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Side-by-side financial comparison of Consolidated Water Co. Ltd. (CWCO) and KKR Real Estate Finance Trust Inc. (KREF). 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 $25.8M, roughly 1.1× KKR Real Estate Finance Trust Inc.). Consolidated Water Co. Ltd. runs the higher net margin — 10.3% vs -101.7%, a 112.0% gap on every dollar of revenue. On growth, Consolidated Water Co. Ltd. posted the faster year-over-year revenue change (4.4% vs -26.6%). Over the past eight quarters, Consolidated Water Co. Ltd.'s revenue compounded faster (-13.6% CAGR vs -18.8%).
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
CWCO vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.6M | $25.8M |
| Net Profit | $3.0M | $-26.2M |
| Gross Margin | 34.7% | — |
| Operating Margin | 9.1% | -105.1% |
| Net Margin | 10.3% | -101.7% |
| Revenue YoY | 4.4% | -26.6% |
| Net Profit YoY | 91.5% | -229.6% |
| EPS (diluted) | $0.18 | $-0.49 |
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.
| Q4 25 | $29.6M | $25.8M | ||
| Q3 25 | $35.1M | $25.3M | ||
| Q2 25 | $33.6M | $30.2M | ||
| Q1 25 | $33.7M | $31.3M | ||
| Q4 24 | $28.4M | $35.1M | ||
| Q3 24 | $33.4M | $37.0M | ||
| Q2 24 | $32.5M | $40.4M | ||
| Q1 24 | $39.7M | $39.1M |
| Q4 25 | $3.0M | $-26.2M | ||
| Q3 25 | $5.5M | $13.8M | ||
| Q2 25 | $5.1M | $-29.7M | ||
| Q1 25 | $4.8M | $-4.9M | ||
| Q4 24 | $1.6M | $20.3M | ||
| Q3 24 | $4.5M | $-7.4M | ||
| Q2 24 | $15.9M | $25.8M | ||
| Q1 24 | $6.5M | $-3.1M |
| 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% | — |
| Q4 25 | 9.1% | -105.1% | ||
| Q3 25 | 16.4% | 50.4% | ||
| Q2 25 | 15.7% | -101.3% | ||
| Q1 25 | 13.7% | -18.3% | ||
| Q4 24 | 3.8% | 55.8% | ||
| Q3 24 | 14.6% | -19.6% | ||
| Q2 24 | 15.4% | 63.3% | ||
| Q1 24 | 18.4% | -8.7% |
| Q4 25 | 10.3% | -101.7% | ||
| Q3 25 | 15.8% | 54.4% | ||
| Q2 25 | 15.2% | -98.5% | ||
| Q1 25 | 14.2% | -15.5% | ||
| Q4 24 | 5.6% | 57.7% | ||
| Q3 24 | 13.3% | -20.0% | ||
| Q2 24 | 48.8% | 63.9% | ||
| Q1 24 | 16.3% | -7.9% |
| Q4 25 | $0.18 | $-0.49 | ||
| Q3 25 | $0.34 | $0.12 | ||
| Q2 25 | $0.32 | $-0.53 | ||
| Q1 25 | $0.30 | $-0.15 | ||
| Q4 24 | $0.10 | $0.22 | ||
| Q3 24 | $0.28 | $-0.19 | ||
| Q2 24 | $0.99 | $0.29 | ||
| Q1 24 | $0.40 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $123.8M | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $221.7M | $1.2B |
| Total Assets | $257.6M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.8M | $84.6M | ||
| Q3 25 | $123.6M | $204.1M | ||
| Q2 25 | $112.2M | $107.7M | ||
| Q1 25 | $107.9M | $106.4M | ||
| Q4 24 | $99.4M | $104.9M | ||
| Q3 24 | $104.9M | $108.8M | ||
| Q2 24 | $96.7M | $107.2M | ||
| Q1 24 | $46.2M | $106.5M |
| Q4 25 | $221.7M | $1.2B | ||
| Q3 25 | $220.4M | $1.2B | ||
| Q2 25 | $216.6M | $1.2B | ||
| Q1 25 | $213.3M | $1.3B | ||
| Q4 24 | $210.0M | $1.3B | ||
| Q3 24 | $209.8M | $1.4B | ||
| Q2 24 | $206.7M | $1.4B | ||
| Q1 24 | $192.1M | $1.4B |
| Q4 25 | $257.6M | $6.5B | ||
| Q3 25 | $257.2M | $6.5B | ||
| Q2 25 | $257.5M | $6.8B | ||
| Q1 25 | $250.4M | $6.6B | ||
| Q4 24 | $243.3M | $6.4B | ||
| Q3 24 | $238.4M | $6.8B | ||
| Q2 24 | $235.2M | $7.1B | ||
| Q1 24 | $223.2M | $7.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.8M | $72.3M |
| 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.
| Q4 25 | $5.8M | $72.3M | ||
| Q3 25 | $15.4M | $18.5M | ||
| Q2 25 | $8.8M | $21.1M | ||
| Q1 25 | $11.8M | $15.9M | ||
| Q4 24 | $-742.0K | $132.6M | ||
| Q3 24 | $10.4M | $49.1M | ||
| Q2 24 | $21.0M | $30.6M | ||
| Q1 24 | $6.0M | $34.5M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.90× | — | ||
| Q3 25 | 2.79× | 1.34× | ||
| Q2 25 | 1.72× | — | ||
| Q1 25 | 2.45× | — | ||
| Q4 24 | -0.47× | 6.54× | ||
| Q3 24 | 2.32× | — | ||
| Q2 24 | 1.32× | 1.19× | ||
| Q1 24 | 0.92× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWCO
| Services Revenues | $10.5M | 35% |
| Transferred At Point In Time | $8.5M | 29% |
| Operations And Maintenance | $8.4M | 28% |
| Transferred Over Time | $1.9M | 7% |
KREF
Segment breakdown not available.
