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MARKETS / NASDAQ / CWCO
NASDAQ · WATER SUPPLY · MID CAP

Consolidated Water Co. Ltd. CWCO

17 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$132.1M
▼ 1.4% YoY
$18.3M
▼ 35.1% YoY
$33.2M
▲ 11.2% YoY
In brief

What this company does

Consolidated Water Co. Ltd. produces and sells potable water through the design, construction and operation of water infrastructure that employs reverse osmosis technology, designs, constructs, sells, operates and manages water production, treatment and reuse infrastructure for clients, fabricates specialized water-related equipment and products, and provides water-related management and consulting services. For fiscal year 2025, its retail water, bulk water, services and manufacturing segments generated approximately 26 percent, 25 percent, 35 percent and 14 percent, respectively, of its consolidated revenue. Cayman Water operates under an exclusive retail license granted by the Cayman Islands government to provide water to customers within a prescribed service area on Grand Cayman that includes the Seven Mile Beach and West Bay areas, two of the three most populated areas in the Cayman Islands. Its bulk water operations supply water to government-owned utilities in the Cayman Islands and The Bahamas. Its services operations include design, engineering and construction services for desalination infrastructure projects, provided through DesalCo, an original equipment manufacturer of seawater reverse osmosis desalination plants. Its manufacturing operations consist of Aerex, an original equipment manufacturer and service provider of specialized and custom products applicable to desalination, municipal water treatment and industrial water and wastewater treatment. As of March 9, 2026, it employed a total of 293 persons: 65 in the Cayman Islands, 206 in the United States, 20 in The Bahamas and two in The Netherlands.

Written from the business description in Consolidated Water Co. Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 16 March 2026. Every sentence was checked against that document before publication.

Growth
USD 132.1M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 132.1 · Net income 18.3
80M160M200920112013201520172019202120232025
Compound annual growth
+12.0%
+12.7%
+8.7%
+6.6%
+46.3%
+37.6%
+9.3%
+7.4%
+44.2%
+36.6%
+8.4%
+6.7%
+15.9%
+9.3%
+5.9%
+3.9%
+15.5%
+9.1%
+6.0%
+4.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.7% a year over five years — but profit grew faster: net income at +37.6%, earnings per share at +36.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
14 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.9% · Net 14.3%
10%20%200920112013201520172019202120232025
ROE
FY2025 · ROE 8.5%
5%10%15%200920112013201520172019202120232025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
USD 7.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 33.2
20.0M-2.5M-5.0M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 7.9 · Net buybacks —
4M200920112013201520172019202120232025

USD 7.9M in dividends — 43% of the year's profit went back to shareholders.

Total assetsUSD 257.6M
EquityUSD 221.7M
CashUSD 123.8M
Gross debtUSD 73,503.00
Net debtUSD -123.7M
Current ratio6.12×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.20.10.10.10.10.10.10.10.10.10.10.10.10.10.1
Operating income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EBITDA $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0·
Income tax $B0.00.00.00.0−0.00.00.0−0.0−0.0−0.00.00.0·····
Net income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.00.00.00.00.00.00.0−0.00.00.00.00.00.00.0−0.00.00.0
EPS, diluted $1.141.771.860.380.060.240.800.750.410.270.510.420.580.640.420.430.42
Dividend / sh $0.530.410.360.340.340.340.340.340.310.300.300.300.300.300.300.300.28
Payout %4322188858813842457311259705148796982
ROE %8.514.217.13.70.52.37.67.54.22.75.34.56.37.14.85.0·
Shares out B·0.020.020.020.020.020.020.010.010.010.01····0.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWater Supply
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2009

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