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Cadiz Inc. (CDZI) 10-Year Financial Performance & Capital Metrics

CDZI • • Utilities
UtilitiesWater UtilitiesWater Resource DevelopmentWater Resource & Land Development
AboutCadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It is also involved in the cultivation of lemons, and spring and fall plantings of vegetables and grains. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California.Show more
  • Revenue $10M +382.6%
  • EBITDA -$22M -11.8%
  • Net Income -$31M +1.0%
  • Free Cash Flow -$22M +15.9%
  • EBITDA Margin -227.64% +76.8%
  • Net Margin -324.1% +79.5%
  • ROE -84.24% +0.6%
  • Interest Coverage -2.90 +22.7%
  • Debt/Equity 2.53 +65.1%
  • Net Debt/EBITDA -
  • CapEx / Revenue 9.72% -96.7%
  • CapEx Coverage -23.05 -537.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 2.5x
  • ✗Expensive at 13.5x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y39.84%
5Y85.2%
3Y157.31%
TTM188.33%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-12.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM3.92%

ROCE

10Y Avg-18.77%
5Y Avg-18.48%
3Y Avg-18.88%
Latest-20.98%

Peer Comparison

Water Resource & Land Development
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PCYOPure Cycle Corporation281.62M11.6921.65-9.25%46.62%9.31%1.31%0.05
CDZICadiz Inc.553.51M6.66-12.57382.57%-206.61%-119.04%2.53

