Consolidated Water (CWCO) Financials

$23.26 +0.15 (+0.65%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$23.71 +0.45 (+1.95%)

As of 07:00 AM Eastern

Annual Income Statements for Consolidated Water

This table shows Consolidated Water's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	5.86	30	28
Consolidated Net Income / (Loss)	5.86	30	28
Net Income / (Loss) Continuing Operations	9.34	31	18
Total Pre-Tax Income	9.74	38	21
Total Operating Income	9.27	37	18
Total Gross Profit	30	62	46
Total Revenue	94	180	134
Operating Revenue	94	180	134
Total Cost of Revenue	64	118	88
Operating Cost of Revenue	64	118	88
Total Operating Expenses	21	25	27
Selling, General & Admin Expense	21	25	28
Impairment Charge	0.01	0.01	-0.20
Total Other Income / (Expense), net	0.51	0.97	2.50
Interest & Investment Income	0.55	0.87	2.36
Other Income / (Expense), net	-0.04	0.11	0.13
Income Tax Expense	0.40	6.75	2.22
Net Income / (Loss) Discontinued Operations	-2.37	-1.09	10
Other Adjustments to Consolidated Net Income / (Loss)	-1.11	-0.57	-0.58
Basic Earnings per Share	$0.38	$1.88	$1.78
Weighted Average Basic Shares Outstanding	15.29M	15.74M	15.83M
Diluted Earnings per Share	$0.38	$1.86	$1.77
Weighted Average Diluted Shares Outstanding	15.40M	15.87M	15.94M
Weighted Average Basic & Diluted Shares Outstanding	15.72M	15.80M	15.87M
Cash Dividends to Common per Share	$0.34	$0.36	$0.41

This table shows Consolidated Water's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.32	1.53	3.81	7.32	8.61	9.84	6.47	16	4.45	1.58
Consolidated Net Income / (Loss)	0.32	1.53	3.81	7.32	8.61	9.84	6.47	16	4.45	1.46
Net Income / (Loss) Continuing Operations	1.04	2.79	4.24	7.67	9.00	10	7.11	8.61	5.11	-2.37
Total Pre-Tax Income	1.07	3.11	4.69	9.61	11	13	7.73	5.43	5.60	1.91
Total Operating Income	1.24	3.19	4.53	9.48	11	12	7.31	5.01	4.88	1.08
Total Gross Profit	6.84	8.89	11	15	17	19	14	12	12	8.49
Total Revenue	25	28	33	44	50	53	40	32	33	28
Operating Revenue	25	28	33	44	50	53	40	32	33	28
Total Cost of Revenue	18	20	22	29	33	34	26	21	22	20
Operating Cost of Revenue	18	20	22	29	33	34	26	21	22	20
Total Operating Expenses	5.61	5.70	6.03	5.98	5.87	6.87	6.56	6.61	6.75	7.41
Selling, General & Admin Expense	5.61	5.67	6.04	5.98	5.87	6.86	6.56	6.61	6.96	7.41
Impairment Charge	-0.00	0.03	-0.01	-0.00	0.00	0.01	0.00	0.00	-0.20	0.00
Total Other Income / (Expense), net	-0.17	-0.04	0.16	0.17	0.27	0.38	0.42	0.42	0.76	0.90
Interest & Investment Income	0.08	0.13	0.15	0.12	0.23	0.36	0.39	0.42	0.68	0.87
Other Income / (Expense), net	-0.24	-0.18	0.05	0.04	0.04	-0.02	0.06	0.02	0.08	-0.03
Income Tax Expense	0.03	0.31	0.45	1.94	1.98	2.38	0.62	1.06	0.49	0.04
Net Income / (Loss) Discontinued Operations	-0.51	-0.84	-0.26	-0.21	-0.23	-0.39	-0.47	12	-0.50	-0.28
Basic Earnings per Share	$0.02	$0.10	$0.24	$0.47	$0.55	$0.62	$0.41	$1.00	$0.28	$0.09
Weighted Average Basic Shares Outstanding	15.29M	15.29M	15.72M	15.74M	15.74M	15.74M	15.83M	15.83M	15.83M	15.83M
Diluted Earnings per Share	$0.02	$0.10	$0.24	$0.46	$0.54	$0.62	$0.40	$0.99	$0.28	$0.10
Weighted Average Diluted Shares Outstanding	15.45M	15.40M	15.89M	15.91M	15.93M	15.87M	15.98M	15.98M	15.99M	15.94M
Weighted Average Basic & Diluted Shares Outstanding	15.29M	15.72M	15.74M	15.74M	15.75M	15.80M	15.83M	15.83M	15.83M	15.87M
Cash Dividends to Common per Share	$0.09	$0.08	$0.09	$0.09	$0.10	$0.09	$0.10	$0.10	$0.11	$0.11

