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Consolidated Water (CWCO) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Consolidated Water (CWCO) Q2 2026 earnings results →
Q2 2026 Revenue down 2% year over year to $32.9M · 12¢ of every $1 of revenue kept as net profit · operating margin 11.4%
Consolidated Water made $32.9M in Q2 2026 (-2% Y/Y): Services revenue $11.6M, Bulk revenue $9.9M, Retail revenue $8.7M. Operating margin 11.4%, net earnings $3.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
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What changed this quarter
Revenue was $32.9M in Q2 2026, down 2% year over year and up 10% from the previous quarter. Services revenue was the largest line at 35% of revenue. Manufacturing revenue lost $2.5M year over year (down 49%), 352% of the total change.
Gross margin was 33.4%, down 4.8 points from Q2 2025. Operating profit was $3.7M, a 11.4% margin (down 4.3 points year over year). Operating expenses fell 4% while revenue fell 2%. Net earnings were $3.9M, down 23% year over year. The effective tax rate was 6.1%.
Operating cash flow was $12.0M (up 37% year over year), 293% of net income including minority interests. Non-cash charges added back $1.8M of depreciation and amortization and $392K of share-based compensation. Working capital and other items added $5.8M. Capital expenditures of $3.5M left free cash flow of $8.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $32.9M | -2% | 11.4% | $3.9M | $12.0M |
| Q1 2026 | 10-Q | May 11, 2026 | $30.0M | -11% | 11.5% | $3.8M | $6.5M |
| Q4 2025 | 10-K | Mar 16, 2026 | $29.6M | +4% | 9.1% | $2.9M | $5.8M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $35.1M | +5% | 16.4% | $5.5M | $15.4M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $33.6M | +3% | 15.7% | $5.1M | $8.8M |
| Q1 2025 | 10-Q | May 12, 2025 | $33.7M | -15% | 13.7% | $4.8M | $11.8M |
| Q4 2024 | 10-K | Mar 17, 2025 | $28.4M | -47% | 3.8% | $1.5M | −$742K |
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🔄Rotation against the market and its industry (RRG)interactive
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📈Investments: gains and what it boughtinteractive
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About Consolidated Water
Consolidated Water Co. Ltd. develops and operates advanced water treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment.
In its own words, from its 8-K, filed Aug 10, 2026.
Consolidated Water against its Water Supply peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -2% against the peers' median +5%. Operating margin: 11.4% against the peers' median 35.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CWCO Consolidated Water | Q2 2026 | $32.9M | -2% | 11.4% |
| AWK American Water Works Company | Q3 2026 | $1.5B | +4% | 42.5% |
| WTRG Essential Utilities | Q3 2026 | $508M | +7% | 37.9% |
| CWT California Water Service | Q3 2026 | $331M | +5% | 25.0% |
| HTO H2O America | Q3 2026 | $250M | +4% | 24.2% |
| AWR American States Water | Q3 2026 | $193M | +5% | 35.0% |
| MSEX Middlesex Water | Q3 2026 | $60.2M | +11% | 37.0% |
| ARTNA Artesian Resources | Q2 2026 | $30.7M | +7% | 28.1% |
| YORW York Water | Q3 2026 | $24.3M | +20% | 43.3% |
Source: Consolidated Water 10-Q on SEC EDGAR · CIK 928340 · Water Supply
More on CWCO
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results
- Consolidated Water gross margin by quarter
- Consolidated Water operating margin by quarter
- Consolidated Water net income by quarter
- Consolidated Water free cash flow by quarter
- Consolidated Water capital expenditures by quarter
- Consolidated Water Services revenue revenue by quarter
- Consolidated Water Bulk revenue revenue by quarter
- Consolidated Water Retail revenue revenue by quarter