Cadiz Inc. (CDZI)
Compare with another name Open in your desk ↗
Cadiz Inc. (CDZI) reported revenue of $979,000 for Q2 FY2026, the quarter ended 30 June 2026, down 76.3% on the same quarter a year earlier. Net income was -$11 million, and diluted earnings per share $-0.15. The figures are the company's own, from the 10-Q it filed with the SEC on 13 August 2026.
Revenue$979,000down 76.3%
Net income-$11 million
Diluted EPS$-0.15
QuarterQ2 FY2026ended 30 June 2026
Cadiz (CDZI) in brief
Cadiz (CDZI) reported revenue of $16 million for fiscal 2025, the year ended 31 December 2025, up 69.8% on the year before.
Read more
Net loss was $34 million and the diluted loss per share $0.48. Revenue was $10 million in fiscal 2024, $2 million in fiscal 2023, $2 million in fiscal 2022 and $1 million in fiscal 2021. Net income in the same years was a loss of $31 million, a loss of $31 million, a loss of $25 million and a loss of $31 million. Over the twelve months to 30 June 2026, Cadiz reported revenue of $12 million and net loss of $37 million. Revenue grew 97.6% a year, compounded, over the five years to fiscal 2025. Cadiz had 84 million shares outstanding at the latest filed count. At the close of 30 October 2026 the market cap of Cadiz was $384 million.Ratios
From the filings
ROE-789.7%
ROCE-30.5%
Operating margin-236.1%
Net margin-311.0%
FCF margin-263.6%
Interest cover-2.81
Debt to equity18.65
Cash conversionn/a
Share count, last 12 months2.8%
Sales CAGR, 3 years121.5%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.50
At the close of 30 October 2026
Price$4.56
Market cap$384 million
Stock P/En/a
Price to book82.27
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales32.40
52-week high$6.92
52-week low$2.98
Price, 1 year-13.6%
Price CAGR, 3 years14.6%
Price CAGR, 5 years-5.6%
Worked from the filed figures; hover a name for the formula.
Read more
The priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Cadiz Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.CDZIgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read more
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.The public record on CDZI
| Dividends | $5.1 million paid in cash dividends in FY2025 |
| Filings | 17 in twelve months: 7 current reports (8-K), about 3 regulation FD disclosure; 2 material agreement; 2 other events; 2 officer or director change; 1 charter or bylaw amendment, or fiscal year change |
| Planned insider sales | no Form 144 notice in twelve months |
| Options tape | put/call 0.11 by open interest at the 30 October 2026 close; the straddle prices a 19.6% move to 20 November 2026 |
| 13F holders | 115 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc. |
| Insider trading | 1 sale and 1 purchase on Form 4 in twelve months |
| Congress | 0 House trades disclosed in six months |
| Short interest | 13.3 million shares short, 8.97 days to cover at 15 October 2026 |
| Documents | the 10-K, the 10-Qs, the proxy and 0 earnings press releases, each linked |
Quarterly results, the last 20 quarters
| Q3 FY2021 | Q4 FY2021 * | Q1 FY2022 | Q2 FY2022 | Q3 FY2022 | Q4 FY2022 * | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.1 | 0.1 | 0.1 | 0.2 | 0.6 | 0.6 | 0.1 | 0.8 | 0.4 | 0.7 | 1.1 | 0.5 | 3.2 | 4.8 | 3.0 | 4.1 | 4.1 | 5.1 | 1.6 | 1.0 |
| Cost of revenue | 0.0 | n/a | n/a | 0.0 | 1.2 | n/a | 0.0 | 0.8 | 0.7 | 1.4 | 1.0 | 0.9 | 2.4 | 3.0 | 2.1 | 2.7 | 3.0 | 3.4 | 1.2 | 1.0 |
| Gross profit | 0.1 | n/a | n/a | 0.2 | -0.6 | n/a | 0.1 | 0.0 | -0.3 | -0.7 | 0.1 | -0.3 | 0.8 | 1.7 | 0.9 | 1.5 | 1.1 | 1.7 | 0.4 | -0.0 |
