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%

Follow MSEX

Alert me

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
ROE Full definition →	9.78%	9.24%	9.10%	9.29%	+8 more TTM periods Free account
Piotroski F-Score Full definition →	5	3	3	6
ROA Full definition →	3.50%	3.29%	3.26%	3.34%
ROIC Full definition →	4.08%	3.97%	3.87%	4.00%
Return on Tangible Assets Full definition →	4.18%	4.00%	3.90%	4.09%
Average Days of Receivables Full definition →	37.11	34.26	36.02	42.60
Free Cash Flow per Share Full definition →	(2.17)	(2.02)	(1.87)	(1.72)
Free Cash Flow Full definition →	(40.55)	(37.54)	(33.76)	(31.25)
Capital Expenditures Full definition →	(99.19)	(98.08)	(96.35)	(96.78)
Other line items
Cash ROIC Full definition →	(4.37%)	(4.25%)	(3.81%)	(3.70%)
Accounts Receivable Turnover Full definition →	9.85	10.26	10.23	8.57
Accounts Payable Turnover Full definition →	0.00	0.00	0.00	0.00
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	0.00	0.00	0.00	0.00
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00
Tax Rate Full definition →	(0.10)	(0.10)	(0.10)	(0.09)
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 →	57.35%	58.04%	58.15%	58.79%
Share Based Compensation of Revenue Full definition →	0.70%	0.63%	0.64%	0.73%
Interest Coverage Full definition →	3.97	3.78	3.80	3.88
Operating CF/Net income Full definition →	1.23	1.38	1.46	1.53
Depreciation/Fixed assets Full definition →	0.03	0.03	0.03	0.03
Capex/Depreciation Full definition →	(3.08)	(2.99)	(2.97)	(3.04)
Revenue per Share Full definition →	11.02	10.74	10.76	10.75
Operating CF per Share Full definition →	3.13	3.26	3.46	3.62
Capex per Share Full definition →	(5.30)	(5.29)	(5.32)	(5.34)
Capex to Sales Full definition →	0.48	0.49	0.49	0.50

Show all line items

Columns are period end dates

Stockrow Weekly