Middlesex Water
MSEX
52.91
-0.24
-0.44%
Middlesex Water
US · MSEX
#3248 by market cap
52.91
-0.24
-0.44%
Live - 5344 symbols - heartbeat 122s ago
· 2026-10-08 10:16
Pre-market
53.37
+0.43%
After-hours
53.14
0.00%
Overnight
53.80
+1.24%
- Market cap
- 996.94M
- P/E (TTM)i
- 20.43
- P/Bi
- 1.91
- EPSi
- 2.36
- Div yieldi
- 2.68%
- 52W posi
- 56%
Reader sentiment
Are you bullish or bearish on MSEX?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.14, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +1.47% YoY
Margins
- Gross margin
- 53.11%
- Operating margin
- 27.93%
- Net margin
- 21.96%
Key ratios & quality
- Enterprise valuei
- 1.41B
- PEG ratioi
- 66.36
- Altman Z-Scorei
- 1.14
PEG uses trailing P/E against the 3-year net income growth rate (0.31%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 138.08M | 134.60M | 141.59M | 143.14M | 162.43M | 166.27M | 191.88M | 194.69M |
| Gross profit | 66.51M | 66.62M | 70.80M | 69.47M | 83.34M | 83.16M | 99.51M | 103.40M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 37.14M | 35.52M | 37.42M | 33.21M | 42.10M | 39.22M | 53.21M | 54.38M |
| Pretax profit | 33.38M | 30.75M | 34.31M | 31.06M | 45.67M | 32.57M | 51.26M | 47.64M |
| Tax | 924.00K | -3.14M | -4.12M | -5.49M | 3.24M | 1.04M | 6.91M | 4.82M |
| Net profit | 32.45M | 33.89M | 38.43M | 36.54M | 42.43M | 31.52M | 44.35M | 42.82M |
| Basic EPS | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.96 | 2.01 | 2.18 | 2.07 | 2.39 | 1.76 | 2.47 | 2.36 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 44.30M | 49.32M | 54.09M | 46.98M | 48.71M | 56.36M |
| Gross profit | 23.19M | 26.26M | 30.35M | 23.60M | 25.70M | 30.96M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 11.56M | 13.91M | 17.70M | 11.21M | 13.10M | 18.23M |
| Pretax profit | 10.64M | 12.19M | 15.39M | 9.43M | 11.89M | 16.56M |
| Tax | 1.16M | 1.41M | 1.43M | 820.00K | 1.29M | 1.79M |
| Net profit | 9.48M | 10.78M | 13.96M | 8.61M | 10.61M | 14.77M |
| Basic EPS | 1 | 1 | 1 | 0 | 1 | 1 |
| Diluted EPS | 0.53 | 0.60 | 0.77 | 0.46 | 0.57 | 0.79 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 30.82M | 29.13M | 34.12M | 34.36M | 37.31M | 108.54M | 42.97M | 41.77M |
| Cash & ST investments | 3.71M | 2.23M | 4.49M | 3.53M | 3.83M | 2.39M | 4.23M | 2.80M |
| Inventory | 5.41M | 5.45M | 5.11M | 5.36M | 6.18M | 6.97M | 6.72M | 7.55M |
| Total assets | 767.83M | 909.88M | 976.47M | 1.02B | 1.07B | 1.24B | 1.26B | 1.37B |
| Total current liabilities | 94.36M | 64.98M | 56.85M | 56.62M | 117.86M | 103.83M | 82.89M | 93.80M |
| Short-term debt | 55.84M | 27.18M | 9.26M | 19.73M | 72.96M | 50.49M | 30.71M | 36.10M |
| Long-term debt | 152.85M | 230.78M | 273.24M | 306.52M | 290.28M | 358.15M | 352.82M | 378.87M |
| Total liabilities | 516,610,000.00 | 584,002,000.00 | 628,178,000.00 | 650,205,000.00 | 672,038,000.00 | 810,977,000.00 | 808,276,000.00 | 870,363,000.00 |
| Total equity | 251.22M | 325.88M | 348.29M | 369.81M | 402.41M | 425.08M | 446.90M | 495.37M |
| Retained earnings | 91.43M | 108.67M | 128.76M | 145.81M | 167.27M | 176.23M | 197.06M | 214.88M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 46.50M | 49.51M | 49.60M | 41.77M | 46.83M | 52.02M |
| Cash & ST investments | 2.66M | 2.56M | 3.38M | 2.80M | 2.04M | 1.80M |
| Inventory | 7.03M | 6.92M | 7.31M | 7.55M | 8.10M | 8.98M |
| Total assets | 1.28B | 1.32B | 1.34B | 1.37B | 1.39B | 1.42B |
| Total current liabilities | 101.22M | 121.48M | 118.28M | 93.80M | 119.66M | 104.70M |
| Short-term debt | 41.72M | 62.83M | 62.65M | 36.10M | 54.67M | 41.65M |
