Saturday 17 October 2026 Export MSEX’s income statement to Excel — free account

Middlesex Water Company

MSEX Utilities Utilities Regulated Water

Middlesex Water Company’s revenue for fiscal 2025 (year ended December 2025) was $194.7 million, up 1.47% from fiscal 2024. In the quarter to June 2026, revenue grew 14.3%, EPS grew 31.7%, free cash flow fell 22.4% and total debt rose 12.4%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five; insiders bought in the last twelve months.

54.59 0.68 +1.26%

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Market cap: $1.0B
P/E: 21.1×
Fwd P/E: 21.2×
Dividend yield: 2.64%
F-score: 3/9
Altman Z: 1.08
Beneish M: −2.52
Dividend safety: 49/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	22.64	21.36	21.69	21.68
P/S ratio Full definition →		5.03	4.69	4.85	5.10
P/FCF ratio Full definition →		0.00	0.00	0.00	0.00
P/Operating CF Full definition →		81.41	49.42	82.28	64.06
P/B ratio Full definition →		2.03	1.85	1.93	2.02
Price to Tangible BV Full definition →		2.03	1.85	1.93	2.02
EV/Sales Full definition →		6.85	6.66	6.74	7.04
EV/EBITDA Full definition →		15.62	14.92	15.14	15.72
EV/Operating CF Full definition →		20.38	20.71	22.17	24.76
EV/FCF Full definition →		(42.72)	(38.40)	(35.76)	(35.81)
Quick Ratio Full definition →		0.22	0.23	0.17	0.22
Current Ratio Full definition →		0.42	0.45	0.39	0.50
Net Debt/EBITDA Full definition →		13.51	19.48	17.72	15.96
Debt/Assets Full definition →		26.66%	28.32%	27.37%	28.33%
Debt/Equity Full definition →		0.74	0.78	0.76	0.77
Asset Turnover Full definition →		0.15	0.15	0.15	0.15
Operating CF/Net income Full definition →		0.86	2.15	1.11	1.11
Capex/Depreciation Full definition →		(2.46)	(2.90)	(2.52)	(4.74)
Interest Coverage Full definition →		4.22	2.98	4.08	4.54
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		54.44%	61.37%	58.66%	55.66%
Intangible Assets out of Total Assets Full definition →		0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →		0.30%	0.25%	0.82%	1.36%
Graham Net Nets Full definition →		(0.82)	(0.91)	(0.87)	(0.81)
Graham Number Full definition →		37.84	38.07	38.20	40.29
Earnings Yield Full definition →		4.42%	4.68%	4.61%	4.61%
Free Cash Flow Yield Full definition →		(3.19%)	(3.70%)	(3.89%)	(3.86%)
Revenue per Share Full definition →		2.98	2.60	2.63	3.01
Operating CF per Share Full definition →		0.66	1.02	0.63	0.88
Capex per Share Full definition →		(1.16)	(1.37)	(1.11)	(1.75)
Free Cash Flow per Share Full definition →		(0.49)	(0.35)	(0.48)	(0.88)
Cash per Share Full definition →		0.19	0.15	0.11	0.10
Shareholders Equity per Share Full definition →		26.70	27.37	27.09	27.93
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		26.70	27.37	27.09	27.93
Free Cash Flow Full definition →		(8.96)	(6.25)	(8.91)	(16.43)
Working Capital Full definition →		(68.68)	(52.03)	(72.83)	(52.67)
Capital Expenditures Full definition →		(21.01)	(24.71)	(20.64)	(32.83)
Net Current Asset Value Full definition →		(808.46)	(828.60)	(836.82)	(849.02)
EV/EBIT Full definition →		24.86	23.84	24.01	24.10
Capex to Sales Full definition →		0.39	0.53	0.42	0.58
Price to Operating Income Full definition →		18.26	16.78	17.26	17.44
Other line items
Average Receivables Full definition →		22.72	19.03	19.41	20.92
Average Payables Full definition →		30.25	29.69	30.50	30.90
Average Inventory Full definition →		6.93	7.13	7.56	7.95
Average Assets Full definition →		1,285.79	1,310.46	1,332.50	1,369.69
Average Common Equity Full definition →		462.24	469.65	475.05	489.44

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Columns are period end dates

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