A Business at a Glance
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CADIZ INC
CDZI
$258M
Mkt Cap
$3.16
-1.25%
CADIZ INC (CDZI) has a 5-year average return on invested capital (ROIC) of -42.8%. This is below average and may indicate limited pricing power.
CADIZ INC (CDZI) has a market capitalization of $258M. It is classified as a small-cap stock.
Yes, CADIZ INC (CDZI) pays a dividend with a trailing twelve-month yield of 1.98%.
CADIZ INC (CDZI) operates in the Water Supply industry, within the Utilities sector.
CADIZ INC (CDZI) generated $-27 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
CADIZ INC (CDZI) has a debt-to-equity ratio of 3.28. This indicates higher leverage, which may increase financial risk.
CADIZ INC (CDZI) reported earnings per share (EPS) of $-0.48 in its most recent fiscal year.
CADIZ INC (CDZI) has a return on equity (ROE) of -137.1%. A negative ROE may indicate losses or negative equity.
Business Overview We are a water solutions provider with a unique combination of land, water, pipeline and water filtration assets located in Southern California between major water systems serving population centers in the Southwestern United States. Our portfolio of assets includes 2.5 million acre-feet of permitted water supply, 1 million acre-feet of groundwater storage capacity, 220 miles of existing, underground pipeline, 43 miles of right-of-way entitlements for pipeline construction, and versatile, scalable and cost-effective water filtration technology that removes contaminants and constituents of concern from groundwater. Our customers are public and private water systems, government agencies and commercial businesses. We own approximately 46,000 acres of land with high-quality, naturally recharging groundwater resources in Southern California’s Mojave Desert (“Cadiz Property”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | - | - | - | - |
| Net Income | -39M | -39M | -36M | -37M | -30M | -34M |
| EPS | $-0.48 | $-0.48 | $-0.53 | $-0.56 | $-0.60 | $-0.84 |
| Free Cash Flow | -27M | -27M | -22M | -27M | -22M | -38M |
| ROIC | -22.2% | -42.0% | -43.1% | -45.4% | -35.1% | -48.4% |
| Gross Margin | - | 0.0% | - | - | - | - |
| Debt/Equity | 3.28 | 3.28 | 1.78 | 0.96 | 1.45 | 1.23 |
| Dividends/Share | $0.06 | $0.06 | $0.07 | $0.08 | $0.10 | $0.04 |
| Operating Income | -26M | -26M | -23M | -21M | -17M | -18M |
| Operating Margin | 0.0% | 0.0% | - | - | - | - |
| ROE | -168.7% | -137.1% | -98.1% | -98.5% | -79.9% | -444.0% |
| Shares Outstanding | 82M | 82M | 68M | 65M | 50M | 40M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 10M | 14M | 9.3M | 13M | 11M | 12M | 12M | 18M | 15M | 19M | 24M | 29M | 29M |
| EBIT | -10M | -14M | -9.2M | -13M | -11M | -12M | -12M | -18M | -17M | -21M | -23M | -26M | -26M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Net Income | -19M | -24M | -26M | -34M | -26M | -30M | -38M | -34M | -30M | -37M | -36M | -39M | -39M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -30.3% | -41.5% | -53.1% | -72.7% | -55.3% | -56.0% | -27.4% | -48.4% | -35.1% | -45.4% | -43.1% | -42.0% | -22.2% |
| ROE | 49.5% | 49.9% | 47.5% | 50.9% | 31.9% | 35.1% | 70.4% | -444.0% | -79.9% | -98.5% | -98.1% | -137.1% | -168.7% |
| ROA | -28.5% | -39.0% | -43.2% | -50.7% | -38.7% | -40.4% | -50.1% | -36.4% | -26.8% | -33.5% | -30.0% | -28.5% | -27.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -10M | -13M | -9.5M | -10M | -12M | -14M | -13M | -15M | -19M | -21M | -22M | -19M | -19M |
| Free Cash Flow | -10M | -13M | -9.5M | -11M | -14M | -15M | -19M | -38M | -22M | -27M | -22M | -27M | -27M |
| Owner Earnings | -11M | -14M | -11M | -13M | -13M | -15M | -16M | -20M | -21M | -24M | -27M | -25M | -25M |