| Gross margin | 100% | n/a | n/a | 100% | -94% | n/a | 83% | 5% | -88% | -105% | 10% | -66% | 25% | 36% | 30% | 35% | 27% | 33% | 26% | -2% |
| Operating income | -4.2 | -3.8 | -3.8 | -3.4 | -4.4 | -4.9 | -4.2 | -5.6 | -5.8 | -5.4 | -4.9 | -6.9 | -4.8 | -6.6 | -7.5 | -5.8 | -4.9 | -7.4 | -6.8 | -8.8 |
| Operating margin | -2935% | -2684% | -2665% | -1834% | -742% | -859% | -3194% | -690% | -1565% | -796% | -438% | -1355% | -148% | -139% | -255% | -140% | -118% | -145% | -419% | -902% |
| Interest expense | 2.0 | 2.0 | 2.0 | 2.1 | 2.1 | 2.1 | 1.5 | 1.3 | 1.2 | 0.9 | 1.9 | 1.9 | 2.0 | 2.0 | 2.1 | 2.0 | 2.2 | 2.4 | 2.5 | 2.9 |
| Pre-tax income | -7.6 | -5.8 | -5.8 | -5.4 | -6.5 | -7.1 | -10.7 | -7.1 | -6.9 | -6.8 | -6.8 | -8.9 | -6.8 | -8.6 | -9.6 | -7.7 | -7.1 | -9.8 | -8.6 | -11.4 |
| Net income | -7.8 | -5.9 | -5.9 | -5.5 | -6.5 | -6.9 | -10.7 | -7.1 | -6.9 | -6.8 | -6.8 | -8.9 | -6.8 | -8.6 | -9.6 | -7.7 | -7.1 | -9.8 | -8.6 | -11.4 |
| Net margin | -5520% | -4158% | -4163% | -2964% | -1093% | -1192% | -8224% | -873% | -1885% | -988% | -611% | -1729% | -211% | -182% | -325% | -187% | -170% | -192% | -529% | -1162% |
| Diluted EPS | -$0.22 | -$0.16 | -$0.16 basic | -$0.13 basic | -$0.15 basic | -$0.16 | -$0.19 basic | -$0.13 basic | -$0.12 basic | -$0.12 | -$0.12 basic | -$0.15 basic | -$0.12 basic | -$0.14 | -$0.14 basic | -$0.11 basic | -$0.10 basic | -$0.13 | -$0.12 basic | -$0.15 basic |
| Operating cash flow | -3.6 | -5.6 | -3.2 | -4.3 | -5.8 | -5.2 | -4.1 | -5.8 | -5.5 | -5.5 | -2.9 | -7.1 | -5.4 | -6.2 | -3.6 | -1.4 | -7.0 | -6.9 | -5.5 | -6.6 |
| Capital expenditure | 0.9 | 1.8 | 0.5 | 1.2 | 0.7 | 0.9 | 2.2 | 1.0 | 0.6 | 2.0 | 0.2 | 0.3 | 0.1 | 0.4 | 1.3 | 4.5 | 0.5 | 1.3 | 0.2 | 3.1 |
| Free cash flow | -4.6 | -7.4 | -3.8 | -5.5 | -6.5 | -6.2 | -6.3 | -6.8 | -6.1 | -7.5 | -3.1 | -7.3 | -5.4 | -6.6 | -4.9 | -5.9 | -7.5 | -8.2 | -5.8 | -9.8 |
| Dividends paid | 0.0 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 |
| Shares outstanding | 43m | 44m | 51m | 51m | 51m | 56m | 67m | 67m | 67m | 67m | 67m | 68m | 68m | 75m | 82m | 82m | 82m | 83m | 84m | 84m |
| Filing | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
Read more
* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.Income statement (profit and loss), 17 fiscal years and the trailing twelve months
Play it forward: change any box and its column follows; every box opens at the company's own record, shown under the row's name, and says when you set it outside every year in the table.
Read more
Each column runs from the last twelve months as filed to the year chosen in its heading, at a yearly rate. Sales growth starts at the company's own five-year rate and eases a third of the way each year toward the median of the 86 peers in Utilities (7.3% a year), because a rate far from the rest rarely lasts. Before you open a year, the strip reads today's price backwards: the yearly sales growth that brings EPS, at the company's own margins, tax and share count, to today's price at the median P/E of the 83 peers in Utilities (20.6). Low, middle, high opens three columns for one year: the low and high cases take the company's own weaker and stronger years in the table (the lower and upper quarter of its yearly sales growth and operating margin) and the lower and higher of today's P/E and its peers'; the middle is the boxes as they open. Net income keeps the share that went to minority holders; EPS is net income over the diluted shares, on the same basis as the EPS in the table. The price is that year's EPS at the P/E you set, and the yearly return runs from today's price to the year's end. These are your assumptions and your arithmetic, not an estimate of ours. The link carries your columns, so you can send the forecast to someone.| FY2009 | FY2010 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 † | FY2016 | FY2017 | FY2018 † | FY2019 | FY2020 † | FY2021 | FY2022 † | FY2023 | FY2024 | FY2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.8 | 1.0 | 1.0 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 1.5 | 2.0 | 9.6 | 16.3 | 11.8 |
