Consolidated Water Co. Ltd. (CWCO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.2	$0.24	+20.0%	—	$32.9M	—
Q1 26	$0.26	$0.24	-7.7%	—	$30M	—
Q4 25	$0.28	$0.76	+171.4%	—	$29.6M	—
Q3 25	$0.25	$0.34	+36.0%	—	$35.1M	—
Q2 25	$0.2	$0.32	+60.0%	—	—	—
Q1 25	$0.22	$0.3	+36.4%	—	—	—
Q4 24	$0.28	$0.09	-67.9%	—	—	—
Q3 24	$0.26	$0.27	+3.8%	—	—	—
Q2 24	$0.34	$0.99	+191.2%	—	—	—
Q1 24	$0.39	$0.4	+2.6%	—	—	—
Q4 23	$0.44	$0.67	+52.3%	—	—	—
Q3 23	$0.4	$0.55	+37.5%	—	—	—
Q2 23	$0.22	$0.46	+109.1%	—	$44.2M	—
Q1 23	$0.2	$0.24	+20.0%	—	$32.9M	—
Q4 22	$0.17	$0.1	-41.2%	—	$28.4M	—
Q3 22	$0.18	$0.02	-88.9%	—	$25.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.15	—	—	$132.1M	—
FY24	—	$1.78	—	—	$134M	—
FY23	—	$1.88	—	—	$180.2M	—
FY22	—	$0.38	—	—	$94.1M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$57.9M	$59.4M	$65.7M	$68.8M	$72.6M	$66.9M	$94.1M	$180.2M	$134M	$132.1M
YoY change	+1.33%	+2.58%	+10.7%	+4.68%	+5.57%	-7.94%	+40.7%	+91.5%	-25.7%	-1.41%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	57.9M	59.4M	65.7M	68.8M	72.6M	66.9M	94.1M	180.2M	134M	132.1M
Cost of revenue	33.6M	35.4M	39M	40.5M	45.9M	43.4M	63.7M	118.3M	88.3M	83.7M
Gross profit	24.3M	24M	26.7M	28.3M	26.8M	23.5M	30.4M	61.9M	45.6M	48.4M
Gross margin	41.9%	40.4%	40.7%	41.1%	36.9%	35.2%	32.3%	34.4%	34.1%	36.6%
Research & development	—	—	—	—	—	—	395.7K	578.1K	—	—
Selling, general & administrative	16.9M	17.2M	17.2M	16M	17.4M	17.5M	19.4M	22.7M	26.7M	29.3M
Operating expenses	16.9M	17.2M	17.2M	16M	17.4M	17.5M	19.8M	23.2M	26.7M	29.3M
Operating income	5.6M	5.3M	8M	11.3M	8.3M	5.2M	9.8M	37.5M	18.1M	18.3M
Operating margin	9.63%	8.95%	12.2%	16.4%	11.5%	7.71%	10.4%	20.8%	13.5%	13.8%
Non-operating income, net	-3.8M	-1.9M	2M	644.4K	566.5K	-2.2M	51.5K	270.1K	599.1K	457K
Pretax income	2.2M	3.8M	10.7M	12.5M	9.4M	3.6M	9.7M	38M	20.7M	21.4M
Income tax	-536.1K	-889K	-157.3K	66.6K	86.7K	-448K	396.7K	6.8M	2.2M	2.2M
Net income	2.8M	5.7M	12M	13.7M	4.4M	1.5M	7M	30.2M	28.8M	18.9M
Net margin	4.8%	9.66%	18.2%	20%	6.12%	2.26%	7.41%	16.7%	21.5%	14.3%
EBITDA	14.4M	13.2M	18.1M	19.2M	16.9M	12.9M	16.1M	44.7M	27.3M	28.9M
EPS	0.27	0.41	0.75	0.81	0.24	0.06	0.38	1.88	1.78	1.15
Diluted EPS	0.27	0.41	0.75	0.8	0.24	0.06	0.38	1.86	1.77	1.14

