Filing Flows › Consolidated Water (CWCO) › Q2 2026 › vs Q1 2026
Consolidated Water (CWCO) Q2 2026 vs Q1 2026 (quarter over quarter)
Consolidated Water's revenue rose $2.9M (+10%) from $30.0M in Q1 2026 to $32.9M in Q2 2026. The biggest changes: Manufacturing revenue +$1.3M (+92%); Bulk revenue +$1.2M (+14%); Services revenue +$334K (+3%). Gross margin 33.4% against 36.4% (-3.1 pts).
Consolidated Water, Q2 2026: revenue $32.9M (-2% year over year), operating margin 11.4%, net earnings $3.9M, operating cash flow $12.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.4% | 36.4% | -3.1 pts |
| Operating margin | 11.4% | 11.5% | -0.1 pts |
| Net margin | 12.0% | 12.6% | -0.6 pts |
| Free cash flow margin | 25.9% | 16.2% | +9.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Services revenue | $11.6M | $11.3M | $334K | +3% |
| Bulk revenue | $9.9M | $8.7M | $1.2M | +14% |
| Retail revenue | $8.7M | $8.6M | $84K | +1% |
| Manufacturing revenue | $2.7M | $1.4M | $1.3M | +92% |
| Revenue | $32.9M | $30.0M | $2.9M | +10% |
| Gross profit | $11.0M | $10.9M | $47K | +0.4% |
| Cost of revenue | $21.9M | $19.1M | $2.8M | +15% |
| Other income, net | $625K | $697K | −$71K | -10% |
| Operating profit | $3.7M | $3.4M | $305K | +9% |
| Operating expenses | $7.2M | $7.5M | −$258K | -3% |
| Pre-tax earnings | $4.4M | $4.1M | $233K | +6% |
| Net earnings | $3.9M | $3.8M | $154K | +4% |
| Minority interests | $170K | $156K | $14K | +9% |
| Income tax | $268K | $203K | $65K | +32% |
| Depreciation & amortization | $1.8M | $1.8M | $24K | +1% |
| Share-based compensation | $392K | $396K | −$4K | -1% |
| Working capital & other | $5.9M | $616K | $5.3M | +863% |
| Operating cash flow | $12.0M | $6.5M | $5.5M | +84% |
| Free cash flow (OCF − capex) | $8.5M | $4.9M | $3.7M | +75% |
| Capital expenditures | $3.5M | $1.7M | $1.8M | +108% |
Questions
How much did Consolidated Water's revenue grow quarter over quarter in Q2 2026?
Consolidated Water's revenue rose $2.9M (+10%) from $30.0M in Q1 2026 to $32.9M in Q2 2026.
What drove Consolidated Water's revenue change in Q2 2026?
Manufacturing revenue +$1.3M (+92%); Bulk revenue +$1.2M (+14%); Services revenue +$334K (+3%).