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+304K412K437K440K441K541K564K1.5M1.99M9.61M
Revenue Growth %-0.1%0.36%0.06%0.01%0%0.23%0.04%1.66%0.33%3.83%
Cost of Revenue334K292K274K00002.07M2.89M7.3M
Gross Profit+-30K120K163K440K441K541K564K-566K-896K2.31M
Gross Margin %----------
Gross Profit Growth %-0.43%5%0.36%1.7%0%0.23%0.04%-2%-0.58%3.58%
Operating Expenses+13.98M9.62M13.08M11.66M12.43M12.29M18.08M16M20.04M25.56M
Other Operating Expenses----------
EBITDA+-13.74M-8.92M-12.37M-10.96M-11.72M-11.37M-17.07M-15.89M-19.57M-21.87M
EBITDA Margin %----------
EBITDA Growth %-0.36%0.35%-0.39%0.11%-0.07%0.03%-0.5%0.07%-0.23%-0.12%
Depreciation & Amortization+270K292K274K258K265K381K438K672K1.37M1.38M
D&A / Revenue %----------
Operating Income (EBIT)+-14.01M-9.21M-12.64M-11.22M-11.99M-11.75M-17.51M-16.56M-20.94M-23.25M
Operating Margin %----------
Operating Income Growth %-0.35%0.34%-0.37%0.11%-0.07%0.02%-0.49%0.05%-0.26%-0.11%
Interest Expense+9.87M14.64M15.16M16.69M17.07M11.66M9.6M8.26M5.58M8M
Interest Coverage-1.42x-0.63x-0.83x-0.67x-0.70x-1.01x-1.83x-2.00x-3.76x-2.90x
Interest / Revenue %----------
Non-Operating Income-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K-1000K
Pretax Income+-24.01M-26.34M-33.86M-26.27M-29.52M-37.81M-31.24M-24.79M-31.43M-31.13M
Pretax Margin %----------
Income Tax+4K4K4K6K6K7K10K7K11K11K
Effective Tax Rate %----------
Net Income+-24.01M-26.34M-33.86M-26.27M-29.53M-37.82M-31.25M-24.79M-31.45M-31.14M
Net Margin %----------
Net Income Growth %-0.27%-0.1%-0.29%0.22%-0.12%-0.28%0.17%0.21%-0.27%0.01%
EPS (Diluted)+-1.35-1.41-1.50-1.09-1.09-1.11-0.84-0.60-0.56-0.53
EPS Growth %-0.17%-0.04%-0.06%0.27%0%-0.02%0.24%0.29%0.07%0.05%
EPS (Basic)-1.35-1.41-1.50-1.09-1.09-1.11-0.84-0.60-0.56-0.53
Diluted Shares Outstanding17.78M18.72M22.54M24M26.55M34.19M40.56M49.87M65.66M68.85M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+55.42M67.1M66.5M69.31M76.72M74.36M112.49M110.79M107.37M134.49M
Asset Growth %-0.19%0.21%-0.01%0.04%0.11%-0.03%0.51%-0.02%-0.03%0.25%
PP&E (Net)+44.47M44.18M45.27M46.62M50.01M53.5M82.17M84.69M87.65M92.11M
PP&E / Total Assets %----------
Total Current Assets+3.19M15.6M13.48M13M16.12M8.04M13.21M12.44M8.02M25.79M
Cash & Equivalents2.69M12.17M13.03M12.56M15.68M7.29M10.96M10M4.5M17.29M
Receivables187K39K36K38K49K55K270K454K904K1000K
Inventory0000001.29M316K2.11M3.02M
Other Current Assets309K0411K408K0001.29M0888K
Long-Term Investments133K00133K729K1.35M976K2.5M134K5.13M
Goodwill3.81M3.81M3.81M3.81M3.81M3.81M3.81M5.71M5.71M5.71M
Intangible Assets0000000000
Other Assets3.94M3.5M3.95M5.87M6.06M7.66M7.6M7.95M5.86M5.75M
Total Liabilities111.91M121.42M145.2M155.55M158.84M99.66M71.88M76.56M67.41M100.53M
Total Debt+108.27M114.83M138.45M150.72M153.36M95.84M68.72M70.39M61.22M85.89M
Net Debt105.58M102.66M125.42M138.16M137.68M88.56M57.76M60.39M56.71M68.6M
Long-Term Debt108.22M102.37M123.77M136.25M137.56M78.6M46.48M48.95M37.71M56.71M
Short-Term Borrowings49K170K1000K59K31K51K107K140K182K120K
Capital Lease Obligations012.29M13.28M14.41M15.77M17.2M22.14M21.3M23.32M29.06M
Total Current Liabilities+2.02M4.56M6.49M4.14M4.8M3.13M2.51M5.64M5.83M14.41M
Accounts Payable309K439K411K225K194K548K286K1.11M1.25M2.26M
Accrued Expenses1.67M488K1.27M1.23M4.54M674K808K1.54M1.17M8M
Deferred Revenue750K013.28B2.07M750K0750K750K373K1.23M
Other Current Liabilities03.46M3.39M2.62M-750K1.85M538K1.99M2.74M1.2M
Deferred Taxes000-1000K-15K00000
Other Liabilities923K1.44M923K00032K36K41K46K
Total Equity+-56.5M-54.32M-78.7M-86.24M-82.12M-25.3M40.61M34.22M39.97M33.96M
Equity Growth %-0.42%0.04%-0.45%-0.1%0.05%0.69%2.61%-0.16%0.17%-0.15%
Shareholders Equity-56.5M-54.32M-78.7M-86.24M-82.12M-25.3M40.61M34.22M39.97M33.96M
Minority Interest0000000000
Common Stock179K218K230K247K285K368K436K556K665K752K
Additional Paid-in Capital326.86M355.34M364.81M383.52M419.19M513.74M613.57M636.96M679.15M709.3M
Retained Earnings-383.53M-409.87M-443.74M-470.01M-501.6M-539.41M-573.4M-603.3M-639.85M-676.1M
Accumulated OCI-5.66M-5.95M-6.17M0000000
Return on Assets (ROA)-0.39%-0.43%-0.51%-0.39%-0.4%-0.5%-0.33%-0.22%-0.29%-0.26%
Return on Equity (ROE)-------4.08%-0.66%-0.85%-0.84%
Debt / Equity------1.69x2.06x1.53x2.53x
Debt / Assets1.95%1.71%2.08%2.17%2%1.29%0.61%0.64%0.57%0.64%
Net Debt / EBITDA----------
Book Value per Share-3.18-2.9-3.49-3.59-3.09-0.7410.690.610.49

