Cadiz Valuation Multiples

Cadiz Overview

About Cadiz

Cadiz Inc is a water solutions provider, dedicated to delivering clean, reliable, and affordable water for people. It provides water solutions with a combination of land, water, pipeline, and water filtration assets located in Southern California between key water systems serving population centers in the Southwestern United States. The company operates in two reportable segments; Land and Water Resources segment, which derives key revenue, and comprises all activities regarding its properties in the eastern Mojave Desert, pre-revenue development of the Mojave Groundwater Bank (supply, storage, and conveyance), and agricultural operations; and the Water Filtration Technology segment, which provides water filtration solutions for impaired or contaminated groundwater sources.

Founded

1983

HQ

Employees

25

Website

cadizinc.com

Sectors

Utilities

Financials (LTM)

Revenue: $17M

EBITDA: ($17M)

EV

$506M

Valuation Multiples

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Cadiz Financials

Cadiz reported last 12-month revenue of $17M and negative EBITDA of ($17M).

In the same LTM period, Cadiz generated $6M in gross profit, ($17M) in EBITDA losses, and had net loss of ($39M).

Cadiz P&L

In the most recent fiscal year, Cadiz reported revenue of $16M and EBITDA of ($18M).

Cadiz expects next 12-month revenue of XXX and NTM EBITDA of XXX

Cadiz Stock Performance

Cadiz has current market cap of $410M, and enterprise value of $506M.

Cadiz's stock price is $4.92.

Cadiz Valuation Multiples

Cadiz trades at 30.1x EV/Revenue multiple, and (29.6x) EV/EBITDA.

Cadiz Financial Valuation Multiples

As of April 11, 2026, Cadiz has market cap of $410M and EV of $506M.

Equity research analysts estimate Cadiz's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Cadiz has a P/E ratio of (10.6x).

Cadiz Margins & Growth Rates

Cadiz's revenue in the last 12 month grew by 38%.

Cadiz's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $1.2M for the same period.

Cadiz's rule of 40 is (67%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Cadiz's rule of X is (51%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Cadiz Public Comps

See public comps and valuation multiples for other Utilities comps.

Cadiz M&A Activity

Cadiz acquired XXX companies to date.

Last acquisition by Cadiz was on XXXXXXXX, XXXXX. Cadiz acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Cadiz Investment Activity

Cadiz invested in XXX companies to date.

Cadiz made its latest investment on XXXXXXXX, XXXXX. Cadiz invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).