Filing Flows › Consolidated Water (CWCO) › Q3 2026 › vs Q2 2026
Consolidated Water (CWCO) Q3 2026 vs Q2 2026 (quarter over quarter)
Consolidated Water's revenue fell $1.9M (-6%) from $32.9M in Q2 2026 to $30.9M in Q3 2026. The biggest changes: Services revenue −$1.8M (-16%); Retail revenue −$449K (-5%); Bulk revenue +$204K (+2%). Gross margin 31.8% against 33.4% (-1.6 pts).
Consolidated Water, Q3 2026: revenue $30.9M (-12% year over year), operating margin 6.7%, net earnings $2.3M, operating cash flow $541K. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 33.4% | -1.6 pts |
| Operating margin | 6.7% | 11.4% | -4.6 pts |
| Net margin | 7.5% | 12.0% | -4.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Bulk revenue | $10.1M | $9.9M | $204K | +2% |
| Services revenue | $9.8M | $11.6M | −$1.8M | -16% |
| Retail revenue | $8.2M | $8.7M | −$449K | -5% |
| Manufacturing revenue | $2.8M | $2.7M | $122K | +5% |
| Revenue | $30.9M | $32.9M | −$1.9M | -6% |
| Gross profit | $9.8M | $11.0M | −$1.1M | -10% |
| Cost of revenue | $21.1M | $21.9M | −$802K | -4% |
| Other income, net | $515K | $625K | −$110K | -18% |
| Operating profit | $2.1M | $3.7M | −$1.7M | -44% |
| Operating expenses | $7.7M | $7.2M | $513K | +7% |
| Pre-tax earnings | $2.6M | $4.4M | −$1.8M | -40% |
| Net earnings | $2.3M | $3.9M | −$1.6M | -41% |
| Minority interests | $152K | $170K | −$19K | -11% |
| Income tax | $127K | $268K | −$140K | -52% |
| Operating cash sources | $4.5M | $6.1M | −$1.6M | -27% |
| Depreciation & amortization | $1.8M | $1.8M | −$26K | -1% |
| Share-based compensation | $395K | $392K | $3K | +0.8% |
| Working capital & other | $3.9M | −$5.9M | $9.9M | — |
| Operating cash flow | $541K | $12.0M | −$11.5M | -95% |
| Capital expenditures | $938K | $3.5M | −$2.6M | -73% |
| Negative free cash flow (OCF − capex) | $396K | −$8.5M | $8.9M | — |
Questions
How much did Consolidated Water's revenue grow quarter over quarter in Q3 2026?
Consolidated Water's revenue fell $1.9M (-6%) from $32.9M in Q2 2026 to $30.9M in Q3 2026.
What drove Consolidated Water's revenue change in Q3 2026?
Services revenue −$1.8M (-16%); Retail revenue −$449K (-5%); Bulk revenue +$204K (+2%).