Cadiz (CDZI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cadiz

NasdaqGM•Industrials•Pollution & Treatment Controls

$4.17+0.16(0.04%)Market closed

Market Cap

$299.56M

P/S

25.3x

P/B

64.2x

Cadiz Inc., together with its subsidiaries, provides water solutions in the United States. The company operates in two segments, Land and Water Resources; and Water Filtration Technology. It offers water supply, water storage, and water conveyance, and wastewater treatment services, as well as local distribution systems and products. The company also provides water filtration solutions for impaired or contaminated groundwater sources. In addition, it is involved in the cultivation of grain crops, including alfalfa. The company serves public and private water systems, government agencies, and commercial businesses. Cadiz Inc. was founded in 1983 and is based in Los Angeles, California.

How this company scores

PoorMetricSide Score: 12/100

Grade capped at D — Interest coverage below 1× (-2.4x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (6/25); weakest: Profitability (0/25).

Profitability0/25

Growth5/25

Balance Sheet & Red Flags1/25

Cash & Earnings Quality6/25

Grade capped at D

Interest coverage below 1× (-2.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 25.3x5y range 16.3x – 499.7x

Currently below its 20-quarter median.

P/B · 64.2x5y range 2.1x – 64.2x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $299.56M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $11.84M
Q. Revenue: $979,000
TTM EBITDA: $-26.53M
TTM Op. Income: $-27.96M
Q. Op. Income: $-8.84M
TTM Net Income: $-36.84M
Q. Net Income: $-11.37M
EPS: $-0.15
Shares Out.: $84.15M

$11.84M in TTM revenue declined 21.3% YoY, reaching $979,000 last quarter. TTM EBITDA of $-26.53M and TTM operating income of $-27.96M show growth is flowing through to the bottom line. However, net income is negative at $36.84M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: -2.5%
EBITDA Margin: -862.9%
Op. Margin: -902.5%
Net Margin: -1161.8%

Op. margin of -902.5% is down 762.4% YoY — costs are rising relative to revenue. Net margin at -1161.8% and gross margin of -2.5% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 25.3x
P/B Ratio: 64.2x

P/S of 25.3x and P/B of 64.2x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $134.76M
Cash: $5.32M
Long-Term Debt: $86.98M
Book Value: $4.67M
D/E Ratio: 18.6
Debt/EBITDA: N/A

With $134.76M in assets and $86.98M in long-term debt, D/E is 18.6and book value is $4.67M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 5 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-6.65M
TTM Free Cash Flow: $-31.23M
FCF Margin: -263.6%
FCF / Net Income: 0.8

TTM FCF of $-31.23M on $-6.65M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.