CASELLA WASTE SYSTEMS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $1.56B | $1.26B | $1.09B | $889.2M | $774.6M | $743.3M | $660.7M |
| Cost of Revenue | $1.22B | $1.03B | $832.0M | $723.1M | $582.4M | $515.6M | $508.7M | $453.3M |
| Gross Profit | $620.2M | $529.9M | $432.5M | $362.0M | $306.8M | $258.9M | $234.6M | $207.4M |
| Gross Margin | 33.8% | 34.0% | 34.2% | 33.4% | 34.5% | 33.4% | 31.6% | 31.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $224.2M | $190.8M | $155.8M | $133.4M | $118.8M | $102.4M | $92.8M | $84.8M |
| Operating Income | $63.7M | $72.8M | $80.4M | $95.4M | $77.7M | $59.3M | $53.1M | $39.7M |
| Operating Margin | 3.5% | 4.7% | 6.4% | 8.8% | 8.7% | 7.7% | 7.1% | 6.0% |
| Interest Expense | — | — | $47.6M | $23.7M | $21.2M | $22.4M | $25.1M | $26.3M |
| Pretax Income | $13.1M | $21.0M | $37.0M | $75.0M | $58.0M | $38.3M | $29.8M | $6.0M |
| Income Tax Expense | $5.2M | $7.5M | $11.6M | $21.9M | $16.9M | $-52.8M | $-1.9M | $-384.0K |
| Net Income | $7.9M | $13.5M | $25.4M | $53.1M | $41.1M | $91.1M | $31.7M | $6.4M |
| Net Margin | 0.4% | 0.9% | 2.0% | 4.9% | 4.6% | 11.8% | 4.3% | 1.0% |
| EPS (Basic) | $0.12 | $0.23 | $0.46 | $1.03 | $0.80 | $1.87 | $0.67 | $0.15 |
| EPS (Diluted) | $0.12 | $0.23 | $0.46 | $1.03 | $0.80 | $1.86 | $0.66 | $0.15 |
| Shares Outstanding (Basic) | 63.5M | 59.6M | 55.2M | 51.6M | 51.3M | 48.8M | 47.2M | 42.7M |
| Shares Outstanding (Diluted) | 63.6M | 59.7M | 55.3M | 51.8M | 51.5M | 49.0M | 48.0M | 44.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |