Casella Waste Systems, Inc.
$6.89B- Market cap
- $5.84B
- Debt
- +$1.17B
- Cash
- −$123.77M
Capital structure 83% equity / 17% debt · EV / Revenue 3.75x · EV / EBITDA 21.52x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: CWST stock price at premium vs SWX $91.86 current versus $4.98 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at SWX's multiple
Implied fair value · at CWST's multiple
Snapshot Sep 8, 11:29 AM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: CWST FY 2025 (ended Dec 31, 2025) · SWX FY 2023 (ended Dec 31, 2023). Fiscal years are not aligned.
Trendline
Seven fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 83% equity / 17% debt · EV / Revenue 3.75x · EV / EBITDA 21.52x
Capital structure 58% equity / 42% debt · EV / Revenue 2.02x · EV / EBITDA 13.79x
SWX carries the larger enterprise value at $10.96B against $6.89B; SWX trades on the lower EV / Revenue multiple (2.02x vs 3.75x); SWX on the lower EV / EBITDA (13.79x vs 21.52x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
CASELLA WASTE SYSTEMS, INC. · implied price per share
Bear
$0.70
Base
$3.72
Bull
$7.65
Southwest Gas Holdings, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.74x
1.41x
Net debt / EBITDA
Leverage against operating earnings
3.27x
5.72x
Cash and equivalents
Liquid reserves on the balance sheet
$123.77M
$106.54M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$1.17B
$4.65B
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