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-12.57M-9.51M-10.47M-12.19M-13.71M-13.43M-15.27M-18.6M-20.92M-21.53M
Operating CF Growth %-0.24%0.24%-0.1%-0.17%-0.12%0.02%-0.14%-0.22%-0.13%-0.03%
Operating CF / Revenue %----------
Net Income-24.01M-26.34M-33.86M-26.27M-29.53M-37.82M-31.25M-24.79M-31.45M-31.14M
Depreciation & Amortization270K292K274K258K265K381K438K672K1.37M1.38M
Deferred Taxes02.25M3.5M-1.52M000000
Other Non-Cash Items10.07M13.6M14.13M15.08M15.96M24.21M11.16M4.24M9.06M6.36M
Working Capital Changes-11K-615K3.19M-205K-972K-2.29M-367K-595K-1.41M-2.73M
Capital Expenditures+-906K0-1.01M-3.73M-2.5M-9.84M-22.91M-3.38M-5.79M-934K
CapEx / Revenue %----------
CapEx / D&A----------
CapEx Coverage (OCF/CapEx)----------
Cash from Investing+-906K0-1.01M-3.73M-2.5M-9.84M-23.47M-4.12M-5.79M-1.18M
Acquisitions0000-904K-3.11M-564K-963K00
Purchase of Investments000-2M0-1M0000
Sale of Investments0000000000
Other Investing-906K00-2M000217K0-250K
Cash from Financing+-42K19M12.33M15.45M19.34M14.87M51.18M16.65M17.57M35.51M
Dividends Paid000000-1.45M-5.11M-5.11M-5.11M
Dividend Payout Ratio %----------
Debt Issuance (Net)-42K1000K1000K-56K-59K107K-1000K117K-1000K1000K
Stock Issued010.51M10.51M15.5M19.39M14.77M32.46M21.64M38.49M22.14M
Share Repurchases0000000000
Other Financing0-960K0000-3.71M0-861K-52K
Net Change in Cash+-13.52M9.48M858K-472K3.13M-8.39M12.43M-6.07M-9.15M12.79M
Exchange Rate Effect0000000000
Cash at Beginning16.21M2.69M12.17M13.16M12.69M15.82M7.42M19.86M13.78M4.64M
Cash at End2.69M12.17M13.03M12.69M15.82M7.42M19.86M13.78M4.64M17.43M
Free Cash Flow+-13.47M-9.51M-11.47M-15.92M-16.21M-23.27M-38.18M-21.98M-26.71M-22.47M
FCF Growth %-0.32%0.29%-0.21%-0.39%-0.02%-0.44%-0.64%0.42%-0.22%0.16%
FCF Margin %----------
FCF / Net Income %----------

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-------408.27%-66.26%-84.77%-84.24%
EBITDA Margin-4519.41%-2164.56%-2829.75%-2491.36%-2658.5%-2102.22%-3027.3%-1058.63%-982.97%-227.64%
Interest Coverage-1.42x-0.63x-0.83x-0.67x-0.70x-1.01x-1.83x-2.00x-3.76x-2.90x
CapEx / Revenue298.03%0%230.21%846.82%567.57%1818.48%4061.7%224.92%290.66%9.72%
Debt / Equity------1.69x2.06x1.53x2.53x
EPS Growth-17.39%-4.44%-6.38%27.33%0%-1.83%24.32%28.57%6.67%5.36%

Revenue by Segment

2015201620172018201920202021202220232024
Water Treatment---------7.9M
Water Treatment Growth----------
Water Project750K750K750K750K750K750K750K750K625K-
Water Project Growth-0.00%0.00%0.00%0.00%0.00%0.00%0.00%-16.67%-

Frequently Asked Questions

Growth & Financials

Cadiz Inc. (CDZI) reported $16.0M in revenue for fiscal year 2024. This represents a 1468% increase from $1.0M in 2011.

Cadiz Inc. (CDZI) grew revenue by 382.6% over the past year. This is strong growth.

Cadiz Inc. (CDZI) reported a net loss of $33.0M for fiscal year 2024.

Dividend & Returns

Yes, Cadiz Inc. (CDZI) pays a dividend with a yield of 1.11%. This makes it attractive for income-focused investors.

Cadiz Inc. (CDZI) has a return on equity (ROE) of -84.2%. Negative ROE indicates the company is unprofitable.

Cadiz Inc. (CDZI) had negative free cash flow of $30.1M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Cadiz Inc. (CDZI) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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