Consolidated Water Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Consolidated Water has an operating margin of 13.7%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is down from 20.6% the prior year.
Consolidated Water's revenue declined 25.7% year-over-year, from $180.2M to $134.0M. This contraction results in a growth score of 0/100.
Consolidated Water carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.33, Consolidated Water holds $6.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Consolidated Water converts 22.3% of revenue into free cash flow ($29.8M). This strong cash generation earns a score of 100/100.
Consolidated Water's ROE of 13.5% shows moderate profitability relative to equity, earning a score of 54/100. This is down from 15.8% the prior year.
Consolidated Water scores 14.77, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($592.8M) relative to total liabilities ($28.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Consolidated Water passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Consolidated Water generates $1.29 in operating cash flow ($36.5M OCF vs $28.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Consolidated Water earns $179.5 in operating income for every $1 of interest expense ($18.3M vs $102K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Consolidated Water (CWCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Consolidated Water generated $134.0M in revenue in fiscal year 2024. This represents a decrease of 25.7% from the prior year.
Consolidated Water's EBITDA was $25.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.9% from the prior year.
Consolidated Water generated $29.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 920.2% from the prior year.
Consolidated Water reported $28.2M in net income in fiscal year 2024. This represents a decrease of 4.6% from the prior year.
Consolidated Water earned $1.77 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 4.8% from the prior year.
Consolidated Water held $99.4M in cash against $70K in long-term debt as of fiscal year 2024.
Consolidated Water paid $0.41 per share in dividends in fiscal year 2024. This represents an increase of 13.9% from the prior year.
Consolidated Water's gross margin was 34.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Consolidated Water's operating margin was 13.7% in fiscal year 2024, reflecting core business profitability. This is down 7.0 percentage points from the prior year.
Consolidated Water's net profit margin was 21.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.7 percentage points from the prior year.
Consolidated Water's ROE was 13.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.4 percentage points from the prior year.
Consolidated Water invested $6.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 32.7% from the prior year.
CWCO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.1M+4.5% | $33.6M-0.4% | $33.7M+18.7% | $28.4M-12.5% | $32.5M-18.2% | $39.7M-25.5% | $53.3M+6.8% | $49.9M |
| Cost of Revenue | $22.2M+6.8% | $20.8M-3.0% | $21.4M+7.5% | $19.9M-4.5% | $20.9M-19.2% | $25.8M-24.0% | $34.0M+2.2% | $33.2M |
| Gross Profit | $12.9M+0.9% | $12.8M+4.3% | $12.3M+44.9% | $8.5M-26.9% | $11.6M-16.3% | $13.9M-28.1% | $19.3M+16.1% | $16.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.2M-4.8% | $7.6M-1.9% | $7.7M+4.2% | $7.4M+12.2% | $6.6M+0.6% | $6.6M-4.3% | $6.9M+16.8% | $5.9M |
| Operating Income | $5.8M+9.0% | $5.3M+14.6% | $4.6M+327.0% | $1.1M-78.5% | $5.0M-31.5% | $7.3M-41.1% | $12.4M+15.6% | $10.7M |
