AAON, Inc. (AAON) vs Casella Waste Systems, Inc. (CWST)
A side-by-side comparison of AAON, Inc. and Casella Waste Systems, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 28, 2026. Differences are shown without an overall score or investment verdict.
AAON
AAON, Inc.
$78.15IndustrialsDelayed quote: Aug 27, 2026, 4:00 PM EDT
CWST
Casella Waste Systems, Inc.
$93.00IndustrialsDelayed quote: Aug 27, 2026, 4:00 PM EDT
Total return — AAON vs CWST
growth of $100 · dividends reinvested · last 10yAAON +332.1% (+15.8%/yr)CWST +917.5% (+26.1%/yr)CWST compounded faster over this window
AAON CWST
AAON vs CWST: by the numbers
- •AAON is the larger company ($6.40B vs $5.82B market cap).
- •AAON trades at the lower trailing earnings multiple (40.92 vs 997.85 P/E), one valuation lens rather than an overall verdict.
- •AAON converts more revenue to profit (8.24% vs 0.29% net margin).
- •AAON grew revenue faster over the past five years (30.47% vs 19.33% CAGR).
- •AAON pays a dividend (0.51% yield), while CWST has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AAON | CWST |
|---|---|---|
| P/E ratio | 40.92 | 997.85 |
| Forward P/E | 33.09 | N/A |
| P/S ratio | 3.39 | 3.03 |
| P/B ratio | 6.48 | 3.75 |
| EV / EBITDA | 21.92 | 17.18 |
| FCF yield | N/A | 1.78% |
Profitability
| Metric | AAON | CWST |
|---|---|---|
| Gross margin | 25.57% | 17.06% |
| Operating margin | 11.05% | 4.45% |
| Net margin | 8.24% | 0.29% |
| ROE | 15.76% | 0.36% |
| ROIC | 11.51% | 1.72% |
Dividends
| Metric | AAON | CWST |
|---|---|---|
| Dividend yield | 0.51% | N/A |
| Payout ratio | 30.30% | N/A |
Growth (annualized)
| Metric | AAON | CWST |
|---|---|---|
| Revenue CAGR (5Y) | 30.47% | 19.33% |
| EPS CAGR (5Y) | 5.50% | -42.27% |
| FCF CAGR (5Y) | -57.58% | 19.24% |
| Total return CAGR (5Y) | 11.82% | 4.87% |
Frequently asked
- Which has the lower trailing P/E, AAON or CWST?
- AAON has the lower trailing P/E: AAON trades at 40.92 and CWST at 997.85. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AAON or CWST?
- Over the past five years, AAON grew revenue faster — AAON at a 30.47% CAGR versus CWST at 19.33%.
- Does AAON or CWST pay a bigger dividend?
- AAON pays a dividend (0.51% yield), while CWST has no payments in the available dividend history.
- Is AAON or CWST more profitable?
- AAON runs the higher net margin — AAON at 8.24% versus CWST at 0.29%.
- How have AAON and CWST total returns compared?
- Over the past 10 years, AAON delivered 16.23% and CWST delivered 26.01% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AAON P/E ratioCasella Waste Systems P/E ratioAAON dividend yieldAAON ROECasella Waste Systems ROEAAON operating marginCasella Waste Systems operating marginAAON revenue growthCasella Waste Systems revenue growthAAON free cash flowCasella Waste Systems free cash flow
AAON & Casella Waste Systems appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 28, 2026.