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Consolidated Water vs Essential Utilities: revenue, profit, margins and growth compared

Consolidated Water brought in $132.1M of revenue in fiscal 2025, Essential Utilities $2.5B in fiscal 2025. Revenue changed by -1.4% at Consolidated Water and +18.6% at Essential Utilities on the year before, so Essential Utilities grew faster. Consolidated Water kept 13.9% of its revenue as net profit, Essential Utilities 24.9%.

Side by side, latest fiscal year

CWCOWTRG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$132.1M$2.5B
Revenue growth-1.4%+18.6%
Net income$18.3M$616.4M
Net margin13.9%24.9%
Free cash flow$33.2Mn/a
Free cash flow margin25.1%n/a
Earnings per share (diluted)$1.14$2.20
Cash$123.8M$34.8M
Debt$73.5K$8.1B
Price to earnings24.418.0
Market value$446.1M$11.2B
Dividend yield1.90%3.38%
Rank by revenue in sector#96 of 109 · Utilities#54 of 109 · Utilities

Over the years

Revenue
CWCO FY2018: $65.7MCWCO FY2019: $68.8MCWCO FY2020: $72.6MCWCO FY2021: $66.9MCWCO FY2022: $94.1MCWCO FY2023: $180.2MCWCO FY2024: $134MCWCO FY2025: $132.1MWTRG FY2018: $838.1MWTRG FY2019: $889.7MWTRG FY2020: $1.5BWTRG FY2021: $1.9BWTRG FY2022: $2.3BWTRG FY2023: $2.1BWTRG FY2024: $2.1BWTRG FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
CWCO $132.1MWTRG $2.5B
Net income
CWCO FY2018: $11.3MCWCO FY2019: $12.2MCWCO FY2020: $3.7MCWCO FY2021: $875.6KCWCO FY2022: $5.9MCWCO FY2023: $29.6MCWCO FY2024: $28.2MCWCO FY2025: $18.3MWTRG FY2018: $192MWTRG FY2019: $224.5MWTRG FY2020: $284.8MWTRG FY2021: $431.6MWTRG FY2022: $465.2MWTRG FY2023: $498.2MWTRG FY2024: $595.3MWTRG FY2025: $616.4MFY18FY19FY20FY21FY22FY23FY24FY25
CWCO $18.3MWTRG $616.4M
Net margin
CWCO FY2018: 17.2%CWCO FY2019: 17.7%CWCO FY2020: 5.1%CWCO FY2021: 1.3%CWCO FY2022: 6.2%CWCO FY2023: 16.4%CWCO FY2024: 21.1%CWCO FY2025: 13.9%WTRG FY2018: 22.9%WTRG FY2019: 25.2%WTRG FY2020: 19.5%WTRG FY2021: 23.0%WTRG FY2022: 20.3%WTRG FY2023: 24.3%WTRG FY2024: 28.5%WTRG FY2025: 24.9%FY18FY19FY20FY21FY22FY23FY24FY25
CWCO 13.9%WTRG 24.9%
Revenue growth
CWCO FY2019: +4.7%CWCO FY2020: +5.6%CWCO FY2021: -7.9%CWCO FY2022: +40.7%CWCO FY2023: +91.5%CWCO FY2024: -25.7%CWCO FY2025: -1.4%WTRG FY2019: +6.2%WTRG FY2020: +64.4%WTRG FY2021: +28.4%WTRG FY2022: +21.8%WTRG FY2023: -10.2%WTRG FY2024: +1.6%WTRG FY2025: +18.6%FY19FY20FY21FY22FY23FY24FY25
CWCO -1.4%WTRG +18.6%
Free cash flow
CWCO FY2018: -$7.2MCWCO FY2019: $11.7MCWCO FY2020: $15.6MCWCO FY2021: $5.5MCWCO FY2022: $13.8MCWCO FY2023: $2.9MCWCO FY2024: $29.8MCWCO FY2025: $33.2MWTRG FY2018: -$127.2MFY18FY19FY20FY21FY22FY23FY24FY25
CWCO $33.2MWTRG -$127.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Consolidated Water and Essential Utilities

Which is bigger by revenue, Consolidated Water or Essential Utilities?

Essential Utilities is bigger by revenue: $2.5B in fiscal 2025, against $132.1M for Consolidated Water in fiscal 2025.

Which keeps more of its revenue as profit, Consolidated Water or Essential Utilities?

Consolidated Water had a net margin of 13.9% in fiscal 2025; Essential Utilities had 24.9% in fiscal 2025.

Which grew revenue faster, Consolidated Water or Essential Utilities?

In their latest fiscal years revenue changed by -1.4% at Consolidated Water and +18.6% at Essential Utilities.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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