| Cost of revenue | 1.1 | 0.9 | 1.4 | 0.5 | 0.6 | 0.4 | 0.3 | n/a | n/a | n/a | n/a | n/a | 0.0 | 2.1 | 2.9 | 7.3 | 11.2 | 8.6 |
| Gross profit | -0.3 | 0.1 | -0.4 | -0.2 | -0.2 | -0.0 | -0.0 | n/a | n/a | n/a | n/a | n/a | 0.6 | -0.6 | -0.9 | 2.3 | 5.2 | 3.2 |
| Gross margin | -36.4% | 9.4% | -41.4% | -43.9% | -50.5% | -6.2% | -9.9% | n/a | n/a | n/a | n/a | n/a | 100.0% | -37.7% | -45.0% | 24.0% | 31.6% | 27.1% |
| Operating income | -10.1 | -11.0 | -11.2 | -13.1 | -14.0 | -10.4 | -14.0 | -9.2 | -12.6 | -11.2 | -12.0 | -11.8 | -17.5 | -16.6 | -20.9 | -23.2 | -25.6 | -28.0 |
| Operating margin | -1247.6% | -1080.1% | -1102.5% | -3609.9% | -4641.9% | -3083.0% | -4608.2% | -2235.4% | -2892.4% | -2550.0% | -2718.6% | -2172.6% | -3105.0% | -1103.4% | -1051.7% | -242.0% | -156.9% | -236.1% |
| Interest expense | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 17.8 | 15.3 | 17.1 | 11.5 | 11.4 | 8.3 | 4.9 | 7.9 | 8.6 | 9.9 |
| Pre-tax income | -14.4 | -15.9 | -16.8 | -19.9 | -22.7 | -18.9 | -24.0 | -26.3 | -33.9 | -26.3 | -29.0 | -35.6 | -30.3 | -24.8 | -31.4 | -31.1 | -34.1 | -36.8 |
| Income tax | 0.0 | 0.0 | 0.0 | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | n/a |
| Net income | -14.4 | -15.9 | -16.8 | -19.6 | -22.7 | -18.9 | -24.0 | -26.3 | -33.9 | -26.3 | -29.5 | -37.8 | -31.2 | -24.8 | -31.4 | -31.1 | -34.2 | -36.8 |
| Net margin | -1782.1% | -1554.2% | -1652.3% | -5407.2% | -7533.9% | -5619.3% | -7899.0% | -6393.0% | -7749.2% | -5971.1% | -6695.7% | -6990.2% | -5540.6% | -1651.7% | -1579.4% | -324.1% | -209.3% | -311.0% |
| Diluted EPS | -$1.13 | -$1.16 | -$1.20 | -$1.27 | -$1.46 | -$1.15 | -$1.35 | -$1.41 | -$1.50 | -$1.09 | -$1.11 | -$1.11 | -$0.84 | -$0.60 basic | -$0.56 basic | -$0.53 basic | -$0.48 basic | -$0.50 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
From each year's 10-K, linked; TTM is the last four quarters.
Read more
Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.Revenue by segment FY2024 to FY2025
| FY2024 | FY2025 | Share of the parts, latest year | |
|---|---|---|---|
| Water Treatment | 7.9 | 14.5 | 88.8% |
| Water and Land Resources | 1.7 | 1.8 | 11.2% |
Water TreatmentWater and Land Resources
$ million; hover a block for its figure and share
From the company's 10-Ks, in its own words (latest 10-K).
Read more
Each year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.Profit by segment FY2024 to FY2025
The operating profit each segment reports. Costs Cadiz does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.
| FY2024 | FY2025 | Margin FY2025 | |
|---|---|---|---|
| Water Treatment | 1.7 | 2.5 | 17.2% |
| Water and Land Resources | -25.0 | -28.1 | n/a |
Water TreatmentWater and Land Resources
$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.
FY2025Share of salesShare of profit
Water Treatment89%100%
Water and Land Resources11%a loss
Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.
From the company's 10-Ks, in its own words (latest 10-K).
Read more
Each year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.Cash flow and capital returned
Follow the cash: free cash flow, which is operating cash flow less capital expenditure and share-based pay, for five years and after, in today's money.
