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Casella Waste Systems

Logo: R-solutions, CC BY-SA 4.0, via Wikimedia Commons5

American waste management company

Casella Waste Systems, Inc. is a waste management company based in Rutland, Vermont, United States. Founded in 1975 with a single truck, Casella is a regional, vertically integrated solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services.3 Its chief executive is John W. Casella (since 1993).1 Its shares trade on Nasdaq under the symbol CWST.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.8BRevenue, fiscal 20256
$7.9MNet income, fiscal 20256
1975Founded1

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  • TickerCWST on Nasdaq1
  • Industrywaste management1
  • HeadquartersRutland1
  • Websitewww.casella.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address25 Greens Hill Road, Rutland, Vt 057017
  • Filer categoryLarge accelerated filer7
  • LEI8EU0XUFVJ48U37IIDH514
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 23274964

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Casella Waste Systems, Inc. is a waste management company based in Rutland, Vermont, United States. Founded in 1975 with a single truck, Casella is a regional, vertically integrated solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The company provides integrated solid waste services in seven northeastern states: Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine and Pennsylvania, with its headquarters located in Rutland, Vermont. Casella manages solid waste operations on a geographic basis through two regional operating segments, the Eastern and Western regions, each of which provides a full range of solid waste services, and larger-scale recycling and commodity brokerage operations. Organics services, major account and industrial services, are also provided.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.5%Operating margin6
0.4%Net margin6
18.0%Revenue growth, 20256
0.5%Return on equity6
$84.7MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Collection brought in 65% of the revenue Casella Waste Systems broke down this way in fiscal 2025.

  1. Collection$1.2B665%up 24% from 2024
  2. National Accounts$226.3M612%up 13% from 2024
  3. Processing Services$143.8M68%up 2% from 2024
  4. Transfer$142.5M68%up 8% from 2024
  5. Landfill Revenue$97.7M65%up 3% from 2024
  6. Transportation$22.8M61%up 11% from 2024
  7. Landfill - Gas To Energy$7.6M60%down 4% from 2024
Products and services by year
Products and services202320242025
Collection$710.6M$961.8M$1.2B
National Accounts$186.8M$199.4M$226.3M
Processing Services$116.0M$141.4M$143.8M
Transfer$123.0M$131.4M$142.5M
Landfill Revenue$101.0M$94.7M$97.7M
Transportation$20.6M$20.6M$22.8M
Landfill - Gas To Energy$6.6M$8.0M$7.6M

Business segments

Western Region brought in 36% of the revenue Casella Waste Systems broke down this way in fiscal 2025.

  1. Western Region$663.2M636%up 18% from 2024
  2. Eastern Region$472.6M626%up 7% from 2024
  3. Resource Solutions Region$360.0M620%up 9% from 2024
  4. Mid-Atlantic Region$341.1M619%up 54% from 2024
Business segments by year
Business segments202320242025
Western Region$482.6M$561.5M$663.2M
Eastern Region$400.5M$443.8M$472.6M
Resource Solutions Region$292.8M$329.9M$360.0M
Mid-Atlantic Region$88.6M$222.1M$341.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue66¢$1.2B
  • Other costs33¢$607.2M
  • Income tax0¢$5.2M
  • Profit0¢$7.9M

Out of $1.8B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending74¢$245.1M
  • Kept or used elsewhere26¢$84.7M