This table details how cash moves in and out of Consolidated Water's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	16	21	85
Net Cash From Operating Activities	21	7.97	37
Net Cash From Continuing Operating Activities	23	9.11	38
Net Income / (Loss) Continuing Operations	13	60	57
Consolidated Net Income / (Loss)	13	60	57
Depreciation Expense	6.19	6.58	6.69
Non-Cash Adjustments To Reconcile Net Income	9.97	-18	11
Changes in Operating Assets and Liabilities, net	0.03	-9.98	-8.55
Net Cash From Discontinued Operating Activities	-1.82	-1.14	-1.66
Net Cash From Investing Activities	-4.98	-11	27
Net Cash From Continuing Investing Activities	-4.98	-11	27
Purchase of Property, Plant & Equipment	-7.54	-5.05	-6.70
Acquisitions	0.00	-3.42	0.00
Purchase of Investments	0.00	0.00	-0.05
Sale of Property, Plant & Equipment	0.06	0.02	0.45
Sale and/or Maturity of Investments	5.02	0.00	0.00
Other Investing Activities, net	-2.52	-2.44	33
Net Cash From Financing Activities	-6.30	-5.52	-6.71
Net Cash From Continuing Financing Activities	-6.30	-5.52	-6.71
Repayment of Debt	-0.07	-0.14	-0.19
Repurchase of Preferred Equity	-	-0.00	-0.01
Payment of Dividends	-6.26	-5.49	-6.53
Other Financing Activities, net	0.03	0.10	0.02

This table details how cash moves in and out of Consolidated Water's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-0.97	22	4.02	3.87	9.74	3.52	3.86	74	11	-4.10
Net Cash From Operating Activities	2.59	5.53	5.35	-0.37	3.42	-0.42	5.95	21	10	-0.74
Net Cash From Continuing Operating Activities	3.05	6.23	5.67	-0.10	3.68	-0.13	6.35	22	11	-0.52
Net Income / (Loss) Continuing Operations	-	13	7.79	15	17	20	6.64	38	9.07	3.05
Consolidated Net Income / (Loss)	-	-	7.79	15	17	20	6.64	38	9.07	3.05
Depreciation Expense	-	-	1.59	1.68	1.59	1.71	-	-	1.68	1.67
Non-Cash Adjustments To Reconcile Net Income	-	-	4.42	-3.99	-3.47	-15	-	-	4.48	1.35
Changes in Operating Assets and Liabilities, net	-	-	-4.32	-5.25	-3.22	2.81	-	-	0.02	-5.13
Net Cash From Discontinued Operating Activities	-0.46	-0.70	-0.32	-0.27	-0.25	-0.29	-0.40	-0.59	-0.44	-0.22
Net Cash From Investing Activities	1.37	-4.56	-3.81	-1.72	-1.01	-4.34	-0.53	32	-1.58	-3.00
Net Cash From Continuing Investing Activities	1.37	-4.56	-3.81	-1.72	5.53	-11	-0.53	31	-30	27
Purchase of Property, Plant & Equipment	-1.15	-4.59	-1.38	-1.73	-1.01	-0.92	-0.53	-1.19	-2.02	-2.95
Net Cash From Financing Activities	-1.88	-1.33	-1.33	-1.36	-1.28	-1.55	-1.56	-1.58	-1.76	-1.82
Net Cash From Continuing Financing Activities	-1.88	-1.33	-1.33	-1.36	-1.28	-1.55	-1.56	-1.58	-1.76	-1.82
Repayment of Debt	-0.02	-0.02	-0.03	-0.03	-0.03	-0.05	-0.05	-0.05	-0.04	-0.05
Payment of Dividends	-1.89	-1.31	-1.31	-1.34	-1.34	-1.50	-1.50	-1.53	-1.73	-1.77

This table presents Consolidated Water's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	193	218	243
Total Current Assets	93	113	158
Cash & Equivalents	51	43	99
Accounts Receivable	27	38	40
Inventories, net	5.73	6.04	8.96
Prepaid Expenses	5.64	4.06	5.15
Other Current Assets	2.91	22	4.47
Other Current Nonoperating Assets	0.53	0.21	0.27
Plant, Property, & Equipment, net	53	56	52
Total Noncurrent Assets	48	50	33
Long-Term Investments	1.55	1.41	1.50
Goodwill	10	13	13
Intangible Assets	2.82	3.35	2.70
Other Noncurrent Operating Assets	12	11	16
Other Noncurrent Nonoperating Assets	21	21	0.00
Total Liabilities & Shareholders' Equity	193	218	243
Total Liabilities	25	27	28
Total Current Liabilities	23	24	25
Short-Term Debt	0.11	0.19	0.13
Accounts Payable	8.84	12	9.06
Dividends Payable	1.38	1.57	1.78
Current Deferred Revenue	0.32	0.32	9.49
Current Employee Benefit Liabilities	2.27	3.16	3.34
Other Current Liabilities	9.35	6.69	0.63
Other Current Nonoperating Liabilities	0.39	0.36	0.51
Total Noncurrent Liabilities	2.59	2.70	3.07
Long-Term Debt	0.22	0.19	0.07
Noncurrent Deferred & Payable Income Tax Liabilities	0.56	0.53	0.21
Other Noncurrent Operating Liabilities	1.81	1.98	2.78
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	168	192	215
Total Preferred & Common Equity	160	187	210
Preferred Stock	0.02	0.03	0.03
Total Common Equity	160	187	210
Common Stock	98	102	103
Retained Earnings	61	85	107
Noncontrolling Interest	8.10	5.00	5.35