| Long-term debt | 351.26M | 351.08M | 350.15M | 378.87M | 371.68M | 395.60M |
| Total liabilities | 828,299,000.00 | 856,755,000.00 | 858,061,000.00 | 870,363,000.00 | 883,649,000.00 | 901,047,000.00 |
| Total equity | 450.66M | 459.14M | 483.90M | 495.37M | 502.39M | 522.44M |
| Retained earnings | 200.44M | 205.10M | 212.91M | 214.88M | 218.80M | 226.85M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 45.86M | 36.05M | 53.36M | 33.03M | 61.36M | 52.78M | 58.73M | 62.60M |
| Depreciation & amortization | 15.78M | 17.23M | 20.84M | 26.80M | 27.48M | 29.44M | 28.04M | 32.50M |
| Free cash flow | -26.23M | -53.07M | -52.26M | -46.35M | -29.97M | -37.40M | -15.89M | -33.76M |
| Dividends paid | -15.07M | -16.30M | -18.30M | -19.49M | -20.93M | -22.56M | -23.52M | -25.00M |
| Stock buybacks / issuance | 1.15M | 56.78M | 1.23M | 3.84M | 10.34M | 12.12M | 974.00K | 30.45M |
| Ending cash balance | 5.66M | 46.50M | 10.40M | 3.53M | 3.83M | 2.39M | 4.23M | 4.48M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 13.78M | 18.30M | 12.05M | 18.46M | 11.73M | 16.40M |
| Depreciation & amortization | 7.91M | 7.54M | 8.53M | 8.51M | 8.19M | 6.93M |
| Free cash flow | -5.13M | -13.42M | -8.96M | -6.25M | -8.91M | -16.43M |
| Dividends paid | -6.10M | -6.12M | -6.14M | -6.63M | -6.69M | -6.73M |
| Stock buybacks / issuance | 221.00K | 3.83M | 17.23M | 9.17M | 2.82M | 11.61M |
| Ending cash balance | 2.66M | 4.24M | 5.06M | 4.48M | 3.72M | 3.48M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 13.52 | 11.79 | 11.43 | 10.20 | 11.02 | 7.63 | 10.19 | 9.10 |
| ROA %i | 4.52 | 4.02 | 4.06 | 3.65 | 4.04 | 2.72 | 3.55 | 3.26 |
| ROIC %i | 9.04 | 7.48 | 7.17 | 6.36 | 6.96 | 5.51 | 6.77 | 6.38 |
| 5-year avg ROE %i | 10.72 | 11.18 | 11.50 | 11.42 | 11.59 | 10.41 | 10.09 | 9.63 |
| EBIT margin %i | 29.07 | 28.24 | 29.52 | 27.36 | 33.88 | 27.49 | 34.02 | 31.81 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.33 | 0.45 | 0.60 | 0.61 | 0.32 | 1.05 | 0.52 | 0.45 |
| Quick ratioi | 0.24 | 0.33 | 0.46 | 0.46 | 0.24 | 0.96 | 0.41 | 0.33 |
| Debt / assetsi | 27.18 | 28.98 | 29.45 | 32.41 | 34.15 | 33.31 | 30.75 | 30.52 |
| LT debt / equityi | 61.44 | 73.04 | 80.38 | 84.54 | 73.44 | 85.40 | 79.79 | 77.06 |
| Interest coveragei | 5.94 | 5.23 | 5.58 | 4.83 | 5.88 | 3.48 | 4.66 | 4.33 |
| Revenue CAGR (3Y) %i | 3.09 | 0.42 | 2.68 | 1.21 | 6.47 | 5.50 | 10.26 | 6.22 |
| Net income CAGR (3Y) %i | 17.45 | 14.22 | 18.99 | 4.04 | 7.78 | -6.39 | 6.67 | 0.31 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 9.82 | 9.72 | 9.29 | 9.10 | 9.24 | 9.78 |
| ROA %i | 3.40 | 3.34 | 3.34 | 3.26 | 3.29 | 3.50 |
| ROIC %i | 6.44 | 6.31 | 6.45 | 6.38 | 6.45 | 6.71 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 32.41 | 31.27 | 31.50 | 31.81 | 31.99 | 33.21 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.46 | 0.41 | 0.42 | 0.45 | 0.39 | 0.50 |
| Quick ratioi | 0.33 | 0.30 | 0.31 | 0.33 | 0.26 | 0.34 |
| Debt / assetsi | 30.90 | 31.62 | 30.91 | 30.52 | 30.88 | 30.82 |
| LT debt / equityi | 78.73 | 77.15 | 72.97 | 77.06 | 74.51 | 76.20 |
| Interest coveragei | 4.71 | 4.69 | 4.43 | 4.33 | 4.30 | 4.51 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Regulated is the largest reported line at 94.86% of revenue, across 3 reported segments.
- The next-largest line, Non-Regulated, is a distant second at 5.74% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Regulated94.86%
Non-Regulated5.74%
Quote time 2026-10-08 10:16:36 · For reference only, not investment advice and not tailored to your situation.