| Interest Expense | $901-24.0% | $1K-22.4% | $2K-27.5% | $2K-93.7% | $33K-0.2% | $34K-9.9% | $37K+9.3% | $34K |
| Income Tax | $827K+3.9% | $796K+278.7% | $210K+392.4% | $43K-96.0% | $1.1M+71.1% | $622K-73.9% | $2.4M+20.6% | $2.0M |
| Net Income | $5.5M+8.6% | $5.1M+6.4% | $4.8M+228.5% | $1.5M-90.8% | $15.9M+144.8% | $6.5M-34.2% | $9.8M+14.4% | $8.6M |
| EPS (Diluted) | $0.34+6.3% | $0.32+6.7% | $0.30+200.0% | $0.10-89.9% | $0.99+147.5% | $0.40-35.5% | $0.62+14.8% | $0.54 |
CWCO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $257.2M-0.1% | $257.5M+2.8% | $250.4M+2.9% | $243.3M+3.5% | $235.2M+5.4% | $223.2M+2.2% | $218.4M+3.2% | $211.6M |
| Current Assets | $169.9M+0.1% | $169.8M+2.9% | $165.1M+4.6% | $157.7M+4.6% | $150.8M+26.9% | $118.8M+5.4% | $112.7M+2.9% | $109.6M |
| Cash & Equivalents | $123.6M+10.1% | $112.2M+4.1% | $107.9M+8.6% | $99.4M+2.8% | $96.7M+109.3% | $46.2M+8.3% | $42.6M-12.7% | $48.8M |
| Inventory | $4.6M-26.5% | $6.2M-13.2% | $7.2M-20.1% | $9.0M+96.4% | $4.6M+9.1% | $4.2M-30.8% | $6.0M-23.6% | $7.9M |
| Accounts Receivable | $29.0M-30.9% | $42.0M+15.9% | $36.2M-8.6% | $39.6M-0.2% | $39.7M-5.0% | $41.8M+9.3% | $38.2M+0.3% | $38.1M |
| Goodwill | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M0.0% | $12.9M+23.4% | $10.4M |
| Total Liabilities | $31.0M-12.1% | $35.3M+11.8% | $31.6M+12.7% | $28.0M+20.9% | $23.2M-10.7% | $25.9M-2.6% | $26.6M-7.3% | $28.7M |
| Current Liabilities | $28.2M-13.0% | $32.4M+12.3% | $28.9M+15.8% | $24.9M+27.7% | $19.5M-17.9% | $23.8M-0.4% | $23.9M-9.7% | $26.5M |
| Long-Term Debt | $35K-23.3% | $45K-20.3% | $57K-19.2% | $70K-38.9% | $115K-23.2% | $150K-21.6% | $191K+42.9% | $134K |
| Total Equity | $220.4M+1.8% | $216.6M+1.5% | $213.3M+1.6% | $210.0M+1.6% | $206.7M+7.6% | $192.1M+2.8% | $186.8M+5.0% | $178.0M |
| Retained Earnings | $116.1M+2.9% | $112.8M+2.6% | $109.9M+2.8% | $106.9M+2.3% | $104.5M+15.9% | $90.1M+5.8% | $85.1M+10.9% | $76.8M |
CWCO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.4M+75.9% | $8.8M-25.5% | $11.8M+1684.9% | -$742K-103.5% | $21.0M+252.2% | $6.0M+1500.5% | -$425K-112.4% | $3.4M |
| Capital Expenditures | $1.9M-26.4% | $2.6M+63.6% | $1.6M-45.8% | $2.9M+147.1% | $1.2M+124.6% | $531K-42.5% | $924K-8.8% | $1.0M |
| Free Cash Flow | $13.5M+119.4% | $6.1M-39.5% | $10.2M+375.3% | -$3.7M-118.7% | $19.8M+264.7% | $5.4M+501.7% | -$1.3M-156.0% | $2.4M |
| Investing Cash Flow | -$1.9M+28.4% | -$2.6M-66.3% | -$1.6M+47.7% | -$3.0M-109.4% | $32.1M+6134.6% | -$531K+87.8% | -$4.3M-328.6% | -$1.0M |
| Financing Cash Flow | -$2.2M-24.8% | -$1.8M+0.6% | -$1.8M+1.7% | -$1.8M-15.5% | -$1.6M-1.2% | -$1.6M-0.3% | -$1.6M-21.7% | -$1.3M |
| Dividends Paid | $2.2M+27.0% | $1.7M+0.3% | $1.7M-1.2% | $1.8M+16.0% | $1.5M+1.4% | $1.5M+0.4% | $1.5M+11.8% | $1.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CWCO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.9%-1.3pp | 38.2%+1.7pp | 36.5%+6.6pp | 29.9%-5.9pp | 35.8%+0.8pp | 35.0%-1.3pp | 36.2%+2.9pp | 33.3% |
| Operating Margin | 16.4%+0.7pp | 15.7%+2.0pp | 13.7%+9.9pp | 3.8%-11.6pp | 15.4%-3.0pp | 18.4%-4.9pp | 23.3%+1.8pp | 21.6% |
| Net Margin | 15.8%+0.6pp | 15.2%+1.0pp | 14.2%+9.1pp | 5.1%-43.7pp | 48.8%+32.5pp | 16.3%-2.2pp | 18.5%+1.2pp | 17.3% |
| Return on Equity | 2.5%+0.2pp | 2.4%+0.1pp | 2.3%+1.6pp | 0.7%-7.0pp | 7.7%+4.3pp | 3.4%-1.9pp | 5.3%+0.4pp | 4.8% |
| Return on Assets | 2.1%+0.2pp | 2.0%+0.1pp | 1.9%+1.3pp | 0.6%-6.1pp | 6.7%+3.8pp | 2.9%-1.6pp | 4.5%+0.4pp | 4.1% |
| Current Ratio | 6.03+0.8 | 5.24-0.5 | 5.72-0.6 | 6.33-1.4 | 7.72+2.7 | 4.99+0.3 | 4.72+0.6 | 4.14 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | 38.4%+20.1pp | 18.3%-11.8pp | 30.1%+43.1pp | -13.0%-73.8pp | 60.9%+47.2pp | 13.7%+16.2pp | -2.5%-7.4pp | 4.8% |