This table presents Consolidated Water's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	185	202	205	212	223	235	238
Total Current Assets	87	101	103	110	119	151	154
Cash & Equivalents	51	51	48	49	46	97	105
Accounts Receivable	24	30	30	38	42	40	37
Inventories, net	4.05	9.09	9.84	7.92	4.18	4.56	3.93
Prepaid Expenses	4.70	5.25	6.87	5.43	2.77	2.95	5.68
Other Current Assets	1.82	6.13	8.19	8.97	23	5.41	1.96
Other Current Nonoperating Assets	0.50	0.37	0.32	0.30	0.54	1.50	0.31
Plant, Property, & Equipment, net	50	51	51	50	55	54	53
Total Noncurrent Assets	48	49	51	52	50	30	31
Long-Term Investments	1.54	1.29	1.34	1.39	1.26	1.31	1.38
Goodwill	10	10	10	10	13	13	13
Intangible Assets	2.96	2.68	2.55	2.41	3.19	3.03	2.86
Other Noncurrent Operating Assets	12	13	16	17	11	13	14
Other Noncurrent Nonoperating Assets	21	21	21	21	21	0.00	0.00
Total Liabilities & Shareholders' Equity	185	202	205	212	223	235	238
Total Liabilities	19	33	30	29	26	23	23
Total Current Liabilities	15	31	28	26	24	20	20
Short-Term Debt	0.09	0.11	0.11	0.11	0.18	0.17	0.15
Accounts Payable	6.90	9.80	10	11	11	8.10	7.11
Dividends Payable	1.38	1.41	1.41	1.57	1.58	1.56	1.80
Current Deferred Revenue	0.41	0.31	13	0.39	5.72	0.22	0.17
Current Employee Benefit Liabilities	2.06	2.86	1.87	2.70	4.34	2.76	3.75
Other Current Liabilities	4.31	16	0.55	10	0.38	6.33	6.65
Other Current Nonoperating Liabilities	0.24	0.35	0.28	0.26	0.45	0.39	0.45
Total Noncurrent Liabilities	3.12	2.32	2.35	2.23	2.12	3.63	3.29
Long-Term Debt	0.15	0.19	0.16	0.13	0.15	0.12	0.09
Noncurrent Deferred Revenue	-	-	-	-	-	0.03	0.04
Noncurrent Deferred & Payable Income Tax Liabilities	1.11	0.52	0.49	0.47	0.08	0.38	0.23
Other Noncurrent Operating Liabilities	1.86	1.60	1.71	1.63	1.89	3.10	2.94
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	167	168	175	183	197	212	215
Total Preferred & Common Equity	159	164	170	178	192	207	210
Preferred Stock	0.02	0.02	0.03	0.03	0.03	0.03	0.03
Total Common Equity	159	164	170	178	192	207	210
Common Stock	98	100	101	101	102	102	103
Retained Earnings	61	64	70	77	90	104	107
Noncontrolling Interest	7.68	4.59	4.73	4.89	5.17	5.30	5.22

This table displays calculated financial ratios and metrics derived from Consolidated Water's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	40.74%	91.50%	-25.66%
EBITDA Growth	56.88%	184.35%	-42.74%
EBIT Growth	217.97%	303.67%	-50.59%
NOPAT Growth	293.76%	243.64%	-46.60%
Net Income Growth	568.85%	405.19%	-4.56%
EPS Growth	533.33%	389.47%	-4.84%
Operating Cash Flow Growth	206.21%	-62.63%	358.12%
Free Cash Flow Firm Growth	247.48%	-116.87%	1,352.96%
Invested Capital Growth	-4.53%	34.22%	-9.40%
Revenue Q/Q Growth	14.31%	15.97%	-15.64%
EBITDA Q/Q Growth	90.95%	57.09%	-31.29%
EBIT Q/Q Growth	14.34%	33.53%	-38.22%
NOPAT Q/Q Growth	18.74%	31.00%	-35.57%
Net Income Q/Q Growth	7.23%	39.07%	-22.89%
EPS Q/Q Growth	2.70%	38.81%	-22.71%
Operating Cash Flow Q/Q Growth	16.54%	-42.76%	-0.86%
Free Cash Flow Firm Q/Q Growth	-3.55%	-155.19%	2.53%
Invested Capital Q/Q Growth	1.97%	13.65%	5.19%
Profitability Metrics	-	-	-
Gross Margin	32.26%	34.36%	34.06%
EBITDA Margin	16.39%	24.33%	18.74%
Operating Margin	9.85%	20.62%	13.65%
EBIT Margin	9.81%	20.68%	13.75%
Profit (Net Income) Margin	6.22%	16.42%	21.08%
Tax Burden Percent	60.14%	77.86%	136.56%
Interest Burden Percent	105.45%	101.93%	112.28%
Effective Tax Rate	4.07%	17.77%	10.73%
Return on Invested Capital (ROIC)	9.06%	27.20%	13.30%
ROIC Less NNEP Spread (ROIC-NNEP)	13.49%	28.65%	-1.44%
Return on Net Nonoperating Assets (RNNOA)	-5.54%	-10.75%	0.57%
Return on Equity (ROE)	3.51%	16.45%	13.87%
Cash Return on Invested Capital (CROIC)	13.69%	-2.02%	23.17%
Operating Return on Assets (OROA)	5.00%	18.12%	7.98%
Return on Assets (ROA)	3.17%	14.38%	12.23%
Return on Common Equity (ROCE)	3.34%	15.85%	13.52%
Return on Equity Simple (ROE_SIMPLE)	3.67%	15.84%	13.45%
Net Operating Profit after Tax (NOPAT)	8.89	31	16
NOPAT Margin	9.45%	16.96%	12.18%
Net Nonoperating Expense Percent (NNEP)	-4.44%	-1.45%	14.74%
Return On Investment Capital (ROIC_SIMPLE)	5.29%	15.90%	7.57%
Cost of Revenue to Revenue	67.74%	65.64%	65.94%
SG&A Expenses to Revenue	22.39%	13.74%	20.56%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.40%	13.74%	20.41%
Earnings before Interest and Taxes (EBIT)	9.23	37	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	44	25
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.38	2.96	1.94
Price to Tangible Book Value (P/TBV)	1.50	3.24	2.10
Price to Revenue (P/Rev)	2.33	3.06	3.05
Price to Earnings (P/E)	37.49	18.66	14.46
Dividend Yield	2.37%	1.03%	1.53%
Earnings Yield	2.67%	5.36%	6.92%
Enterprise Value to Invested Capital (EV/IC)	1.83	3.99	2.68
Enterprise Value to Revenue (EV/Rev)	1.87	2.85	2.34
Enterprise Value to EBITDA (EV/EBITDA)	11.40	11.71	12.46
Enterprise Value to EBIT (EV/EBIT)	19.03	13.77	16.99
Enterprise Value to NOPAT (EV/NOPAT)	19.76	16.80	19.17
Enterprise Value to Operating Cash Flow (EV/OCF)	8.24	64.42	8.57
Enterprise Value to Free Cash Flow (EV/FCFF)	13.07	0.00	11.01
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.41	-0.38	-0.40
Leverage Ratio	1.11	1.14	1.13
Compound Leverage Factor	1.17	1.17	1.27
Debt to Total Capital	0.20%	0.20%	0.09%
Short-Term Debt to Total Capital	0.07%	0.10%	0.06%
Long-Term Debt to Total Capital	0.13%	0.10%	0.03%
Preferred Equity to Total Capital	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	4.82%	2.60%	2.48%
Common Equity to Total Capital	94.97%	97.18%	97.41%
Debt to EBITDA	0.02	0.01	0.01
Net Debt to EBITDA	-3.37	-1.00	-4.01
Long-Term Debt to EBITDA	0.01	0.00	0.00
Debt to NOPAT	0.04	0.01	0.01
Net Debt to NOPAT	-5.84	-1.43	-6.17
Long-Term Debt to NOPAT	0.02	0.01	0.00
Altman Z-Score	6.74	14.87	10.82
Noncontrolling Interest Sharing Ratio	4.87%	3.66%	2.56%
Liquidity Ratios	-	-	-
Current Ratio	4.09	4.72	6.33
Quick Ratio	3.43	3.38	5.57
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	13	-2.27	28
Operating Cash Flow to CapEx	285.15%	158.56%	584.23%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.51	0.88	0.58
Accounts Receivable Turnover	3.46	5.52	3.44
Inventory Turnover	15.49	20.10	11.78
Fixed Asset Turnover	1.78	3.32	2.47
Accounts Payable Turnover	10.77	11.57	8.55
Days Sales Outstanding (DSO)	105.49	66.10	106.00
Days Inventory Outstanding (DIO)	23.57	18.16	31.00
Days Payable Outstanding (DPO)	33.89	31.55	42.68
Cash Conversion Cycle (CCC)	95.17	52.72	94.31
Capital & Investment Metrics	-	-	-
Invested Capital	96	129	117
Invested Capital Turnover	0.96	1.60	1.09
Increase / (Decrease) in Invested Capital	-4.55	33	-12
Enterprise Value (EV)	176	513	313
Market Capitalization	220	552	408
Book Value per Share	$10.44	$11.86	$13.26
Tangible Book Value per Share	$9.57	$10.83	$12.28
Total Capital	168	192	216
Total Debt	0.33	0.38	0.20
Total Long-Term Debt	0.22	0.19	0.07
Net Debt	-52	-44	-101
Capital Expenditures (CapEx)	7.48	5.03	6.25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	46	34
Debt-free Net Working Capital (DFNWC)	70	89	133
Net Working Capital (NWC)	70	89	133
Net Nonoperating Expense (NNE)	3.04	0.98	-12
Net Nonoperating Obligations (NNO)	-72	-63	-99
Total Depreciation and Amortization (D&A)	6.19	6.58	6.69
Debt-free, Cash-free Net Working Capital to Revenue	20.53%	25.74%	25.10%
Debt-free Net Working Capital to Revenue	74.42%	49.39%	99.26%
Net Working Capital to Revenue	74.30%	49.28%	99.17%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.38	$1.88	$1.78
Adjusted Weighted Average Basic Shares Outstanding	15.29M	15.74M	15.83M
Adjusted Diluted Earnings per Share	$0.38	$1.86	$1.77
Adjusted Weighted Average Diluted Shares Outstanding	15.40M	15.87M	15.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.72M	15.80M	15.87M
Normalized Net Operating Profit after Tax (NOPAT)	8.91	31	16
Normalized NOPAT Margin	9.46%	16.96%	12.05%
Pre Tax Income Margin	10.35%	21.08%	15.44%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	106.88%	18.55%	23.14%
Augmented Payout Ratio	106.88%	18.55%	23.14%

This table displays calculated financial ratios and metrics derived from Consolidated Water's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	52.63%	70.79%	68.06%	109.98%	99.00%	87.32%	20.75%	-26.58%	-33.02%	-46.65%
EBITDA Growth	-23.61%	62.41%	156.63%	296.53%	1,145.76%	368.35%	19.55%	-55.06%	-46.37%	-80.70%
EBIT Growth	-23.61%	62.41%	90.31%	237.20%	985.36%	311.48%	61.22%	-47.15%	-54.01%	-91.51%
NOPAT Growth	-10.17%	111.42%	81.83%	197.24%	630.47%	251.95%	64.29%	-46.75%	-49.44%	-89.54%
Net Income Growth	11.24%	34.72%	122.13%	219.83%	2,608.62%	542.53%	69.77%	116.42%	-48.23%	-85.18%
EPS Growth	0.00%	11.11%	118.18%	206.67%	2,600.00%	520.00%	66.67%	115.22%	-48.15%	-83.87%
Operating Cash Flow Growth	-23.94%	121.00%	15.67%	-104.34%	32.12%	-107.68%	11.29%	5,718.28%	202.50%	-74.65%
Free Cash Flow Firm Growth	-13.38%	150.08%	-80.60%	-194.77%	-235.95%	-406.45%	-1,412.53%	95.73%	165.76%	157.87%
Invested Capital Growth	-6.42%	-4.53%	2.14%	0.00%	20.43%	34.22%	35.10%	7.75%	-2.11%	-9.40%
Revenue Q/Q Growth	18.91%	13.48%	15.62%	34.59%	12.70%	6.81%	-25.47%	-18.17%	2.81%	-14.92%
EBITDA Q/Q Growth	-64.84%	203.43%	102.92%	81.57%	10.46%	14.08%	-40.75%	-31.75%	31.83%	-58.95%
EBIT Q/Q Growth	-64.84%	203.43%	50.48%	108.21%	13.17%	15.04%	-40.75%	-31.75%	-1.51%	-78.77%
NOPAT Q/Q Growth	-52.63%	137.79%	42.78%	84.80%	16.42%	14.57%	-33.35%	-40.10%	10.54%	-76.30%
Net Income Q/Q Growth	-86.13%	382.19%	148.95%	92.04%	17.50%	14.38%	-34.22%	144.82%	-71.90%	-67.26%
EPS Q/Q Growth	-86.67%	400.00%	140.00%	91.67%	17.39%	14.81%	-35.48%	147.50%	-71.72%	-64.29%
Operating Cash Flow Q/Q Growth	-69.85%	113.45%	-3.29%	-106.98%	1,017.46%	-112.42%	1,500.45%	252.20%	-50.60%	-107.17%
Free Cash Flow Firm Q/Q Growth	-92.66%	-3.10%	-72.10%	-4,877.44%	89.48%	-118.41%	-19.51%	84.44%	261.92%	92.22%
Invested Capital Q/Q Growth	0.00%	1.97%	0.67%	10.26%	6.40%	13.65%	1.34%	-12.06%	-3.35%	5.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.32%	31.27%	32.12%	34.96%	33.33%	36.22%	34.97%	35.78%	34.84%	29.89%
EBITDA Margin	3.96%	10.60%	18.77%	25.32%	24.81%	26.50%	18.58%	15.50%	19.87%	9.59%
Operating Margin	4.94%	11.22%	13.78%	21.43%	21.55%	23.32%	18.43%	15.43%	14.62%	3.80%
EBIT Margin	3.96%	10.60%	13.92%	21.53%	21.62%	23.28%	18.58%	15.50%	14.85%	3.71%
Profit (Net Income) Margin	1.27%	5.39%	11.60%	16.56%	17.26%	18.48%	16.31%	48.80%	13.34%	5.13%
Tax Burden Percent	29.76%	49.33%	81.39%	76.22%	78.39%	77.36%	83.73%	291.94%	79.48%	76.25%
Interest Burden Percent	107.51%	103.06%	102.43%	100.89%	101.85%	102.62%	104.85%	107.87%	113.06%	181.73%
Effective Tax Rate	2.49%	10.10%	9.59%	20.19%	18.00%	18.74%	8.04%	19.60%	8.75%	2.23%
Return on Invested Capital (ROIC)	4.07%	9.66%	14.00%	41.94%	26.47%	30.39%	27.91%	19.65%	18.89%	4.06%
ROIC Less NNEP Spread (ROIC-NNEP)	5.37%	11.61%	14.39%	42.65%	26.76%	30.76%	28.28%	5.39%	18.89%	3.56%
Return on Net Nonoperating Assets (RNNOA)	-2.22%	-4.77%	-6.20%	-16.70%	-10.88%	-11.54%	-10.72%	-2.31%	-8.25%	-1.41%
Return on Equity (ROE)	1.85%	4.89%	7.80%	25.25%	15.60%	18.86%	17.20%	17.34%	10.65%	2.64%
Cash Return on Invested Capital (CROIC)	14.33%	13.69%	9.11%	-170.50%	3.96%	-2.02%	-0.61%	19.35%	24.73%	23.17%
Operating Return on Assets (OROA)	1.80%	5.40%	7.78%	13.71%	16.94%	20.40%	16.36%	12.34%	10.48%	2.15%
Return on Assets (ROA)	0.58%	2.75%	6.49%	10.54%	13.53%	16.19%	14.36%	38.86%	9.42%	2.98%
Return on Common Equity (ROCE)	1.77%	4.65%	7.50%	24.56%	15.04%	18.17%	16.74%	16.89%	10.38%	2.58%
Return on Equity Simple (ROE_SIMPLE)	3.44%	0.00%	4.85%	7.63%	11.95%	0.00%	16.79%	19.72%	17.46%	0.00%
Net Operating Profit after Tax (NOPAT)	1.21	2.87	4.09	7.57	8.81	10	6.73	4.03	4.45	1.06
NOPAT Margin	4.81%	10.09%	12.46%	17.10%	17.67%	18.95%	16.95%	12.40%	13.34%	3.72%
Net Nonoperating Expense Percent (NNEP)	-1.30%	-1.95%	-0.39%	-0.71%	-0.29%	-0.37%	-0.36%	14.26%	0.00%	0.50%
Return On Investment Capital (ROIC_SIMPLE)	-	1.71%	-	-	-	5.25%	-	-	-	0.49%
Cost of Revenue to Revenue	72.68%	68.73%	67.88%	65.04%	66.67%	63.78%	65.03%	64.22%	65.16%	70.11%
SG&A Expenses to Revenue	22.40%	19.93%	18.37%	13.53%	11.78%	12.88%	16.54%	20.34%	20.83%	26.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.38%	20.05%	18.35%	13.53%	11.78%	12.91%	16.54%	20.35%	20.23%	26.09%
Earnings before Interest and Taxes (EBIT)	0.99	3.01	4.57	9.52	11	12	7.37	5.03	4.96	1.05
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.99	3.01	6.17	11	12	14	7.37	5.03	6.64	2.72
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.44	1.38	1.55	2.21	2.48	2.96	2.40	2.03	1.89	1.94
Price to Tangible Book Value (P/TBV)	1.57	1.50	1.69	2.39	2.67	3.24	2.62	2.19	2.05	2.10
Price to Revenue (P/Rev)	2.78	2.33	2.37	2.88	2.84	3.06	2.47	2.39	2.50	3.05
Price to Earnings (P/E)	40.94	37.49	31.96	28.99	20.76	18.66	14.31	10.30	10.89	14.46
Dividend Yield	2.27%	2.37%	2.10%	1.42%	1.25%	1.03%	1.27%	1.40%	1.51%	1.53%
Earnings Yield	2.44%	2.67%	3.13%	3.45%	4.82%	5.36%	6.99%	9.71%	9.18%	6.92%
Enterprise Value to Invested Capital (EV/IC)	1.96	1.83	2.14	3.12	3.50	3.99	3.22	2.84	2.67	2.68
Enterprise Value to Revenue (EV/Rev)	2.24	1.87	1.92	2.55	2.55	2.85	2.24	1.86	1.87	2.34
Enterprise Value to EBITDA (EV/EBITDA)	22.80	11.40	18.08	18.34	14.21	11.71	10.46	7.72	8.12	12.46
Enterprise Value to EBIT (EV/EBIT)	22.80	19.03	18.08	18.34	14.21	13.77	10.46	9.16	9.95	16.99
Enterprise Value to NOPAT (EV/NOPAT)	24.59	19.76	19.26	21.16	17.00	16.80	12.63	11.00	11.71	19.17
Enterprise Value to Operating Cash Flow (EV/OCF)	10.06	8.24	9.37	25.39	28.48	64.42	48.94	10.91	8.05	8.57
Enterprise Value to Free Cash Flow (EV/FCFF)	13.21	13.07	23.74	0.00	96.45	0.00	0.00	15.24	10.70	11.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.41	-0.41	-0.43	-0.39	-0.41	-0.38	-0.38	-0.43	-0.44	-0.40
Leverage Ratio	1.09	1.11	1.14	1.17	1.14	1.14	1.16	1.14	1.13	1.13
Compound Leverage Factor	1.17	1.14	1.17	1.18	1.16	1.17	1.22	1.23	1.28	2.06
Debt to Total Capital	0.14%	0.20%	0.18%	0.16%	0.14%	0.20%	0.17%	0.13%	0.11%	0.09%
Short-Term Debt to Total Capital	0.05%	0.07%	0.07%	0.07%	0.06%	0.10%	0.09%	0.08%	0.07%	0.06%
Long-Term Debt to Total Capital	0.09%	0.13%	0.11%	0.09%	0.07%	0.10%	0.08%	0.05%	0.04%	0.03%
Preferred Equity to Total Capital	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	4.60%	4.82%	2.72%	2.70%	2.67%	2.60%	2.62%	2.49%	2.43%	2.48%
Common Equity to Total Capital	95.25%	94.97%	97.09%	97.13%	97.18%	97.18%	97.20%	97.36%	97.45%	97.41%
Debt to EBITDA	0.03	0.02	0.03	0.02	0.01	0.01	0.01	0.01	0.01	0.01
Net Debt to EBITDA	-6.49	-3.37	-4.56	-2.69	-1.79	-1.00	-1.17	-2.31	-2.90	-4.01
Long-Term Debt to EBITDA	0.02	0.01	0.02	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.03	0.04	0.03	0.02	0.01	0.01	0.01	0.01	0.01	0.01
Net Debt to NOPAT	-6.99	-5.84	-4.86	-3.10	-2.14	-1.43	-1.42	-3.29	-4.18	-6.17
Long-Term Debt to NOPAT	0.02	0.02	0.02	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Altman Z-Score	8.81	6.64	6.07	9.22	11.11	14.50	12.70	12.95	12.24	10.58
Noncontrolling Interest Sharing Ratio	4.71%	4.87%	3.79%	2.72%	3.61%	3.66%	2.68%	2.61%	2.56%	2.56%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.62	4.09	3.29	3.72	4.14	4.72	4.99	7.72	7.66	6.33
Quick Ratio	4.90	3.43	2.61	2.81	3.29	3.38	3.69	6.98	7.07	5.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7.66	7.42	2.07	-99	-10	-23	-27	-4.23	6.85	13
Operating Cash Flow to CapEx	226.22%	121.13%	391.44%	-21.65%	337.57%	-45.95%	1,119.57%	1,759.96%	655.68%	-25.16%
Free Cash Flow to Firm to Interest Expense	3,750.76	0.00	54.72	0.00	0.00	0.00	-811.32	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1,268.40	0.00	141.28	0.00	0.00	0.00	177.61	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	707.71	0.00	105.19	0.00	0.00	0.00	161.74	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.51	0.56	0.64	0.78	0.88	0.88	0.80	0.71	0.58
