Filing Flows › Consolidated Water (CWCO) › Q2 2025
Consolidated Water (CWCO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Consolidated Water (CWCO) reported revenue of $33.6M for the second quarter 2025 (Q2 2025), +3% from a year earlier and -0.4% from the quarter before. Operating margin was 15.7%, net earnings $5.1M (15.2% of revenue).
Consolidated Water, Q2 2025: revenue $33.6M (+3% year over year), operating margin 15.7%, net earnings $5.1M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.6M | -0.4% | +3% |
| Gross profit | $12.8M | +4% | +10% |
| Operating profit | $5.3M | +15% | +5% |
| Net earnings | $5.1M | +6% | -68% |
| Operating cash flow | $8.8M | -25% | -58% |
| Free cash flow | $6.1M | -40% | -69% |
What changed
Revenue was $33.6M in Q2 2025, up 3% year over year and roughly flat from the previous quarter. Services revenue was the largest line at 34% of revenue. Manufacturing revenue added $1.3M year over year (up 33%), 117% of the total change. Services revenue declined 4%.
Gross margin was 38.2%, up 2.4 points from a year earlier. Operating profit was $5.3M, a 15.7% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 15% margin then. Operating expenses grew 14% against revenue growth of 3%. Net earnings were $5.1M, down 68% year over year. The effective tax rate was 13.2%.
Operating cash flow was $8.8M (down 58% year over year), 168% of net income including minority interests. Non-cash charges added back $1.7M of depreciation and amortization and $396K of share-based compensation. Working capital and other items added $1.4M. Capital expenditures of $2.6M left free cash flow of $6.1M.
Questions
What was Consolidated Water's revenue in the second quarter 2025?
Consolidated Water (CWCO) reported revenue of $33.6M for the second quarter 2025 (Q2 2025), +3% from a year earlier and -0.4% from the quarter before.
Was Consolidated Water profitable in the second quarter 2025?
Operating profit was $5.3M (15.7% of revenue) and net earnings $5.1M.
Source: Consolidated Water 10-Q on SEC EDGAR.