Cadiz Inc.
CDZIUtilitiesNASDAQUtilities - Regulated Water
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Daily timeframeHeadquartered within the utilities sector, Cadiz Inc. focuses on Utilities - Regulated Water services and products. Cadiz Inc., together with its subsidiaries, provides water solutions in the United States. The $395.2M market capitalization puts CDZI squarely in small-cap range for its industry. The company operates in two segments, Land and Water Resources; and Water Filtration Technology.
Market Cap
$395.2M
Beta
1.79
P/E (TTM)
—
P/E (Fwd)
-20.43
EPS (TTM)
$-0.46
EPS (Fwd)
$-0.23
ROE
-111.3%
ROA
-10.7%
Cash
$16.5M
Total Debt
$117.6M
Free CF
-$21.0M
52W Change
46.4%
Annual Financials
Cash vs Debt
Cadiz Inc. carries $117.6M in total debt against $16.5M in cash reserves — debt is roughly 7.1x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$21.0M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -111.3% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $1.5M (2022) to $16.3M (2025), reflecting a 987% increase over the period.
Cadiz Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing CDZI's risk profile alongside its fundamentals and technical indicators provides a more complete picture.