Renewable Utilities
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4 / 10Stock Comparison
WAVE vs MARA vs RIOT vs CWCO
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
Financial - Capital Markets
Regulated Water
WAVE vs MARA vs RIOT vs CWCO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Renewable Utilities | Financial - Capital Markets | Financial - Capital Markets | Regulated Water |
| Market Cap | $48M | $4.83B | $9.14B | $529M |
| Revenue (TTM) | $168K | $907M | $647M | $132M |
| Net Income (TTM) | $-3M | $-1.31B | $-867M | $18M |
| Gross Margin | 75.0% | -47.7% | -15.6% | 36.6% |
| Operating Margin | -15.3% | -90.6% | -61.8% | 139015.1% |
| Forward P/E | — | — | — | 31.6x |
| Total Debt | $1M | $3.65B | $280M | $708.60B |
| Cash & Equiv. | $6M | $547M | $234M | $123.79T |
WAVE vs MARA vs RIOT vs CWCO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 21 | May 26 | Return |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | 100 | 100.9 | +0.9% |
| Marathon Digital Ho… (MARA) | 100 | 46.0 | -54.0% |
| Riot Platforms, Inc. (RIOT) | 100 | 73.2 | -26.8% |
| Consolidated Water … (CWCO) | 100 | 261.7 | +161.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WAVE vs MARA vs RIOT vs CWCO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
WAVE is the clearest fit if your priority is growth exposure.
- Rev growth -77.3%, EPS growth -73.0%, 3Y rev CAGR 13.7%
MARA is the clearest fit if your priority is value.
- Better valuation composite
RIOT is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 7.9% 10Y total return vs CWCO's 155.1%
- 71.9% NII/revenue growth vs WAVE's -77.3%
- +207.5% vs MARA's -4.7%
CWCO carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 3 yrs, beta 0.76, yield 100.0%
- Lower volatility, beta 0.76, Low D/E 0.3%, current ratio 6.12x
- Beta 0.76, yield 100.0%, current ratio 6.12x
- 13.9% margin vs WAVE's -17.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 71.9% NII/revenue growth vs WAVE's -77.3% | |
| Value | Better valuation composite | |
| Quality / Margins | 13.9% margin vs WAVE's -17.6% | |
| Stability / Safety | Beta 0.76 vs RIOT's 3.87, lower leverage | |
| Dividends | 100.0% yield; 3-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +207.5% vs MARA's -4.7% | |
| Efficiency (ROA) | 0.0% ROA vs WAVE's -30.7%, ROIC 26.6% vs -205.2% |
WAVE vs MARA vs RIOT vs CWCO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
WAVE vs MARA vs RIOT vs CWCO — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CWCO leads in 4 of 6 categories
RIOT leads 1 • WAVE leads 0 • MARA leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
CWCO leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
MARA is the larger business by revenue, generating $907M annually — 5399.4x WAVE's $168,000. CWCO is the more profitable business, keeping 13.9% of every revenue dollar as net income compared to WAVE's -17.6%.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $168,000 | $907M | $647M | $132M |
| EBITDAEarnings before interest/tax | -$2M | $627M | -$450M | $25.98T |
| Net IncomeAfter-tax profit | -$3M | -$1.3B | -$867M | $18M |
| Free Cash FlowCash after capex | $0 | -$312M | -$1.0B | $33.67T |
| Gross MarginGross profit ÷ Revenue | +75.0% | -47.7% | -15.6% | +36.6% |
| Operating MarginEBIT ÷ Revenue | -15.3% | -90.6% | -61.8% | +139015.1% |
| Net MarginNet income ÷ Revenue | -17.6% | -144.6% | -102.4% | +13.9% |
| FCF MarginFCF ÷ Revenue | -86.2% | -34.4% | -119.6% | +254916.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — | +4.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -177.8% | -4.8% | -60.0% | -11.5% |
Valuation Metrics
CWCO leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $48M | $4.8B | $9.1B | $529M |
| Enterprise ValueMkt cap + debt − cash | $43M | $7.9B | $9.2B | -$123.08T |
| Trailing P/EPrice ÷ TTM EPS | -12.83x | -3.44x | -12.36x | — |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | 31.60x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | -4.74x |
| Price / SalesMarket cap ÷ Revenue | 1254.97x | 5.32x | 14.12x | 4.01x |
| Price / BookPrice ÷ Book value/share | 8.74x | 1.30x | 2.87x | 0.00x |
| Price / FCFMarket cap ÷ FCF | — | — | — | 0.00x |
Profitability & Efficiency
CWCO leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
CWCO delivers a 0.0% return on equity — every $100 of shareholder capital generates $0 in annual profit, vs $-41 for WAVE. CWCO carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to MARA's 1.05x. On the Piotroski fundamental quality scale (0–9), CWCO scores 5/9 vs WAVE's 1/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -40.9% | -30.5% | -28.8% | 0.0% |
| ROA (TTM)Return on assets | -30.7% | -17.1% | -21.5% | 0.0% |
| ROICReturn on invested capital | -2.1% | -9.0% | -8.7% | +26.6% |
| ROCEReturn on capital employed | -46.1% | -12.1% | -11.0% | +16.0% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 3 | 3 | 5 |
| Debt / EquityFinancial leverage | 0.24x | 1.05x | 0.10x | 0.00x |
| Net DebtTotal debt minus cash | -$5M | $3.1B | $46M | -$123.08T |
| Cash & Equiv.Liquid assets | $6M | $547M | $234M | $123.79T |
| Total DebtShort + long-term debt | $1M | $3.6B | $280M | $708.6B |
| Interest CoverageEBIT ÷ Interest expense | -48.45x | 4.73x | -16.47x | — |
Total Returns (Dividends Reinvested)
RIOT leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CWCO five years ago would be worth $29,742 today (with dividends reinvested), compared to $4,054 for MARA. Over the past 12 months, RIOT leads with a +207.5% total return vs MARA's -4.7%. The 3-year compound annual growth rate (CAGR) favors WAVE at 45.4% vs MARA's 10.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +36.4% | +28.2% | +70.3% | -3.9% |
| 1-Year ReturnPast 12 months | +35.0% | -4.7% | +207.5% | +47.9% |
| 3-Year ReturnCumulative with dividends | +207.5% | +36.1% | +129.8% | +101.4% |
| 5-Year ReturnCumulative with dividends | -56.3% | -59.5% | -27.8% | +197.4% |
| 10-Year ReturnCumulative with dividends | -56.3% | -51.6% | +787.3% | +155.1% |
| CAGR (3Y)Annualised 3-year return | +45.4% | +10.8% | +32.0% | +26.3% |
Risk & Volatility
Evenly matched — RIOT and CWCO each lead in 1 of 2 comparable metrics.