Accounts Receivable Turnover	3.25	3.46	4.11	4.31	4.98	5.52	5.25	5.01	4.22	3.44
Inventory Turnover	16.74	15.49	11.64	9.02	17.35	20.10	18.36	15.81	17.29	11.78
Fixed Asset Turnover	1.58	1.78	2.10	2.57	3.10	3.32	3.52	3.34	3.08	2.47
Accounts Payable Turnover	10.77	10.77	10.08	8.75	11.33	11.57	11.63	12.47	11.04	8.55
Days Sales Outstanding (DSO)	112.47	105.49	88.74	84.70	73.37	66.10	69.59	72.85	86.55	106.00
Days Inventory Outstanding (DIO)	21.81	23.57	31.35	40.45	21.03	18.16	19.88	23.09	21.11	31.00
Days Payable Outstanding (DPO)	33.89	33.89	36.22	41.73	32.22	31.55	31.39	29.26	33.06	42.68
Cash Conversion Cycle (CCC)	100.39	95.17	83.88	83.42	62.17	52.72	58.08	66.68	74.61	94.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	94	96	97	106	113	129	130	115	111	117
Invested Capital Turnover	0.85	0.96	1.12	2.45	1.50	1.60	1.65	1.58	1.42	1.09
Increase / (Decrease) in Invested Capital	-6.45	-4.55	2.02	106	19	33	34	8.26	-2.39	-12
Enterprise Value (EV)	184	176	207	332	397	513	420	326	297	313
Market Capitalization	229	220	254	376	442	552	462	419	397	408
Book Value per Share	$10.39	$10.44	$10.42	$10.82	$11.31	$11.86	$12.15	$13.06	$13.25	$13.26
Tangible Book Value per Share	$9.51	$9.57	$9.59	$9.99	$10.49	$10.83	$11.14	$12.05	$12.25	$12.28
Total Capital	167	168	169	175	183	192	198	212	215	216
Total Debt	0.23	0.33	0.30	0.28	0.25	0.38	0.33	0.29	0.24	0.20
Total Long-Term Debt	0.15	0.22	0.19	0.16	0.13	0.19	0.15	0.12	0.09	0.07
Net Debt	-52	-52	-52	-49	-50	-44	-47	-98	-106	-101
Capital Expenditures (CapEx)	1.14	4.56	1.37	1.72	1.01	0.92	0.53	1.19	1.58	2.95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	19	20	28	34	46	49	35	29	34
Debt-free Net Working Capital (DFNWC)	71	70	71	76	83	89	95	131	134	133
Net Working Capital (NWC)	71	70	71	76	83	89	95	131	134	133
Net Nonoperating Expense (NNE)	0.89	1.34	0.28	0.24	0.20	0.25	0.25	-12	-0.00	-0.40
Net Nonoperating Obligations (NNO)	-72	-72	-72	-69	-70	-63	-67	-97	-104	-99
Total Depreciation and Amortization (D&A)	0.00	0.00	1.59	1.68	1.59	1.71	0.00	0.00	1.68	1.67
Debt-free, Cash-free Net Working Capital to Revenue	24.45%	20.53%	18.27%	21.39%	22.12%	25.74%	26.19%	19.81%	18.35%	25.10%
Debt-free Net Working Capital to Revenue	86.50%	74.42%	65.84%	57.91%	53.56%	49.39%	50.88%	74.97%	84.38%	99.26%
Net Working Capital to Revenue	86.40%	74.30%	65.74%	57.82%	53.48%	49.28%	50.78%	74.87%	84.29%	99.17%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.10	$0.24	$0.47	$0.55	$0.62	$0.41	$1.00	$0.28	$0.09
Adjusted Weighted Average Basic Shares Outstanding	15.29M	15.29M	15.72M	15.74M	15.74M	15.74M	15.83M	15.83M	15.83M	15.83M
Adjusted Diluted Earnings per Share	$0.02	$0.10	$0.24	$0.46	$0.54	$0.62	$0.40	$0.99	$0.28	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	15.45M	15.40M	15.89M	15.91M	15.93M	15.87M	15.98M	15.98M	15.99M	15.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.29M	15.72M	15.74M	15.74M	15.75M	15.80M	15.83M	15.83M	15.83M	15.87M
Normalized Net Operating Profit after Tax (NOPAT)	1.20	2.90	4.09	7.56	8.81	10	6.73	4.03	4.27	1.06
Normalized NOPAT Margin	4.80%	10.19%	12.44%	17.10%	17.67%	18.97%	16.95%	12.41%	12.79%	3.72%
Pre Tax Income Margin	4.26%	10.92%	14.25%	21.72%	22.02%	23.89%	19.48%	16.72%	16.78%	6.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	486.32	0.00	120.87	0.00	0.00	0.00	220.12	0.00	0.00	0.00
NOPAT to Interest Expense	590.50	0.00	108.18	0.00	0.00	0.00	200.77	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-74.37	0.00	84.77	0.00	0.00	0.00	204.26	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	29.81	0.00	72.09	0.00	0.00	0.00	184.90	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	114.39%	106.88%	78.80%	44.98%	24.89%	18.55%	17.63%	14.40%	17.10%	23.14%
Augmented Payout Ratio	114.39%	106.88%	78.80%	44.98%	24.89%	18.55%	17.63%	14.40%	17.10%	23.14%