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	35.1M	29.6M	30M	32.9M
Cost of revenue	—	—	—	—	—	—	—	—	22.2M	19.4M	19.1M	21.9M
Gross profit	—	—	—	—	—	—	—	—	12.9M	10.3M	10.9M	11M
Gross margin	—	—	—	—	—	—	—	—	36.9%	34.7%	36.4%	33.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	7.2M	6.8M	7.4M	7.2M
Operating expenses	—	—	—	—	—	—	—	—	7.2M	6.8M	7.4M	7.2M
Operating income	—	—	—	—	—	—	—	—	5.7M	2.7M	3.5M	3.7M
Operating margin	—	—	—	—	—	—	—	—	16.3%	9.11%	11.7%	11.3%
Non-operating income, net	73.5K	29.1K	117.5K	67.9K	331.6K	82.1K	102.3K	96.4K	208.7K	49.7K	37.9K	109.9K
Pretax income	—	—	—	—	—	—	—	—	6.6M	3.4M	4.2M	4.5M
Income tax	—	—	—	—	—	—	—	—	827K	331.7K	202.7K	267.7K
Net income	—	—	—	—	—	—	—	—	5.7M	3M	3.9M	4.1M
Net margin	—	—	—	—	—	—	—	—	16.3%	10.3%	13.1%	12.5%
EBITDA	—	—	—	—	—	—	—	—	8.5M	5.3M	6.2M	6.3M
EPS	0.55	—	0.41	1	0.28	—	0.3	0.32	0.35	—	0.24	0.25
Diluted EPS	0.54	—	0.4	0.99	0.28	—	0.3	0.32	0.34	—	0.23	0.24

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	160.7M	187.7M	174.5M	244.9M	182.2M	161.9M	226.3M	560.3M	409.9M	561.9M	440.8M
Enterprise value	121.9M	142.9M	143.1M	204.8M	140M	122M	178.1M	520.4M	314M	441.2M	321.7M
Shares outstanding	14.8M	14.9M	15M	15M	15.1M	15.2M	15.3M	15.7M	15.8M	15.9M	15.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	57.9	32.7	14.6	17.8	41	107.3	32.5	18.6	14.2	29.7	26.8
P/S	2.78	3.16	2.65	3.56	2.51	2.42	2.4	3.11	3.06	4.25	3.43
P/B	1.04	1.2	1.07	1.38	1.08	0.98	1.35	2.92	1.9	2.48	1.94
EV/EBITDA	8.45	10.8	7.92	10.7	8.3	9.46	11.1	11.6	11.5	15.3	14.2
EV/Sales	2.11	2.41	2.18	2.98	1.93	1.82	1.89	2.89	2.34	3.34	2.52
Earnings yield	1.73%	3.05%	6.87%	5.6%	2.44%	0.93%	3.08%	5.38%	7.03%	3.37%	3.73%
FCF yield	2.71%	5.63%	-5.62%	4.77%	8.57%	3.38%	6.09%	0.52%	7.27%	5.9%	5.22%
PEG	—	—	—	—	—	—	—	—	—	—	-1.23

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	41.9%	40.4%	40.7%	41.1%	36.9%	35.2%	32.3%	34.4%	34.1%	36.6%	33.4%
Operating margin	9.63%	8.95%	12.2%	16.4%	11.5%	7.71%	10.4%	20.8%	13.5%	13.8%	11.3%
Net margin	4.8%	9.66%	18.2%	20%	6.12%	2.26%	7.41%	16.7%	21.5%	14.3%	12.7%
ROE	1.8%	3.67%	7.32%	7.71%	2.63%	0.91%	4.15%	15.7%	13.4%	8.35%	7.51%
ROA	1.7%	3.46%	6.95%	7.15%	2.47%	0.86%	3.61%	13.8%	11.8%	7.35%	3.76%
ROIC	4.83%	4.78%	6.07%	8.14%	6.51%	4.1%	7.85%	20.3%	13.5%	15.5%	14.1%
Return on tangible assets	2.08%	4.01%	7.85%	8.84%	3.07%	1.01%	4.19%	16.2%	13.6%	8.32%	7.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	9.11	8.74	7.89	9.26	10.5	10	4.09	4.72	6.33	6.12	5.95
Quick ratio	8.77	8.53	7.61	8.85	10	9.7	3.83	4.46	5.97	5.99	5.81
Debt / equity	0	0	—	0.01	0.01	0.02	0.01	0.01	0.02	0.01	0.01
Debt / assets	0	0	—	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.01
Net debt / EBITDA	-2.69	-3.4	—	-2.09	-2.5	-3.1	-2.99	-0.89	-3.52	-4.18	-4.92
Interest coverage	22.5	665.5	1.3K	9.4K	976.3	355.7	210.2	262.5	204	4.8K	3.8K
Effective tax rate	0%	0%	0%	0.53%	0.92%	0%	4.07%	17.8%	10.7%	10.1%	8.74%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.91	3.99	4.39	4.58	4.8	4.39	6.15	11.4	8.46	8.29	7.99
EPS (basic)	0.27	0.41	0.75	0.81	0.24	0.06	0.38	1.88	1.78	1.15	1.15
EPS (diluted)	0.27	0.41	0.75	0.8	0.24	0.06	0.38	1.86	1.77	1.14	1.02
Book value per share	10.4	10.5	10.9	11.8	11.2	10.9	11	12.2	13.6	14.2	14.1
FCF per share	0.29	0.71	-0.66	0.78	1.03	0.36	0.9	0.19	1.88	2.08	1.88
Cash per share	2.65	3.05	2.09	2.8	2.9	2.82	3.32	2.71	6.28	7.77	8.28
Capex per share	0.23	0.31	1.26	0.23	0.11	0.1	0.49	0.32	0.42	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.98%	7.66%	28.7%	5.12%	2.38%	2.23%	8.02%	2.8%	5%	—	—
Capex / operating cash flow	97.4%	35.3%	227.8%	20.1%	8.8%	24.2%	28.8%	54.2%	13.3%	—	—
Payout ratio	160.1%	78.1%	42.5%	37.3%	115.9%	342.2%	74%	18.2%	21.9%	42%	54.9%
Dividend yield	2.77%	2.38%	2.92%	2.09%	2.82%	3.19%	2.28%	0.98%	1.54%	1.42%	2.03%

