CWST vs. CTAS
CWST (Casella Waste Systems, Inc.) and CTAS (Cintas Corporation) are both stocks. Both are in the Industrials sector — CWST in Waste Management, CTAS in Specialty Business Services. Over the past 10 years, CWST returned 27.23%/yr vs 23.23%/yr for CTAS. At a 0.32 correlation, their price movements are largely independent.
Performance
CWST vs. CTAS - Performance Comparison
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Returns By Period
In the year-to-date period, CWST achieves a -13.64% return, which is significantly lower than CTAS's -9.45% return. Over the past 10 years, CWST has outperformed CTAS with an annualized return of 27.23%, while CTAS has yielded a comparatively lower 23.23% annualized return.
CWST
- 1D
- -2.76%
- 1M
- -3.24%
- YTD
- -13.64%
- 6M
- -15.12%
- 1Y
- -27.08%
- 3Y*
- -0.41%
- 5Y*
- 5.71%
- 10Y*
- 27.23%
CTAS
- 1D
- -0.82%
- 1M
- -2.01%
- YTD
- -9.45%
- 6M
- -11.30%
- 1Y
- -21.77%
- 3Y*
- 12.98%
- 5Y*
- 13.57%
- 10Y*
- 23.23%
CWST vs. CTAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWST Casella Waste Systems, Inc. | -13.64% | -7.44% | 23.81% | 7.75% | -7.15% | 37.89% | 34.59% | 61.57% | 23.76% | 85.50% |
CTAS Cintas Corporation | -9.45% | 3.78% | 22.24% | 34.82% | 2.97% | 26.51% | 32.74% | 61.73% | 9.04% | 36.32% |
Correlation
The correlation between CWST and CTAS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1997 | 0.32 |
The correlation between CWST and CTAS shifts across timeframes, from 0.32 (all time) to 0.47 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CWST:
$5.37B
CTAS:
$68.94B
CWST:
$0.11
CTAS:
$4.75
CWST:
752.15
CTAS:
35.65
CWST:
2.86
CTAS:
6.26
CWST:
3.43
CTAS:
14.40
CWST:
$1.88B
CTAS:
$11.03B
CWST:
$248.24M
CTAS:
$1.33B
CWST:
$405.88M
CTAS:
$2.66B
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Return for Risk
CWST vs. CTAS — Risk / Return Rank
CWST
CTAS
CWST vs. CTAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Casella Waste Systems, Inc. (CWST) and Cintas Corporation (CTAS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CWST | CTAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.84 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.80 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.37 | +0.11 |
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Drawdowns
CWST vs. CTAS - Drawdown Comparison
The maximum CWST drawdown since its inception was -98.52%, which is greater than CTAS's maximum drawdown of -65.32%. Use the drawdown chart below to compare losses from any high point for CWST and CTAS.
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Drawdown Indicators
| CWST | CTAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.52% | -65.32% | -33.20% |
Max Drawdown (1Y)Largest decline over 1 year | -36.37% | -27.23% | -9.14% |
Max Drawdown (3Y)Largest decline over 3 years | -37.72% | -27.68% | -10.04% |
Max Drawdown (5Y)Largest decline over 5 years | -37.72% | -27.68% | -10.04% |
Max Drawdown (10Y)Largest decline over 10 years | -37.72% | -48.38% | +10.66% |
Current DrawdownCurrent decline from peak | -29.73% | -24.86% | -4.87% |
Average DrawdownAverage peak-to-trough decline | -53.00% | -15.04% | -37.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.50% | 15.95% | +5.55% |
Volatility
CWST vs. CTAS - Volatility Comparison
Casella Waste Systems, Inc. (CWST) has a higher volatility of 9.46% compared to Cintas Corporation (CTAS) at 8.70%. This indicates that CWST's price experiences larger fluctuations and is considered to be riskier than CTAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWST | CTAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 8.70% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 27.46% | 16.22% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.79% | 20.85% | +12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.29% | 22.61% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.90% | 26.75% | +4.15% |
Dividends
CWST vs. CTAS - Dividend Comparison
CWST has not paid dividends to shareholders, while CTAS's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTAS Cintas Corporation | 1.06% | 0.89% | 0.80% | 0.83% | 0.93% | 0.77% | 0.99% | 0.95% | 1.22% | 1.04% | 1.15% | 1.15% |
CWST Casella Waste Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CWST vs. CTAS - Financials Comparison
This section allows you to compare key financial metrics between Casella Waste Systems, Inc. and Cintas Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CWST vs. CTAS - Profitability Comparison
CWST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Casella Waste Systems, Inc. reported a gross profit of 0.00 and revenue of 457.33M. Therefore, the gross margin over that period was 0.0%.
CTAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported a gross profit of -2.78B and revenue of 2.84B. Therefore, the gross margin over that period was -97.8%.
CWST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Casella Waste Systems, Inc. reported an operating income of 4.86M and revenue of 457.33M, resulting in an operating margin of 1.1%.
CTAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported an operating income of 659.90M and revenue of 2.84B, resulting in an operating margin of 23.2%.
CWST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Casella Waste Systems, Inc. reported a net income of -5.54M and revenue of 457.33M, resulting in a net margin of -1.2%.
CTAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported a net income of 502.50M and revenue of 2.84B, resulting in a net margin of 17.7%.
Frequently Asked Questions
CWST and CTAS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWST has higher volatility (9.46%) compared to CTAS (8.70%). In terms of maximum drawdown, CWST dropped -98.52% vs CTAS's -65.32%.
CWST currently has the higher Sharpe Ratio (-0.81 vs -1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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