Cadiz Inc. (CDZI) Stock

Cadiz Inc. (CDZI) is a Utilities stock trading at $3.67 (as of 2026-08-21), with a market capitalization of $308.60M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Cadiz Inc., together with its subsidiaries, develops natural resources in the United States through water resource and agricultural activities on properties in San Bernardino County, California. It owns land in the Cadiz and Fenner valleys and the eastern Mojave Desert and cultivates lemons and seasonal vegetables and grains.

Understand Cadiz Inc.: how it makes money

Cadiz Inc. develops water resources and agricultural projects in California, using land holdings in San Bernardino County to support water-related development and crop cultivation such as lemons and seasonal plantings.

The profit model is driven by how effectively Cadiz turns its owned San Bernardino County land into usable water resource development outcomes and agricultural production (such as lemons and other plantings).

Business quality (Weak): Clear operating focus (water resource and agricultural development), but the provided dataset does not include reportable segments or operating KPIs to track, and the latest quarter shows a very large negative operating margin.

Bull case

  • Integrated land-based strategy: Cadiz owns large acreage in the Cadiz and Fenner valleys and in the eastern Mojave Desert, supporting both water resource and agricultural development activities.
  • Gross profitability exists in the latest quarter data: The provided financials show a 26.0% gross margin for the period ended 2026-03-31.

Bear case

  • Operating losses are severe in the latest quarter: For the period ended 2026-03-31, the operating margin is -418.8%, indicating major operating expense pressure relative to gross profit.
  • Limited visibility in the provided data: No official reportable segments or operating KPIs were included in the provided facts, which makes it harder for investors to isolate what specifically drives performance.
Valuation — source: SEC EDGAR (first-party)
Price$3.67
Market Cap$308.60M
Price / Book19.77
Price / Sales23.99
FCF Yield-12.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$16.31M
Net Margin-209.3%
Revenue Growth (YoY)69.8%
EPS Growth (YoY)-9.4%
FCF Growth (YoY)18.0%
Financial Health — source: SEC EDGAR
Altman Z-Score-5.78 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderWhitefort Capital Management, LP ($19.58M)
Institutional Holders Tracked10
Company
SectorUtilities
IndustryUtilities
CEOSusan Kennedy
Employees25
CountryUS
IPO Date1989-01-03

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

  • American States Water Company (AWR)
  • California Water Service Group (CWT)
  • H2O America (HTO)
  • Middlesex Water Company (MSEX)
  • The York Water Company (YORW)
  • Artesian Resources Corporation (ARTNA)
  • Pure Cycle Corporation (PCYO)
  • Global Water Resources, Inc. (GWRS)
CDZI earnings history · CDZI institutional & insider holders · CDZI KPIs & operating metrics · CDZI financials · CDZI investor presentations & press releases · CDZI SEC filings · CDZI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.