Cadiz Inc.

NAS:CDZIPUtilities

$20.03+1.10%At closeAt close · Tue 20 Oct · ≈ AED 73.54 · Market cap $327.7M · Next earnings Fri 6 Nov

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	100.0%	100.0%	−37.7%	−45.0%	24.0%	31.6%	—	—
Operating margin	−2,172.6%	−3,105.0%	−1,103.4%	−1,051.7%	−242.0%	−156.9%	−156.9%	+0.0 pts
Net margin	−6,990.2%	−5,540.6%	−1,651.7%	−1,579.4%	−324.1%	−209.2%	−209.2%	+0.0 pts
EBITDA margin	−4,361.4%	−3,592.9%	−1,056.0%	−1,230.1%	−223.2%	−143.5%	—	—
Return on equity	149.5%	−77.0%	−72.4%	−78.7%	−91.7%	−146.8%	−146.8%	+0.0 pts
Return on assets	−50.9%	−27.8%	−22.4%	−29.3%	−23.2%	−24.2%	−24.2%	+0.0 pts
Return on capital employed	−16.5%	−15.9%	−15.8%	−20.6%	−19.4%	−20.0%	—	—
Debt / equity	−3.8×	1.7×	2.1×	1.5×	2.5×	4.5×	4.5×	+0.0%
Debt / assets	128.9%	61.1%	63.5%	57.0%	63.9%	74.0%	—	—
Interest coverage	−1.0×	−1.8×	−2.0×	−3.8×	−2.9×	−2.8×	—	—
Current ratio	2.6×	5.3×	2.2×	1.4×	1.8×	1.2×	1.2×	+0.0%
Quick ratio	2.6×	4.7×	2.1×	1.0×	1.6×	1.1×	—	—
Cash ratio	2.3×	4.4×	1.8×	0.8×	1.2×	0.7×	0.7×	+0.0%
Asset turnover	0.0×	0.0×	0.0×	0.0×	0.1×	0.1×	—	—
Inventory turnover	—	0.0×	6.5×	1.4×	2.4×	9.8×	—	—
Receivables turnover	9.8×	2.1×	3.3×	2.2×	2.1×	2.9×	—	—
Dividend payout	0.0%	−4.6%	−20.6%	−16.2%	−16.4%	−15.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.