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Consolidated Water Co. Ltd. (CWCO) Annual Reports

Q: Where can I read Consolidated Water Co. Ltd. (CWCO) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

Consolidated Water Co. Ltd. is listed on Nasdaq, classified by the SEC under Water Supply (SIC 4941). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 928340 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$32.9M	$33.6M	-2.1%
Operating income	$3.7M	$5.3M	-29.1%
Net income	$3.9M	$5.1M	-22.8%
EPS (diluted)	$0.24	$0.32	-25.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 32.9 mn Net income 3.93 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	58.0	12.7	11.7	11.6	13.9	14.8	12.8	13.6	16.7	16.2	15.8	16.6	16.6	16.6	15.4	15.3	16.4	16.9	17.0	15.3	14.7	14.5	14.6	13.4	14.0	15.4	14.4	14.1	15.7	15.3	16.6	14.8	15.3	15.9	18.8	15.7	17.0	18.3	15.9	17.6	20.7	19.1	17.7	15.2	17.1	16.7	16.4	16.6	19.6	21.1	25.1	28.4	32.9	44.2	49.9	53.3	39.7	32.5	33.4	28.4	33.7	33.6	35.1	29.6	30.0	32.9
Gross profit	23.0	4.23	3.77	3.12	5.25	5.25	4.01	4.51	5.95	5.41	5.23	5.40	6.22	6.40	5.23	5.66	5.97	6.37	5.70	5.07	6.05	5.87	5.55	5.46	6.18	6.59	5.92	5.56	6.83	6.49	6.31	5.84	6.60	6.60	7.53	6.01	6.96	7.55	6.71	7.05	8.44	7.30	6.22	4.81	6.13	6.06	5.69	5.63	7.15	7.48	6.84	8.89	10.6	15.5	16.6	19.3	13.9	11.6	11.6	8.49	12.3	12.8	12.9	10.3	10.9	11.0
Operating income	12.9	1.03	0.44	0.81	1.46	2.07	0.98	0.87	2.43	1.96	1.15	1.39	2.65	2.80	0.92	1.29	0.63	2.59	1.72	1.53	2.26	2.30	2.15	1.76	1.72	1.66	-2.36	0.81	2.04	1.53	0.83	0	1.84	2.04	2.57	1.53	2.63	2.96	1.89	1.90	3.29	-0.59	1.40	0.45	1.11	-1.56	1.33	1.12	2.29	2.55	1.24	3.19	4.53	9.48	10.7	12.4	7.31	5.01	4.88	1.08	4.61	5.28	5.76	2.70	3.44	3.74
Net income	6.10	1.03	1.27	0.92	1.99	1.93	1.29	0.9	2.34	1.96	1.30	3.71	3.74	2.85	0.91	1.09	0.65	2.76	1.88	0.97	1.92	2.23	1.78	1.59	2.05	2.20	-1.87	1.57	2.63	0.62	1.16	1.73	2.09	2.19	4.55	2.46	6.19	2.48	1.73	1.79	2.89	-1.13	1.43	0.52	0.99	-1.66	0.29	1.27	1.72	2.29	0.32	1.53	3.81	7.32	8.61	9.84	6.47	15.8	4.45	1.46	4.79	5.10	5.53	2.92	3.78	3.93

Balance sheet

Quarterly · In mn (USD)

Total assets 263 mn Total liabilities 31.9 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	63.7	—	67.8	63.8	67.3	60.8	55.6	58.0	61.3	64.1	64.5	66.0	67.6	63.6	57.5	57.4	59.5	60.7	61.7	63.8	65.4	59.9	56.6	59.1	60.9	65.8	66.5	67.8	66.7	65.8	63.1	64.0	62.4	70.1	71.5	73.4	73.4	68.5	70.8	71.6	72.9	73.8	75.1	76.4	76.9	79.3	83.4	86.5	92.6	101	103	110	113	119	151	154	158	165	170	170	170	173	174
Total assets	—	—	—	152	—	154	156	161	153	146	148	150	153	164	165	165	160	162	160	160	160	160	161	162	171	166	163	164	167	166	166	165	166	167	173	173	181	182	183	192	186	181	180	180	180	177	177	177	178	183	185	193	202	205	212	218	223	235	238	243	250	258	257	258	260	263
Current liabilities	—	—	—	6.89	—	6.90	8.71	23.3	14.5	6.82	8.58	8.67	8.69	18.2	19.3	23.6	18.0	18.6	16.1	16.1	14.6	13.4	13.6	13.2	12.2	5.74	6.97	6.68	8.96	7.91	7.21	7.63	7.22	7.42	8.92	7.90	8.33	5.57	5.46	8.17	8.45	8.00	7.72	6.94	6.41	6.33	7.08	7.69	8.41	11.8	15.4	22.7	30.9	27.7	26.5	23.9	23.8	19.5	20.1	24.9	28.9	32.4	28.2	27.7	28.6	29.2
Total liabilities	—	—	—	24.2	—	23.5	24.9	30.6	21.4	13.3	14.6	14.3	13.8	22.9	23.5	23.9	18.3	18.9	16.4	16.4	14.8	13.7	13.9	13.4	15.2	8.50	9.92	9.50	11.5	10.3	9.87	9.46	8.95	9.03	10.5	8.76	12.2	10.2	9.84	14.3	14.1	11.3	11.1	10.5	11.4	10.9	11.5	11.4	11.9	15.1	18.5	25.2	33.2	30.1	28.7	26.6	25.9	23.2	23.4	28.0	31.6	35.3	31.0	30.9	31.4	31.9
Equity	126	—	—	126	—	128	129	129	130	131	132	134	137	139	139	139	139	140	141	141	142	143	144	145	146	147	145	146	147	147	147	148	149	150	153	155	160	162	163	164	163	161	161	161	161	158	157	158	158	159	159	160	164	170	178	187	192	207	210	210	213	217	220	222	224	226