Read more
The figure a share at the top is what a discounted cash flow calls intrinsic value, worked out on your assumptions. Everything after year five is one sum: the sixth year's cash, growing at the long-run rate every year after, added up and brought back to today's money. Each year runs from the last twelve months as filed. Sales growth opens where Play it forward does: the company's own five-year rate, easing a third of the way each year toward the median of the 86 peers in Utilities (7.3% a year); change a year and the years after it follow. Operating cash flow, capital expenditure and share-based pay open at the company's own median share of sales over its last five years, shown under each row. Share-based pay is taken off because operating cash flow adds back the shares paid to staff as if they cost nothing; set it to 0 to leave it in. Capital spending counts every capital line the company files in its cash flow, such as equipment it leases to customers, software, wells or property it develops, named under the row, while the Capital expenditure row in the table below stays the one line as filed; buying a business, securities or a finished property is not counted. The discount rate opens at 10%, about what US stocks have returned a year over the long run, so it is the return you give up by holding this company instead of the market; the growth after year five opens at 3%, a little under the US economy's long-run growth in dollars, because no company outgrows it for ever. Net debt is the debt and short-term borrowings less the cash on the latest balance sheet that shows the debt; the figure per share divides what is left by the diluted share count. These are your assumptions and your arithmetic, not an estimate of ours. The link carries them, so you can send them to someone.| FY2009 | FY2010 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 † | FY2016 | FY2017 | FY2018 † | FY2019 | FY2020 † | FY2021 | FY2022 † | FY2023 | FY2024 | FY2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -6.4 | -6.8 | -7.5 | -11.4 | -15.8 | -10.1 | -12.6 | -9.5 | -10.5 | -12.2 | -13.7 | -13.4 | -15.3 | -18.6 | -20.9 | -21.5 | -18.9 | -26.1 |
| Capital expenditure | 0.1 | 1.2 | 4.1 | 3.2 | 0.2 | 0.1 | 0.9 | n/a | 1.0 | 1.7 | 1.6 | 5.7 | 22.9 | 3.4 | 5.8 | 0.9 | 7.6 | 5.1 |
| Free cash flow | -6.5 | -7.9 | -11.7 | -14.6 | -15.9 | -10.2 | -13.5 | n/a | -11.5 | -13.9 | -15.3 | -19.2 | -38.2 | -22.0 | -26.7 | -22.5 | -26.5 | -31.2 |
| Free cash flow margin | -804.1% | -776.6% | -1143.7% | -4040.3% | -5293.7% | -3033.6% | -4432.2% | n/a | -2625.2% | -3163.4% | -3471.0% | -3541.0% | -6769.9% | -1464.0% | -1341.6% | -233.8% | -162.5% | -263.6% |
| Cash from investing | 4.4 | -1.2 | -4.1 | -3.3 | -0.2 | -0.1 | -0.9 | n/a | -1.0 | -3.7 | -2.5 | -9.8 | -23.5 | -4.1 | -5.8 | -1.2 | -12.6 | -5.1 |
| Cash from financing | 8.9 | 5.0 | 17.1 | 5.0 | 26.1 | 14.5 | -0.0 | 19.0 | 12.3 | 15.4 | 19.3 | 14.9 | 51.2 | 16.6 | 17.6 | 35.5 | 25.4 | 23.3 |
| Depreciation and amortisation | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | n/a | n/a | n/a | n/a | n/a | n/a |
| Share-based compensation | 2.3 | 4.0 | 2.4 | 0.4 | 0.5 | 1.1 | 1.1 | 1.3 | 2.3 | 0.5 | 0.6 | 2.1 | 4.7 | 1.9 | 1.5 | 4.6 | 5.3 | 4.3 |
| Dividends paid | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.0 | 1.4 | 5.1 | 5.1 | 5.1 | 5.1 | 5.1 |
| Diluted shares, weighted | 13m | 14m | 14m | 15m | 16m | 16m | 18m | 19m | 23m | 24m | 27m | 34m | n/a | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding at period end | n/a | 14m | 15m | 15m | 16m | 18m | 18m | 22m | 23m | 25m | 28m | 37m | 44m | 56m | 67m | 75m | 83m | 84m |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Cash paid in the year, from the cash flow statement.
Read more
The dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.Balance sheet at year end
| FY2009 | FY2010 | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 † | FY2016 | FY2017 | FY2018 † | FY2019 | FY2020 † | FY2021 | FY2022 † | FY2023 | FY2024 | FY2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funded by | ||||||||||||||||||
| Shareholders' equity | 11.2 | 0.9 | 1.9 | -16.8 | -36.5 | -39.7 | -56.5 | -54.3 | -78.7 | -86.2 | -82.1 | -25.3 | 40.6 | 34.2 | 40.0 | 34.0 | 23.3 | 4.7 |
| Debt | n/a | 44.4 | 52.0 | 63.3 | 98.9 | 106 | 116 | 125 | 147 | 155 | 138 | 79.0 | 50.2 | 50.3 | 38.4 | 60.6 | 78.3 | 87.0 |
| Operating lease liabilities | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 14.4 | 15.7 | 0.0 | 3.3 | 0.3 | 0.3 | 3.5 | 3.1 | 3.1 |
| Other liabilities | n/a | 3.6 | 4.0 | 4.0 | 1.8 | 1.7 | n/a | n/a | n/a | n/a | 5.2 | 20.7 | 18.5 | 26.0 | 28.6 | 36.4 | 36.2 | 40.0 |
| Total liabilities and equity | n/a | 48.9 | 58.0 | 50.5 | 64.2 | 68.2 | 54.8 | 67.1 | 66.5 | 69.3 | 76.7 | 74.4 | 112 | 111 | 107 | 134 | 141 | 135 |
| Owned | ||||||||||||||||||
| Fixed assets | n/a | 38.3 | 41.9 | 44.1 | 43.8 | 43.6 | 44.5 | 44.2 | 45.3 | 46.6 | 49.9 | 53.5 | 78.9 | 84.1 | 87.2 | 88.4 | 95.4 | 97.1 |
| Goodwill | n/a | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | 5.7 | 5.7 | 5.7 | 5.7 | 5.7 |
| Cash and equivalents | 8.9 | 5.9 | 11.4 | 1.7 | 11.9 | 16.2 | 2.7 | 12.2 | 13.0 | 12.6 | 15.7 | 7.3 | 11.0 | 10.0 | 4.5 | 17.3 | 8.6 | 5.3 |
| Receivables | n/a | 0.3 | 0.1 | 0.3 | 0.3 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.5 | 0.9 | 4.6 | 5.6 | 3.4 |
| Inventory | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.0 | 0.3 | 2.1 | 3.0 | 1.1 | 2.0 |
| Other assets | n/a | 0.6 | 0.8 | 0.7 | 4.4 | 4.3 | 3.6 | 6.9 | 4.4 | 6.3 | 7.2 | 9.7 | 18.6 | 10.2 | 6.9 | 15.5 | 24.5 | 21.3 |
| Total assets | n/a | 48.9 | 58.0 | 50.5 | 64.2 | 68.2 | 54.8 | 67.1 | 66.5 | 69.3 | 76.7 | 74.4 | 112 | 111 | 107 | 134 | 141 | 135 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | |
At the fiscal year end; the TTM column is the latest quarter end.
