CWST vs RSG
Casella Waste Systems Inc. and Republic Services, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CWST | RSG |
|---|---|---|
| Revenue | $1.8B | $19.0B |
| Net income | $7.9M | $2.1B |
| Gross margin | 33.8% | 49.4% |
| Net margin | 0.4% | 11.2% |
| Return on equity | 0.5% | 18.3% |
| Diluted EPS | $0.12 | $6.85 |
| Dividend / share | · | $2.41 |
| Payout ratio | · | 34.5% |
| Free cash flow | $84.7M | $2.4B |
| Equity | $1.6B | $12.0B |
| Net debt / equity | 0.64× | 1.14× |
| Current ratio | 1.26× | 0.64× |
| Revenue CAGR 5y | 18.9% | 9.6% |
| Profit CAGR 5y | −38.7% | 17.2% |
RSG bills 10.4× the revenue of CWST, and keeps more of each dollar of revenue as profit (11.2% against 0.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CWST | RSG |
|---|---|---|
| FY2025 | $1.8B | $19.0B |
| FY2024 | $1.6B | $18.4B |
| FY2023 | $1.3B | $17.3B |
| FY2022 | $1.1B | $15.6B |
| FY2021 | $889.2M | $13.3B |
| FY2020 | $774.6M | $12.0B |
| FY2019 | $743.3M | $12.2B |
| FY2018 | $660.7M | $11.9B |
| FY2017 | $599.3M | $12.1B |
| FY2016 | $565.0M | $11.4B |
Bottom line
| Fiscal year | CWST | RSG |
|---|---|---|
| FY2025 | $7.9M | $2.1B |
| FY2024 | $13.5M | $2.0B |
| FY2023 | $25.4M | $1.7B |
| FY2022 | $53.1M | $1.5B |
| FY2021 | $41.1M | $1.3B |
| FY2020 | $91.1M | $967.2M |
| FY2019 | $31.7M | $1.1B |
| FY2018 | $6.4M | $1.0B |
| FY2017 | $-21.8M | $1.3B |
| FY2016 | $-6.8M | $612.6M |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$17,190,159,000 | RSG |
| FY2024 | −$16,860,717,000 | RSG |
| FY2023 | −$16,014,458,000 | RSG |
| FY2022 | −$14,559,911,000 | RSG |
| FY2021 | −$12,431,889,000 | RSG |
| FY2020 | −$11,257,116,000 | RSG |
| FY2019 | −$11,449,710,000 | RSG |
| FY2018 | −$11,237,740,000 | RSG |
| FY2017 | −$11,471,791,000 | RSG |
| FY2016 | −$10,790,370,000 | RSG |
| FY2015 | −$8,568,500,000 | RSG |
| FY2013 | −$9,647,067,000 | RSG |
| FY2012 | −$9,276,165,000 | RSG |
| FY2011 | −$9,290,950,000 | RSG |
| FY2010 | −$7,651,915,000 | RSG |
| FY2009 | −$7,741,458,000 | RSG |
RSG has reported the higher revenue in every one of these 16 fiscal years. The gap has widened since the earliest year compared.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.8 pp | RSG |
| FY2024 | −10.2 pp | RSG |
| FY2023 | −8.0 pp | RSG |
| FY2022 | −4.6 pp | RSG |
| FY2021 | −5.1 pp | RSG |
| FY2020 | +3.7 pp | CWST |
| FY2019 | −4.5 pp | RSG |
| FY2018 | −7.7 pp | RSG |
| FY2017 | −14.2 pp | RSG |
| FY2016 | −6.6 pp | RSG |
| FY2015 | −10.4 pp | RSG |
| FY2013 | −11.3 pp | RSG |
| FY2012 | −17.8 pp | RSG |
| FY2011 | −22.6 pp | RSG |
| FY2010 | +2.2 pp | CWST |
| FY2009 | −9.1 pp | RSG |
The higher net margin has changed hands between CWST and RSG over this period.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CWST's net margin has been more volatile than RSG's over the 16 comparable fiscal years — 6.9 percentage points of standard deviation against 2.0.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CWST and RSG over these 16 fiscal years — CWST led in 2 and RSG in 14.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CWST's return on equity has been more volatile than RSG's over the 9 comparable fiscal years — 132.5 percentage points of standard deviation against 4.6.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CWST and RSG over these 9 fiscal years — CWST led in 2 and RSG in 7.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.