Consolidated Water Co. Ltd. CWCO

Utilities SIC 4941 - Water Supply NAICS Utilities › Water, Sewage and Other Systems › Water Supply and Irrigation Systems derived Nasdaq

Through our subsidiaries and affiliate, we provide the following products and services to our customers in the Cayman Islands, The Bahamas, the United States and the British Virgin Islands:

● Retail Water Operations. We produce potable water from seawater utilizing reverse osmosis technology and supply this water to end-users, including residential, commercial and government customers in the Cayman Islands under an exclusive retail license issued by the Cayman Islands government to provide water in two of the three most populated areas on Grand Cayman. In 2025, our retail water operations generated approximately 26% of our consolidated revenue.

● Bulk Water Operations. We produce potable water from seawater utilizing reverse osmosis technology and supply this water to government-owned utilities in the Cayman Islands and The Bahamas. In 2025, our bulk water operations generated approximately 25% of our consolidated revenue.

Last close 27.79 2026-10-23
Market cap $445.0M 2026-06-30 share count
52-week range 27.05 - 39.12

Valuation FY2025 figures against the last close

P/S3.5x
P/E24.4x
P/FCF13.4x
EV/EBITDA12.7x
Dividend yield1.8%
Diluted EPS1.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $127.2M$114.6M$180.2M$94.1M$6.1M$17.5M$16.1M$65.7M$469.3K$57.9M
Cost of revenue $83.7M$88.3M$118.3M$63.7M$43.4M$45.9M$40.5M$39.0M$35.4M$33.6M
Gross profit $48.4M$45.6M$61.9M$30.4M$23.5M$26.8M$28.3M$26.7M$24.0M$24.3M
SG&A $30.1M$27.5M$24.8M$21.1M$18.4M$18.4M$17.0M$18.7M$18.7M$18.7M
Operating income $18.4M$18.3M$37.2M$9.3M$2.0M$8.3M$11.7M$8.0M$2.3M$2.1M
Interest expense $4.4K$101.8K$145.3K$46.5K$10.2K$9.7K$1.3K$8.4K$5.7K$104.0K
Pre-tax income $21.4M$20.7M$38.0M$9.7M$3.6M$9.4M$12.5M$10.7M$3.8M$2.2M
Income tax $2.2M$2.2M$6.8M$396.7K$448.0K$86.7K$66.6K$157.3K$889.0K$536.1K
Net income $18.3M$28.2M$29.6M$5.9M$875.6K$3.7M$12.2M$11.3M$6.1M$4.0M
EPS, basic 1.151.781.880.380.060.240.810.750.410.27
EPS, diluted 1.141.771.860.380.060.240.800.750.410.27
Shares, diluted (wtd. avg.) 16.0M15.9M15.9M15.4M15.3M15.2M15.1M15.1M15.0M14.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $123.8M$99.4M$42.6M$50.7M$40.4M$43.8M$42.1M$31.1M$45.5M$37.6M
Receivables $32.8M$39.6M$38.2M$27.0M$27.3M$21.5M$23.0M$22.5M$14.7M$16.5M
Inventory $3.7M$9.0M$6.0M$5.7M$2.5M$3.2M$3.3M$2.2M$1.6M$2.3M
Total current assets $169.6M$157.7M$112.7M$92.6M$77.1M$72.9M$73.2M$62.4M$66.7M$60.9M
Property, plant and equipment $55.2M$52.4M$55.9M$52.5M$52.9M$57.7M$61.2M$58.9M$49.7M$53.1M
Goodwill $12.9M$12.9M$12.9M$10.4M$10.4M$13.3M$13.3M$8.0M$8.0M$9.8M
Other intangibles $2.1M$2.7M$3.4M$2.8M$3.4M$4.1M$5.0M$1.9M$3.2M$5.2M
Total assets $257.6M$243.3M$218.4M$193.0M$176.4M$179.6M$192.0M$172.5M$165.5M$163.6M
Accounts payable $9.6M$9.1M$0$403.8K$2.8M$2.7M$3.5M$4.6M$3.5M—
Short-term debt $47.5K$126.3K$192.0K$115.0K$62.5K$42.2K$17.8K$0——
Total current liabilities $27.7M$24.9M$23.9M$22.7M$7.7M$6.9M$7.9M$7.9M$7.6M$6.7M
Long-term debt $26.0K$70.3K$191.2K$216.1K$152.0K$126.3K$61.1K$0—$490.0K
Total liabilities $30.9M$28.0M$26.6M$25.2M$10.7M$10.5M$14.1M$8.8M$9.5M$9.5M
Retained earnings $116.7M$106.9M$85.1M$61.2M$60.6M$64.9M$66.4M$59.3M$53.1M$51.6M
Total equity $221.7M$210.0M$191.8M$167.8M$165.7M$169.0M$178.0M$163.8M$156.0M$154.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $41.7M$36.5M$8.0M$21.3M$7.0M$17.3M$15.2M$9.0M$15.1M$7.8M
Depreciation and amortisation $6.9M$6.7M$6.6M$6.2M$6.0M$6.3M$5.5M$5.5M$5.7M$5.8M
Stock-based compensation $1.7M$1.4M$1.9M$1.4M$977.2K$1.2M$1.2M$850.1K$803.6K$521.0K
Capital expenditure $8.5M$6.7M$5.0M$7.5M$1.5M$1.7M$3.5M$16.2M$4.5M$3.5M
Investing cash flow -$8.4M$27.0M-$10.9M-$5.0M-$3.9M-$11.1M$1.5M-$17.4M-$2.9M-$2.8M
Financing cash flow -$9.0M-$6.7M-$5.5M-$6.3M-$5.9M-$5.2M-$5.1M-$5.8M-$4.3M-$10.6M
Dividends paid $7.9M$6.3M$5.5M$5.1M$5.2M$5.1M$5.1M$5.1M$4.5M$4.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-046528.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M 200M Revenue, FY2016: 57.9M Gross profit, FY2016: 24.3M Net income, FY2016: 4M Revenue, FY2017: 469.3K Gross profit, FY2017: 24M Net income, FY2017: 6.1M Revenue, FY2018: 65.7M Gross profit, FY2018: 26.7M Net income, FY2018: 11.3M Revenue, FY2019: 16.1M Gross profit, FY2019: 28.3M Net income, FY2019: 12.2M Revenue, FY2020: 17.5M Gross profit, FY2020: 26.8M Net income, FY2020: 3.7M Revenue, FY2021: 6.1M Gross profit, FY2021: 23.5M Net income, FY2021: 875.6K Revenue, FY2022: 94.1M Gross profit, FY2022: 30.4M Net income, FY2022: 5.9M Revenue, FY2023: 180.2M Gross profit, FY2023: 61.9M Net income, FY2023: 29.6M Revenue, FY2024: 114.6M Gross profit, FY2024: 45.6M Net income, FY2024: 28.2M Revenue, FY2025: 127.2M Gross profit, FY2025: 48.4M Net income, FY2025: 18.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $57.9M $469.3K $65.7M $16.1M $17.5M $6.1M $94.1M $180.2M $114.6M $127.2M
Gross profit $24.3M $24.0M $26.7M $28.3M $26.8M $23.5M $30.4M $61.9M $45.6M $48.4M
Net income $4.0M $6.1M $11.3M $12.2M $3.7M $875.6K $5.9M $29.6M $28.2M $18.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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