Out of $329.8M of cash from operations.6

Financial statements

Revenue10111213146$1.8B in 2025+178% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $660.7M$660.7M20182019: $743.3M$743.3M2019+13%2020: $774.6M$774.6M2020+4%2021: $889.2M$889.2M2021+15%2022: $1.1B$1.1B2022+22%2023: $1.3B$1.3B2023+17%2024: $1.6B$1.6B2024+23%2025: $1.8B$1.8B2025+18%
Operating income10111213146$63.7M in 2025+60% since 2018
0$25.0M$50.0M$75.0M$100.0M2018: $39.7M$39.7M20182019: $53.1M$53.1M2019+34%2020: $59.3M$59.3M2020+12%2021: $77.7M$77.7M2021+31%2022: $95.4M$95.4M2022+23%2023: $80.4M$80.4M2023−16%2024: $72.8M$72.8M2024−10%2025: $63.7M$63.7M2025−12%
Net income10111213146$7.9M in 2025+23% since 2018
0$25.0M$50.0M$75.0M$100.0M2018: $6.4M$6.4M20182019: $31.7M$31.7M2019+393%2020: $91.1M$91.1M2020+188%2021: $41.1M$41.1M2021−55%2022: $53.1M$53.1M2022+29%2023: $25.4M$25.4M2023−52%2024: $13.5M$13.5M2024−47%2025: $7.9M$7.9M2025−42%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenues$1.8B$1.6B$1.3B
Cost of operations$1.2B$1.0B$832.0M
General and administration$224.2M$190.8M$155.8M
Depreciation and amortization$306.8M$234.9M$170.7M
Expense from acquisition activities$24.2M$24.9M$15.0M
Organics facility closure charge$1.3M$0$0
Southbridge Landfill closure charge$0$8.4M$467.0K
Landfill capping (recovery) charge - veneer failure$0-$1.7M$3.9M
Legal settlement$0$0$6.2M
Total operating expenses$1.8B$1.5B$1.2B
Operating income$63.7M$72.8M$80.4M
Interest income-$9.9M-$10.4M-$10.7M
Interest expense$62.5M$62.4M$47.6M
Debt modification expense$0$1.4M$0
Loss from termination of bridge financing$0$0$8.2M
Other income-$2.0M-$1.7M-$1.6M
Other expense, net$50.6M$51.7M$43.4M
Income before income taxes$13.1M$21.0M$37.0M
Provision for income taxes$5.2M$7.5M$11.6M
Net income$7.9M$13.5M$25.4M
Weighted average common shares outstanding, basic (in shares)63.5M shares59.6M shares55.2M shares
Basic earnings per common share (in dollars per share)$0.12$0.23$0.46
Weighted average common shares outstanding, diluted (in shares)63.6M shares59.7M shares55.3M shares
Diluted earnings per common share (in dollars per share)$0.12$0.23$0.46

Compare Casella Waste Systems with another company

Corporate structure

Casella Waste Systems sits at the top of its group. 69 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Casella Waste Systems

  • Casella Waste Systems Rutland, Vermont, United States
    • 171 Church Street, LLC Subsidiary · Vermont, United States
    • AGreen Energy, LLC Subsidiary · Massachusetts, United States
    • All Cycle Waste, Inc. Subsidiary · Vermont, United States
    • BGreen Energy, LLC Subsidiary · Massachusetts, United States
    • Blow Bros. Subsidiary · Maine, United States
    • Brattleboro Salvage Company, LLC. Subsidiary · Vermont, United States
    • Bristol Waste Management, Inc. Subsidiary · Vermont, United States
    • C.V. Landfill, Inc. Subsidiary · Vermont, United States
    • Casella Major Account Services LLC Subsidiary · Vermont, United States
    • Casella Mid-Atlantic, LLC. Subsidiary · Delaware, United States
    • Casella of Holyoke, Inc. Subsidiary · Massachusetts, United States
    • Casella Recycling, LLC Subsidiary · Maine, United States
    • Casella Transportation, Inc. Subsidiary · Vermont, United States
    • Casella Waste Management of Massachusetts, Inc. Subsidiary · Massachusetts, United States
    • Casella Waste Management of N.Y., Inc. Subsidiary · New York, United States
    • Casella Waste Management of Pennsylvania, Inc. Subsidiary · Pennsylvania, United States
    • Casella Waste Management, Inc. Subsidiary · Vermont, United States
    • Casella Waste Services of Ontario LLC Subsidiary · New York, United States
    • Casella WV North, LLC Subsidiary · West Virginia, United States
    • Casella WV South, LLC Subsidiary · West Virginia, United States
    • Chemung Landfill LLC Subsidiary · New York, United States
    • County Waste of Pennsylvania, LLC Subsidiary · Pennsylvania, United States
    • Evergreen National Indemnity Company Subsidiary · Ohio, United States
    • Forest Acquisitions, Inc. Subsidiary · New Hampshire, United States
    • Granite State Landfill, LLC Subsidiary · New Hampshire, United States
    • and 43 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Casella Waste Systems reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$65.9M6 Dec 31, 2025$104.7M6 Dec 31, 2024−37.0%
Operating-lease assets (leased space)$105.3M6 Dec 31, 2025$98.0M6 Dec 31, 2024+7.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$123.8M6 Dec 31, 2025$358.3M6 Dec 31, 2024−65.5%
Stakes in other companies (equity method)$06 Dec 31, 2025$06 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.1B6 Dec 31, 2025$1.0B6 Dec 31, 2024+11.8%
Finite-lived intangibles, gross$528.8M6 Dec 31, 2025$475.0M6 Dec 31, 2024+11.3%
Accumulated amortization$238.0M6 Dec 31, 2025$161.5M6 Dec 31, 2024+47.4%
Finite-lived intangibles, net$290.9M6 Dec 31, 2025$313.5M6 Dec 31, 2024−7.2%

