MSEXNasdaqWater SupplyFiscal year ends December 31Also trades as MSEXP
MIDDLESEX WATER CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$53.26−1.33 (-2.44%)
Close on Oct 19, 2026
- Market cap
- $997.93M
- P/E (TTM)
- 20.6
- Dividend yield
- 2.59%
Middlesex Water statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Water Supply companies for comparison
Valuation
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Market Cap | $1.00B | $3.98B |
| Enterprise Value | $1.41B | $6.55B |
| PE Ratio | 20.56 | 20.58 |
| PS Ratio | 4.87 | 2.73 |
| PB Ratio | 1.93 | 1.90 |
| P/TBV Ratio | 1.93 | 2.09 |
| P/OCF Ratio | 17.11 | 9.54 |
Enterprise value
| Measure | Middlesex Water | Industry median |
|---|---|---|
| EV / Sales | 6.82 | 4.36 |
| EV / EBITDA | 15.21 | 13.16 |
| EV / EBIT | 23.32 | 20.85 |
Income (trailing twelve months)
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Revenue | $206.14M | $2.00B |
| Operating Income | $60.24M | $368.37M |
| Pretax Income | $53.27M | $257.00M |
| Net Income | $47.94M | $132.10M |
| EBITDA | $92.39M | $646.26M |
| EPS (Diluted) | $2.59 | $1.96 |
Margins
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Operating Margin | 29.2% | 19.0% |
| Pretax Margin | 25.8% | 13.7% |
| Profit Margin | 23.3% | 10.9% |
| EBITDA Margin | 44.8% | 33.2% |
Returns
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Return on Equity (ROE) | 9.79% | 9.00% |
| Return on Assets (ROA) | 3.50% | 2.65% |
| Return on Invested Capital (ROIC) | 5.20% | 5.72% |
| Return on Capital Employed (ROCE) | 4.57% | 4.66% |
Growth
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 5.26% | 7.75% |
| Net Income Growth (YoY) | 10.5% | 7.72% |
| EPS Growth (YoY) | 7.02% | 5.30% |
| Revenue Growth (3Y CAGR) | 6.26% | 3.89% |
| Revenue Growth (5Y CAGR) | 6.60% | 7.80% |
| EPS Growth (3Y CAGR) | -0.42% | 6.07% |
| EPS Growth (5Y CAGR) | 1.60% | 6.26% |
Balance sheet
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $1.80M | $50.00M |
| Total Debt | $403.25M | $3.70B |
| Net Cash (Debt) | -$401.45M | -$2.29B |
| Net Cash Per Share | -$21.30 | -$20.82 |
| Equity (Book Value) | $521.09M | $1.80B |
| Book Value Per Share | $27.65 | $17.05 |
| Tangible Book Value | $521.09M | $1.17B |
| Working Capital | -$52.67M | -$10.38M |
Financial position
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Current Ratio | 0.50 | 0.91 |
| Quick Ratio | 0.22 | 0.38 |
| Debt / Equity | 0.77 | 1.22 |
| Debt / EBITDA | 4.36 | 4.95 |
| Net Debt / EBITDA | 4.34 | 4.86 |
| Interest Coverage | 3.97 | 2.44 |
Cash flow (trailing twelve months)
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Operating Cash Flow | $58.64M | $490.82M |
Efficiency
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Asset Turnover | 0.15 | 0.23 |
| Revenue Per Employee | $521.88K | $1.10M |
| Profits Per Employee | $121.37K | $117.32K |
| Employee Count | 395 | 1,512 |
Dividends and yields
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Earnings Yield | 4.78% | 4.25% |
| Dividend Yield | 2.59% | 2.92% |
| Buyback Yield | -4.07% | -1.11% |
| Shareholder Yield | -1.48% | 1.63% |
| Dividend Per Share | $1.38 | $1.98 |
| Dividend Growth (YoY) | 4.94% | 5.10% |
| Years of Dividend Growth | 11 | 10 |
| Payout Ratio | 54.5% | 57.6% |
Shares
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Shares Outstanding | 18,843,900 | 128,474,000 |
| Shares Change (YoY) | 2.91% | 2.04% |
| Shares Change (QoQ) | 1.43% | 0.05% |
| Float | 18,507,100 | 115,223,500 |
| Shares Held by Insiders | 1.79% | 1.57% |
| Shares Held by Institutions | 83.3% | 81.0% |
Taxes
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Income Tax | $5.33M | $31.77M |
| Effective Tax Rate | 10.00% | 16.0% |
Scores
| Measure | Middlesex Water | Industry median |
|---|---|---|
| Graham Number | $40.14 | $46.07 |
| Graham Upside | -24.6% | -25.1% |
| Altman Z-Score | 1.13 | 1.00 |
| Piotroski F-Score | 4 | 5 |
Calculated by StockData from Middlesex Water's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.