Cash flow

Quarterly · In mn (USD)

Operating 12.0 mn Investing -3.45 mn Financing -2.25 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	15.1	3.39	1.98	0.73	2.77	5.10	6.76	-6.19	-1.92	7.02	3.35	3.10	3.18	2.27	3.12	0.18	-2.13	24.1	0.75	-3.46	2.48	5.68	3.54	5.62	-0.36	3.05	1.82	3.31	-0.72	10.3	2.14	1.92	0.68	-2.78	7.49	3.66	3.69	4.86	1.97	4.68	-0.29	4.13	6.68	6.82	1.09	-0.03	3.41	2.50	4.62	8.59	2.59	5.53	5.35	-0.37	3.42	-0.42	5.95	21.0	10.3	-0.74	11.8	8.76	15.4	5.78	6.54	12.0
Investing	-0.58	0.43	1.09	1.40	0.66	-0.88	-7.08	-10.8	-0.71	7.61	-0.97	0.73	0.08	-1.82	-5.58	4.14	-0.47	-23.0	0.04	7.11	-0.1	-1.24	-0.54	-0.17	-7.81	6.18	-0.73	-0.42	-1.28	0.85	-0.13	-0.88	-2.52	-5.54	-6.73	-2.62	5.78	0.29	-0.49	-4.10	-9.02	-0.19	-1.76	-0.15	-0.25	-0.2	-2.98	-0.52	-0.74	-1.05	1.37	-4.56	-3.81	-1.72	-1.01	-4.34	-0.53	32.1	-1.58	-3.00	-1.57	-2.61	-1.87	-2.39	-1.68	-3.45
Financing	-6.35	-2.89	-2.95	-1.48	-1.47	-1.47	-1.47	5.53	-9.99	-9.00	-1.37	-1.58	-1.29	-1.46	-1.38	-1.35	-6.40	8.72	-1.61	-1.55	-1.46	-1.73	-1.57	-1.42	-1.08	-7.70	-1.08	-0.72	-0.73	-1.60	-1.11	-0.83	-1.66	-1.27	-0.49	-2.37	-1.30	-1.28	-1.27	-1.28	-1.29	-1.29	-1.29	-1.30	-1.96	-1.32	-1.28	-1.31	-1.31	-1.78	-1.88	-1.33	-1.33	-1.36	-1.28	-1.55	-1.56	-1.58	-1.76	-1.82	-1.79	-1.78	-2.22	-3.17	-2.31	-2.25
Cash at period end	44.4	45.4	45.5	46.1	48.1	50.8	49.0	37.6	25.0	30.6	31.6	33.9	35.9	34.9	30.8	33.6	24.7	34.4	33.6	35.7	36.8	39.3	40.8	44.8	35.5	37.1	37.1	39.3	36.5	46.0	47.0	47.2	43.7	34.1	34.4	31.3	38.0	41.9	42.0	42.9	32.3	35.0	38.2	43.8	42.8	41.2	40.4	40.4	43.1	49.1	51.1	50.7	51.1	47.7	48.9	42.6	46.2	96.7	105	99.3	108	112	124	124	126	133

