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

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

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Columns are period end dates

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