Properties, in its own words

Our headquarters is located at 25 Greens Hill Lane, Rutland, Vermont 05701, where we currently lease approximately 12,000 square feet of office space.

Our principal property and equipment consists of land, landfills, finance lease right-of-use assets, buildings, machinery and equipment, rolling stock and containers. At January 31, 2026, we operated eight subtitle D landfills, four of which we own and four of which we lease; one landfill permitted to accept C&D materials that we own; 72 transfer stations, 40 of which we own, 12 of which we lease and 20 of which we operate under a contract; 86 solid waste collection facilities, 53 of which we own, 32 of which we lease and one of which we operate under a contract; 32 recycling processing facilities, 18 of which we own, 11 of which we lease and three of which we operate under a contract; two landfill gas-to-energy facilities that we own; and 44 corporate office and other administrative facilities, 20 of which we own and 24 of which we lease (See “Operational Overview” in Item 1. “Business” of this Annual Report on Form 10-K for property information by operating segment and location). We believe that our property and equipment are adequately maintained and sufficient for our current operations.

Item 2 of the 10-K filed Feb 20, 2026.20

Leadership

Who has led Casella Waste Systems, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John W. Casella1993–2026
  2. Edmond Coletta2026–now

President

  1. James W. Bohlig2006–2008
  2. Paul Larkin2008–2012
  3. Edwin D. Johnson2012–2022
  4. Edmond Coletta2022–now

Chief financial officer

  1. Richard A. Norris2006–2007
  2. Edwin D. Johnson2010–2012
  3. Edmond Coletta2012–2023
  4. Bradford J. Helgeson2023–now