Profitability

Quarterly · %

Gross margin 33.4% Operating margin 11.4% Net margin 12.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	39.6%	33.3%	32.2%	26.8%	37.8%	35.4%	31.3%	33.2%	35.5%	33.3%	33.0%	32.4%	37.6%	38.6%	33.9%	37.1%	36.5%	37.6%	33.5%	33.3%	41.3%	40.5%	38.0%	40.9%	44.0%	42.8%	41.1%	39.6%	43.6%	42.5%	38.1%	39.5%	43.1%	41.6%	40.0%	38.3%	41.0%	41.3%	42.2%	40.0%	40.7%	38.3%	35.2%	31.8%	35.8%	36.3%	34.7%	33.8%	36.5%	35.5%	27.3%	31.3%	32.1%	35.0%	33.3%	36.2%	35.0%	35.8%	34.8%	29.9%	36.5%	38.2%	36.9%	34.7%	36.4%	33.4%
Operating margin	22.2%	8.1%	3.8%	7.0%	10.5%	13.9%	7.6%	6.4%	14.5%	12.1%	7.2%	8.3%	16.0%	16.9%	6.0%	8.4%	3.8%	15.3%	10.1%	10.0%	15.4%	15.9%	14.8%	13.1%	12.2%	10.8%	-16.4%	5.8%	13.0%	10.0%	5.0%	-0.0%	12.0%	12.9%	13.7%	9.7%	15.5%	16.1%	11.9%	10.8%	15.9%	-3.1%	8.0%	3.0%	6.5%	-9.3%	8.1%	6.7%	11.7%	12.1%	4.9%	11.2%	13.8%	21.4%	21.6%	23.3%	18.4%	15.4%	14.6%	3.8%	13.7%	15.7%	16.4%	9.1%	11.5%	11.4%
Net margin	10.5%	8.1%	10.8%	7.9%	14.3%	13.0%	10.0%	6.7%	14.0%	12.1%	8.2%	22.3%	22.6%	17.2%	5.9%	7.1%	4.0%	16.3%	11.1%	6.3%	13.1%	15.4%	12.2%	11.9%	14.6%	14.3%	-13.0%	11.2%	16.8%	4.1%	7.0%	11.7%	13.6%	13.8%	24.2%	15.7%	36.4%	13.5%	10.9%	10.1%	13.9%	-5.9%	8.1%	3.4%	5.8%	-10.0%	1.7%	7.6%	8.8%	10.9%	1.3%	5.4%	11.6%	16.6%	17.3%	18.5%	16.3%	48.8%	13.3%	5.1%	14.2%	15.2%	15.8%	9.8%	12.6%	12.0%

Returns & leverage

Quarterly · %

ROE 7.3% ROA 6.2% Debt ratio 12.1%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	7.4%	—	4.8%	4.8%	4.8%	5.0%	5.0%	5.0%	7.1%	8.0%	8.6%	8.3%	6.3%	4.0%	3.9%	4.6%	4.5%	5.4%	4.9%	4.8%	5.3%	5.3%	5.2%	2.8%	2.7%	3.1%	2.0%	4.1%	4.2%	3.8%	4.8%	7.0%	7.5%	10.0%	10.1%	8.1%	7.6%	5.5%	3.3%	3.1%	2.3%	1.1%	0.8%	0.1%	0.6%	1.0%	3.5%	3.5%	3.7%	4.9%	7.9%	12.6%	17.1%	18.1%	21.6%	18.9%	14.2%	13.1%	7.5%	7.8%	8.5%	7.9%	7.3%
ROA	—	—	—	6.1%	—	4.0%	3.9%	3.9%	4.2%	4.3%	4.3%	6.0%	7.0%	7.5%	7.2%	5.4%	3.5%	3.3%	3.9%	3.9%	4.7%	4.3%	4.3%	4.7%	4.6%	4.7%	2.5%	2.4%	2.7%	1.8%	3.6%	3.7%	3.4%	4.3%	6.2%	6.7%	8.9%	9.0%	7.2%	6.7%	4.8%	2.9%	2.7%	2.0%	1.0%	0.7%	0.1%	0.5%	0.9%	3.1%	3.1%	3.2%	4.2%	6.7%	10.7%	14.4%	15.2%	18.5%	16.3%	12.2%	11.2%	6.4%	6.8%	7.3%	6.8%	6.2%
Debt ratio	—	—	—	15.9%	—	15.3%	16.0%	19.0%	13.9%	9.1%	9.9%	9.5%	9.0%	13.9%	14.3%	14.4%	11.4%	11.7%	10.2%	10.2%	9.3%	8.5%	8.6%	8.3%	8.9%	5.1%	6.1%	5.8%	6.9%	6.2%	6.0%	5.7%	5.4%	5.4%	6.1%	5.1%	6.7%	5.6%	5.4%	7.5%	7.6%	6.2%	6.1%	5.9%	6.3%	6.2%	6.5%	6.4%	6.7%	8.3%	10.0%	13.1%	16.5%	14.7%	13.6%	12.2%	11.6%	9.8%	9.8%	11.5%	12.6%	13.7%	12.1%	12.0%	12.1%	12.1%