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Frequently Asked Questions
What is Consolidated Water's annual revenue?
Consolidated Water (CWCO) reported $134.0M in total revenue for fiscal year 2024. This represents a -25.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Consolidated Water's revenue growing?
Consolidated Water (CWCO) revenue declined by 25.7% year-over-year, from $180.2M to $134.0M in fiscal year 2024.
Is Consolidated Water profitable?
Yes, Consolidated Water (CWCO) reported a net income of $28.2M in fiscal year 2024, with a net profit margin of 21.1%.
What is Consolidated Water's earnings per share (EPS)?
Consolidated Water (CWCO) reported diluted earnings per share of $1.77 for fiscal year 2024. This represents a -4.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Consolidated Water's EBITDA?
Consolidated Water (CWCO) had EBITDA of $25.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Consolidated Water have?
As of fiscal year 2024, Consolidated Water (CWCO) had $99.4M in cash and equivalents against $70K in long-term debt.
What is Consolidated Water's gross margin?
Consolidated Water (CWCO) had a gross margin of 34.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Consolidated Water's operating margin?
Consolidated Water (CWCO) had an operating margin of 13.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Consolidated Water's net profit margin?
Consolidated Water (CWCO) had a net profit margin of 21.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Consolidated Water pay dividends?
Yes, Consolidated Water (CWCO) paid $0.41 per share in dividends during fiscal year 2024.
What is Consolidated Water's return on equity (ROE)?
Consolidated Water (CWCO) has a return on equity of 13.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Consolidated Water's free cash flow?
Consolidated Water (CWCO) generated $29.8M in free cash flow during fiscal year 2024. This represents a 920.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Consolidated Water's operating cash flow?
Consolidated Water (CWCO) generated $36.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Consolidated Water's total assets?
Consolidated Water (CWCO) had $243.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Consolidated Water's capital expenditures?
Consolidated Water (CWCO) invested $6.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Consolidated Water's current ratio?
Consolidated Water (CWCO) had a current ratio of 6.33 as of fiscal year 2024, which is generally considered healthy.
What is Consolidated Water's debt-to-equity ratio?
Consolidated Water (CWCO) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Consolidated Water's return on assets (ROA)?
Consolidated Water (CWCO) had a return on assets of 11.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Consolidated Water's Altman Z-Score?
Consolidated Water (CWCO) has an Altman Z-Score of 14.77, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Consolidated Water's Piotroski F-Score?
Consolidated Water (CWCO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Consolidated Water's earnings high quality?
Consolidated Water (CWCO) has an earnings quality ratio of 1.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Consolidated Water cover its interest payments?
Consolidated Water (CWCO) has an interest coverage ratio of 179.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Consolidated Water?
Consolidated Water (CWCO) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.