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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and CALIFORNIA WATER SERVICE GROUP (CWT). Click either name above to swap in a different company.

CALIFORNIA WATER SERVICE GROUP is the larger business by last-quarter revenue ($210.7M vs $182.4M, roughly 1.2× Climb Global Solutions, Inc.). CALIFORNIA WATER SERVICE GROUP runs the higher net margin — 5.4% vs 1.8%, a 3.6% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs -3.3%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 16.6%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

California Water Service Group (CWSG) is an American public utility company providing drinking water and wastewater services. It is the third-largest investor-owned publicly traded water utility in the United States, serving roughly two million people through its subsidiary companies in California, Hawaii, New Mexico and Washington. CWSG was formed in 1997 as a new holding company for California Water Service to expand into other states regulated by their own public utilities commissions, and...

CLMB vs CWT — Head-to-Head

Bigger by revenue
CWT
CWT
1.2× larger
CWT
$210.7M
$182.4M
CLMB
Growing faster (revenue YoY)
CLMB
CLMB
+35.4% gap
CLMB
32.1%
-3.3%
CWT
Higher net margin
CWT
CWT
3.6% more per $
CWT
5.4%
1.8%
CLMB
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
16.6%
CWT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
CWT
CWT
Revenue
$182.4M
$210.7M
Net Profit
$3.3M
$11.5M
Gross Margin
14.5%
Operating Margin
2.1%
12.2%
Net Margin
1.8%
5.4%
Revenue YoY
32.1%
-3.3%
Net Profit YoY
-9.5%
-41.0%
EPS (diluted)
$0.18
$0.19

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
CLMB
CLMB
CWT
CWT
Q1 26
$182.4M
Q4 25
$193.8M
$210.7M
Q3 25
$161.3M
$314.1M
Q2 25
$159.3M
$256.2M
Q1 25
$138.0M
$182.7M
Q4 24
$161.8M
$217.8M
Q3 24
$119.3M
$306.2M
Q2 24
$92.1M
$226.7M
Net Profit
CLMB
CLMB
CWT
CWT
Q1 26
$3.3M
Q4 25
$7.0M
$11.5M
Q3 25
$4.7M
$61.2M
Q2 25
$6.0M
$42.2M
Q1 25
$3.7M
$13.3M
Q4 24
$7.0M
$19.5M
Q3 24
$5.5M
$60.7M
Q2 24
$3.4M
$40.6M
Gross Margin
CLMB
CLMB
CWT
CWT
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
Q2 25
16.5%
Q1 25
16.9%
Q4 24
19.3%
Q3 24
20.3%
Q2 24
20.2%
Operating Margin
CLMB
CLMB
CWT
CWT
Q1 26
2.1%
Q4 25
4.9%
12.2%
Q3 25
4.3%
22.5%
Q2 25
5.0%
20.2%
Q1 25
3.5%
12.2%
Q4 24
7.2%
14.8%
Q3 24
7.1%
21.8%
Q2 24
4.6%
21.2%
Net Margin
CLMB
CLMB
CWT
CWT
Q1 26
1.8%
Q4 25
3.6%
5.4%
Q3 25
2.9%
19.5%
Q2 25
3.7%
16.5%
Q1 25
2.7%
7.3%
Q4 24
4.3%
8.9%
Q3 24
4.6%
19.8%
Q2 24
3.7%
17.9%
EPS (diluted)
CLMB
CLMB
CWT
CWT
Q1 26
$0.18
Q4 25
$1.51
$0.19
Q3 25
$1.02
$1.03
Q2 25
$1.30
$0.71
Q1 25
$0.81
$0.22
Q4 24
$1.52
$0.31
Q3 24
$1.19
$1.03
Q2 24
$0.75
$0.70

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
CWT
CWT
Cash + ST InvestmentsLiquidity on hand
$41.8M
$51.8M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$118.4M
$1.7B
Total Assets
$458.8M
$5.7B
Debt / EquityLower = less leverage
0.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
CWT
CWT
Q1 26
$41.8M
Q4 25
$36.6M
$51.8M
Q3 25
$49.8M
$76.0M
Q2 25
$28.6M
$50.5M
Q1 25
$32.5M
$44.5M
Q4 24
$29.8M
$50.1M
Q3 24
$22.1M
$59.6M
Q2 24
$48.4M
$37.3M
Total Debt
CLMB
CLMB
CWT
CWT
Q1 26
Q4 25
$1.5B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
Q2 24
Stockholders' Equity
CLMB
CLMB
CWT
CWT
Q1 26
$118.4M
Q4 25
$116.6M
$1.7B
Q3 25
$109.3M
$1.7B
Q2 25
$105.2M
$1.7B
Q1 25
$95.6M
$1.6B
Q4 24
$90.6M
$1.6B
Q3 24
$87.7M
$1.6B
Q2 24
$79.8M
$1.5B
Total Assets
CLMB
CLMB
CWT
CWT
Q1 26
$458.8M
Q4 25
$460.2M
$5.7B
Q3 25
$376.1M
$5.5B
Q2 25
$420.7M
$5.4B
Q1 25
$370.1M
$5.3B
Q4 24
$469.2M
$5.2B
Q3 24
$371.9M
$5.0B
Q2 24
$302.8M
$4.9B
Debt / Equity
CLMB
CLMB
CWT
CWT
Q1 26
Q4 25
0.87×
Q3 25
0.65×
Q2 25
0.67×
Q1 25
0.68×
Q4 24
0.67×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
CLMB
CLMB
CWT
CWT
Operating Cash FlowLast quarter
$47.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
CWT
CWT
Q1 26
Q4 25
$-11.9M
$47.9M
Q3 25
$22.2M
$167.3M
Q2 25
$-2.2M
$48.9M
Q1 25
$8.5M
$38.4M
Q4 24
$16.0M
$68.1M
Q3 24
$-3.6M
$101.8M
Q2 24
$7.3M
$94.4M
Cash Conversion
CLMB
CLMB
CWT
CWT
Q1 26
Q4 25
-1.70×
4.17×
Q3 25
4.73×
2.73×
Q2 25
-0.37×
1.16×
Q1 25
2.30×
2.88×
Q4 24
2.29×
3.50×
Q3 24
-0.66×
1.68×
Q2 24
2.13×
2.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLMB
CLMB

Segment breakdown not available.

CWT
CWT

Residential$133.2M63%
Business$47.7M23%
Public Authorities$13.4M6%
Industrial$6.9M3%
Non Regulated Services$4.8M2%
Other Non Regulated Service$1.2M1%

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