Casella Waste Systems Inc. has recently released its 10-K report, providing a comprehensive overview of its business operations in the United States. The company, founded in 1975 and headquartered in Rutland, Vermont, operates as a vertically integrated solid waste services company, offering resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to a wide range of customers.
In its latest 10-K report, Casella Waste Systems Inc. disclosed that it manages its solid waste operations through three regional operating segments: Eastern, Western, and Mid-Atlantic regions. The company operates 86 solid waste collection operations, 72 transfer stations, 32 recycling and processing facilities, eight Subtitle D landfills, two landfill gas-to-energy facilities, and one landfill permitted to accept construction and demolition materials.
The report also highlights the company's recent acquisitions, including the expansion of its geographic footprint with the acquisition of the assets of RGL, Inc. (dba Mountain State Waste) in January 2026. In the fiscal year ended December 31, 2025, Casella Waste Systems Inc. acquired nine businesses, further strengthening its position in the industry.
In terms of financial performance, the report provides a detailed breakdown of the company's revenues. In fiscal year 2025, the company reported total revenues of $1,836.8 million, with solid waste operations accounting for $1,476.9 million and Resource Solutions operations contributing $359.9 million to the total revenue.
The report also delves into the company's operating expenses, including cost of operations, general and administration expenses, and depreciation and amortization expenses. In fiscal year 2025, the cost of operations totaled $1,216.6 million, representing 66.2% of the total revenues. The breakdown of cost of operations includes direct costs, direct labor costs, direct operational costs, fuel costs, maintenance and repair costs, and other operational costs.
Furthermore, the report provides a detailed analysis of the period-to-period change in solid waste revenues. It highlights the factors that influenced the change in solid waste revenues, including price increases, volume fluctuations, intercompany transfers, surcharges and other fees, commodity price and volume changes, and the impact of acquisitions.
The market has reacted to these announcements by moving the company's shares 1.3% to a price of $106.15. For more information, read the company's full 10-K submission here.
