Cadiz Inc (CDZI) - Net Assets
Based on the latest financial reports, Cadiz Inc (CDZI) has net assets worth $23.26 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($140.91 Million) and total liabilities ($117.66 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CDZI financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $23.26 Million |
| % of Total Assets | 16.5% |
| Annual Growth Rate | -0.15% |
| 5-Year Change | -42.73% |
| 10-Year Change | N/A |
| Growth Volatility | 190.39 |
Cadiz Inc - Net Assets Trend (1988–2025)
This chart illustrates how Cadiz Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Cadiz Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Cadiz Inc (1988–2025)
The table below shows the annual net assets of Cadiz Inc from 1988 to 2025. For live valuation and market cap data, see Cadiz Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $23.26 Million | -31.52% |
| 2024-12-31 | $33.96 Million | -15.03% |
| 2023-12-31 | $39.97 Million | +16.78% |
| 2022-12-31 | $34.22 Million | -15.73% |
| 2021-12-31 | $40.61 Million | +260.50% |
| 2020-12-31 | $-25.30 Million | +69.19% |
| 2019-12-31 | $-82.12 Million | +4.78% |
| 2018-12-31 | $-86.24 Million | -9.58% |
| 2017-12-31 | $-78.70 Million | -44.89% |
| 2016-12-31 | $-54.32 Million | +3.86% |
| 2015-12-31 | $-56.50 Million | -42.18% |
| 2014-12-31 | $-39.74 Million | -8.88% |
| 2013-12-31 | $-36.50 Million | -117.66% |
| 2012-12-31 | $-16.77 Million | -968.81% |
| 2011-12-31 | $1.93 Million | +104.02% |
| 2010-12-31 | $946.00K | -91.58% |
| 2009-12-31 | $11.23 Million | -9.46% |
| 2008-12-31 | $12.41 Million | -33.87% |
| 2007-12-31 | $18.76 Million | -20.55% |
| 2006-12-31 | $23.61 Million | +24.49% |
| 2005-12-31 | $18.97 Million | -23.70% |
| 2004-12-31 | $24.86 Million | +53.28% |
| 2003-12-31 | $16.22 Million | +1546.65% |
| 2002-12-31 | $-1.12 Million | -106.33% |
| 2001-12-31 | $17.70 Million | -47.50% |
| 2000-12-31 | $33.72 Million | -32.11% |
| 1999-12-31 | $49.67 Million | -0.08% |
| 1998-12-31 | $49.71 Million | -1.33% |
| 1997-12-31 | $50.38 Million | +81.61% |
| 1996-12-31 | $27.74 Million | +47.93% |
| 1995-12-31 | $18.75 Million | +10.65% |
| 1994-12-31 | $16.95 Million | -9.37% |
| 1993-12-31 | $18.70 Million | +146.05% |
| 1992-12-31 | $7.60 Million | +4.11% |
| 1991-12-31 | $7.30 Million | -29.81% |
| 1990-12-31 | $10.40 Million | -63.25% |
| 1989-12-31 | $28.30 Million | +15.04% |
| 1988-12-31 | $24.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cadiz Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 98984.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $830.00K | 3.57% |
| Other Components | $714.62 Million | 3072.83% |
| Total Equity | $23.26 Million | 100.00% |
Cadiz Inc Competitors by Market Cap
The table below lists competitors of Cadiz Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tellgen Corp
SHE:300642
|
$355.59 Million |
|
Barings Corporate Investors
NYSE:MCI
|
$355.60 Million |
|
West Coast Paper Mills Limited
NSE:WSTCSTPAPR
|
$355.61 Million |
|
Tangshan Jidong Equipment Engineering Co Ltd
SHE:000856
|
$355.76 Million |
|
China Fangda Group Co Ltd
SHE:000055
|
$355.09 Million |
|
Oma Saastopankki Oyj
HE:OMASP
|
$355.08 Million |
|
Lands’ End Inc
NASDAQ:LE
|
$355.06 Million |
|
Universal Store Holdings Ltd
AU:UNI
|
$355.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cadiz Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,961,000 to 23,256,000, a change of -10,705,000 (-31.5%).
- Net loss of 34,129,000 reduced equity.
- Dividend payments of 5,106,000 reduced retained earnings.
