CDZI vs ECL vs TMO Stock Comparison

Cadiz, Ecolab and Thermo Fisher Scientific Prices as of Oct 26, 2026 Peers: Industry group
CDZI Cadiz Inc
$4.34 +18.9% 1M -17.2% 1Y
Market cap
$377.81M
P/E
–
Revenue (TTM)
$14.34M
Div. yield
–
Water Treatment Industrials
ECL Ecolab Inc.
$288.96 +3.3% 1M +4.2% 1Y
Market cap
$82.56B
P/E
39.0x
Revenue (TTM)
$16.84B
Div. yield
0.01%
Water Treatment Industrials
4 wins

Head to Head

9 decided of 12

Thermo Fisher Scientific leads on 5 of the 12 questions below (Thermo Fisher Scientific 5, Ecolab 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDZIECLTMOLeader
Larger companyMarket capitalisation $377.81M $82.56B $259.04B TMO
Cheaper on earningsLower P/E, profitable companies only -9.2x 39.0x 36.6x TMO
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 36.6x 26.4x TMO
Faster revenue growthRevenue growth, trailing twelve months -4.8% +7.1% +8.3% TMO
More profitableNet margin, trailing twelve months -286.1% 12.6% — ECL
Better return on capitalReturn on invested capital — 11.0% — –
Less leveragedLower net debt / EBITDA — 2.1x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -17.2% +4.2% +19.6% TMO
Better 5-year returnAnnualised price return, 5 years -6.4%/yr +5.5%/yr +2.3%/yr ECL
Less volatileAnnualised volatility, 1 year 66.6% 21.9% 29.9% ECL
Higher overall scoreMean of the five percentile scores vs peers 24/100 66/100 51/100 ECL

Percentile Scorecard

CDZIECLTMO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDZIECLTMO
Valuation 20 #17 of 21 50 #11 of 21 49 #116 of 228
Growth 39 #12 of 19 83 #4 of 19 40 #133 of 221
Profitability 19 #14 of 17 88 #3 of 17 70 #63 of 208
Financial Health 19 #18 of 22 48 #12 of 22 –
Shareholder Returns – 60 #5 of 11 44 #77 of 137
Overall 24 66 51
  • CDZI ranked among 22 companies in Environmental Equipment
  • ECL ranked among 22 companies in Environmental Equipment
  • TMO ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDZIECLTMOSPY
1 month +18.9%+3.3%+1.7% -0.8%
3 months +40.9%+6.3%+22.4% +3.5%
6 months -3.6%+7.9%+46.3% +7.0%
Year to date -22.6%+10.1%+18.2% +12.2%
1 year -17.2%+4.2%+19.6% +13.0%
3 years +57.2%+83.5%+58.7% +86.3%
3 years, per year +16.3%+22.5%+16.7% +23.1%
5 years -28.1%+30.7%+11.8% +68.6%
5 years, per year -6.4%+5.5%+2.3% +11.0%
10 years -40.5%+150.5%+362.6% +258.0%
10 years, per year -5.1%+9.6%+16.6% +13.6%

Risk

MeasureCDZIECLTMOSPY
Volatility, 1Y 66.6%21.9%29.9% 12.7%
Downside volatility, 1Y 64.5%22.0%28.3% 12.7%
Beta vs S&P 500, 1Y 1.430.480.62 1.00
Return / volatility, 1Y -0.260.190.66 1.02
Max drawdown, 5Y -75.0%-44.3%-41.5% -25.4%
From 52-week high -37.3%-6.3%-1.7% -1.8%
52-week high $6.92$308.35$696.55 $779.14
52-week low $2.98$245.73$438.34 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDZIECLTMO
P/E now vs peer median -8.9xmedian 25.6x 38.3xmedian 25.6x 35.9xmedian 30.6x
P/S now vs peer median 25.5xmedian 2.5x 4.8xmedian 2.5x 5.3xmedian 3.0x
EV/EBITDA now vs peer median —median 19.1x 22.9xmedian 19.1x —median 17.5x
P/FCF now vs peer median —median 25.2x 43.2xmedian 25.2x 34.0xmedian 23.3x
P/B now vs peer median 78.3xmedian 2.0x 8.0xmedian 2.0x 4.6xmedian 2.4x
PEG now vs peer median 2.12median 1.54 1.72median 1.54 4.74median 0.87

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDZIECLTMO
Revenue $14.34M $16.84B $47.35B
Gross profit $4.25M $7.43B –
Operating income -$26.90M $2.85B $8.47B
Net income -$35.98M $2.13B $7.09B
Free cash flow – $1.87B –
R&D – – $1.40B
EPS (diluted) $-1,199.69 $7.50 $19.06
Cash & equivalents $5.32M $5.14B $5.46B
Total debt $278.50M $13.18B –
Shares (diluted) 34.19K 282.20M 371.00M
Enterprise value $346.26M $74.31B $259.04B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDZIECLTMO
P/E -8.9x 38.3x 35.9x
P/FCF – 43.2x 34.0x
P/Operating cash flow – 26.5x 27.2x
P/S 25.5x 4.8x 5.3x
P/B 78.3x 8.0x 4.6x
P/Tangible book 78.3x 12.2x 6.9x
EV/EBITDA – 22.9x –
EV/EBIT -16.6x 31.2x –
EV/Revenue 31.2x 5.3x 5.3x
EV/FCF – 47.5x –
EV/Operating cash flow – 29.1x 27.2x
PEG (3Y EPS CAGR) 2.12 1.72 4.74

Growth

14 metrics
MetricCDZIECLTMO
Revenue growth (1Y) -4.8% 7.1% 8.3%
Revenue CAGR (3Y) 89.3% 4.5% 2.9%
Gross profit growth (1Y) -12.7% 7.5% –
Gross profit CAGR (3Y) 97.5% 9.4% –
Operating income growth (1Y) -8.9% -1.4% 12.8%
Operating income CAGR (3Y) -12.0% 18.4% 7.2%
Net income growth (1Y) -9.9% -1.0% 7.9%
Net income CAGR (3Y) -4.9% 21.3% 6.2%
EPS growth (1Y) -8.4% 0.2% 9.7%
EPS CAGR (3Y) -4.2% 22.3% 7.6%
Operating cash flow growth (1Y) – 16.5% 21.9%
Operating cash flow CAGR (3Y) – 13.9% 4.5%
Free cash flow growth (1Y) – 19.1% –
Free cash flow CAGR (3Y) – 12.2% –

Profitability

14 metrics
MetricCDZIECLTMO
Gross margin 29.6% 44.1% –
EBITDA margin – 23.1% –
Operating margin -187.6% 16.9% –
Pretax margin -250.5% 15.6% –
Net margin -286.1% 12.6% –
FCF margin – 11.1% –
Operating cash flow margin – 18.1% 19.7%
Return on equity -257.3% 21.2% 13.2%
Return on assets -26.1% 7.8% 6.2%
Return on invested capital – 11.0% –
Return on capital employed -21.0% 13.3% –
Asset turnover 0.1x 0.6x 0.4x
Cash conversion (OCF / net income) – 1.4x 1.3x
Stock comp / revenue – 0.8% –

Financial Health

11 metrics
MetricCDZIECLTMO
Debt / assets 64.5% 44.0% –
Debt / equity 18.6x 1.3x –
Net debt / EBITDA – 2.1x –
Debt / FCF – 7.0x –
Liabilities / assets 96.5% 66.3% –
Equity / assets 3.5% 33.7% 47.9%
Interest coverage -2.9x 17.6x –
Current ratio 1.2x 1.8x 1.8x
Quick ratio 0.9x 1.5x –
Cash ratio 0.5x 0.9x –
Altman Z-score -6.25 4.15 –

Shareholder Returns

7 metrics
MetricCDZIECLTMO
Dividend yield – 1.0% 0.3%
Net buyback yield – 1.3% –
Shareholder yield – 2.3% 0.3%
Payout ratio (earnings) – 37.4% –
Payout ratio (FCF) – 42.6% –
Dividend growth (1Y) – 13.4% –
Dividend CAGR (3Y) – 9.3% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDZIECLTMO
Forward P/E – 36.6xFY2026 26.4xFY2026
EPS, next fiscal year $-0.54FY2026 $7.90FY2026 $25.91FY2026
EPS growth, next FY – +4.9%FY2026 +13.3%FY2026
EPS growth, the year after – +23.2% +2.0%
Revenue, next fiscal year $8.61MFY2026 $17.26BFY2026 $50.12BFY2026
Revenue growth, next FY -47.2%FY2026 +7.3%FY2026 +12.5%FY2026
Revenue growth, the year after +109.5% +5.4% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDZIECLTMO
Held by institutions 46.7% 80.0% 90.2%
Institutions holding 117 1,710 2,621
Change in shares held, QoQ +4.0% +1.4% +0.8%
Institutions buying 54 762 1,141
Institutions selling 39 679 1,144
Buyers to sellers 1.38 1.12 1.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDZIECLTMO
CDZI 1.00 0.10 0.09
ECL 0.10 1.00 0.22
TMO 0.09 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDZI, ECL and TMO?

Thermo Fisher Scientific (TMO) is the largest by market capitalisation: Cadiz (CDZI) $377.81M, Ecolab (ECL) $82.56B, Thermo Fisher Scientific (TMO) $259.04B.

Which stock is cheaper, CDZI, ECL and TMO?

Thermo Fisher Scientific (TMO) trades on the lowest price-to-earnings ratio (Cadiz (CDZI) -9.2x, Ecolab (ECL) 39.0x, Thermo Fisher Scientific (TMO) 36.6x). On next year's consensus earnings, Thermo Fisher Scientific (TMO) is cheapest (Ecolab (ECL) 36.6x, Thermo Fisher Scientific (TMO) 26.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Thermo Fisher Scientific (TMO) grew revenue fastest over the trailing twelve months: Cadiz (CDZI) -4.8%, Ecolab (ECL) +7.1%, Thermo Fisher Scientific (TMO) +8.3%.

Which company is more profitable?

Ecolab (ECL) has the highest net margin (Cadiz (CDZI) -286.1%, Ecolab (ECL) 12.6%).

Which stock has performed better?

Over the past year Thermo Fisher Scientific (TMO) returned the most: Cadiz (CDZI) -17.2%, Ecolab (ECL) +4.2%, Thermo Fisher Scientific (TMO) +19.6%. Over five years, Ecolab (ECL) compounded fastest (Cadiz (CDZI) -6.4%/yr, Ecolab (ECL) +5.5%/yr, Thermo Fisher Scientific (TMO) +2.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Cadiz (CDZI) 0.00%, Ecolab (ECL) 0.01%, Thermo Fisher Scientific (TMO) 0.00%. Cadiz (CDZI) and Thermo Fisher Scientific (TMO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ecolab (ECL) has been the steadiest (Cadiz (CDZI) 66.6%, Ecolab (ECL) 21.9%, Thermo Fisher Scientific (TMO) 29.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDZI, ECL and TMO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Thermo Fisher Scientific (TMO) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.