CWCONasdaqWater SupplyFiscal year ends December 31
Consolidated Water Co. Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$27.60−0.64 (-2.27%)
Close on Oct 19, 2026
- Market cap
- $444.59M
- P/E (TTM)
- 27.9
- Dividend yield
- 1.92%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.6%−0.2 pts over 5 years
Operating margin
13.9%+2.4 pts over 5 years
Net margin
13.9%+8.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.4% | +12.0% | +12.7% | +8.7% | |
| Gross profit | +6.0% | +16.8% | +12.6% | +7.6% | |
| Operating income | +0.4% | +25.6% | +17.1% | +8.1% | |
| Net income | -35.1% | +46.3% | +37.6% | +9.3% | |
| EPS, diluted | -35.6% | +44.2% | +36.6% | +8.4% | |
| Free cash flow | +11.2% | +34.0% | +16.3% | +8.9% | |
| Dividend per share | +29.3% | +15.9% | +9.3% | +5.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2.7% | 2.3% | 8.5% | |
| Return on assets | 2.4% | 2.0% | 7.3% | |
| Current ratio | 9.11 | 10.51 | 6.12 | |
| Debt to equity | – | 0.00 | 0.00 | |
| Net debt to EBITDA | – | -2.77× | -4.90× | |
| Interest coverage | 20.5× | 863.3× | 4153.9× | |
| Inventory turnover | 15.9× | 14.1× | 13.2× | |
| Capex to revenue | 6.0% | 2.4% | 6.5% | |
| Diluted shares | 15M | 15M | 16M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Consolidated Water generated $114.50M from operations and spent $59.31M on capital expenditure, dividends and share buybacks. 49% of that went back into the business.
Generated
$114.50M
Used
$59.31M
Capital expenditure$29.32M49%Dividends$29.99M51%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.9%
×Asset turnover0.53×
×Equity multiplier1.16×
=Return on equity, FY20258.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.9% | 0.53× | 1.16× | 8.5% |
| FY2024 | 21.1% | 0.58× | 1.16× | 14.2% |
| FY2023 | 16.4% | 0.88× | 1.19× | 17.1% |
| FY2022 | 6.2% | 0.51× | 1.16× | 3.7% |
| FY2021 | 1.3% | 0.38× | 1.12× | 0.5% |
| FY2020 | 5.1% | 0.39× | 1.14× | 2.3% |
| FY2019 | 17.7% | 0.38× | 1.14× | 7.6% |
| FY2018 | 17.2% | 0.39× | 1.12× | 7.5% |
| FY2017 | 10.3% | 0.36× | 1.12× | 4.2% |
| FY2016 | 6.8% | 0.36× | 1.12× | 2.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$18.34M
- Cash generatingOperating cash flow above zero$41.71M
- Return on assets improvedROA up on the prior year12.9% → 7.5%
- Earnings backed by cashOperating cash flow above net income$41.71M vs $18.34M
- Less leverageLong-term debt to assets fell0.0% → 0.0%
- Better liquidityCurrent ratio rose6.33 → 6.12
- No dilutionShare count did not rise16M → 16M
- Gross margin improvedGross margin up on the prior year34.06% → 36.63%
- More efficientAsset turnover rose0.61 → 0.54