Consolidated Water Co (CWCO) financial statements
Consolidated Water Co reported revenue of $132M in fiscal 2025, up 9.6% a year over 9 years.
Net income was $18M and the operating margin 13.9%, against 3.7% in 2016.
Free cash flow was $33M, and the company returned $8M in dividends.
The diluted share count rose 7% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Consolidated Water Co's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $58M | $469,347 | $2M | $69M | $73M | $67M | $94M | $180M | $134M | $132M |
| Cost of revenue | $34M | $35M | $39M | $41M | $46M | $43M | $64M | $118M | $88M | $84M |
| Gross profit | $24M | $24M | $27M | $28M | $27M | $24M | $30M | $62M | $46M | $48M |
| Selling, general and admin | $19M | $19M | $19M | $17M | $18M | $18M | $21M | $25M | $28M | $30M |
| Operating income | $2M | $2M | $8M | $12M | $8M | $2M | $9M | $37M | $18M | $18M |
| Interest expense | $104,048 | $5,722 | $8,427 | $1,332 | $9,669 | $10,248 | $46,545 | $145,284 | $101,847 | $4,420 |
| Pre-tax income | $2M | $4M | $11M | $13M | $9M | $4M | $10M | $38M | $21M | $21M |
| Income tax | -$536,057 | -$888,977 | -$157,291 | $66,621 | $86,724 | -$447,982 | $396,739 | $7M | $2M | $2M |
| Net income | $4M | $6M | $11M | $12M | $4M | $875,579 | $6M | $30M | $28M | $18M |
| EPS (diluted) | $0.27 | $0.41 | $0.75 | $0.80 | $0.24 | $0.06 | $0.38 | $1.86 | $1.77 | $1.14 |
| Diluted shares | 15M | 15M | 15M | 15M | 15M | 15M | 15M | 16M | 16M | 16M |
| Gross margin | 41.9% | 5113.2% | 1476.4% | 41.1% | 36.9% | 35.2% | 32.3% | 34.4% | 34.1% | 36.6% |
| Operating margin | 3.7% | 484.9% | 440.3% | 17.0% | 11.5% | 3.0% | 9.9% | 20.6% | 13.6% | 13.9% |
| Net margin | 6.8% | 1309.1% | 623.5% | 17.7% | 5.1% | 1.3% | 6.2% | 16.4% | 21.1% | 13.9% |
Balance sheet
Fiscal years, from Consolidated Water Co's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $38M | $45M | $31M | $42M | $44M | $40M | $51M | $43M | $99M | $124M |
| Receivables | $17M | $15M | $22M | $23M | $21M | $27M | $27M | $38M | $40M | $33M |
| Inventory | $2M | $2M | $2M | $3M | $3M | $3M | $6M | $6M | $9M | $4M |
| Total current assets | $61M | $67M | $62M | $73M | $73M | $77M | $93M | $113M | $158M | $170M |
| Property, plant and equipment | $53M | $50M | $59M | $61M | $58M | $53M | $53M | $56M | $52M | $55M |
| Goodwill | $10M | $8M | $8M | $13M | $13M | $10M | $10M | $13M | $13M | $13M |
| Total assets | $164M | $165M | $173M | $192M | $180M | $176M | $193M | $218M | $243M | $258M |
| Total current liabilities | $7M | $8M | $8M | $8M | $7M | $8M | $23M | $24M | $25M | $28M |
| Long-term debt | — | — | $0 | $61,146 | $126,338 | $152,038 | $216,117 | $191,190 | $70,320 | $25,954 |
| Total liabilities | $9M | $9M | $9M | $14M | $11M | $11M | $25M | $27M | $28M | $31M |
| Shareholders' equity | $146M | $148M | $155M | $164M | $161M | $158M | $160M | $187M | $210M | $222M |
| Net debt | -$38M | -$45M | -$31M | -$42M | -$44M | -$40M | -$50M | -$42M | -$99M | -$124M |
Cash flow
Fiscal years, from Consolidated Water Co's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8M | $15M | $9M | $15M | $17M | $7M | $21M | $8M | $37M | $42M |
| Capital spending | $3M | $5M | $16M | $4M | $2M | $1M | $8M | $5M | $7M | $9M |
| Free cash flow | $4M | $11M | -$7M | $12M | $16M | $5M | $14M | $3M | $30M | $33M |
| Stock-based compensation | $521,019 | $803,577 | $850,136 | $1M | $1M | $977,232 | $1M | $2M | $1M | $2M |
| Dividends paid | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $6M | $8M |
| Net borrowing | $0 | — | — | $0 | -$32,642 | -$49,729 | -$72,091 | -$135,481 | -$186,586 | -$123,135 |
| Free cash flow margin | 7.5% | 2252.4% | -395.1% | 17.0% | 21.5% | 8.2% | 14.7% | 1.6% | 22.3% | 25.1% |
| Dividends per share | $0.30 | $0.30 | $0.34 | $0.34 | $0.34 | $0.34 | $0.33 | $0.34 | $0.39 | $0.50 |
Questions
What was Consolidated Water Co's revenue in 2025?
$132M in fiscal 2025, from its 10-K filing.
How much free cash flow does Consolidated Water Co generate?
$33M in fiscal 2025 (operating cash flow minus capital spending).
From Consolidated Water Co's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.