Read more
Both totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.Compounded growth
| 10 years | 5 years | 3 years | TTM | |
|---|---|---|---|---|
| Sales growth, compounded | 48.9% | 97.6% | 121.5% | -21.3% |
| Profit growth, compounded | n/a | n/a | n/a | n/a |
| Return on equity, average | n/a | -93.3% | -105.7% | -146.8% |
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read more
Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.Questions
What was Cadiz's revenue in fiscal 2025?
Cadiz (CDZI) reported revenue of $16 million for fiscal 2025, the year ended 31 December 2025, up 69.8% on the year before.
How much did Cadiz earn in fiscal 2025?
Net loss was $34 million for fiscal 2025, and the diluted loss per share $0.48.
What is Cadiz's market cap?
The market cap of Cadiz was $384 million at the close of 30 October 2026.
Peers: Utilities
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| American Water Works Company, Inc. AWK | $28.8 billion | 25.03 | 9.5% | 37.0% | 5.4% | 1.37 | 2.4% |
| Essential Utilities, Inc. WTRG | $12.4 billion | 22.21 | 7.9% | 35.1% | 9.9% | 1.21 | 4.3% |
| American States Water Co. AWR | $3.4 billion | 23.67 | 12.8% | 31.8% | 13.2% | 0.81 | 2.3% |
| California Water Service Group CWT | $3.0 billion | 21.64 | 7.2% | 19.4% | 4.8% | 0.86 | 2.7% |
| H2O America HTO | $2.9 billion | 23.42 | 4.8% | 20.7% | 4.2% | 0.95 | 2.9% |
| Middlesex Water Co. MSEX | $1.1 billion | 20.50 | 9.5% | 30.5% | 8.9% | 0.80 | 2.5% |
| York Water Co. YORW | $513 million | 19.64 | 8.1% | 36.6% | 9.4% | 0.64 | 2.9% |
| Consolidated Water Co. Ltd. CWCO | $431 million | 27.19 | 7.2% | 12.3% | -1.2% | 0.00 | 2.1% |
| Cadiz Inc. CDZI | $384 million | n/a | -789.7% | -236.1% | -21.3% | 18.65 | n/a |
| Artesian Resources Corp. ARTNA | $347 million | 14.73 | 9.2% | 25.0% | 5.9% | 0.72 | 3.7% |
| Pure Cycle Corp. PCYO | $258 million | 17.54 | 9.7% | 37.7% | 22.9% | 0.09 | n/a |
| Global Water Resources, Inc. GWRS | $223 million | 64.62 | 3.7% | 13.6% | 10.8% | 1.62 | 3.9% |
All 96 in Utilities
| Company | Market cap | P/E | ROE | Op. margin | Sales growth TTM | Debt to equity | Div. yield |
|---|---|---|---|---|---|---|---|
| NextEra Energy Inc. NEE | $175.6 billion | 15.09 | 18.9% | 30.0% | 9.6% | 1.85 | 2.9% |
| Southern Co. SO | $107.8 billion | 22.58 | 11.0% | 24.2% | 6.4% | 1.78 | 3.2% |
| Duke Energy Corp. DUK | $99.4 billion | 19.17 | 9.6% | 27.8% | 6.3% | 1.67 | 3.3% |
| Constellation Energy Corp. CEG | $93.2 billion | 25.57 | 10.8% | 14.7% | 26.0% | 0.77 | 0.6% |
| Williams Companies, Inc. WMB | $91.0 billion | 29.63 | 23.3% | 38.2% | 8.7% | 2.13 | 2.8% |
| National Grid plc NGG * | $87.3 billion | 19.25 | 8.2% | 30.7% | -3.8% | 1.19 | 2.5% |
| Enterprise Products Partners L.P. EPD | $82.4 billion | 13.24 | n/a | 13.4% | 6.8% | n/a | n/a |
| Kinder Morgan, Inc. KMI | $75.5 billion | 20.91 | 11.4% | 29.0% | 11.7% | 1.05 | 3.5% |