Frequently Asked Questions About Consolidated Water's Financials

When does Consolidated Water's financial year end?

According to the most recent income statement we have on file, Consolidated Water's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Consolidated Water's net income changed over the last 2 years?

Consolidated Water's net income appears to be on an upward trend, with a most recent value of $28.24 million in 2024, rising from $5.86 million in 2022. The previous period was $29.59 million in 2023.

What is Consolidated Water's operating income?

Consolidated Water's total operating income in 2024 was $18.28 million, based on the following breakdown:

Total Gross Profit: $45.62 million
Total Operating Expenses: $27.34 million

How has Consolidated Water revenue changed over the last 2 years?

Over the last 2 years, Consolidated Water's total revenue changed from $94.10 million in 2022 to $133.97 million in 2024, a change of 42.4%.

How much debt does Consolidated Water have?

Consolidated Water's total liabilities were at $28.00 million at the end of 2024, a 5.2% increase from 2023, and a 10.9% increase since 2022.

How much cash does Consolidated Water have?

In the past 2 years, Consolidated Water's cash and equivalents has ranged from $42.62 million in 2023 to $99.35 million in 2024, and is currently $99.35 million as of their latest financial filing in 2024.

How has Consolidated Water's book value per share changed over the last 2 years?

Over the last 2 years, Consolidated Water's book value per share changed from 10.44 in 2022 to 13.26 in 2024, a change of 27.0%.

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This page (NASDAQ:CWCO) was last updated on 5/7/2025 by MarketBeat.com Staff

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Consolidated Water (CWCO) Financials

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Consolidated Water (CWCO) Financials

Annual Income Statements for Consolidated Water

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