Middlesex Water Co (MSEXP) stock
MSEXPOTCWater SupplyFiscal year ends December 31Also trades as MSEX
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 14/3011% below fair value
$492.00+0.00 (0.00%)
Close on Oct 19, 2026Market cap $1.09BP/E 20.8Yield 2.39%
Middlesex Water operating margin
Operating margin is operating income as a percentage of revenue.
Middlesex Water's operating margin for the twelve months ending Sep 30, 2026 was 30.5%. For fiscal 2025 it was 27.9%, against 27.7% the year before. The highest annual figure on record is 30.4% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 27.9% | +0.2 |
| FY2024 | Dec 31, 2024 | 27.7% | +4.1 |
| FY2023 | Dec 31, 2023 | 23.6% | −5.6 |
| FY2022 | Dec 31, 2022 | 29.2% | +5.9 |
| FY2021 | Dec 31, 2021 | 23.2% | −3.2 |
| FY2020 | Dec 31, 2020 | 26.5% | +0.0 |
| FY2019 | Dec 31, 2019 | 26.4% | −0.5 |
| FY2018 | Dec 31, 2018 | 26.9% | −2.0 |
| FY2017 | Dec 31, 2017 | 28.9% | −1.4 |
| FY2016 | Dec 31, 2016 | 30.4% | +1.9 |
| FY2015 | Dec 31, 2015 | 28.4% | −0.9 |
| FY2014 | Dec 31, 2014 | 29.4% | +2.4 |
| FY2013 | Dec 31, 2013 | 27.0% | +1.9 |
| FY2012 | Dec 31, 2012 | 25.0% | +1.3 |
| FY2011 | Dec 31, 2011 | 23.7% | −2.2 |
| FY2010 | Dec 31, 2010 | 25.9% | +3.8 |
| FY2009 | Dec 31, 2009 | 22.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 37.0% | +4.3 |
| Q2 FY2026 | Jun 30, 2026 | 32.3% | +4.1 |
| Q1 FY2026 | Mar 31, 2026 | 26.9% | +0.8 |
| Q4 FY2025 | Dec 31, 2025 | 23.9% | +1.5 |
| Q3 FY2025 | Sep 30, 2025 | 32.7% | +1.0 |
| Q2 FY2025 | Jun 30, 2025 | 28.2% | −3.0 |
| Q1 FY2025 | Mar 31, 2025 | 26.1% | +1.7 |
| Q4 FY2024 | Dec 31, 2024 | 22.4% | +1.0 |
| Q3 FY2024 | Sep 30, 2024 | 31.8% | +4.3 |
| Q2 FY2024 | Jun 30, 2024 | 31.2% | +6.3 |
| Q1 FY2024 | Mar 31, 2024 | 24.4% | +4.7 |
| Q4 FY2023 | Dec 31, 2023 | 21.4% | +0.4 |
| Q3 FY2023 | Sep 30, 2023 | 27.4% | −7.3 |
| Q2 FY2023 | Jun 30, 2023 | 24.9% | −0.5 |
| Q1 FY2023 | Mar 31, 2023 | 19.6% | −15.0 |
| Q4 FY2022 | Dec 31, 2022 | 21.0% | +2.4 |
| Q3 FY2022 | Sep 30, 2022 | 34.8% | +6.1 |
| Q2 FY2022 | Jun 30, 2022 | 25.4% | −1.3 |
| Q1 FY2022 | Mar 31, 2022 | 34.6% | +17.3 |
| Q4 FY2021 | Dec 31, 2021 | 18.6% | −5.4 |
| Q3 FY2021 | Sep 30, 2021 | 28.7% | −4.3 |
| Q2 FY2021 | Jun 30, 2021 | 26.8% | +0.2 |
| Q1 FY2021 | Mar 31, 2021 | 17.3% | −3.2 |
| Q4 FY2020 | Dec 31, 2020 | 24.1% | +1.0 |
| Q3 FY2020 | Sep 30, 2020 | 33.0% | +1.3 |
| Q2 FY2020 | Jun 30, 2020 | 26.6% | −0.2 |
| Q1 FY2020 | Mar 31, 2020 | 20.5% | −2.3 |
| Q4 FY2019 | Dec 31, 2019 | 23.1% | +1.6 |
| Q3 FY2019 | Sep 30, 2019 | 31.7% | −1.6 |
| Q2 FY2019 | Jun 30, 2019 | 26.8% | −3.9 |
| Q1 FY2019 | Mar 31, 2019 | 22.9% | +2.5 |
| Q4 FY2018 | Dec 31, 2018 | 21.5% | −4.8 |
| Q3 FY2018 | Sep 30, 2018 | 33.4% | −1.5 |
| Q2 FY2018 | Jun 30, 2018 | 30.7% | +2.4 |
| Q1 FY2018 | Mar 31, 2018 | 20.4% | −4.8 |
| Q4 FY2017 | Dec 31, 2017 | 26.3% | +1.6 |
| Q3 FY2017 | Sep 30, 2017 | 34.8% | – |
| Q2 FY2017 | Jun 30, 2017 | 28.3% | – |
| Q1 FY2017 | Mar 31, 2017 | 25.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 24.7% | – |
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