Yield

2.03%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.14

ex-dividend Oct 1, 2026

Payout ratio

55%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Oct 1, 2026upcoming	$0.14
Jul 1, 2026	$0.14
Apr 1, 2026	$0.14

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	—	—	—	—	—	—	—	—	$35.1M	$29.6M	$30M	$32.9M
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	39.3M	45.5M	31.3M	42.1M	43.8M	42.9M	50.7M	42.6M	99.4M	123.8M
Receivables	16.6M	14.7M	22.6M	23.1M	21.7M	27.5M	27.2M	38.8M	40.4M	33.5M
Inventory	2.3M	1.6M	2.2M	3.3M	3.2M	2.5M	5.7M	6M	9M	3.7M
Total current assets	60.9M	66.7M	62.4M	73.2M	72.9M	77.1M	92.6M	112.7M	157.8M	169.6M
Property, plant & equipment	54M	51.5M	64.9M	64.4M	59.5M	56.3M	58.3M	58.5M	60.8M	64.8M
Goodwill & intangibles	30M	22.5M	19.8M	36.7M	34.9M	27.7M	26.5M	32.4M	31.1M	29.9M
Total assets	163.6M	165.5M	172.5M	192M	179.6M	176.4M	193M	218.4M	243.3M	257.6M
Accounts payable	4.9M	3.5M	4.6M	3.5M	2.7M	2.8M	8.4M	11.6M	9.1M	9.6M
Short-term debt	490K	686K	—	706.3K	498K	654.8K	661.8K	648.9K	761.3K	708.6K
Total current liabilities	6.7M	7.6M	7.9M	7.9M	6.9M	7.7M	22.7M	23.9M	24.9M	27.7M
Long-term debt	—	—	—	1.2M	1.1M	2.3M	1.8M	2M	2.7M	2.3M
Total liabilities	9.5M	9.5M	8.8M	14.1M	10.5M	10.7M	25.2M	26.6M	28M	30.9M
Shareholders' equity	154.1M	156M	163.8M	178M	169M	165.7M	167.8M	191.8M	215.3M	226.7M
Total debt	490K	686K	—	1.9M	1.6M	2.9M	2.5M	2.7M	3.5M	3M
Net debt	-38.8M	-44.8M	—	-40.1M	-42.2M	-37.4M	-48.2M	-40M	-95.9M	-120.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	48.8M	42.6M	46.2M	96.7M	104.9M	99.4M	107.9M	112.2M	123.6M	123.8M	126.3M	132.6M
Receivables	38.1M	38.8M	41.8M	39.7M	37.2M	40.4M	36.2M	42M	29M	33.5M	36.2M	28.6M
Inventory	7.9M	6M	4.2M	4.6M	3.9M	9M	7.2M	6.2M	4.6M	3.7M	4.3M	3.9M
Total current assets	109.6M	112.7M	118.8M	150.8M	153.9M	157.8M	165.1M	169.8M	169.9M	169.6M	172.9M	173.9M
Property, plant & equipment	58.2M	58.5M	57.7M	59.1M	59.3M	60.8M	61.1M	63.5M	63.9M	64.8M	64.6M	66.3M
Goodwill & intangibles	25.7M	32.4M	32.1M	31.8M	31.4M	31.1M	30.8M	30.5M	30.1M	29.9M	29.8M	29.6M
Total assets	211.6M	218.4M	223.2M	235.2M	238.4M	243.3M	250.4M	257.5M	257.2M	257.6M	260.2M	262.9M
Accounts payable	11.4M	11.6M	11.1M	8.1M	7.1M	9.1M	9.6M	12.8M	9.5M	9.6M	9.6M	10.6M
Short-term debt	586.5K	648.9K	564.8K	789.6K	785.2K	761.3K	733.7K	758.3K	729.5K	708.6K	636.5K	782.9K
Total current liabilities	26.5M	23.9M	23.8M	19.5M	20.1M	24.9M	28.9M	32.4M	28.2M	27.7M	28.6M	29.2M
Long-term debt	1.6M	2M	1.9M	3.1M	2.9M	2.7M	2.5M	2.7M	2.5M	2.3M	2.2M	2M
