Consolidated Water Co. Ltd. (CWCO) Financial Statements
Industry: Water Supply
In fiscal 2025, Consolidated Water reported revenue of $132.1M, down 1.4% from $134.0M the year before. Net income was $18.3M (a 13.9% net margin), or $1.14 per diluted share. Gross margin was 36.6% and operating margin was 13.9%. Operating activities generated $41.7M of cash, leaving $33.2M of free cash flow. At fiscal year end, Consolidated Water held $257.6M in total assets against $30.9M in total liabilities, including $123.8M of cash and equivalents.
Open the full interactive Consolidated Water financials → Quarterly statements, key ratios, valuation history and price charts.
Consolidated Water Key Stats
| Share Price | $30.28 |
|---|---|
| Market Cap | $487.8M |
| P/E Ratio | 26.6 |
| Revenue YoY Growth | -1.4% |
| 52-Week Range | $27.39 – $37.90 |
| Shares Outstanding | 16.0 million (basic, 2026 Q2) |
Consolidated Water Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $72.6M | $66.9M | $94.1M | $180.2M | $134.0M | $132.1M |
| Gross Profit | $26.8M | $23.5M | $30.4M | $61.9M | $45.6M | $48.4M |
| Operating Income | $8.3M | $2.0M | $9.3M | $37.2M | $18.3M | $18.4M |
| Pre-Tax Income | $9.4M | $3.6M | $9.7M | $38.0M | $20.7M | $21.4M |
| Income Tax | $86,724 | -$447,982 | $396,739 | $6.8M | $2.2M | $2.2M |
| Net Income | $3.7M | $875,579 | $5.9M | $29.6M | $28.2M | $18.3M |
| Diluted EPS | $0.24 | $0.06 | $0.38 | $1.86 | $1.77 | $1.14 |
Consolidated Water Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $35.1M | $29.6M | $30.0M | $32.9M |
| Net Income | $5.5M | $2.9M | $3.8M | $3.9M |
| Diluted EPS | $0.34 | $0.18 | $0.23 | $0.24 |
Consolidated Water Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $43.8M | $40.4M | $50.7M | $42.6M | $99.4M | $123.8M |
| Current Assets | $72.9M | $76.9M | $92.6M | $112.7M | $157.8M | $169.6M |
| Total Assets | $179.6M | $177.0M | $193.0M | $218.4M | $243.3M | $257.6M |
| Current Liabilities | $6.9M | $7.7M | $22.7M | $23.9M | $24.9M | $27.7M |
| Total Long-Term Debt | $168,549 | $214,527 | $331,081 | $383,224 | $196,638 | $73,503 |
| Total Liabilities | $10.5M | $11.4M | $25.2M | $26.6M | $28.0M | $30.9M |
| Shareholders' Equity | $160.9M | $157.6M | $159.7M | $186.8M | $210.0M | $221.7M |
Consolidated Water Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $17.3M | $7.0M | $21.3M | $8.0M | $36.5M | $41.7M |
| Cash From Investing | -$11.1M | -$3.9M | -$5.0M | -$10.9M | $27.0M | -$8.4M |
| Cash From Financing | -$5.2M | -$5.9M | -$6.3M | -$5.5M | -$6.7M | -$9.0M |
| Free Cash Flow | $15.6M | $5.5M | $13.8M | $2.9M | $29.8M | $33.2M |
Figures from Consolidated Water's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Consolidated Water financials page for every line item.
Consolidated Water Company Profile
| Ticker | CWCO |
|---|---|
| Exchange | Nasdaq |
| Industry | Water Supply |
| Headquarters | Grand Cayman |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0000928340 |
Frequently Asked Questions
What was Consolidated Water's revenue in fiscal 2025?
Consolidated Water (CWCO) reported revenue of $132.1M for fiscal 2025.
What is Consolidated Water's annual revenue history?
Consolidated Water's annual revenue by fiscal year: 2020: $72.6M; 2021: $66.9M; 2022: $94.1M; 2023: $180.2M; 2024: $134.0M; 2025: $132.1M.
What was Consolidated Water's net income in fiscal 2025?
Consolidated Water reported net income of $18.3M for fiscal 2025.
What was Consolidated Water's earnings per share (EPS) in fiscal 2025?
Consolidated Water's diluted EPS was $1.14 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Consolidated Water generate in fiscal 2025?
Consolidated Water generated $33.2M of free cash flow in fiscal 2025.
What was Consolidated Water's revenue last quarter?
In its most recent reported quarter (2026 Q2), Consolidated Water reported revenue of $32.9M.
How much debt does Consolidated Water have?
Consolidated Water reported $73,503 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Consolidated Water are outstanding?
Consolidated Water reported a weighted average of 16.0 million basic shares outstanding in 2026 Q2.
What is Consolidated Water's market cap?
Based on its latest closing price, Consolidated Water (CWCO) has a market capitalization of about $487.8M.
When does Consolidated Water's fiscal year end?
Consolidated Water's fiscal year end, as registered with the SEC, is December 31.
Where is Consolidated Water headquartered?
Consolidated Water lists its business address in Grand Cayman in its SEC filings.