| American Electric Power Co. Inc. AEP | $70.9 billion | 21.27 | 10.2% | 23.4% | 11.1% | 1.60 | 2.9% |
| Targa Resources Corp. TRGP | $67.5 billion | 30.11 | 62.0% | 22.9% | -2.0% | 5.35 | 1.3% |
| Cheniere Energy, Inc. LNG | $67.5 billion | 23.05 | 46.3% | 28.1% | 22.5% | 3.68 | n/a |
| TC Energy Corporation TRP * | $67.2 billion | 27.61 | 12.9% | 52.7% | 10.7% | 2.20 | 3.7% |
| ONEOK Inc. OKE | $61.2 billion | 15.07 | 17.4% | 14.2% | 36.8% | 1.22 | 4.4% |
| Dominion Energy, Inc. D | $58.6 billion | 22.14 | 9.1% | 22.5% | 21.5% | 1.66 | 4.0% |
| Sempra SRE | $56.3 billion | 24.95 | 7.0% | n/a | 1.6% | 1.12 | 3.0% |
| Entergy Corp. ETR | $51.4 billion | 28.22 | 9.9% | 22.9% | 9.5% | 1.90 | 2.3% |
| Xcel Energy Inc. XEL | $50.7 billion | 18.61 | 10.5% | 21.7% | 4.5% | 1.59 | 2.9% |
| Exelon Corp. EXC | $47.8 billion | 17.91 | 8.8% | 19.8% | 6.7% | 1.77 | 3.6% |
| Vistra Corp. VST | $46.5 billion | 23.34 | 40.5% | 18.5% | 3.8% | 3.57 | 0.7% |
| Consolidated Edison Inc. ED | $43.1 billion | 19.15 | 8.6% | 18.0% | 9.5% | 1.08 | n/a |
| WEC Energy Group, Inc. WEC | $38.2 billion | 21.07 | 12.1% | 23.5% | 8.1% | 1.52 | 3.2% |
| Public Service Enterprise Group Inc. PEG | $37.1 billion | 18.49 | 11.6% | 23.1% | 12.7% | 1.42 | 3.5% |
| Venture Global, Inc. VG | $37.0 billion | 11.64 | 38.9% | 37.6% | 100.7% | 4.88 | 0.2% |
| Cheniere Energy Partners, L.P. CQP | $32.4 billion | n/a | n/a | 34.2% | 13.2% | n/a | n/a |
| Ameren Corp. AEE | $30.6 billion | 19.46 | 11.4% | 24.9% | 3.8% | 1.50 | 2.6% |
| Atmos Energy Corp. ATO | $29.1 billion | 20.58 | 9.2% | 37.0% | 6.5% | 0.68 | 2.0% |
| Pg&E Corp. PCG | $29.0 billion | 9.76 | 8.6% | 20.2% | 4.1% | 1.88 | n/a |
| American Water Works Company, Inc. AWK | $28.8 billion | 25.03 | 9.5% | 37.0% | 5.4% | 1.37 | 2.4% |
| DTE Energy Co. DTE | $28.2 billion | 21.40 | 10.8% | 13.3% | 15.9% | 2.27 | 3.3% |
| Centerpoint Energy Inc. CNP | $28.1 billion | 24.25 | 9.8% | 24.4% | 7.8% | 2.12 | 2.1% |
| Firstenergy Corp. FE | $27.2 billion | 22.56 | 9.3% | 14.9% | 12.2% | 2.32 | 3.8% |
| PPL Corp. PPL | $26.8 billion | 21.10 | 8.4% | 24.1% | 6.7% | 1.35 | 3.1% |
| Eversource Energy ES | $25.8 billion | 17.77 | 8.9% | 21.5% | 7.8% | 1.78 | 4.5% |
| Edison International EIX | $22.6 billion | 6.25 | 20.3% | 31.8% | 2.6% | 2.33 | 6.0% |
| CMS Energy Corp. CMS | $22.0 billion | 25.04 | 9.0% | 13.8% | 8.2% | 2.06 | 3.2% |
| Nisource Inc. NI | $21.4 billion | 22.85 | 9.8% | 27.4% | 10.0% | 1.91 | 2.7% |
| NRG Energy, Inc. NRG | $20.2 billion | 24.95 | 17.5% | 6.1% | 12.8% | 4.82 | 1.9% |
| Evergy, Inc. EVRG | $19.8 billion | 21.86 | 9.1% | 26.2% | 3.6% | 1.61 | 3.2% |
| Western Midstream Partners, LP WES | $19.2 billion | 14.59 | n/a | 40.2% | 18.0% | n/a | n/a |
| Alliant Energy Corp. LNT | $18.6 billion | 19.96 | 12.0% | 22.6% | 5.4% | 1.61 | 2.9% |
