Casella Waste Systems Inc (CWST) - Net Assets
Based on the latest financial reports, Casella Waste Systems Inc (CWST) has net assets worth $1.57 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.27 Billion) and total liabilities ($1.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Casella Waste Systems Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.57 Billion |
| % of Total Assets | 47.95% |
| Annual Growth Rate | 14.43% |
| 5-Year Change | 271.33% |
| 10-Year Change | N/A |
| Growth Volatility | 100.93 |
Casella Waste Systems Inc - Net Assets Trend (1996–2025)
This chart illustrates how Casella Waste Systems Inc's net assets have evolved over time, based on quarterly financial data. See Casella Waste Systems Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Casella Waste Systems Inc (1996–2025)
The table below shows the annual net assets of Casella Waste Systems Inc from 1996 to 2025. For live valuation and market cap data, see CWST market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.57 Billion | +1.15% |
| 2024-12-31 | $1.55 Billion | +51.78% |
| 2023-12-31 | $1.02 Billion | +105.22% |
| 2022-12-31 | $497.90 Million | +17.86% |
| 2021-12-31 | $422.46 Million | +16.66% |
| 2020-12-31 | $362.14 Million | +195.02% |
| 2019-12-31 | $122.75 Million | +875.35% |
| 2018-12-31 | $-15.83 Million | +58.18% |
| 2017-12-31 | $-37.86 Million | -54.22% |
| 2016-12-31 | $-24.55 Million | -13.67% |
| 2015-12-31 | $-21.60 Million | -76.26% |
| 2014-12-31 | $-12.25 Million | -1.94% |
| 2013-12-31 | $-12.02 Million | -177.79% |
| 2012-12-31 | $15.45 Million | 0.00% |
| 2011-12-31 | $15.45 Million | -15.25% |
| 2010-12-31 | $18.23 Million | -80.60% |
| 2009-12-31 | $93.99 Million | +86.87% |
| 2008-12-31 | $50.30 Million | -59.66% |
| 2007-12-31 | $124.68 Million | 0.00% |
| 2006-12-31 | $124.68 Million | -3.72% |
| 2005-12-31 | $129.50 Million | -41.12% |
| 2004-12-31 | $219.92 Million | +6.37% |
| 2003-12-31 | $206.75 Million | +16.60% |
| 2002-12-31 | $177.32 Million | -31.80% |
| 2001-12-31 | $259.98 Million | -24.31% |
| 2000-12-31 | $343.50 Million | +27.55% |
| 1999-12-31 | $269.30 Million | +79.06% |
| 1998-12-31 | $150.40 Million | +2.31% |
| 1997-12-31 | $147.00 Million | +366.67% |
| 1996-12-31 | $31.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Casella Waste Systems Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 11491400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $635.00K | 0.04% |
| Other Comprehensive Income | $-3.96 Million | -0.25% |
| Other Components | $1.70 Billion | 108.19% |
| Total Equity | $1.57 Billion | 100.00% |
Casella Waste Systems Inc Competitors by Market Cap
The table below lists competitors of Casella Waste Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Axcelis Technologies Inc
NASDAQ:ACLS
|
$5.39 Billion |
|
Novanta Inc
NASDAQ:NOVT
|
$5.39 Billion |
|
Installed Building Products Inc
NYSE:IBP
|
$5.39 Billion |
|
Gecina SA
PA:GFC
|
$5.40 Billion |
|
Jl Mag Rare-Earth Co Ltd Class A
SHE:300748
|
$5.39 Billion |
|
Hindustan Copper Limited
NSE:HINDCOPPER
|
$5.39 Billion |
|
Open Text Corp
TO:OTEX
|
$5.39 Billion |
|
AMMB Holdings Bhd
KLSE:1015
|
$5.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Casella Waste Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,550,839,000 to 1,568,709,000, a change of 17,870,000 (1.2%).
- Net income of 7,871,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 7,267,000.