| CapEx | 72K | 906K | 0 | 1.0M | 1.7M | 1.6M | 5.7M | 23M | 3.4M | 5.8M | 934K | 7.6M | 7.6M |
| Maint. CapEx | 254K | 270K | 292K | 274K | 258K | 265K | 381K | 423K | 654K | 1.2M | 1.2M | 1.3M | 1.3M |
| Growth CapEx | 0 | 636K | N/A | 732K | 1.5M | 1.3M | 5.3M | 22M | 2.7M | 4.5M | 0 | 6.3M | 6.3M |
| D&A | 254K | 270K | 292K | 274K | 258K | 265K | 381K | 423K | 654K | 1.2M | 1.2M | 1.3M | 1.3M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | 4.0% | 2.1% | 2.4% | N/A | 2.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 1.1M | 1.1M | 1.3M | 2.3M | 473K | 562K | 2.1M | 4.7M | 1.9M | 1.5M | 4.6M | 5.3M | 5.3M |
| Debt Repayment | 11K | 42K | 11M | 45M | 56K | 59K | 43K | 78M | 170K | 15M | 177K | 127K | 127K |
| Balance Sheet | |||||||||||||
| Net Debt | 88M | 105M | 90M | 112M | 138M | 138M | 71M | 39M | 40M | 34M | 43M | 68M | 68M |
| Cash & Equiv. | 16M | 2.7M | 12M | 13M | 13M | 16M | 7.3M | 11M | 10.0M | 4.5M | 17M | 8.6M | 8.6M |
| Long-Term Debt | 104M | 108M | 102M | 124M | 136M | 138M | 79M | 46M | 49M | 38M | 57M | 73M | 73M |
| Debt/Equity | -2.63 | -1.91 | -1.89 | -1.59 | -1.75 | -1.87 | -3.11 | 1.23 | 1.45 | 0.96 | 1.78 | 3.28 | 3.28 |
| Interest Coverage | -1.2 | -1.4 | -0.6 | -0.7 | -0.7 | -0.7 | -1.0 | -1.5 | -2.0 | -4.2 | -3.0 | -3.0 | -3.0 |
| Equity | -40M | -56M | -54M | -79M | -86M | -82M | -25M | 41M | 34M | 40M | 34M | 23M | 23M |
| Total Assets | 68M | 55M | 67M | 67M | 69M | 77M | 74M | 112M | 111M | 107M | 134M | 141M | 141M |
| Total Liabilities | 108M | 111M | 121M | 145M | 156M | 159M | 100M | 72M | 77M | 67M | 101M | 118M | 118M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Retained Earnings | -360M | -384M | -410M | -444M | -470M | -502M | -539M | -573M | -603M | -640M | -676M | -692M | -692M |
| Working Capital | 15M | 1.2M | 11M | 7.0M | 8.9M | 11M | 4.9M | 11M | 6.8M | 2.2M | 11M | 2.9M | 2.9M |
| Current Assets | 17M | 3.2M | 16M | 13M | 13M | 16M | 8.0M | 13M | 12M | 8.0M | 26M | 16M | 16M |
| Current Liabilities | 1.9M | 2.0M | 4.6M | 6.5M | 4.1M | 4.8M | 3.1M | 2.5M | 5.6M | 5.8M | 14M | 13M | 13M |
| Per Share Data | |||||||||||||
| EPS | -1.15 | -1.35 | -1.41 | -1.50 | -1.09 | -1.11 | -1.11 | -0.84 | -0.60 | -0.56 | -0.53 | -0.48 | -0.48 |
| Owner EPS | -0.70 | -0.78 | -0.59 | -0.58 | -0.54 | -0.55 | -0.47 | -0.51 | -0.42 | -0.36 | -0.40 | -0.31 | -0.31 |
| Book Value | -2.42 | -3.18 | -2.91 | -3.49 | -3.58 | -3.09 | -0.74 | 1.00 | 0.69 | 0.61 | 0.50 | 0.28 | 0.28 |
| Cash Flow/Share | -0.62 | -0.71 | -0.51 | -0.46 | -0.51 | -0.52 | -0.39 | -0.38 | -0.37 | -0.32 | -0.31 | -0.23 | -0.46 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.04 | 0.10 | 0.08 | 0.07 | 0.06 | 0.06 |
| Shares Out. | 16.4M | 17.8M | 18.7M | 22.6M | 24.1M | 26.6M | 34.1M | 40.5M | 49.8M | 65.3M | 68.4M | 81.7M | 81.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -6.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.1 | 4.9 | 5.9 | 11.9 | N/A | 11.1 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | -5.2% | N/A | N/A | -3.6% | -5.6% | -5.2% | -5.2% | -15.3% | -13.1% | -11.3% | -5.5% | N/A | -10.3% |
| Market Cap | 195M | 0 | 0 | 322M | 249M | 295M | 372M | 250M | 168M | 236M | 405M | 0 | 258M |
| Avg. Price | 8.90 | 0.00 | 0.00 | 13.51 | 12.46 | 10.91 | 10.28 | 10.17 | 2.54 | 3.81 | 3.07 | 0.00 | 3.16 |
| Year-End Price | 11.89 | 0.00 | 0.00 | 14.25 | 10.32 | 11.10 | 10.91 | 3.75 | 2.50 | 2.89 | 4.95 | 0.00 | 3.16 |
CADIZ INC passes 0 of 9 quality checks, indicating weak fundamentals.
Total shareholder yield (dividends) is 2.0%.
The Ledger Terminal provides 17 years of financial data for CADIZ INC (CDZI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CADIZ INC (CDZI) has a book value per share of $0.28, based on its most recent annual SEC filing.