- New share issuances of 18,335,000 increased equity.
- Other factors increased equity by 10,195,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-34.13 Million | -146.75% |
| Dividends Paid | $5.11 Million | -21.96% |
| Share Issuances | $18.34 Million | +78.84% |
| Other Changes | $10.20 Million | +43.84% |
| Total Change | $- | -31.52% |
Book Value vs Market Value Analysis
This analysis compares Cadiz Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 14.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.12x to 14.80x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $36.06 | $4.25 | x |
| 1989-12-31 | $41.49 | $4.25 | x |
| 1990-12-31 | $15.25 | $4.25 | x |
| 1991-12-31 | $10.70 | $4.25 | x |
| 1992-12-31 | $11.14 | $4.25 | x |
| 1993-12-31 | $27.41 | $4.25 | x |
| 1994-12-31 | $25.84 | $4.25 | x |
| 1995-12-31 | $26.52 | $4.25 | x |
| 1996-12-31 | $42.30 | $4.25 | x |
| 1997-12-31 | $42.72 | $4.25 | x |
| 1998-12-31 | $37.46 | $4.25 | x |
| 1999-12-31 | $35.81 | $4.25 | x |
| 2000-12-31 | $23.85 | $4.25 | x |
| 2001-12-31 | $12.35 | $4.25 | x |
| 2002-12-31 | $-0.77 | $4.25 | x |
| 2003-12-31 | $7.37 | $4.25 | x |
| 2004-12-31 | $3.60 | $4.25 | x |
| 2005-12-31 | $1.76 | $4.25 | x |
| 2006-12-31 | $2.07 | $4.25 | x |
| 2007-12-31 | $1.58 | $4.25 | x |
| 2008-12-31 | $1.03 | $4.25 | x |
| 2009-12-31 | $0.88 | $4.25 | x |
| 2010-12-31 | $0.07 | $4.25 | x |
| 2011-12-31 | $0.14 | $4.25 | x |
| 2012-12-31 | $-1.09 | $4.25 | x |
| 2013-12-31 | $-2.34 | $4.25 | x |
| 2014-12-31 | $-2.43 | $4.25 | x |
| 2015-12-31 | $-3.18 | $4.25 | x |
| 2016-12-31 | $-2.90 | $4.25 | x |
| 2017-12-31 | $-3.49 | $4.25 | x |
| 2018-12-31 | $-3.59 | $4.25 | x |
| 2019-12-31 | $-3.09 | $4.25 | x |
| 2020-12-31 | $-0.74 | $4.25 | x |
| 2021-12-31 | $1.00 | $4.25 | x |
| 2022-12-31 | $0.69 | $4.25 | x |
| 2023-12-31 | $0.61 | $4.25 | x |
| 2024-12-31 | $0.49 | $4.25 | x |
| 2025-12-31 | $0.29 | $4.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cadiz Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -146.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -209.21%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 6.06x
- Recent ROE (-146.75%) is below the historical average (-116.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 1.22% | 1.12% | 0.55x | 1.97x | $-2.16 Million |
| 1989 | -21.20% | -32.79% | 0.33x | 1.95x | $-8.83 Million |
| 1990 | -188.46% | -1781.82% | 0.03x | 3.32x | $-20.64 Million |
| 1991 | -119.18% | -8700.00% | 0.00x | 3.99x | $-9.43 Million |
| 1992 | -53.95% | -4100.00% | 0.00x | 3.63x | $-4.86 Million |
| 1993 | -20.32% | -3800.00% | 0.00x | 1.82x | $-5.67 Million |
| 1994 | -27.09% | -845.49% | 0.02x | 2.06x | $-6.29 Million |
| 1995 | -45.26% | -588.97% | 0.04x | 2.06x | $-10.36 Million |
| 1996 | -16.55% | -845.49% | 0.00x | 8.32x | $-7.37 Million |
| 1997 | -16.95% | -8.52% | 0.49x | 4.03x | $-13.58 Million |
| 1998 | -15.03% | -7.01% | 0.50x | 4.31x | $-12.44 Million |
| 1999 | -17.30% | -7.46% | 0.54x | 4.31x | $-13.56 Million |
| 2000 | -66.60% | -20.84% | 0.53x | 6.08x | $-25.83 Million |
| 2001 | -145.30% | -25.64% | 0.51x | 11.20x | $-27.49 Million |
| 2002 | 0.00% | -19.45% | 0.60x | 0.00x | $-22.11 Million |
| 2003 | -71.14% | -364.83% | 0.06x | 3.05x | $-13.16 Million |
| 2004 | -64.51% | -34121.28% | 0.00x | 2.05x | $-18.52 Million |
| 2005 | -121.40% | -1923.56% | 0.03x | 2.43x | $-24.92 Million |
| 2006 | -58.55% | -2251.63% | 0.01x | 2.13x | $-16.19 Million |
| 2007 | -72.67% | -3200.23% | 0.01x | 2.64x | $-15.51 Million |
| 2008 | -128.24% | -1603.73% | 0.02x | 3.82x | $-17.15 Million |
| 2009 | -128.18% | -1782.05% | 0.02x | 4.48x | $-15.52 Million |
| 2010 | -1680.66% | -1554.15% | 0.02x | 51.73x | $-15.99 Million |
| 2011 | -872.38% | -1652.31% | 0.02x | 30.05x | $-17.03 Million |
| 2012 | 0.00% | -5407.18% | 0.01x | 0.00x | $-17.90 Million |
| 2013 | 0.00% | -7533.89% | 0.00x | 0.00x | $-19.03 Million |
| 2014 | 0.00% | -5619.35% | 0.00x | 0.00x | $-14.91 Million |
| 2015 | 0.00% | -7899.01% | 0.01x | 0.00x | $-18.36 Million |
| 2016 | 0.00% | -6392.96% | 0.01x | 0.00x | $-20.91 Million |
| 2017 | 0.00% | -7749.20% | 0.01x | 0.00x | $-25.99 Million |
| 2018 | 0.00% | -5971.14% | 0.01x | 0.00x | $-17.65 Million |
| 2019 | 0.00% | -6695.69% | 0.01x | 0.00x | $-21.32 Million |
| 2020 | 0.00% | -6990.20% | 0.01x | 0.00x | $-35.29 Million |
| 2021 | -76.95% | -5540.60% | 0.01x | 2.77x | $-35.31 Million |
| 2022 | -72.44% | -1651.70% | 0.01x | 3.24x | $-28.21 Million |
| 2023 | -78.68% | -1579.41% | 0.02x | 2.69x | $-35.44 Million |
| 2024 | -91.69% | -324.10% | 0.07x | 3.96x | $-34.54 Million |
| 2025 | -146.75% | -209.21% | 0.12x | 6.06x | $-36.45 Million |
Industry Comparison
This section compares Cadiz Inc's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $257,246,299
- Average return on equity (ROE) among peers: 8.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cadiz Inc (CDZI) | $23.26 Million | 1.22% | 5.06x | $355.31 Million |
| Aris Water Solutions Inc (ARIS) | $-2.35 Million | 0.00% | 0.00x | $564.40 Million |
| Artesian Resources Corporation (ARTNA) | $51.28 Million | 8.13% | 2.57x | $305.19 Million |
| American Water Works (AWK) | $569.80 Million | 10.02% | 2.67x | $24.44 Billion |
| American States Water Company (AWR) | $815.28 Million | 7.33% | 0.80x | $3.00 Billion |
| Consolidated Water Co Ltd (CWCO) | $45.05 Million | 9.27% | 0.52x | $468.54 Million |
| California Water Service Group (CWT) | $598.76 Million | 7.89% | 2.27x | $2.62 Billion |
| Global Water Resources Inc (GWRS) | $47.60 Million | 12.16% | 7.51x | $207.58 Million |
| H2O America (HTO) | $133.60 Million | 11.38% | 1.42x | $1.74 Billion |
| Middlesex Water Company (MSEX) | $56.20 Million | 10.50% | 1.84x | $935.05 Million |
About Cadiz Inc
Cadiz Inc., together with its subsidiaries, provides water solutions in the United States. The company operates in two segments, Land and Water Resources; and Water Filtration Technology. It offers water supply, water storage, and water conveyance, and wastewater treatment services, as well as local distribution systems and products. The company also provides water filtration solutions for impair… Read more