Consolidated Water Co. Ltd.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a CWCO research report →
Price Chart
About the company
Consolidated Water Co. Ltd. (CWCO) is a specialist in providing comprehensive water solutions, primarily engaged in developing, constructing, overseeing, and operating water production and treatment facilities.
- CEO
- Frederick W. McTaggart
- IPO
- 1995
- Employees
- 293
- HQ
- Grand Cayman, GT, KY
Get TickerSpark's AI analysis on CWCO
Create an account to generate AI analysis on any ticker — technical setup, analyst consensus, earnings watch, insider pulse, financial health, and peer context. Ready in about a minute.
Get Pro Access →Already have an account? Log in
Similar companies
Peers in the same neighborhood.
- Market Cap
- $474.57M
- P/E
- 29.08
- Fwd P/E
- 32.59
- PEG
- 9.60
- P/S
- 3.72
- P/B
- 2.10
- EV/EBITDA
- 16.02
- Div Yield
- 1.89%
- Gross Margin
- 35.26%
- Op Margin
- 12.23%
- Net Margin
- 12.88%
- ROE
- 7.38%
- ROIC
- 6.08%
Latest fiscal year · YoY change
- Revenue
- $132.07M-1.4%
- Gross Profit
- $47.57M+4.3%
- Op Income
- $18.26M
- Net Income
- $18.34M-35.1%
- EPS
- $1.15-35.4%
- OCF Growth
- +14.2%
- FCF Growth
- +11.2%
- 52W High
- $39.12
- 52W Low
- $28.17
- 50D MA
- $29.68
- 200D MA
- $33.20
- Beta
- 0.52
- RSI (14)
- 47
- Avg Volume
- 97.94K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Consolidated Water said Q2 revenue slipped 2% as manufacturing weakened, but retail, bulk and services grew and management highlighted new long-term catalysts in Cayman, Hawaii and Florida.· August 11, 2026
- Revenue was $32.9 million, down 2% year over year, as manufacturing fell sharply while retail, bulk and services partially offset the decline.
- Gross profit was $11.0 million, or 33% of revenue, versus $12.8 million, or 38%, a year ago, mainly due to weaker manufacturing profit and a less favorable services mix.
- Retail benefited from a higher base rate for a major non-potable customer after a concession ended, while Grand Cayman water volume fell about 2% because of wetter weather.
- Bulk revenue rose 20% and bulk gross profit rose 27% on higher energy pass-through charges and contributions from two Cat Island desalination plants.
- Management sees 2026 manufacturing revenue below 2025, but expects improvement ahead from backlog and a strong Florida municipal pipeline, plus future upside from Hawaii if permitting clears.
Second-quarter 2026 revenue was $32.9 million, down 2% year over year. Gross profit was $11.0 million, or 33% of revenue, versus $12.8 million, or 38% in the prior-year quarter. Net income from continuing operations attributable to stockholders was $4.0 million, or $0.25 per diluted share, versus $5.2 million, or $0.32 per diluted share a year ago; including discontinued operations, net income was $3.9 million, or $0.24 per diluted share, versus $5.1 million, or $0.32 per diluted share. Retail revenue was $8.7 million; bulk revenue was $9.9 million, up 20%; services revenue was $11.6 million, up 1%; and manufacturing revenue was $2.7 million, down 49%. Cash and cash equivalents were $132.6 million, working capital was $144.6 million, and stockholders’ equity attributable to Consolidated Water was $225.6 million, with no significant debt. Management said full-year 2026 manufacturing revenue is expected to be below 2025 levels, and it expects the Florida municipal order activity and backlog to support a stronger 2027 outlook.
Rick McTaggart’s tone was constructive and cautiously optimistic. He emphasized that Cayman retail now has a new 25-year license, giving long-term regulatory clarity and preserving the exclusive right to produce and distribute potable water in the licensed area. He also pointed to strong Cayman tourism, expected lower rainfall, the Cat Island plants, the Hawaii project’s limited notice to proceed, and the recent $10.1 million Florida equipment orders as evidence of multiple growth drivers.
