% -21.0%
Gross profit CAGR (3Y) 20.0% – 11.5%
Operating income growth (1Y) 1.1% 89.5% 17.9%
Operating income CAGR (3Y) -8.5% – 10.5%
Net income growth (1Y) -48.4% 325.5% 19.7%
Net income CAGR (3Y) -47.8% – 10.0%
EPS growth (1Y) -48.5% – 21.1%
EPS CAGR (3Y) -50.9% – 10.5%
Operating cash flow growth (1Y) 2.9% – 12.1%
Operating cash flow CAGR (3Y) 19.0% – 14.4%
Free cash flow growth (1Y) 16.1% – 55.7%
Free cash flow CAGR (3Y) 8.9% – 30.8%

Profitability

14 metrics
MetricCWSTWBIWM
Gross margin 33.4% 26.4% 40.4%
EBITDA margin 20.1% 47.3% 29.8%
Operating margin 3.4% 16.3% 18.4%
Pretax margin 0.5% 7.2% 14.9%
Net margin 0.3% 6.2% 11.8%
FCF margin 5.4% -15.7% 14.3%
Operating cash flow margin 18.0% 33.5% 25.2%
Return on equity 0.4% 2.9% 31.0%
Return on assets 0.2% 1.4% 6.6%
Return on invested capital 1.5% 3.6% 11.4%
Return on capital employed 2.1% 3.4% 12.0%
Asset turnover 0.6x 0.2x 0.6x
Cash conversion (OCF / net income) 61.6x 4.8x 2.1x
Stock comp / revenue 0.7% 2.3% 0.7%

Financial Health

11 metrics
MetricCWSTWBIWM
Debt / assets 38.3% 41.0% 50.2%
Debt / equity 0.9x 0.9x 2.4x
Net debt / EBITDA 3.4x 4.3x 3.0x
Debt / FCF 12.9x -13.2x 6.2x
Liabilities / assets 55.6% 53.6% 78.8%
Equity / assets 44.4% 46.4% 21.2%
Interest coverage 1.0x – –
Current ratio 1.0x 1.5x 0.8x
Quick ratio 0.8x 1.5x 0.7x
Cash ratio 0.1x 0.3x 0.0x
Altman Z-score 2.28 1.40 2.93

Shareholder Returns

7 metrics
MetricCWSTWBIWM
Dividend yield – 0.5% 1.6%
Net buyback yield – – 1.7%
Shareholder yield – 0.5% 3.3%
Payout ratio (earnings) – – 48.0%
Payout ratio (FCF) – – 39.4%
Dividend growth (1Y) – – 13.2%
Dividend CAGR (3Y) – – 9.6%

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.

ConsensusCWSTWBIWM
Forward P/E 70.0xFY2026 49.8xFY2026 26.7xFY2026
EPS, next fiscal year $1.29FY2026 $0.61FY2026 $8.65FY2026
EPS growth, next FY +1.6%FY2026 – +15.3%FY2026
EPS growth, the year after +16.3% +4.9% +9.5%
Revenue, next fiscal year $2.05BFY2026 $858.29MFY2026 $25.84BFY2026
Revenue growth, next FY +11.6%FY2026 +8.6%FY2026 +2.6%FY2026
Revenue growth, the year after +7.1% +19.5% +12.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCWSTWBIWM
Held by institutions 100.0% 100.0% 82.3%
Institutions holding 416 164 2,350
Change in shares held, QoQ +4.2% +29.4% +0.8%
Institutions buying 231 101 1,096
Institutions selling 127 41 901
Buyers to sellers 1.82 2.46 1.22

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.

CWSTWBIWM
CWST 1.00 0.01 0.57
WBI 0.01 1.00 0.02
WM 0.57 0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CWST, WBI and WM?

Waste Management (WM) is the largest by market capitalisation: Casella Waste Systems (CWST) $5.88B, WaterBridge Infrastructure (WBI) $1.50B, Waste Management (WM) $93.76B.

Which stock is cheaper, CWST, WBI and WM?

Waste Management (WM) trades on the lowest price-to-earnings ratio (Casella Waste Systems (CWST) 1,030x, WaterBridge Infrastructure (WBI) 31.3x, Waste Management (WM) 30.5x). On next year's consensus earnings, Waste Management (WM) is cheapest (Casella Waste Systems (CWST) 70.0x, WaterBridge Infrastructure (WBI) 49.8x, Waste Management (WM) 26.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

WaterBridge Infrastructure (WBI) grew revenue fastest over the trailing twelve months: Casella Waste Systems (CWST) +13.6%, WaterBridge Infrastructure (WBI) +110.0%, Waste Management (WM) +5.2%.

Which company is more profitable?

Waste Management (WM) has the highest net margin (Casella Waste Systems (CWST) 0.3%, WaterBridge Infrastructure (WBI) 6.2%, Waste Management (WM) 11.8%). On return on invested capital, Waste Management (WM) leads (Casella Waste Systems (CWST) 1.5%, WaterBridge Infrastructure (WBI) 3.6%, Waste Management (WM) 11.4%).

Which stock has performed better?

Over the past year WaterBridge Infrastructure (WBI) returned the most: Casella Waste Systems (CWST) +7.3%, WaterBridge Infrastructure (WBI) +28.8%, Waste Management (WM) +16.9%. Over five years, Waste Management (WM) compounded fastest (Casella Waste Systems (CWST) +0.8%/yr, Waste Management (WM) +7.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Casella Waste Systems (CWST) 0.00%, WaterBridge Infrastructure (WBI) 0.00%, Waste Management (WM) 0.02%. Casella Waste Systems (CWST) and WaterBridge Infrastructure (WBI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Waste Management (WM) has been the steadiest (Casella Waste Systems (CWST) 37.3%, WaterBridge Infrastructure (WBI) 45.2%, Waste Management (WM) 21.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CWST, WBI and WM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Waste Management (WM) leads on 9. 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.