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Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd.

NASDAQ•CWCO
CEO: Mr. Frederick W. McTaggart
Sector: Utilities
Industry: Regulated Water
Listing Date: 1995-01-25
Consolidated Water Co. Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing. The company produces potable water from seawater utilizing reverse osmosis technology and supply water to end-users, including residential, commercial, and government customers, as well as government-owned distributors. It offers design, engineering, construction, procurement, and management services for desalination projects and water treatment plants, as well as management and engineering services relating to municipal water distribution and treatment. In addition, the company manufactures and services a range of water-related products, including reverse osmosis desalination equipment, membrane separation equipment, filtration equipment, piping systems, vessels, and custom fabricated components; and provides design, engineering, consulting, management, inspection, training, and equipment maintenance services for commercial, municipal, and industrial water production, supply, and treatment, as well as desalination and wastewater treatment. Consolidated Water Co. Ltd. was incorporated in 1973 and is headquartered in Grand Cayman, the Cayman Islands.
Contact Information
Regatta Office Park, Windward Three, 4th Floor West Bay Road PO Box 1114, Grand Cayman, KY1-1102, Cayman Islands
345-945-4277
www.cwco.com
Market Cap
$596.79M
P/E (TTM)
35.3
20.5
Dividend Yield
1.4%
52W High
$38.36
52W Low
$22.69
52W Range
94%
Rank34Top 27.8%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$35.12M+5.18%
4-Quarter Trend

EPS

$0.35+25.00%
4-Quarter Trend

FCF

$0.00-100.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Revenue Growth Revenue reached $35.12M USD for the quarter, showing 5.2% growth compared to the prior year period.
Net Income Improvement Net income attributable to stockholders was $5.53M USD, marking a 24.2% increase over the prior period.
Strong Cash Position Cash and equivalents totaled $123.55M USD as of September 30, 2025, reflecting strong operating cash flow.

Risk Factors

Cayman License Uncertainty Retail license renegotiations with OfReg could materially reduce operating income and cash flows for the segment.
Bahamas Receivables Delinquency CW-Bahamas faces liquidity risk; $16.8M receivable balance shows 66% delinquency as of period end.
Contract Cost Overruns Profitability depends on accurate fixed-price contract cost estimation; cost increases severely impact margins.

Outlook

Liquidity Sufficient for 2025 Projected liquidity covers $4.5M in capital expenditures, including $1.3M for Bahamas project spending.
Mexico Project Finalization Currently incurring expenses to legally terminate/dissolve subsidiaries related to the settled Mexico project operation.
Inflation Impact on Margins Inflation uncertainty threatens retail segment profitability due to delayed rate adjustments impacting costs.

Peer Comparison

Revenue (TTM)

New Fortress Energy Inc.NFE
$1.78B
-27.2%
Select Water Solutions, Inc.WTTR
$1.41B
-4.6%
Genie Energy Ltd.GNE
$483.28M
+13.1%

Gross Margin (Latest Quarter)

The York Water CompanyYORW
73.7%
-1.2pp
Global Water Resources, Inc.GWRS
73.4%
-2.5pp
Pure Cycle CorporationPCYO
68.4%
+4.7pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WTTR$1.24B61.72.5%21.3%
ARIS$774.71M27.27.5%34.7%
CWCO$596.79M35.37.8%1.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.3%
Steady Growth
4Q Net Income CAGR
56.0%
Profitability Improved
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 16, 2026
|
EPS:$0.27
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $35.12M+5.2%
    |
    EPS: $0.35+25.0%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $33.59M+3.4%
    |
    EPS: $0.32-68.0%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $33.72M-15.1%
    |
    EPS: $0.30-26.8%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $133.97M-25.7%
    |
    EPS: $1.78-5.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 14, 2024|
    Revenue: $33.39M-33.0%
    |
    EPS: $0.28-49.1%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 14, 2024|
    Revenue: $32.48M-26.6%
    |
    EPS: $1.00+112.8%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 15, 2024|
    Revenue: $39.69M+20.8%
    |
    EPS: $0.41+70.8%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 27, 2024|
    Revenue: $180.21M+91.5%
    |
    EPS: $1.88+208.2%
    Beat