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Side-by-side financial comparison of Consolidated Water Co. Ltd. (CWCO) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

i3 Verticals, Inc. is the larger business by last-quarter revenue ($52.7M vs $29.6M, roughly 1.8× Consolidated Water Co. Ltd.). Consolidated Water Co. Ltd. runs the higher net margin — 10.3% vs 0.9%, a 9.3% gap on every dollar of revenue. On growth, Consolidated Water Co. Ltd. posted the faster year-over-year revenue change (4.4% vs -14.6%). i3 Verticals, Inc. produced more free cash flow last quarter ($13.8M vs $3.4M). Over the past eight quarters, i3 Verticals, Inc.'s revenue compounded faster (-4.7% CAGR vs -13.6%).

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

The Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

CWCO vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.8× larger
IIIV
$52.7M
$29.6M
CWCO
Growing faster (revenue YoY)
CWCO
CWCO
+19.0% gap
CWCO
4.4%
-14.6%
IIIV
Higher net margin
CWCO
CWCO
9.3% more per $
CWCO
10.3%
0.9%
IIIV
More free cash flow
IIIV
IIIV
$10.4M more FCF
IIIV
$13.8M
$3.4M
CWCO
Faster 2-yr revenue CAGR
IIIV
IIIV
Annualised
IIIV
-4.7%
-13.6%
CWCO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CWCO
CWCO
IIIV
IIIV
Revenue
$29.6M
$52.7M
Net Profit
$3.0M
$484.0K
Gross Margin
34.7%
Operating Margin
9.1%
3.1%
Net Margin
10.3%
0.9%
Revenue YoY
4.4%
-14.6%
Net Profit YoY
91.5%
-76.5%
EPS (diluted)
$0.18
$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
CWCO
CWCO
IIIV
IIIV
Q4 25
$29.6M
$52.7M
Q3 25
$35.1M
$46.0M
Q2 25
$33.6M
$51.9M
Q1 25
$33.7M
$63.1M
Q4 24
$28.4M
$52.2M
Q3 24
$33.4M
$32.0M
Q2 24
$32.5M
$46.2M
Q1 24
$39.7M
$58.0M
Net Profit
CWCO
CWCO
IIIV
IIIV
Q4 25
$3.0M
$484.0K
Q3 25
$5.5M
$3.1M
Q2 25
$5.1M
$12.9M
Q1 25
$4.8M
$-154.0K
Q4 24
$1.6M
$2.1M
Q3 24
$4.5M
$117.9M
Q2 24
$15.9M
$-7.5M
Q1 24
$6.5M
$1.9M
Gross Margin
CWCO
CWCO
IIIV
IIIV
Q4 25
34.7%
Q3 25
36.9%
Q2 25
38.2%
Q1 25
36.5%
Q4 24
29.9%
Q3 24
34.8%
Q2 24
35.8%
Q1 24
35.0%
Operating Margin
CWCO
CWCO
IIIV
IIIV
Q4 25
9.1%
3.1%
Q3 25
16.4%
3.2%
Q2 25
15.7%
-9.3%
Q1 25
13.7%
8.0%
Q4 24
3.8%
3.9%
Q3 24
14.6%
10.6%
Q2 24
15.4%
-2.8%
Q1 24
18.4%
3.4%
Net Margin
CWCO
CWCO
IIIV
IIIV
Q4 25
10.3%
0.9%
Q3 25
15.8%
6.7%
Q2 25
15.2%
24.8%
Q1 25
14.2%
-0.2%
Q4 24
5.6%
3.9%
Q3 24
13.3%
368.2%
Q2 24
48.8%
-16.3%
Q1 24
16.3%
3.2%
EPS (diluted)
CWCO
CWCO
IIIV
IIIV
Q4 25
$0.18
$0.02
Q3 25
$0.34
$0.14
Q2 25
$0.32
$0.50
Q1 25
$0.30
$0.00
Q4 24
$0.10
$0.08
Q3 24
$0.28
$4.93
Q2 24
$0.99
$-0.32
Q1 24
$0.40
$0.08

