Clairvest Group Inc. and Clairvest Equity Partners VI have successfully exited their investment in Star Waste Systems by selling their interests to Casella Waste Systems, Inc. CVG received approximately US$38 million in sale proceeds, generating a positive impact of approximately $2.00 per share on book value. Over four years, Star Waste completed eight acquisitions and grew revenue by over 3.0x, becoming a strategically significant waste management platform in the Greater Boston market.
Casella Waste Systems Inc (CWST)
Common Stock · Currency in USD · XNAS
Casella Waste Systems Inc is a solid waste removal company, providing resource management services to residential, commercial, municipal, and industrial customers. The company's reportable segments on Geographical basis include Eastern, Western and Mid-Atlantic regions through the Resource solution segment. It generates maximum revenue from the Western region segment. The company's services include Recycling, Collection, Organics, Energy, Landfills, Special Waste as well as Professional Services.
Company Info
SIC4953
Composite FIGIBBG000BT0J38
CIK0000911177
IPOOct 29, 1997
Sectorrefuse systems
Highlights
Market Cap$5.54B
EPS$0.64
P/E Ratio138.65
Revenue$1.90B
Gross Profit$680.36M
Net Income$39.94M
Employees5,600
WSO63,514,767
Phone(802) 775-0325
Websitehttps://www.casella.com
Related Tickers
Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Casella Waste Systems Inc, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Casella Waste Systems Inc (CWST) has returned -10.99% so far this year and -15.85% over the past 12 months. Looking at the last ten years, CWST has achieved an annualized return of 29.08%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
CWST
1M-6.81%
6M-5.08%
YTD-10.99%
1Y-15.85%
5Y5.63%
10Y29.08%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Casella Waste Systems Inc (CWST) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.00% | -8.10% | -13.19% | 8.43% | ||||||||
| 2025 | 1.22% | 4.96% | -0.46% | 5.22% | 0.08% | -1.07% | -5.26% | -8.27% | -3.11% | -6.71% | 6.44% | 1.61% |
| 2024 | 0.42% | 4.95% | 9.76% | -8.78% | 11.53% | -2.63% | 4.07% | 4.61% | -7.56% | -1.23% | 15.53% | -6.60% |
| 2023 | -0.04% | -1.98% | 6.47% | 8.43% | 1.37% | 0.07% | -10.41% | -2.58% | -3.33% | -1.14% | 7.15% | 5.64% |
| 2022 | -10.92% | 16.08% | -6.12% | -12.66% | 1.13% | 11.82% | 0.73% | -6.13% | 6.59% | 4.36% | -8.57% | |
| 2021 | -8.27% | 0.24% | 8.31% | 5.55% | -0.55% | -6.14% | 7.81% | 7.23% | 2.48% | 13.54% | -2.75% | -0.70% |
| 2020 | 10.68% | -5.85% | -19.13% | 22.67% | 12.15% | 1.62% | 6.39% | 0.54% | -0.32% | -3.26% | 9.44% | 3.25% |
| 2019 | 8.11% | 17.56% | 0.71% | 4.54% | 0.26% | 2.19% | 9.33% | 4.45% | -5.56% | 1.16% | 4.99% | -1.43% |
| 2018 | 11.70% | -0.27% | -7.99% | 4.92% | -3.91% | 8.01% | 7.74% | 2.49% | 9.48% | 2.88% | 0.25% | -13.43% |
| 2017 | -7.89% | 1.04% | 19.17% | 6.97% | -7.58% | 16.47% | 1.51% | -0.47% | 11.11% | -2.22% | 14.87% | 7.87% |
| 2016 | 7.83% | 9.48% | 18.48% | -2.88% | 13.56% | 8.42% | 12.13% | -1.59% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Casella Waste Systems Inc (CWST) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of CWST compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Casella Waste Systems Inc volatility is 3.50%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 3.30B | 3.23B | 2.54B | 1.45B | 1.28B | 1.19B | 932.18M | 732.41M | 614.95M | 631.51M | 649.88M | 649.90M | 659.63M | 633.74M |
| Equity Attributable To Parent (USD) | 1.57B | 1.55B | 1.02B | 497.90M | 422.46M | 362.14M | 122.75M | -15.83M | -37.86M | -24.53M | -21.52M | -8.41M | 11.29M | 16.43M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | -24.00K | -74.00K | -130.00K | 4.17M | 1.80M |
| Equity (USD) | 1.57B | 1.55B | 1.02B | 497.90M | 422.46M | 362.14M | 122.75M | -15.83M | -37.86M | -24.55M | -21.60M | -8.54M | 15.45M | 18.23M |
| Noncurrent Liabilities (USD) | 1.44B | 1.37B | 1.23B | 773.72M | 708.93M | 700.55M | 678.84M | 636.75M | 564.24M | 573.64M | 586.13M | 568.69M | 556.08M | 527.18M |
| Other Current Liabilities (USD) | 155.12M | 163.61M | 139.41M | 79.84M | 66.90M | 64.73M | 51.82M | 43.24M | 29.31M | 24.92M | 32.25M | 31.90M | 32.14M | 37.48M |
| Wages (USD) | 36.32M | 32.62M | 22.66M | 23.56M | 22.21M | 17.28M | 14.38M | 10.97M | 12.18M | 12.51M | 8.18M | 6.06M | 3.98M | 4.14M |
| Accounts Payable (USD) | 102.47M | 111.09M | 116.79M | 74.20M | 63.09M | 49.20M | 64.40M | 57.29M | 47.08M | 45.00M | 44.92M | 51.79M | 51.97M | 46.71M |
| Current Liabilities (USD) | 293.90M | 307.32M | 278.86M | 177.60M | 152.19M | 131.21M | 130.59M | 111.50M | 88.57M | 82.43M | 85.35M | 89.75M | 88.10M | 88.34M |
| Liabilities (USD) | 1.73B | 1.68B | 1.51B | 951.32M | 861.12M | 831.76M | 809.43M | 748.24M | 652.81M | 656.06M | 671.48M | 658.43M | 644.18M | 615.51M |
| Other Non-current Assets (USD) | - | - | - | - | - | - | - | 230.74M | 169.02M | 154.46M | 170.96M | 175.67M | 176.07M | 149.67M |
| Fixed Assets (USD) | - | - | - | - | - | - | - | 404.58M | 361.55M | 398.47M | 402.25M | 403.42M | 422.50M | 416.72M |
| Noncurrent Assets (USD) | 2.93B | 2.62B | 2.11B | 1.24B | 1.14B | 946.64M | 829.37M | 635.32M | 530.57M | 552.92M | 573.22M | 579.09M | 598.57M | 566.39M |
| Other Current Assets (USD) | 215.58M | 590.26M | 409.10M | 192.30M | 133.71M | 237.97M | 93.82M | 89.75M | 76.08M | 70.60M | 69.00M | 63.63M | 51.85M | 57.68M |
| Prepaid Expenses (USD) | 29.93M | 23.05M | 17.22M | 15.18M | 12.77M | 9.29M | 8.99M | 7.35M | 8.30M | 7.99M | 7.67M | 7.18M | 5.71M | 6.08M |
| Inventory (USD) | - | - | - | - | - | - | - | - | - | - | - | - | 3.49M | 3.60M |
| Cash (USD) | 123.77M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Assets (USD) | 369.28M | 613.31M | 426.33M | 207.48M | 146.48M | 247.25M | 102.81M | 97.09M | 84.38M | 78.59M | 76.67M | 70.81M | 61.05M | 67.36M |
| Assets (USD) | 3.30B | 3.23B | 2.54B | 1.45B | 1.28B | 1.19B | 932.18M | 732.41M | 614.95M | 631.51M | 649.88M | 649.90M | 659.63M | 633.74M |
News and Insights
Clairvest Group Inc. announced the sale of Star Waste Systems to Casella Waste Systems, Inc. Clairvest received approximately US$38 million in proceeds and realized a positive impact of approximately $2.00 per share on book value. Star Waste, a leading solid waste collection and recycling provider in the Greater Boston Area, was grown significantly over four years with eight acquisitions and 3x revenue growth. This marks Clairvest's eighth successful realization in the environmental services sector.
Casella Waste Systems completed its acquisition of Star Waste Systems on April 1, 2026, adding approximately $100 million in annualized revenue. The deal includes three solid waste collection locations and a C&D processing facility in the Boston area and southern New Hampshire. Year-to-date, Casella has acquired four businesses totaling approximately $150 million in annualized revenues.
Casella Waste Systems is remarketing $37.5 million in Solid Waste Disposal Revenue Bonds, with $2.5 million to be redeemed, at a new 4.250% interest rate for a five-year period ending September 2030.
Casella Waste Systems is remarketing $37.5 million in solid waste disposal revenue bonds, with $2.5 million to be redeemed, and the remaining bonds to be remarketed on September 2, 2025, with a final maturity date of September 1, 2050.
Casella Waste Systems is remarketing $29.0 million in Solid Waste Disposal Revenue Bonds, with $1.0 million to be redeemed. The bonds will be remarketed at a 5.000% interest rate, maturing in 2035, and are guaranteed by Casella's subsidiaries.
Casella Waste Systems, a little-known stock, has outperformed top stocks like Tesla, MicroStrategy, and Amazon over the past 10 years, with a nearly 2,600% gain. The company's growth strategy, recession-resilient business, and potential for further acquisitions make it an attractive long-term investment, though investors should be mindful of the valuation.
Casella Waste Systems, Inc. has priced up to $25.0 million of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds. The proceeds will be used to finance and/or reimburse certain costs of qualifying capital projects in Vermont.
Casella Waste Systems, Inc. (CWST) will release its Q4 2024 financial results on February 12, 2025 and host a conference call on February 13, 2025 to discuss the results.
Casella Waste Systems dedicated its CDL Training Center to its first-ever employee, Ken Hier, who passed away in January. The center has graduated nearly 300 drivers since its inception in 2020, providing free commercial driver's license training. Hier, known as 'The Man on the Mountain', embodied a commitment to safety and customer service during his 41-year career at Casella.