Doug Vizzini focused on the quarter’s mix-driven margin pressure and balance sheet strength. He said gross profit fell to $11.0 million from $12.8 million, with margin at 33% versus 38%, primarily because manufacturing gross profit was lower and Services had a different revenue mix. He noted cash of $132.6 million, working capital of $144.6 million, no significant debt, delinquent Bahamas receivables of $18.8 million, and about $4.8 million of remaining 2026 capex needs, plus approximately $2.3 million in dividends paid in July. He also said the company continues to evaluate how best to use its strong cash position to increase shareholder value.
Analysts pressed for detail on Hawaii permitting, asking whether an archaeological permit was the final gate; management said it is not the last permit, but it is a prerequisite for some other permits and is currently blocking certain applications. McTaggart said they are working with regulators to speed the process without adding delays, and the company remains cautiously optimistic construction can start later this year. Questions also focused on manufacturing and O&M; management said Florida is very busy for municipal membrane projects, but they are also looking at the West Coast and Texas, while noting O&M opportunities in California are larger and more competitive than before, with many engineering firms now bidding.
The positive case is that several businesses are growing or stabilizing at once: Cayman retail has long-term regulatory clarity, bulk remains a recurring revenue source, and Services has new contracts and projects underway. Management also cited strong Florida demand, a record-sized $10.1 million municipal order, and a potentially meaningful Hawaii project once permits are resolved.
The main downside is that manufacturing revenue fell 49% in the quarter, and management expects full-year 2026 manufacturing to remain below 2025’s record level. Hawaii still faces permitting hurdles, Services O&M revenue declined after two contracts expired, and management acknowledged that large California O&M opportunities are attractive but highly competitive and harder to win.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 94.1%
- Shares Outstanding
- 16.00M
- Float Shares
- 15.06M
of shares held by institutions
176 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 1.43M | ▲ 59.79K |
| Vanguard Group Inc | 963.02K | ▼ 3.93K |
| Morgan Stanley | 903.91K | ▲ 22.25K |
| Altravue Capital, LLC | 680.62K | ▼ 30.45K |
| Vanguard Capital Management LLC | 670.03K | ▼ 11.63K |
| Tsp Capital Management Group, LLC | 479.20K | 0 |
| Jpmorgan Chase & Co | 465.85K | ▼ 31.17K |
| Geode Capital Management, LLC | 451.49K | ▲ 25.49K |
| State Street Corp | 333.84K | ▲ 1.67K |
| Renaissance Technologies LLC | 308.27K | ▲ 8.63K |
| Heartland Advisors Inc | 298.45K | ▼ 1.80K |
| Dimensional Fund Advisors LP | 297.91K | ▲ 4.31K |
Held by 150 ETFs
Biggest fund positions in CWCO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Apr 20, 26 | FLOWERS CLARENCE B. | other | 50,080 |
| Aug 17, 26 | FLOWERS CLARENCE B. | sell | 1,900 |
| Mar 25, 26 | JERRYBANDAN RAMJEET | other | 6,552 |
| Mar 25, 26 | Sasnett David | other | 6,713 |
| Mar 25, 26 | MCTAGGART FREDERICK W. | other | 14,713 |
| Mar 19, 26 | Giner Maria Elena | buy | 1,000 |
| Mar 19, 26 | Giner Maria Elena | buy | 2,310 |
| May 28, 25 | FLOWERS CLARENCE B. | other | 50,080 |
| Jan 2, 26 | AVERHOFF ARMANDO | other | 1,010 |
| Jan 2, 26 | Redding Todd | other | 870 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CWCO coverage
Recent articles, reports, and earnings notes.
No research on CWCO yet
For a full analyst-grade research report — grades, price targets, financials, chart analysis — generate one on demand.
Generate CWCO report →Consolidated Water Declares Fourth Quarter Cash Dividend
globenewswire.com · Aug 20
Consolidated Water: The Q2 Beat Does Not Change My Thesis
seekingalpha.com · Aug 12
CWCO Q2 Earnings Beat, Revenues Miss on Manufacturing Weakness
zacks.com · Aug 11
Consolidated Water Co. Ltd. (CWCO) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 11
Consolidated Water Q2 Earnings Call Highlights
marketbeat.com · Aug 11
Consolidated Water (CWCO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
zacks.com · Aug 10
Insights Into Consolidated Water (CWCO) Q2: Wall Street Projections for Key Metrics
zacks.com · Aug 5
Consolidated Water (CWCO) Increases Yet Falls Behind Market: What Investors Need to Know
zacks.com · Aug 3
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.