Chief operating officer

  1. James W. Bohlig2006–2008
  2. Paul Larkin2008–2012
  3. Edwin D. Johnson2012–2022
  4. Sean Steves2022–2026
  5. Damian Andrew Ribar2026–now
19801990200020102020
Board members and other officers (40)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 171 Church Street, LLC Vermont8
  • AGreen Energy, LLC Massachusetts8
  • All Cycle Waste, Inc. Vermont8
  • BGreen Energy, LLC Massachusetts8
  • Blow Bros. Maine8
  • Brattleboro Salvage Company, LLC. Vermont8
  • Bristol Waste Management, Inc. Vermont8
  • C.V. Landfill, Inc. Vermont8
  • Casella Major Account Services LLC Vermont8
  • Casella Mid-Atlantic, LLC. Delaware8
  • Casella Recycling, LLC Maine8
  • Casella Transportation, Inc. Vermont8
  • Casella WV North, LLC West Virginia8
  • Casella WV South, LLC West Virginia8
  • Casella Waste Management of Massachusetts, Inc. Massachusetts8
  • Casella Waste Management of N.Y., Inc. New York8
  • Casella Waste Management of Pennsylvania, Inc. Pennsylvania8
  • Casella Waste Management, Inc. Vermont8
  • Casella Waste Services of Ontario LLC New York8
  • Casella of Holyoke, Inc. Massachusetts8
  • Chemung Landfill LLC New York8
  • County Waste of Pennsylvania, LLC Pennsylvania8
  • Evergreen National Indemnity Company Ohio8
  • Forest Acquisitions, Inc. New Hampshire8
All 68 listed subsidiaries
  • Granite State Landfill, LLC New Hampshire8
  • GreenerU, Inc. Delaware8
  • GroundCo LLC New York8
  • Hakes C & D Disposal, Inc. New York8
  • Hardwick Landfill, Inc. Massachusetts8
  • Hiram Hollow Regeneration Corp. New York8
  • Hopewell Industry Properties, LLC New York8
  • KTI Environmental Group, Inc. New Jersey8
  • KTI Specialty Waste Services, Inc. Maine8
  • KTI, Inc. New Jersey8
  • Kejem Properties, LLC New York8
  • NEWS of Worcester LLC Massachusetts8
  • NEWSME Landfill Operations LLC Maine8
  • New England Waste Services of ME, Inc. Maine8
  • New England Waste Services of N.Y., Inc. New York8
  • New England Waste Services of Vermont, Inc. Vermont8
  • New England Waste Services, Inc. Vermont8
  • Newbury Waste Management, Inc. Vermont8
  • North Country Environmental Services, Inc. Virginia8
  • North Rd, LLC Vermont8
  • Northern Properties Corporation of Plattsburgh New York8
  • Oxford Transfer Station, LLC Delaware8
  • Panichi Holding Corp. New York8
  • Pine Tree Waste, Inc. Maine8
  • Pink Trash Company, LLC Delaware8
  • Portland C&D Site, Inc. New York8
  • Schultz Landfill, Inc. New York8
  • Southbridge Recycling & Disposal Park, Inc. Massachusetts8
  • Southern Tier Recyclers, LLC New York8
  • Sunderland Waste Management, Inc. Vermont8
  • TAM Organics, LLC Vermont8
  • TAM Recycling, LLC Vermont8
  • TAM, Inc. Vermont8
  • Taylor Garbage Service, LLC New York8
  • The Hyland Facility Associates New York8
  • Tompkins County Recycling LLC Delaware8
  • Valley 82 Holding Corp. New York8
  • Waste Industries of Delaware, LLC Delaware8
  • Waste Industries of Maryland, LLC Delaware8
  • Waste Industries of Pennsylvania, LLC Delaware8
  • Waste-Stream Inc. New York8
  • Watch Hill Holding Corp. New York8
  • Whitetail Disposal, LLC Pennsylvania8
  • Willimantic Waste Paper Co., Inc. Connecticut8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 1, 20268-K Regulation FD disclosure71
  2. Aug 6, 20268-K Results of operations72
  3. Jul 20, 20268-K Executive or director change73
  4. Jul 1, 20268-K Executive or director change74
  5. Jun 8, 20268-K Shareholder vote75
  6. Jun 1, 20268-K Other events76
  7. May 27, 20268-K Other events77
  8. May 11, 20268-K Other events78
  9. Apr 30, 20268-K Results of operations79
  10. Apr 22, 20268-K Entered a material agreement; New debt or obligation80
  11. Mar 16, 2026New chief executive Edmond Coletta becomes CEO21
  12. Mar 10, 20268-K Executive or director change81
  13. Feb 19, 20268-K Results of operations82
  14. Oct 29, 1997Went public Listed on NASDAQ1
  15. 1993New chief executive John W. Casella becomes CEO1
  16. 1975Founded Founded1

Calendar

Coming up

  1. Nov 9, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.42 a share, on Oct 30, 2025.83

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results72
  2. Apr 30, 2026Reported quarterly or annual results79
  3. Feb 19, 2026Reported quarterly or annual results82
  4. Oct 30, 2025Reported quarterly or annual results84
  5. Jul 31, 2025Reported quarterly or annual results85
  6. May 1, 2025Reported quarterly or annual results86
  7. Feb 12, 2025Reported quarterly or annual results87
  8. Oct 30, 2024Reported quarterly or annual results88

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

401 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 73 major events, 191 insider forms, 25 large holders, 92 other. The latest 20:

  1. Oct 9, 2026SCHEDULE 13G/A EDGAR
  2. Oct 1, 20268-K EDGAR
  3. Sep 3, 2026144 EDGAR
  4. Sep 3, 20264 EDGAR
  5. Aug 26, 2026144 EDGAR
  6. Aug 26, 20264 EDGAR
  7. Aug 14, 2026144 EDGAR
  8. Aug 14, 20264 EDGAR
  9. Aug 13, 2026144 EDGAR
  10. Aug 13, 2026144 EDGAR
  11. Aug 12, 20264 EDGAR
  12. Aug 7, 202610-Q EDGAR
  13. Aug 6, 20268-K EDGAR
  14. Jul 21, 20263 EDGAR
  15. Jul 20, 20268-K/A EDGAR
  16. Jul 9, 2026SCHEDULE 13G EDGAR
  17. Jul 1, 20268-K EDGAR
  18. Jun 10, 20264 EDGAR
  19. Jun 8, 20268-K EDGAR
  20. Jun 5, 20264 EDGAR

The 401 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

143 open-market trades by officers, directors and large owners since October 2021: 0 buys and 143 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 3, 2026BURKE MICHAEL KDirectorSale1,100$95.26$104.8KForm 4
Aug 26, 2026BURKE MICHAEL KDirectorSale1,100$92.99$102.3KForm 4
Aug 14, 2026CASELLA DOUGLAS RVICE CHAIRMAN, BD OF DIRECTORSSale1,343$91.12$122.4KForm 4
Aug 13, 2026CASELLA DOUGLAS RVICE CHAIRMAN, BD OF DIRECTORSSale15,157$91.05$1.4MForm 4
May 26, 2026BURKE MICHAEL KDirectorSale2,305$87.56$201.8KForm 4
May 19, 2026Coletta EdmondPRESIDENT & CEOSale12,500$89.56$1.1MForm 4
Mar 16, 2026Steves SeanSr VP & COO of SW OpsSale197$87.80$17.3KForm 4
Mar 16, 2026Drohan KevinVP & CHIEF ACCOUNTING OFFICERSale85$87.73$7.5KForm 4
Mar 16, 2026Sayward Shelley E.SENIOR VP & GENERAL COUNSELSale362$87.73$31.8KForm 4
Mar 16, 2026Helgeson Bradford JohnExecutive VP and CFOSale405$87.73$35.5KForm 4
Mar 16, 2026Coletta EdmondPRESIDENT & CEOSale988$87.81$86.8KForm 4
Mar 16, 2026CASELLA JOHN WDirectorSale1,744$87.77$153.1KForm 4
Mar 12, 2026Steves SeanSr VP & COO of SW OpsSale97$89.71$8.7KForm 4
Mar 12, 2026Drohan KevinVP & CHIEF ACCOUNTING OFFICERSale55$89.52$4.9KForm 4
Mar 12, 2026Sayward Shelley E.SENIOR VP & GENERAL COUNSELSale129$89.71$11.6KForm 4
Mar 12, 2026Coletta EdmondPRESIDENT & CEOSale377$89.80$33.9KForm 4
Mar 12, 2026CASELLA JOHN WDirectorSale963$90.06$86.7KForm 4
Feb 27, 2026Steves SeanSr VP & COO of SW OpsSale1,199$92.89$111.4KForm 4
Feb 27, 2026Drohan KevinVP & CHIEF ACCOUNTING OFFICERSale675$92.61$62.5KForm 4
Feb 27, 2026Sayward Shelley E.SENIOR VP & GENERAL COUNSELSale1,591$92.91$147.8KForm 4

All 143 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John W. Casella$790.5K$4.4M98
2025Edmond R. Coletta50$615.1K$2.8M98
2025Bradford J. Helgeson$500.0K$1.8M98
2025Shelley E. Sayward$390.8K$1.1M98
2025Sean M. Steves$347.6K$1.0M98
2024Executive Chairman of the Board and Former Chief Executive Officer$763.7K$4.2M98
2024President and Chief Executive Officer$515.1K$2.2M98
2024Executive VicePresident and Chief Financial Officer$450.0K$1.7M98
2024Senior VicePresident and General Counsel$365.2K$1.2M98
2024Former Senior VicePresident and Chief Operating Officer of Solid Waste Operations$335.9K$994.9K98
2023Executive Chairman of the Board and Former Chief Executive Officer$739.7K$3.5M98
2023President and Chief Executive Officer$483.1K$1.6M98
2023Senior VicePresident and General Counsel$331.2K$895.1K98
2023Executive VicePresident and Chief Financial Officer$69.9K$780.4K98
2023Former Senior VicePresident and Chief Operating Officer of Solid Waste Operations$320.9K$778.2K98