| Talen Energy Corp. TLN | $16.4 billion | n/a | -11.4% | 2.6% | 60.8% | 5.92 | n/a |
| Pinnacle West Capital Corp. PNW | $12.9 billion | 20.37 | 9.1% | 20.5% | 5.7% | 1.62 | 3.4% |
| DT Midstream, Inc. DTM | $12.7 billion | 27.08 | 9.8% | 49.4% | 13.4% | 0.68 | 2.8% |
| Essential Utilities, Inc. WTRG | $12.4 billion | 22.21 | 7.9% | 35.1% | 9.9% | 1.21 | 4.3% |
| OGE Energy Corp. OGE | $10.2 billion | 18.59 | 10.6% | 25.8% | 2.4% | 1.12 | 3.4% |
| Antero Midstream Corp. AM | $10.2 billion | 15.11 | 30.5% | 81.3% | 7.3% | 1.42 | 4.2% |
| Kinetik Holdings Inc. KNTK | $9.2 billion | 20.50 | n/a | 10.5% | 14.1% | n/a | n/a |
| Idacorp Inc. IDA | $8.6 billion | 22.35 | 9.2% | 23.5% | 4.5% | 0.95 | 2.4% |
| Entergy Arkansas, LLC EAI | $8.5 billion | 4.67 | 9.9% | 22.9% | n/a | 1.90 | 13.4% |
| UGI Corp. UGI | $8.3 billion | 12.93 | 12.9% | 16.2% | -0.5% | 1.35 | 3.9% |
| National Fuel Gas Co. NFG | $7.6 billion | 11.05 | 17.2% | 40.3% | 15.1% | 0.91 | 2.7% |
| Southwest Gas Holdings, Inc. SWX | $6.7 billion | n/a | n/a | n/a | n/a | 0.85 | 2.7% |
| Clearway Energy, Inc. CWEN | $6.6 billion | 41.64 | 1.7% | 13.4% | 9.9% | 1.66 | n/a |
| Txnm Energy Inc. TXNM | $6.4 billion | 28.16 | 6.3% | 24.4% | 10.0% | 1.58 | 2.9% |
| Black Hills Corp. BKH | $6.3 billion | 20.71 | 7.6% | 23.9% | 2.5% | 1.14 | 3.4% |
| Archrock, Inc. AROC | $5.6 billion | 17.04 | 21.2% | n/a | 11.5% | 1.51 | 2.7% |
| Ormat Technologies, Inc. ORA | $5.5 billion | 44.16 | 4.9% | 16.6% | 31.1% | 0.60 | 0.5% |
| New Jersey Resources Corp. NJR | $5.4 billion | 14.70 | 13.9% | 24.8% | 6.4% | 1.40 | 3.6% |
| Portland General Electric Co. POR | $5.3 billion | 19.06 | 6.3% | 14.4% | 1.2% | 1.16 | 4.8% |
| Spire Inc. SR | $5.2 billion | 9.81 | 15.3% | 19.7% | 4.1% | 2.03 | 3.7% |
| One Gas, Inc. OGS | $4.9 billion | 16.92 | 8.1% | 20.6% | -0.8% | 0.96 | 3.4% |
| NorthWestern Energy Group, Inc. NWE | $4.9 billion | 28.84 | 5.9% | 18.8% | 10.7% | 1.24 | 3.3% |
| Kodiak Gas Services, Inc. KGS | $4.7 billion | 55.77 | 3.7% | 27.4% | 8.2% | 1.26 | 4.1% |
| MDU Resources Group Inc. MDU | $4.2 billion | 20.77 | 6.7% | 17.0% | -1.1% | 0.88 | 2.8% |
| Otter Tail Corp. OTTR | $3.8 billion | 19.48 | 10.4% | 17.2% | -0.2% | 0.67 | 2.4% |
| American States Water Co. AWR | $3.4 billion | 23.67 | 12.8% | 31.8% | 13.2% | 0.81 | 2.3% |
| Chesapeake Utilities Corp. CPK | $3.3 billion | 21.75 | 9.0% | 27.3% | 14.6% | 1.01 | 2.0% |
| Avista Corp. AVA | $3.1 billion | 13.56 | 8.0% | 18.8% | -1.8% | 1.16 | 5.2% |
| California Water Service Group CWT | $3.0 billion | 21.64 | 7.2% | 19.4% | 4.8% | 0.86 | 2.7% |
| H2O America HTO | $2.9 billion | 23.42 | 4.8% | 20.7% | 4.2% | 0.95 | 2.9% |
| MGE Energy Inc. MGEE | $2.8 billion | 18.12 | 10.4% | 22.0% | 7.1% | 0.65 | 2.6% |
| Fervo Energy Co. FRVO | $2.4 billion | n/a | n/a | n/a | n/a | 0.08 | n/a |
| Centuri Holdings, Inc. CTRI | $2.2 billion | 69.45 | 3.3% | 2.7% | 25.2% | 0.83 | n/a |
