Casella Waste Systems (CWST) Operating Margin (2010 - 2026)
Casella Waste Systems' (CWST) quarterly Operating Margin came in at 3.67% in Q2 2026, down 47.0% on a YoY basis from 6.93% in Q2 2025, and up 245.85% quarter-over-quarter from 1.06% in Q1 2026.
Analysis
Casella Waste Systems (CWST) Operating Margin (2010 - 2026) Analysis & Trends
Casella Waste Systems (CWST) has reported Operating Margin for 17 consecutive years, with 3.67% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 47.0% year-over-year to 3.67%; the trailing twelve-month figure through Jun 2026 stood at 3.38% (down 509.0% YoY), and the FY2025 full-year result was 3.47%, down 121.0% from the prior year.
- Operating Margin rose to 3.67% in Q2 2026 per CWST's latest filing, from 1.06% in the prior quarter.
- Across five years, Operating Margin topped out at 23.15% in Q4 2024 and bottomed at 0.75% in Q1 2025.
- Historically, Operating Margin has averaged 6.37% across 5 years, with a median of 5.13% in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Margin jumped 1943 bps in 2024, then plunged 2061 bps in 2025.
- Over 5 years, Operating Margin stood at 6.33% in 2022, then plunged by 41 bps to 3.72% in 2023, then soared by 523 bps to 23.15% in 2024, then tumbled by 89 bps to 2.53% in 2025, then jumped by 45 bps to 3.67% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 3.67%, 1.06%, and 2.53% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 87.60 Bn | 87.04 Bn | 2.73 Bn | 18.75% |
| 2 | Republic Services | 68.20 Bn | 68.09 Bn | 1.87 Bn | 20.34% |
| 3 | Waste Connections | 41.58 Bn | 41.48 Bn | 1.08 Bn | 17.08% |
| 4 | GFL Environmental | 16.22 Bn | 16.21 Bn | 385.80 Mn | -11.00% |
| 5 | Casella Waste Systems | 5.86 Bn | 5.83 Bn | 178.80 Mn | 3.67% |
| 6 | Comstock | 237.73 Mn | 241.05 Mn | -896,073.00 | -9,872.81% |
| 7 | Quest Resource Holding | 29.11 Mn | 28.09 Mn | 10.43 Mn | -15.55% |
| 8 | ReTo Eco-Solutions | 765,104.78 | -5.97 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.67% |
| Mar 31, 2026 | 1.06% |
| Dec 31, 2025 | 2.53% |
| Sep 30, 2025 | 6.05% |
| Jun 30, 2025 | 4.14% |
| Mar 31, 2025 | 0.75% |
| Dec 31, 2024 | 23.15% |
| Sep 30, 2024 | 5.92% |
| Jun 30, 2024 | 6.10% |
| Mar 31, 2024 | 2.00% |
| Dec 31, 2023 | 3.72% |
| Sep 30, 2023 | 9.69% |
| Jun 30, 2023 | 7.81% |
| Mar 31, 2023 | 3.91% |
| Dec 31, 2022 | 6.33% |
| Sep 30, 2022 | 12.29% |
| Jun 30, 2022 | 11.18% |
| Mar 31, 2022 | 4.34% |
| Dec 31, 2021 | 6.75% |
| Sep 30, 2021 | 11.32% |