Total liabilities	28.7M	26.6M	25.9M	23.2M	23.4M	28M	31.6M	35.3M	31M	30.9M	31.4M	31.9M
Shareholders' equity	182.9M	191.8M	197.2M	212M	215M	215.3M	218.8M	222.2M	226.2M	226.7M	228.8M	231M
Total debt	2.2M	2.7M	2.5M	3.9M	3.7M	3.5M	3.3M	3.5M	3.2M	3M	2.8M	2.8M
Net debt	-46.6M	-40M	-43.7M	-92.8M	-101.2M	-95.9M	-104.6M	-108.8M	-120.3M	-120.8M	-123.5M	-129.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.8M	4.7M	10.9M	13.7M	4.4M	1.5M	7M	30.2M	28.8M	18.9M
Depreciation & amortization	7.4M	7.3M	7M	7.2M	7.4M	6.9M	6.2M	6.6M	6.7M	7.6M
Stock-based compensation	521K	803.6K	850.1K	1.2M	1.2M	977.2K	1.4M	1.9M	1.4M	1.7M
Change in working capital	-6.7M	989.3K	-10.1M	-3.1M	2M	-5.2M	9.3M	-29.9M	12.1M	13.5M
Operating cash flow	3.6M	12.9M	8.3M	17.5M	19.6M	6.1M	26.2M	9.3M	50.4M	41.7M
Capital expenditure	-3.5M	-4.5M	-18.9M	-3.5M	-1.7M	-1.5M	-7.5M	-5M	-6.7M	—
Investing cash flow	-2.8M	-2.9M	-17.4M	1.5M	-11.1M	-3.9M	-5M	-10.9M	27M	102.1K
Dividends paid	-4.4M	-4.5M	-5.1M	-5.1M	-5.1M	-5.2M	-5.2M	-5.5M	-6.3M	-8M
Share repurchases	-14.1K	—	-17.3K	-24.1K	-1.7K	-16.8K	-226	-1.8K	-14.6K	-29.1K
Financing cash flow	-11.2M	-4.1M	-7.3M	-5.1M	-5.2M	-5.9M	-6.3M	-5.6M	-6.7M	-9M
Net change in cash	-10.4M	5.9M	-16.4M	13.9M	3.3M	-3.7M	14.9M	-7.2M	70.6M	32.8M
Free cash flow	4.4M	10.6M	-9.8M	11.7M	15.6M	5.5M	13.8M	2.9M	29.8M	33.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	8.8M	—	6.6M	16M	4.6M	1.6M	5M	5.2M	5.7M	3M	3.9M	4.1M
Depreciation & amortization	1.6M	—	1.7M	1.5M	1.4M	1.7M	1.8M	1.9M	2M	1.9M	2M	1.9M
Stock-based compensation	521.5K	—	279.9K	297.4K	333.4K	486.9K	299.4K	396K	482.5K	523.9K	395.9K	391.8K
Change in working capital	-8.3M	—	-3.9M	15.2M	6.3M	-5.4M	3.6M	2M	8.4M	123.3K	-1M	6.3M
Operating cash flow	2.8M	—	4.7M	33.7M	12.9M	-1.4M	10.6M	8.8M	15.4M	5.8M	6.5M	12M
Capital expenditure	-1M	-924.1K	-531.5K	-1.2M	-2M	-2.9M	-1.6M	—	—	—	—	—
Investing cash flow	-1M	-4.3M	-531.5K	-1.2M	-276.8K	-3M	-1.6M	7.8K	58.4K	4.8K	4K	57.1K
Dividends paid	-1.3M	-1.5M	-1.5M	-1.5M	-1.5M	-1.8M	-1.7M	-1.8M	-2.2M	-2.2M	-2.3M	-2.2M
Share repurchases	0	0	-2.9K	-2.3K	-5.6K	-3.8K	-10.1K	-1.6K	-13K	-4.4K	-7.9K	-5.8K
Financing cash flow	-1.4M	-1.6M	-1.6M	-1.6M	-1.6M	-1.8M	-1.8M	-1.8M	-2.3M	-2.3M	-2.3M	-2.3M
Net change in cash	420.3K	-5.9M	2.7M	31M	11.1M	-6.2M	7.2M	7M	13.2M	3.5M	4.2M	9.8M
Free cash flow	2.4M	-1.3M	5.4M	19.8M	8.3M	-3.7M	10.2M	6.1M	13.5M	3.4M	4.9M	8.5M

Consolidated Water Co. Ltd. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history