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,390,112$910.6M0.0%+342,840
Wasatch Advisors LP3,531,594$342.5M2.2%+949,374
Vanguard Portfolio Management LLC3,448,748$334.4M0.0%+95,507
Vanguard Capital Management LLC2,823,033$273.7M0.0%+24,106
State Street Corp2,520,170$244.4M0.0%+130,973
Conestoga Capital Advisors, LLC2,336,156$226.5M4.9%−468,319
Capital International Investors2,054,399$199.2M0.0%+101,579
Capital Research Global Investors2,028,646$196.7M0.0%−301,519
Geode Capital Management, LLC1,647,147$159.8M0.0%+93,984
Jpmorgan Chase & Co1,544,116$145.9M0.0%+185,242
Invesco Ltd.1,459,009$141.5M0.0%−194,429
Neuberger Berman Group LLC1,434,463$139.1M0.1%+480,686
Earnest Partners LLC1,399,698$135.7M0.5%+266,621
Wellington Management Group Llp1,292,101$125.3M0.0%+80,299
Clearbridge Investments, LLC1,219,835$118.3M0.1%+78,106
Morgan Stanley1,213,469$117.7M0.0%+18,175
Dimensional Fund Advisors LP1,184,196$114.8M0.0%+117,064
Silvercrest Asset Management Group LLC1,181,941$114.6M0.8%−70,101
Pictet Asset Management Holding SA1,052,330$102.0M0.1%+127,955
Bamco Inc /ny/965,239$93.6M0.1%+246,778
Geneva Capital Management LLC911,153$88.4M2.0%−251,934
American Century Companies Inc862,452$83.6M0.0%+805,858
Goldman Sachs Group Inc826,971$80.2M0.0%−223,799
Westfield Capital Management Co LP812,525$78.8M0.3%−9,967
Bank Of America Corp /de/808,261$78.4M0.0%+369,355

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 12, 2025Jefferson ShreveRepublican, HouseSale$50,001 - $100,000+54.7%Report
Dec 10, 2019Susie LeeDemocratic, HouseSale$1,001 - $15,000+59.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Casella Waste Systems is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCASELLA WASTE SYSTEMS INC2
  • CIK0000911177
  • Employer ID (EIN)03-033887320
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company20
  • Incorporated inDelaware20
  • Fiscal year endsDecember 312
  • Industry code (SIC)4953 Refuse Systems2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address25 Greens Hill Road, Rutland, VT 057012
  • Phone80277503252
  • Shares outstanding62,526,567 Common Class A shares; 988,200 Common Class B shares as of Jan 31, 202620
  • Public float$7.2B as of Jun 30, 202520
  • AuditorRSM US LLP, Boston, Massachusetts PCAOB ID 49; it also attests to the company’s internal control over financial reporting20
  • On EDGAR sinceAug 7, 19972
  • Filings1,907 in all: 4 (868), 8-K (315), SC 13G/A (117), 10-Q (87), 144 (62), DEFA14A (50), SC 13G (50), 3 (30)2
    All 60 form types

    10-K (27), DEF 14A (27), UPLOAD (26), CORRESP (21), 4/A (19), DFAN14A (17), S-8 (17), 424B5 (12), 424B3 (10), 8-K/A (10), ARS (10), S-3 (9), SC 13D/A (9), 5 (8), S-3/A (8), S-4/A (8), S-8 POS (8), 10-K/A (7), EFFECT (6), SCHEDULE 13G/A (6), S-4 (5), PRE 14A (4), SC TO-I/A (4), SCHEDULE 13G (4), 10-Q/A (3), 3/A (3), S-1 (3), S-1/A (3), S-3ASR (3), 424B2 (2), CT ORDER (2), DEFC14A (2), DEFR14A (2), PREC14A (2), PRRN14A (2), SC 13D (2), SC TO-I (2), 10-K405 (1), 10-KT (1), 10-KT/A (1), 144/A (1), 424B1 (1), 424B4 (1), 8-A12G (1), D (1), FWP (1), NT 10-K (1), NT 10-Q (1), POS AM (1), PRER14A (1), REGDEX (1), RW (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 17, 2026
    Latest 8-K (8-K) Oct 1, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, $0.01 par value per shareCWSTThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).20

Risk factors and legal proceedings

The risks Casella Waste Systems names in Item 1A of its 10-K filed Feb 20, 2026: 25 risks under these headings, as written.20

