Consolidated Water Co. (CWCO) Financial Statements & Analysis

Consolidated Water Co. (CWCO) Income Statement

Consolidated Water Co. reported revenue of $132.07M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 1.4% from $133.97M a year earlier. Net income was $18.34M, down 35.1% year over year, a net margin of 13.9%. Gross margin was 36.6% and operating margin 13.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $32.87M, down 2.1% from the same quarter a year earlier.

Consolidated Water Co. Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Consolidated Water Co. Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	132.07	133.97	180.21	94.10	66.86	72.63	72.63	68.79	65.72	62.31
Cost of Revenue	83.69	88.34	118.28	63.75	43.36	45.86	-	40.52	38.98	36.87
Gross Profit	48.38	45.62	61.93	30.36	23.51	26.77	-	28.27	26.74	25.43
Operating Expenses
Research & Development	0.00	0.00	0.58	0.40	0.00	0.00	-	0.00	0.00	0.00
Selling, General & Administrative	29.30	26.67	23.99	20.32	17.46	17.41	-	16.02	17.18	17.15
Operating Expenses	30.12	27.54	24.76	21.08	18.35	18.42	-	16.56	18.77	21.72
Operating Income	18.26	18.28	37.17	9.28	2.01	8.35	-	11.72	7.98	2.28
Other Income/Expense
Interest Income	2.67	2.36	0.70	0.45	0.68	0.54	-	0.59	0.66	0.38
Interest Expense	0.00	0.10	0.15	0.05	0.01	0.01	-	0.00	0.01	0.01
Other Income/Expense	0.46	2.39	0.83	0.45	1.62	1.08	-	0.79	2.74	1.53
Income
Income Before Tax	21.39	20.68	38.00	9.74	3.63	9.43	9.43	12.50	10.72	4.84
Income Tax Expense	2.16	2.22	6.75	0.40	-0.45	0.09	0.09	0.07	-0.16	-0.89
Net Income	18.34	28.24	29.59	5.86	0.88	3.71	3.71	12.18	11.29	6.14
Net Income - Continuous Operations	19.22	18.46	29.59	5.86	4.08	3.71	-	12.18	11.29	6.14
Net Income - Discontinued Operations	-0.29	10.36	-1.09	-2.37	-2.57	-	-	-	-	-
EBITDA	29.01	24.78	44.72	15.97	11.90	16.85	15.56	19.71	15.31	10.92
EBIT	21.39	18.09	37.17	9.28	5.16	-	8.33	-	-	-
Depreciation & Amortization	0.81	6.69	6.58	6.19	6.74	7.41	7.23	7.20	7.03	7.29
Earnings Per Share
Basic EPS	1.00	2.00	2.00	-	-	1.00	-	1.00	1.00	-
Diluted EPS	1.00	2.00	2.00	-	-	1.00	-	1.00	1.00	-
Basic Shares Outstanding	15.92	15.83	15.74	15.29	15.21	15.12	15.12	15.03	14.96	14.90
Diluted Shares Outstanding	16.01	15.94	15.87	15.40	15.31	15.22	15.22	15.14	15.07	15.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Consolidated Water Co. Financial Statements

What was Consolidated Water Co.'s revenue in fiscal 2025?

Consolidated Water Co. reported revenue of $132.07M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 1.4% from $133.97M a year earlier.

Is Consolidated Water Co. profitable?

Yes. Consolidated Water Co. earned net income of $18.34M in fiscal 2025, a net margin of 13.9%. In fiscal 2024 it earned $28.24M.

What is Consolidated Water Co.'s operating margin?

Consolidated Water Co.'s operating income was $18.26M on revenue of $132.07M in fiscal 2025, an operating margin of 13.8%, compared with 13.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition