Cadiz (CDZI) Gross Margin (2010 - 2026)

Cadiz (CDZI) posted Gross Margin of 33.03% for Q4 2025, up 20.83% sequentially from 27.33% in Q3 2025, and down 312.0% YoY from 15.58% in Q4 2024.

Analysis

Cadiz (CDZI) Gross Margin (2010 - 2026) Analysis & Trends

Cadiz has reported Gross Margin for 11 years, with the latest figure at 33.03% in Q4 2025.

Quarterly Gross Margin fell 312.0% year-over-year to 33.03% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 31.57% (up 753.0% YoY) and the FY2025 annual result came in at 31.57%, up 753.0% from the prior year.
Gross Margin grew to 33.03% in Q4 2025 per CDZI's latest filing, from 27.33% in the prior quarter.
Over five years, Gross Margin peaked at 100.0% in Q3 2021 and troughed at 105.41% in Q4 2023.
A 5-year average of 10.25% and a median of 27.33% in 2025 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 19416 bps in 2022, then jumped 14156 bps in 2024.
Over 5 years, Gross Margin stood at 100.0% in 2021, then tumbled by 157 bps to 57.49% in 2022, then slumped by 83 bps to 105.41% in 2023, then surged by 134 bps to 36.15% in 2024, then decreased by 9 bps to 33.03% in 2025.
According to Business Quant data, Gross Margin over the past three periods registered 33.03%, 27.33%, and 35.41% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	American Water Works Company	27.53 Bn	27.34 Bn	874.00 Mn	64.50%
2	Essential Utilities	11.89 Bn	11.88 Bn	377.22 Mn	71.06%
3	American States Water	3.52 Bn	3.50 Bn	169.26 Mn	93.36%
4	California Water Service	3.04 Bn	2.95 Bn	263.45 Mn	85.37%
5	H2O America	2.69 Bn	2.58 Bn	197.11 Mn	93.65%
6	Middlesex Water	1.09 Bn	1.09 Bn	30.96 Mn	54.93%
7	York Water	543.93 Mn	543.38 Mn	17.56 Mn	74.68%
8	Consolidated Water	467.05 Mn	334.42 Mn	10.96 Mn	33.35%
9	Artesian Resources	374.18 Mn	364.37 Mn	29.37 Mn	95.78%
10	Cadiz	345.42 Mn	340.10 Mn	-24,000.00	-2.45%

Historic Data

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