  • We have in place an Enterprise Risk Management process that involves systematic risk identification and mitigation covering the categories of strategic, financial, operational, and compliance risk. The goal of enterprise risk management is not to eliminate all risk, but rather to identify and assess risks; assign, mitigate and monitor risks; and report the status of our risks to the Board of Directors and its committees on a quarterly and annual basis.
  • Risks Related to Our Business and Industry
  • We are subject to general macroeconomic risks in the waste industry that are impacted by economic factors outside of our control, which, if realized, may adversely affect our business, operating results and financial performance.
  • If we are unable to attract, hire or retain key team members and a high-quality workforce, or if our succession planning does not develop an adequate pipeline of future leaders, it could disrupt our business, jeopardize our strategic priorities and result in increased costs, negatively impacting our results of operations.
  • Significant shortages in diesel fuel supply or increases in diesel fuel prices could affect our operating expenses and results.
  • We face substantial competition in the solid waste services industry, and if we cannot successfully compete in the marketplace, our business, financial condition and results of operations may be materially adversely affected.
  • Our growth strategy focuses on complementing or expanding our business through the acquisition of companies or assets, or the development of new operations. However, we may be unable to successfully identify, evaluate and complete these transactions and, if completed, we may be unable to successfully integrate and realize the anticipated benefits of acquired businesses. Such acquired businesses may also pose significant risks and could have a negative effect on our operations.
  • The waste industry is subject to extensive government regulations, including environmental laws and regulations, and we incur substantial costs to comply with such laws and regulations. Failure to comply with environmental or other laws and regulations, as well as enforcement actions and litigation arising from an actual or perceived breach of such laws and regulations, could subject us to fines, penalties, and judgments, and impose limits on our ability to operate and expand.
  • The increasing focus on PFAS and other emerging contaminants may lead to increased compliance and remediation costs and litigation risks, which could adversely impact our financial condition and results of operations.
  • We may be unable to obtain or maintain required permits or to expand existing permitted capacity of our landfills, which could decrease our revenue and increase our costs.
  • Fluctuations in commodity prices and diminished markets for recyclable materials that we sell to customers may adversely affect our results of operations and cash flows.
  • Our business is geographically concentrated and is therefore subject to regional economic downturns.
The other 14 risks
  • Our results of operations and financial condition may be negatively affected if we inadequately accrue for final capping, closure and post-closure costs or by the timing of these costs for our waste disposal facilities.
  • The business and assets we operate expose us to safety, operational and other risks, and our insurance coverage and self-insurance reserves may be inadequate to cover all significant risk exposures.
  • We could be precluded from entering into contracts or obtaining or maintaining permits or certain contracts if we are unable to obtain third-party financial assurance to secure our contractual obligations.
  • We may be required to write-off or impair capitalized costs or intangible assets in the future or we may incur restructuring costs or other charges, each of which could harm our earnings.
  • Our revenues and our operating income experience seasonal fluctuations, which could adversely affect our operational results in certain quarters and cause our results to fluctuate.
  • Adverse weather conditions, including those brought about by climate change, may limit our operations and increase the costs of collection and disposal.
  • Efforts by labor unions to organize our employees could divert management attention and increase our operating expenses.
  • Our enterprise risk management process may not be effective in mitigating the risks to which we are subject, or in reducing the potential for losses in connection with such risks.
  • We may be adversely affected by market responses to our sustainability practices and may not be effective in mitigating the risks associated with sustainability expectations and related emerging regulations, or in reducing the potential for losses in connection with such risks.
  • Alternatives to landfill disposal could reduce our disposal volumes and adversely affect our revenues and operating results.
  • Risks Related to Technology and Information Security
  • We are upgrading our technology infrastructure and there can be no assurance that our efforts will be completed on the projected timetable or that our investment will result in the expected gains.
  • Significant disruptions in our information technology systems or cybersecurity incidents could negatively impact our business and our relationships with customers, adversely affecting our financial results and exposing us to litigation risk.
  • Inability to effectively adopt and manage artificial intelligence technologies could adversely affect our business, results of operations, and competitive position.
  • Risks Related to Our Indebtedness
  • We have substantial debt and have the ability to incur additional debt. The principal and interest payment obligations of such debt may restrict our future operations.

Legal proceedings

The information required by this Item is provided in Note 13, Commitments and Contingencies to our consolidated financial statements included in Part II, Item 8. “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.

Legal Proceedings over Certain Environmental Matters Involving Governmental Authorities with Possible Sanctions of $1.0 million or More

Item 103 of the Securities and Exchange Commission's Regulation S-K requires disclosure of certain environmental matters when a governmental authority is a party to the proceedings and the proceedings involve potential monetary sanctions unless we reasonably believe the monetary sanctions will not equal or exceed a specified threshold which we determine is reasonably designed to result in disclosure of any such proceeding that is material to our business or financial condition. Pursuant to Item 103, we have determined such disclosure threshold to be $1.0 million.

The opening of Item 3, Legal Proceedings.20

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