Balance Sheet & Financial Strength

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

Metric
CWCO
CWCO
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$123.8M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$221.7M
$358.5M
Total Assets
$257.6M
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWCO
CWCO
IIIV
IIIV
Q4 25
$123.8M
$37.5M
Q3 25
$123.6M
$66.7M
Q2 25
$112.2M
$55.5M
Q1 25
$107.9M
$7.7M
Q4 24
$99.4M
$85.6M
Q3 24
$104.9M
$86.5M
Q2 24
$96.7M
$9.7M
Q1 24
$46.2M
$3.1M
Total Debt
CWCO
CWCO
IIIV
IIIV
Q4 25
Q3 25
$0
Q2 25
$0
Q1 25
$12.0M
Q4 24
$26.2M
Q3 24
$26.2M
Q2 24
$374.1M
Q1 24
$369.6M
Stockholders' Equity
CWCO
CWCO
IIIV
IIIV
Q4 25
$221.7M
$358.5M
Q3 25
$220.4M
$389.6M
Q2 25
$216.6M
$383.3M
Q1 25
$213.3M
$385.2M
Q4 24
$210.0M
$375.0M
Q3 24
$209.8M
$379.7M
Q2 24
$206.7M
$249.7M
Q1 24
$192.1M
$249.3M
Total Assets
CWCO
CWCO
IIIV
IIIV
Q4 25
$257.6M
$595.9M
Q3 25
$257.2M
$638.4M
Q2 25
$257.5M
$623.3M
Q1 25
$250.4M
$646.4M
Q4 24
$243.3M
$726.2M
Q3 24
$238.4M
$730.7M
Q2 24
$235.2M
$861.7M
Q1 24
$223.2M
$625.8M
Debt / Equity
CWCO
CWCO
IIIV
IIIV
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.03×
Q4 24
0.07×
Q3 24
0.07×
Q2 24
1.50×
Q1 24
1.48×

Cash Flow & Capital Efficiency

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

Metric
CWCO
CWCO
IIIV
IIIV
Operating Cash FlowLast quarter
$5.8M
$14.1M
Free Cash FlowOCF − Capex
$3.4M
$13.8M
FCF MarginFCF / Revenue
11.4%
26.2%
Capex IntensityCapex / Revenue
8.1%
0.6%
Cash ConversionOCF / Net Profit
1.90×
29.18×
TTM Free Cash FlowTrailing 4 quarters
$33.2M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWCO
CWCO
IIIV
IIIV
Q4 25
$5.8M
$14.1M
Q3 25
$15.4M
$14.0M
Q2 25
$8.8M
$7.4M
Q1 25
$11.8M
$-27.1M
Q4 24
$-742.0K
$11.5M
Q3 24
$10.4M
$15.1M
Q2 24
$21.0M
$8.1M
Q1 24
$6.0M
$10.7M
Free Cash Flow
CWCO
CWCO
IIIV
IIIV
Q4 25
$3.4M
$13.8M
Q3 25
$13.5M
$13.5M
Q2 25
$6.1M
$6.8M
Q1 25
$10.2M
$-27.6M
Q4 24
$-3.7M
$11.0M
Q3 24
$8.3M
$14.6M
Q2 24
$19.8M
$7.2M
Q1 24
$5.4M
$9.9M
FCF Margin
CWCO
CWCO
IIIV
IIIV
Q4 25
11.4%
26.2%
Q3 25
38.4%
29.5%
Q2 25
18.3%
13.1%
Q1 25
30.1%
-43.8%
Q4 24
-13.0%
21.1%
Q3 24
24.9%
45.6%
Q2 24
60.8%
15.6%
Q1 24
13.7%
17.1%
Capex Intensity
CWCO
CWCO
IIIV
IIIV
Q4 25
8.1%
0.6%
Q3 25
5.5%
0.9%
Q2 25
7.8%
1.0%
Q1 25
4.7%
0.8%
Q4 24
10.4%
0.9%
Q3 24
6.1%
1.7%
Q2 24
3.7%
1.9%
Q1 24
1.3%
1.4%
Cash Conversion
CWCO
CWCO
IIIV
IIIV
Q4 25
1.90×
29.18×
Q3 25
2.79×
4.52×
Q2 25
1.72×
0.57×
Q1 25
2.45×
Q4 24
-0.47×
5.59×
Q3 24
2.32×
0.13×
Q2 24
1.32×
Q1 24
0.92×
5.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CWCO
CWCO

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

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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