EPS

Quarterly · US$

EPS US$0.24

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	0.42	0.07	0.09	0.06	0.14	0.13	0.09	0.06	0.16	0.13	0.09	0.26	0.26	0.19	0.06	0.07	0.04	0.19	0.13	0.06	0.13	0.15	0.12	0.11	0.14	0.15	-0.13	0.11	0.18	0.04	0.08	0.12	0.14	0.14	0.30	0.17	0.41	0.16	0.11	0.11	0.19	-0.07	0.09	0.03	0.06	-0.11	0.02	0.09	0.11	0.15	0.02	0.10	0.24	0.46	0.54	0.62	0.40	0.99	0.28	0.09	0.30	0.32	0.34	0.18	0.23	0.24

Revenue & profit

Year-to-date · In mn (USD)

Revenue 62.8 mn Net income 7.71 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 263 mn Total liabilities 31.9 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 18.6 mn Investing -5.13 mn Financing -4.57 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 34.8% Operating margin 11.4% Net margin 12.3%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 7.3% ROA 6.2% Debt ratio 12.1%

EPS

Year-to-date · US$

EPS US$0.47

Revenue & profit

Annual · In mn (USD)

Revenue 132 mn Net income 18.3 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	55.1	65.5	63.8	65.6	57.1	57.9	62.3	65.7	68.8	72.6	66.9	94.1	180	134	132
Gross profit	19.0	22.0	23.5	23.1	22.9	24.3	25.5	26.7	28.3	26.8	23.5	30.4	61.9	45.6	48.4
Operating income	5.37	6.93	7.66	6.46	8.47	1.82	4.39	7.98	9.37	4.55	2.01	9.27	37.2	18.3	18.4
Net income	6.11	9.32	8.59	6.27	7.52	3.96	6.14	11.3	12.2	3.71	0.88	5.86	29.6	28.2	18.3

Balance sheet

Annual · In mn (USD)

Total assets 258 mn Total liabilities 30.9 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	67.3	61.3	67.6	59.5	65.4	60.9	66.7	62.4	73.4	72.9	76.9	92.6	113	158	170
Total assets	161	150	165	160	162	164	165	173	192	180	177	193	218	243	258
Current liabilities	23.3	8.67	23.6	16.1	13.2	6.68	7.63	7.90	8.17	6.94	7.69	22.7	23.9	24.9	27.7
Total liabilities	30.6	14.3	23.9	16.4	13.4	9.50	9.46	8.76	14.3	10.5	11.4	25.2	26.6	28.0	30.9
Equity	129	134	139	141	145	146	148	155	164	161	158	160	187	210	222

Cash flow

Annual · In mn (USD)

Operating 41.7 mn Investing -8.44 mn Financing -8.95 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	8.45	11.5	8.74	19.3	17.3	7.82	13.6	9.05	15.2	17.3	6.97	21.3	7.97	36.5	41.7
Investing	-18.1	6.67	-3.18	-16.3	-2.06	-2.78	-1.44	-17.4	1.49	-11.1	-3.94	-4.98	-10.9	27.0	-8.44
Financing	1.12	-21.9	-5.47	-0.85	-6.18	-10.6	-4.27	-5.79	-5.12	-5.17	-5.86	-6.30	-5.52	-6.71	-8.95
Cash at period end	37.6	33.9	33.6	35.7	44.8	39.3	47.2	31.3	42.9	43.8	40.4	50.7	42.6	99.3	124

Profitability

Annual · %

Gross margin 36.6% Operating margin 13.9% Net margin 13.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	34.5%	33.6%	36.8%	35.3%	40.1%	41.9%	40.9%	40.7%	41.1%	36.9%	35.2%	32.3%	34.4%	34.1%	36.6%
Operating margin	9.7%	10.6%	12.0%	9.9%	14.8%	3.1%	7.0%	12.1%	13.6%	6.3%	3.0%	9.8%	20.6%	13.7%	13.9%
Net margin	11.1%	14.2%	13.5%	9.6%	13.2%	6.8%	9.9%	17.2%	17.7%	5.1%	1.3%	6.2%	16.4%	21.1%	13.9%

Returns & leverage

Annual · %

ROE 8.5% ROA 7.3% Debt ratio 12.0%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	4.8%	7.1%	6.3%	4.5%	5.3%	2.7%	4.2%	7.5%	7.6%	2.3%	0.6%	3.7%	17.1%	14.2%	8.5%
ROA	3.8%	6.0%	5.4%	3.9%	4.7%	2.4%	3.7%	6.7%	6.7%	2.0%	0.5%	3.2%	14.4%	12.2%	7.3%
Debt ratio	19.0%	9.5%	14.4%	10.2%	8.3%	5.8%	5.7%	5.1%	7.5%	5.9%	6.4%	13.1%	12.2%	11.5%	12.0%

EPS

Annual · US$

EPS US$1.14

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	0.42	0.64	0.58	0.42	0.51	0.27	0.42	0.75	0.79	0.24	0.06	0.38	1.86	1.76	1.14

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read Consolidated Water Co. Ltd. (CWCO) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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