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Consolidated Water vs Artesian Resources: CWCO and ARTNA compared
Consolidated Water is the larger company: $32.9M of revenue in its latest quarter (Q2 2026) against $30.7M for Artesian Resources (Q2 2026). Artesian Resources is growing faster (+7% against -2% a year earlier). Artesian Resources is more profitable, with an operating margin of 28.1% against 11.4%.
Where the money goes: CWCO and ARTNA
Consolidated Water (CWCO) · Q2 2026
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 follows the revenue to costs, profit and cash.
Artesian Resources (ARTNA) · Q2 2026
Artesian Resources, Q2 2026: revenue $30.7M (+7% year over year), operating margin 28.1%, net earnings $6.6M, operating cash flow $10.2M. The chart follows the revenue to costs, profit and cash.
| Consolidated Water (CWCO) | Artesian Resources (ARTNA) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $32.9M | $30.7M |
| Revenue growth, Y/Y | -2% | +7% |
| Gross margin | 33.4% | — |
| Operating margin | 11.4% | 28.1% |
| Net earnings | $3.9M | $6.6M |
| Net margin | 12.0% | 21.4% |
| Operating cash flow | $12.0M | $10.2M |
| Free cash flow | $8.5M | — |
Where the revenue comes from
Consolidated Water
- Services revenue: $11.6M (35%)
- Bulk revenue: $9.9M (30%)
- Retail revenue: $8.7M (26%)
- Manufacturing revenue: $2.7M (8%)
Artesian Resources
- Water Sales: $24.4M (80%)
- Other Utility Operating Revenue: $4.2M (14%)
- Non Utility Operating Revenue: $2.0M (7%)
Questions
Which is bigger, Consolidated Water or Artesian Resources?
Consolidated Water is the larger company: $32.9M of revenue in its latest quarter (Q2 2026) against $30.7M for Artesian Resources (Q2 2026).
Is Consolidated Water or Artesian Resources growing faster?
Artesian Resources is growing faster (+7% against -2% a year earlier).
Which is more profitable, Consolidated Water or Artesian Resources?
Artesian Resources is more profitable, with an operating margin of 28.1% against 11.4%.
More: Consolidated Water earnings · how Consolidated Water makes money · Artesian Resources earnings · how Artesian Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.