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Side-by-side financial comparison of CADIZ INC (CDZI) and Freight Technologies, Inc. (FRGT). Click either name above to swap in a different company.

CADIZ INC is the larger business by last-quarter revenue ($5.1M vs $3.0M, roughly 1.7× Freight Technologies, Inc.).

Cadiz Inc is a U.S.-based natural resources and sustainable development company focused on managing water resources, agricultural land, and renewable energy projects. It operates primarily in California, serving municipal, agricultural, and commercial clients with reliable water supply solutions and land stewardship services.

A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper by liaising with carriers. The carriers may use a variety of shipping modes, including ships, airplanes, trucks, and railroads, and often use multiple modes for a single shipment. A freight forwarder does not move the goods but acts as an agent in the logistics network and will carry out freight consolidation, rate negotiations, shipment tracking, cu...

CDZI vs FRGT — Head-to-Head

Bigger by revenue
CDZI
CDZI
1.7× larger
CDZI
$5.1M
$3.0M
FRGT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CDZI
CDZI
FRGT
FRGT
Revenue
$5.1M
$3.0M
Net Profit
$649.2K
Gross Margin
33.0%
Operating Margin
-145.4%
-49.2%
Net Margin
21.7%
Revenue YoY
7.0%
Net Profit YoY
EPS (diluted)
$0.02

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
CDZI
CDZI
FRGT
FRGT
Q4 25
$5.1M
Q3 25
$4.1M
Q2 25
$4.1M
$3.0M
Q1 25
$3.0M
$4.1M
Q4 24
$4.8M
Q3 24
$3.2M
Q2 24
$513.0K
Q1 24
$1.1M
Net Profit
CDZI
CDZI
FRGT
FRGT
Q4 25
Q3 25
$-7.1M
Q2 25
$-7.7M
$649.2K
Q1 25
$-9.6M
$-1.6M
Q4 24
Q3 24
$-6.8M
Q2 24
$-8.9M
Q1 24
$-6.8M
Gross Margin
CDZI
CDZI
FRGT
FRGT
Q4 25
33.0%
Q3 25
27.3%
Q2 25
35.4%
Q1 25
29.7%
Q4 24
36.1%
Q3 24
25.3%
Q2 24
Q1 24
10.4%
Operating Margin
CDZI
CDZI
FRGT
FRGT
Q4 25
-145.4%
Q3 25
-118.0%
Q2 25
-140.0%
-49.2%
Q1 25
-255.0%
-35.7%
Q4 24
-139.5%
Q3 24
-147.9%
Q2 24
-1354.6%
Q1 24
-437.8%
Net Margin
CDZI
CDZI
FRGT
FRGT
Q4 25
Q3 25
-170.5%
Q2 25
-187.3%
21.7%
Q1 25
-324.7%
-39.1%
Q4 24
Q3 24
-210.7%
Q2 24
-1729.4%
Q1 24
-611.1%
EPS (diluted)
CDZI
CDZI
FRGT
FRGT
Q4 25
Q3 25
Q2 25
$0.02
Q1 25
$-0.73
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
CDZI
CDZI
FRGT
FRGT
Cash + ST InvestmentsLiquidity on hand
$8.6M
$586.7K
Total DebtLower is stronger
$72.7M
Stockholders' EquityBook value
$23.3M
$8.8M
Total Assets
$140.9M
$17.1M
Debt / EquityLower = less leverage
3.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDZI
CDZI
FRGT
FRGT
Q4 25
$8.6M
Q3 25
$4.4M
Q2 25
$13.2M
$586.7K
Q1 25
$21.6M
$416.5K
Q4 24
$17.3M
Q3 24
$3.3M
Q2 24
$10.1M
Q1 24
$19.2M
Total Debt
CDZI
CDZI
FRGT
FRGT
Q4 25
$72.7M
Q3 25
Q2 25
Q1 25
Q4 24
$56.7M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CDZI
CDZI
FRGT
FRGT
Q4 25
$23.3M
Q3 25
$27.7M
Q2 25
$35.6M
$8.8M
Q1 25
$44.0M
$6.2M
Q4 24
$34.0M
Q3 24
$20.7M
Q2 24
$27.6M
Q1 24
$36.6M
Total Assets
CDZI
CDZI
FRGT
FRGT
Q4 25
$140.9M
Q3 25
$128.0M
Q2 25
$136.4M
$17.1M
Q1 25
$145.6M
$13.4M
Q4 24
$134.5M
Q3 24
$112.6M
Q2 24
$118.1M
Q1 24
$118.1M
Debt / Equity
CDZI
CDZI
FRGT
FRGT
Q4 25
3.13×
Q3 25
Q2 25
Q1 25
Q4 24
1.67×
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
CDZI
CDZI
FRGT
FRGT
Operating Cash FlowLast quarter
$-6.9M
$-1.9M
Free Cash FlowOCF − Capex
$-8.2M
FCF MarginFCF / Revenue
-162.2%
Capex IntensityCapex / Revenue
26.1%
Cash ConversionOCF / Net Profit
-2.99×
TTM Free Cash FlowTrailing 4 quarters
$-26.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDZI
CDZI
FRGT
FRGT
Q4 25
$-6.9M
Q3 25
$-7.0M
Q2 25
$-1.4M
$-1.9M
Q1 25
$-3.6M
$-3.1M
Q4 24
$-6.2M
Q3 24
$-5.4M
Q2 24
$-7.1M
Q1 24
$-2.9M
Free Cash Flow
CDZI
CDZI
FRGT
FRGT
Q4 25
$-8.2M
Q3 25
$-7.5M
Q2 25
$-5.9M
Q1 25
$-4.9M
Q4 24
$-6.6M
Q3 24
$-5.4M
Q2 24
$-7.3M
Q1 24
$-3.1M
FCF Margin
CDZI
CDZI
FRGT
FRGT
Q4 25
-162.2%
Q3 25
-179.8%
Q2 25
-142.2%
Q1 25
-167.0%
Q4 24
-139.4%
Q3 24
-168.8%
Q2 24
-1431.6%
Q1 24
-272.9%
Capex Intensity
CDZI
CDZI
FRGT
FRGT
Q4 25
26.1%
Q3 25
10.8%
Q2 25
109.3%
Q1 25
43.6%
Q4 24
8.7%
Q3 24
1.7%
Q2 24
54.8%
Q1 24
16.6%
Cash Conversion
CDZI
CDZI
FRGT
FRGT
Q4 25
Q3 25
Q2 25
-2.99×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CDZI
CDZI

Water Treatment$4.4M86%
Other$724.0K14%

FRGT
FRGT

Frieght Transportation Brokerage$2.1M70%
Other$883.4K30%

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