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Middlesex Water Company (MSEX)
NASDAQ: MSEX · Real-Time Price · USD
58.00
-0.77 (-1.31%)
At close: Nov 11, 2026, 4:00 PM EST
58.10
+0.10 (0.17%)
After-hours: Nov 11, 2026, 4:00 PM EST

Middlesex Water Company Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
212.26194.69191.88166.27162.43143.14
Revenue Growth
8.95%1.47%15.40%2.36%13.48%1.09%
Net Income
51.9442.7544.2431.442.3136.42
Earnings Per Share
2.782.362.471.762.392.07
EPS Growth
16.45%-4.44%39.94%-26.30%15.44%-5.08%

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Regulated
200.19182.65179.36154.62151.12131.53
Non-Regulated
13.2612.9913.5512.7712.4512.82
Inter-segment Elimination
-1.2-0.95-1.03-1.12-1.13-1.21
Total
212.26194.69191.88166.27162.43143.14

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1.72.84.232.393.833.53
Total Debt
438.06417.41385.97411.71366.95330.62
Net Cash (Debt)
-436.37-414.61-381.74-409.32-363.12-327.09
Net Cash Growth
------
Net Cash Per Share
-23.33-22.86-21.27-22.93-20.50-18.58

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
69.4862.658.7352.7861.3633.03
Capital Expenditures
-108.74-100.96-74.62-90.18-91.34-79.38
Free Cash Flow
-39.27-38.37-15.89-37.4-29.97-46.35
Free Cash Flow Growth
------

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Pretax Margin
27.49%24.47%26.71%19.59%28.12%21.70%
Profit Margin
24.47%21.95%23.06%18.89%26.05%25.45%
FCF Margin
-18.50%-19.71%-8.28%-22.49%-18.45%-32.38%

Dividends
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.5201.3801.3151.2621.1831.108
Dividend Per Share Growth
5.80%4.94%4.16%6.77%6.72%6.44%
Dividend Yield
2.62%2.76%2.50%1.93%1.50%0.92%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
20.8821.6321.2437.2132.8057.79
Forward PE
20.1619.3421.0927.9230.6749.30
PS Ratio
5.254.754.907.038.5414.71