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Side-by-side financial comparison of Canaan Inc. (CAN) and Consolidated Water Co. Ltd. (CWCO). Click either name above to swap in a different company.

Consolidated Water Co. Ltd. is the larger business by last-quarter revenue ($29.6M vs $20.8M, roughly 1.4× Canaan Inc.). Consolidated Water Co. Ltd. runs the higher net margin — 10.3% vs -18.4%, a 28.7% gap on every dollar of revenue.

Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.

CAN vs CWCO — Head-to-Head

Bigger by revenue
CWCO
CWCO
1.4× larger
CWCO
$29.6M
$20.8M
CAN
Higher net margin
CWCO
CWCO
28.7% more per $
CWCO
10.3%
-18.4%
CAN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CAN
CAN
CWCO
CWCO
Revenue
$20.8M
$29.6M
Net Profit
$-3.8M
$3.0M
Gross Margin
99.9%
34.7%
Operating Margin
-15.9%
9.1%
Net Margin
-18.4%
10.3%
Revenue YoY
4.4%
Net Profit YoY
91.5%
EPS (diluted)
$-0.05
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAN
CAN
CWCO
CWCO
Q4 25
$20.8M
$29.6M
Q3 25
$13.8M
$35.1M
Q2 25
$11.4M
$33.6M
Q1 25
$33.7M
Q4 24
$28.4M
Q3 24
$10.2M
$33.4M
Q2 24
$4.8M
$32.5M
Q1 24
$39.7M
Net Profit
CAN
CAN
CWCO
CWCO
Q4 25
$-3.8M
$3.0M
Q3 25
$-1.5M
$5.5M
Q2 25
$-11.9M
$5.1M
Q1 25
$4.8M
Q4 24
$1.6M
Q3 24
$-10.4M
$4.5M
Q2 24
$-5.4M
$15.9M
Q1 24
$6.5M
Gross Margin
CAN
CAN
CWCO
CWCO
Q4 25
99.9%
34.7%
Q3 25
99.9%
36.9%
Q2 25
99.9%
38.2%
Q1 25
36.5%
Q4 24
29.9%
Q3 24
99.9%
34.8%
Q2 24
99.8%
35.8%
Q1 24
35.0%
Operating Margin
CAN
CAN
CWCO
CWCO
Q4 25
-15.9%
9.1%
Q3 25
-27.0%
16.4%
Q2 25
-45.5%
15.7%
Q1 25
13.7%
Q4 24
3.8%
Q3 24
-77.2%
14.6%
Q2 24
-193.9%
15.4%
Q1 24
18.4%
Net Margin
CAN
CAN
CWCO
CWCO
Q4 25
-18.4%
10.3%
Q3 25
-11.0%
15.8%
Q2 25
-104.4%
15.2%
Q1 25
14.2%
Q4 24
5.6%
Q3 24
-102.7%
13.3%
Q2 24
-112.3%
48.8%
Q1 24
16.3%
EPS (diluted)
CAN
CAN
CWCO
CWCO
Q4 25
$-0.05
$0.18
Q3 25
$-0.02
$0.34
Q2 25
$-0.25
$0.32
Q1 25
$0.30
Q4 24
$0.10
Q3 24
$0.28
Q2 24
$0.99
Q1 24
$0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAN
CAN
CWCO
CWCO
Cash + ST InvestmentsLiquidity on hand
$123.8M
Total DebtLower is stronger
$6.2M
Stockholders' EquityBook value
$52.4M
$221.7M
Total Assets
$92.5M
$257.6M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAN
CAN
CWCO
CWCO
Q4 25
$123.8M
Q3 25
$123.6M
Q2 25
$112.2M
Q1 25
$107.9M
Q4 24
$99.4M
Q3 24
$104.9M
Q2 24
$96.7M
Q1 24
$46.2M
Total Debt
CAN
CAN
CWCO
CWCO
Q4 25
$6.2M
Q3 25
$6.2M
Q2 25
$6.2M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CAN
CAN
CWCO
CWCO
Q4 25
$52.4M
$221.7M
Q3 25
$44.7M
$220.4M
Q2 25
$33.8M
$216.6M
Q1 25
$213.3M
Q4 24
$210.0M
Q3 24
$43.6M
$209.8M
Q2 24
$56.8M
$206.7M
Q1 24
$192.1M
Total Assets
CAN
CAN
CWCO
CWCO
Q4 25
$92.5M
$257.6M
Q3 25
$81.7M
$257.2M
Q2 25
$78.0M
$257.5M
Q1 25
$250.4M
Q4 24
$243.3M
Q3 24
$69.3M
$238.4M
Q2 24
$73.7M
$235.2M
Q1 24
$223.2M
Debt / Equity
CAN
CAN
CWCO
CWCO
Q4 25
0.12×
Q3 25
0.14×
Q2 25
0.18×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAN
CAN
CWCO
CWCO
Operating Cash FlowLast quarter
$5.8M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
8.1%
Cash ConversionOCF / Net Profit
1.90×
TTM Free Cash FlowTrailing 4 quarters
$33.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAN
CAN
CWCO
CWCO
Q4 25
$5.8M
Q3 25
$15.4M
Q2 25
$8.8M
Q1 25
$11.8M
Q4 24
$-742.0K
Q3 24
$10.4M
Q2 24
$21.0M
Q1 24
$6.0M
Free Cash Flow
CAN
CAN
CWCO
CWCO
Q4 25
$3.4M
Q3 25
$13.5M
Q2 25
$6.1M
Q1 25
$10.2M
Q4 24
$-3.7M
Q3 24
$8.3M
Q2 24
$19.8M
Q1 24
$5.4M
FCF Margin
CAN
CAN
CWCO
CWCO
Q4 25
11.4%
Q3 25
38.4%
Q2 25
18.3%
Q1 25
30.1%
Q4 24
-13.0%
Q3 24
24.9%
Q2 24
60.8%
Q1 24
13.7%
Capex Intensity
CAN
CAN
CWCO
CWCO
Q4 25
8.1%
Q3 25
5.5%
Q2 25
7.8%
Q1 25
4.7%
Q4 24
10.4%
Q3 24
6.1%
Q2 24
3.7%
Q1 24
1.3%
Cash Conversion
CAN
CAN
CWCO
CWCO
Q4 25
1.90×
Q3 25
2.79×
Q2 25
1.72×
Q1 25
2.45×
Q4 24
-0.47×
Q3 24
2.32×
Q2 24
1.32×
Q1 24
0.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAN
CAN

Segment breakdown not available.

CWCO
CWCO

Services Revenues$10.5M35%
Transferred At Point In Time$8.5M29%
Operations And Maintenance$8.4M28%
Transferred Over Time$1.9M7%

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