- Other factors increased equity by 17,266,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.87 Million | +0.5% |
| Other Comprehensive Income | $-7.27 Million | -0.46% |
| Other Changes | $17.27 Million | +1.1% |
| Total Change | $- | 1.15% |
Book Value vs Market Value Analysis
This analysis compares Casella Waste Systems Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.04x to 3.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $4.30 | $86.10 | x |
| 1997-12-31 | $15.40 | $86.10 | x |
| 1998-12-31 | $9.62 | $86.10 | x |
| 1999-12-31 | $16.81 | $86.10 | x |
| 2000-12-31 | $16.82 | $86.10 | x |
| 2001-12-31 | $9.95 | $86.10 | x |
| 2002-12-31 | $7.31 | $86.10 | x |
| 2003-12-31 | $8.46 | $86.10 | x |
| 2004-12-31 | $8.73 | $86.10 | x |
| 2005-12-31 | $5.10 | $86.10 | x |
| 2006-12-31 | $4.93 | $86.10 | x |
| 2007-12-31 | $4.91 | $86.10 | x |
| 2008-12-31 | $1.97 | $86.10 | x |
| 2009-12-31 | $3.65 | $86.10 | x |
| 2010-12-31 | $0.63 | $86.10 | x |
| 2011-12-31 | $0.42 | $86.10 | x |
| 2012-12-31 | $0.40 | $86.10 | x |
| 2013-12-31 | $-0.31 | $86.10 | x |
| 2014-12-31 | $-0.30 | $86.10 | x |
| 2015-12-31 | $-0.53 | $86.10 | x |
| 2016-12-31 | $-0.59 | $86.10 | x |
| 2017-12-31 | $-0.90 | $86.10 | x |
| 2018-12-31 | $-0.36 | $86.10 | x |
| 2019-12-31 | $2.56 | $86.10 | x |
| 2020-12-31 | $7.38 | $86.10 | x |
| 2021-12-31 | $8.20 | $86.10 | x |
| 2022-12-31 | $9.62 | $86.10 | x |
| 2023-12-31 | $18.49 | $86.10 | x |
| 2024-12-31 | $26.03 | $86.10 | x |
| 2025-12-31 | $24.68 | $86.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Casella Waste Systems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.43%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.18x
- Recent ROE (0.50%) is above the historical average (-32.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 1.84% | 2.29% | 0.48x | 1.68x | $-12.00 Million |
| 1998 | 6.05% | 5.25% | 0.64x | 1.80x | $-5.94 Million |
| 1999 | 3.38% | 5.25% | 0.23x | 2.81x | $-17.83 Million |
| 2000 | 3.41% | 3.28% | 0.37x | 2.79x | $-21.36 Million |
| 2001 | -44.02% | -21.16% | 0.70x | 2.98x | $-124.60 Million |
| 2002 | 4.23% | 1.78% | 0.68x | 3.51x | $-10.20 Million |
| 2003 | 3.92% | 1.84% | 0.62x | 3.45x | $-12.57 Million |
| 2004 | 3.31% | 1.51% | 0.59x | 3.69x | $-14.72 Million |
| 2005 | 8.57% | 2.11% | 0.63x | 6.43x | $-1.85 Million |
| 2006 | -14.34% | -3.27% | 0.65x | 6.71x | $-30.35 Million |
| 2007 | -6.28% | -1.35% | 0.69x | 6.71x | $-20.30 Million |
| 2008 | -135.25% | -12.27% | 0.73x | 15.01x | $-73.05 Million |
| 2009 | -14.74% | -2.65% | 0.76x | 7.35x | $-23.26 Million |
| 2010 | 233.87% | 8.25% | 0.74x | 38.57x | $36.78 Million |
| 2011 | -687.51% | -16.14% | 0.73x | 58.45x | $-78.71 Million |
| 2012 | -396.62% | -11.89% | 0.69x | 48.32x | $-55.51 Million |
| 2013 | 0.00% | -4.64% | 0.74x | 0.00x | $-21.87 Million |
| 2014 | 0.00% | -1.63% | 0.55x | 0.00x | $-4.79 Million |
| 2015 | 0.00% | -2.37% | 0.86x | 0.00x | $-10.82 Million |
| 2016 | 0.00% | -1.21% | 0.89x | 0.00x | $-4.40 Million |
| 2017 | 0.00% | -3.64% | 0.97x | 0.00x | $-18.01 Million |
| 2018 | 0.00% | 0.97% | 0.90x | 0.00x | $8.00 Million |
| 2019 | 25.79% | 4.26% | 0.80x | 7.59x | $19.38 Million |
| 2020 | 25.16% | 11.76% | 0.65x | 3.30x | $54.89 Million |
| 2021 | 9.73% | 4.62% | 0.69x | 3.04x | $-1.15 Million |
| 2022 | 10.66% | 4.89% | 0.75x | 2.91x | $3.29 Million |
| 2023 | 2.49% | 2.01% | 0.50x | 2.48x | $-76.78 Million |
| 2024 | 0.87% | 0.87% | 0.47x | 2.15x | $-141.55 Million |
| 2025 | 0.50% | 0.43% | 0.54x | 2.18x | $-149.00 Million |
Industry Comparison
This section compares Casella Waste Systems Inc's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $73,040,120
- Average return on equity (ROE) among peers: 11.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Casella Waste Systems Inc (CWST) | $1.57 Billion | 1.84% | 1.09x | $5.39 Billion |
| American Battery Technology Company Common Stock (ABAT) | $-86.14K | 0.00% | 0.00x | $402.91 Million |
| Ambipar Emergency Response (AMBI) | $447.09 Million | 36.12% | 6.69x | $6.48 Million |
| Ambipar Emergency Response (AMBIQ) | $28.67 Million | 0.00% | 1.21x | $3.16 Million |
| Aqua Metals Inc (AQMS) | $16.24 Million | -151.16% | 0.62x | $10.89 Million |
| Avalon Holdings Corporation (AWX) | $42.92 Million | -2.52% | 0.35x | $8.52 Million |
| CDT Environmental Technology Investment Holdings Limited ordinary shares (CDTG) | $3.68 Million | 157.26% | 1.11x | $5.17 Million |
| Clean Harbors Inc (CLH) | $115.66 Million | 22.15% | 4.31x | $14.71 Billion |
| Decent Holding Inc Ordinary Shares (DXST) | $5.02 Million | 41.92% | 1.24x | $3.48 Million |
| Energys Group Limited Ordinary Shares (ENGS) | $-1.83 Million | 0.00% | 0.00x | $13.67 Million |
About Casella Waste Systems Inc
Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. The company offers resource management expertise and services primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services to residential, commercial, municipal, institutional, and industrial customers. It a… Read more