| Northwest Natural Holding Co. NWN | $2.1 billion | 16.64 | 8.1% | 22.8% | 4.4% | 1.68 | 3.9% |
| NGL Energy Partners LP NGL | $2.1 billion | n/a | n/a | 4.0% | 5.8% | n/a | n/a |
| NextDecade Corp. NEXT | $2.0 billion | n/a | -83.8% | n/a | n/a | 107.19 | n/a |
| Hawaiian Electric Industries Inc. HE | $1.5 billion | 6.70 | 12.9% | 11.5% | 5.1% | 1.29 | n/a |
| New Fortress Energy Inc. NFE | $1.4 billion | n/a | n/a | -84.3% | -36.9% | n/a | n/a |
| Excelerate Energy, Inc. EE | $1.1 billion | 24.39 | 2.1% | 21.8% | 49.0% | 0.48 | n/a |
| Middlesex Water Co. MSEX | $1.1 billion | 20.50 | 9.5% | 30.5% | 8.9% | 0.80 | 2.5% |
| Unitil Corp. UTL | $1.0 billion | 17.65 | 8.8% | 18.9% | 20.8% | 1.49 | 3.3% |
| Xplr Infrastructure, LP XIFR | $893 million | 14.57 | 0.6% | 0.0% | -2.8% | 0.57 | n/a |
| Hallador Energy Co. HNRG | $529 million | 561.50 | -0.5% | 3.7% | 6.5% | 0.23 | n/a |
| York Water Co. YORW | $513 million | 19.64 | 8.1% | 36.6% | 9.4% | 0.64 | 2.9% |
| Genie Energy Ltd. GNE | $434 million | 17.18 | 9.8% | 4.0% | 10.0% | 0.03 | 1.8% |
| Consolidated Water Co. Ltd. CWCO | $431 million | 27.19 | 7.2% | 12.3% | -1.2% | 0.00 | 2.1% |
| Cadiz Inc. CDZI | $384 million | n/a | -789.7% | -236.1% | -21.3% | 18.65 | n/a |
| Artesian Resources Corp. ARTNA | $347 million | 14.73 | 9.2% | 25.0% | 5.9% | 0.72 | 3.7% |
| Summit Midstream Corp. SMC | $330 million | n/a | -0.6% | 14.6% | 20.9% | 2.07 | n/a |
| Montauk Renewables, Inc. MNTK | $317 million | 44.20 | 3.0% | 0.6% | 4.3% | 0.57 | n/a |
| Clean Energy Fuels Corp. CLNE | $316 million | n/a | -17.0% | -7.3% | 5.2% | 0.41 | n/a |
| Pure Cycle Corp. PCYO | $258 million | 17.54 | 9.7% | 37.7% | 22.9% | 0.09 | n/a |
| RGC Resources Inc. RGCO | $239 million | 17.11 | 11.4% | 17.3% | 13.8% | 1.21 | 3.8% |
| Global Water Resources, Inc. GWRS | $223 million | 64.62 | 3.7% | 13.6% | 10.8% | 1.62 | 3.9% |
| Stabilis Solutions, Inc. SLNG | $81 million | n/a | -13.4% | -16.2% | -19.7% | 0.13 | n/a |
| Ocean Power Technologies, Inc. OPTT | $4 million | n/a | n/a | -1,088.8% | -25.8% | 1.17 | n/a |
11 companies share its SEC industry code (Water Supply); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read more
By market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.Filings
| Filing | Period | Filed | Where |
|---|---|---|---|
| 10-K/A | 31 December 2025 | 29 October 2026 | EDGAR |
| 10-Q | 30 June 2026 | 13 August 2026 | EDGAR |
| 10-Q | 31 March 2026 | 14 May 2026 | EDGAR |
| 10-K | 31 December 2025 | 31 March 2026 | EDGAR |
| 10-Q | 30 September 2025 | 13 November 2025 | EDGAR |
| 10-Q | 30 June 2025 | 13 August 2025 | EDGAR |
| 10-Q | 31 March 2025 | 14 May 2025 | EDGAR |
| 10-K | 31 December 2024 | 28 March 2025 | EDGAR |
| 10-Q | 30 September 2024 | 13 November 2024 | EDGAR |
| 10-Q | 30 June 2024 | 13 August 2024 | EDGAR |