Risk & Volatility
CWCO is the less volatile stock with a 0.76 beta — it tends to amplify market swings less than RIOT's 3.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RIOT currently trades 99.9% from its 52-week high vs MARA's 54.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.25x | 3.11x | 3.87x | 0.76x |
| 52-Week HighHighest price in past year | $9.87 | $23.45 | $24.14 | $39.12 |
| 52-Week LowLowest price in past year | $4.41 | $6.66 | $7.68 | $22.69 |
| % of 52W HighCurrent price vs 52-week peak | +83.2% | +54.2% | +99.9% | +84.8% |
| RSI (14)Momentum oscillator 0–100 | 67.5 | 69.6 | 74.5 | 47.9 |
| Avg Volume (50D)Average daily shares traded | 15K | 47.6M | 18.4M | 163K |
Analyst Outlook
CWCO leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: MARA as "Buy", RIOT as "Buy", CWCO as "Buy". Consensus price targets imply 27.0% upside for MARA (target: $16) vs 15.7% for RIOT (target: $28). CWCO is the only dividend payer here at 100.00% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $16.13 | $27.90 | — |
| # AnalystsCovering analysts | — | 19 | 18 | 6 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | +100.0% |
| Dividend StreakConsecutive years of raises | — | — | 2 | 3 |
| Dividend / ShareAnnual DPS | — | — | — | $497756.41 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +1.0% | +0.0% | 0.0% |
CWCO leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). RIOT leads in 1 (Total Returns). 1 tied.
WAVE vs MARA vs RIOT vs CWCO: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is WAVE or MARA or RIOT or CWCO a better buy right now?
For growth investors, Riot Platforms, Inc.
(RIOT) is the stronger pick with 71. 9% revenue growth year-over-year, versus -77. 3% for Eco Wave Power Global AB (publ) (WAVE). Analysts rate Marathon Digital Holdings, Inc. (MARA) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — WAVE or MARA or RIOT or CWCO?
Over the past 5 years, Consolidated Water Co.
Ltd. (CWCO) delivered a total return of +197. 4%, compared to -59. 5% for Marathon Digital Holdings, Inc. (MARA). Over 10 years, the gap is even starker: RIOT returned +787. 3% versus WAVE's -56. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — WAVE or MARA or RIOT or CWCO?
By beta (market sensitivity over 5 years), Consolidated Water Co.
Ltd. (CWCO) is the lower-risk stock at 0. 76β versus Riot Platforms, Inc. 's 3. 87β — meaning RIOT is approximately 410% more volatile than CWCO relative to the S&P 500. On balance sheet safety, Consolidated Water Co. Ltd. (CWCO) carries a lower debt/equity ratio of 0% versus 105% for Marathon Digital Holdings, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — WAVE or MARA or RIOT or CWCO?
By revenue growth (latest reported year), Riot Platforms, Inc.
(RIOT) is pulling ahead at 71. 9% versus -77. 3% for Eco Wave Power Global AB (publ) (WAVE). On earnings-per-share growth, the picture is similar: Eco Wave Power Global AB (publ) grew EPS -73. 0% year-over-year, compared to -673. 5% for Riot Platforms, Inc.. Over a 3-year CAGR, WAVE leads at 13. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — WAVE or MARA or RIOT or CWCO?
Consolidated Water Co.
Ltd. (CWCO) is the more profitable company, earning 13. 9% net margin versus -97. 3% for Eco Wave Power Global AB (publ) — meaning it keeps 13. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CWCO leads at 139015% versus -84. 2% for WAVE. At the gross margin level — before operating expenses — CWCO leads at 36. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is WAVE or MARA or RIOT or CWCO more undervalued right now?
Analyst consensus price targets imply the most upside for MARA: 27.
0% to $16. 13.
07Which pays a better dividend — WAVE or MARA or RIOT or CWCO?
In this comparison, CWCO (100.
0% yield) pays a dividend. WAVE, MARA, RIOT do not pay a meaningful dividend and should not be held primarily for income.
08Is WAVE or MARA or RIOT or CWCO better for a retirement portfolio?
For long-horizon retirement investors, Consolidated Water Co.
Ltd. (CWCO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 76), 100. 0% yield, +155. 1% 10Y return). Marathon Digital Holdings, Inc. (MARA) carries a higher beta of 3. 11 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CWCO: +155. 1%, MARA: -51. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between WAVE and MARA and RIOT and CWCO?
These companies operate in different sectors (WAVE (Utilities) and MARA (Financial Services) and RIOT (Financial Services) and CWCO (Utilities)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: WAVE is a small-cap quality compounder stock; MARA is a small-cap high-growth stock; RIOT is a small-cap high-growth stock; CWCO is a small-cap income-oriented stock. CWCO pays a dividend while WAVE, MARA, RIOT do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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