Filing Flows › Consolidated Water (CWCO) › Q3 2026 › vs Q3 2025
Consolidated Water (CWCO) Q3 2026 vs Q3 2025 (year over year)
Consolidated Water's revenue fell $4.2M (-12%) from $35.1M in Q3 2025 to $30.9M in Q3 2026. The biggest changes: Services revenue −$4.5M (-32%); Manufacturing revenue −$1.9M (-40%); Bulk revenue +$1.7M (+21%). Gross margin 31.8% against 36.9% (-5.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 36.9% | -5.1 pts |
| Operating margin | 6.7% | 16.4% | -9.7 pts |
| Net margin | 7.5% | 15.8% | -8.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Bulk revenue | $10.1M | $8.4M | $1.7M | +21% |
| Services revenue | $9.8M | $14.3M | −$4.5M | -32% |
| Retail revenue | $8.2M | $7.8M | $441K | +6% |
| Manufacturing revenue | $2.8M | $4.7M | −$1.9M | -40% |
| Revenue | $30.9M | $35.1M | −$4.2M | -12% |
| Gross profit | $9.8M | $12.9M | −$3.1M | -24% |
| Cost of revenue | $21.1M | $22.2M | −$1.1M | -5% |
| Other income, net | $515K | $774K | −$259K | -33% |
| Operating profit | $2.1M | $5.8M | −$3.7M | -64% |
| Operating expenses | $7.7M | $7.2M | $547K | +8% |
| Pre-tax earnings | $2.6M | $6.5M | −$3.9M | -60% |
| Net earnings | $2.3M | $5.5M | −$3.2M | -58% |
| Minority interests | $152K | $176K | −$24K | -14% |
| Income tax | $127K | $827K | −$700K | -85% |
| Operating cash sources | $4.5M | $7.8M | −$3.3M | -43% |
| Depreciation & amortization | $1.8M | $1.8M | −$11K | -0.6% |
| Share-based compensation | $395K | $483K | −$88K | -18% |
| Working capital & other | $3.9M | −$7.6M | $11.6M | — |
| Operating cash flow | $541K | $15.4M | −$14.9M | -96% |
| Capital expenditures | $938K | $1.9M | −$989K | -51% |
| Negative free cash flow (OCF − capex) | $396K | −$13.5M | $13.9M | — |
Questions
How much did Consolidated Water's revenue grow year over year in Q3 2026?
Consolidated Water's revenue fell $4.2M (-12%) from $35.1M in Q3 2025 to $30.9M in Q3 2026.
What drove Consolidated Water's revenue change in Q3 2026?
Services revenue −$4.5M (-32%); Manufacturing revenue −$1.9M (-40%); Bulk revenue +$1.7M (+21%).