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.
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Middlesex Water Company (MSEX) EV/Sales
As of 16 October 2026, Middlesex Water Company (MSEX) trades at a EV/Sales of 6.9×. Over the past ten years it has ranged from 4.1× (May 2015) to 16.9× (December 2021); the current reading is higher than 41% of that period. That is above the Utilities Regulated Water industry median of 6.1× and above the Utilities sector median of 4.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 6.7× | (1.37%) |
| FY2024 | 6.8× | (25.71%) |
| FY2023 | 9.1× | (13.84%) |
| FY2022 | 10.5× | (37.46%) |
| FY2021 | 16.9× | 54.93% |
| FY2020 | 10.9× | 13.02% |
| FY2019 | 9.6× | 29.04% |
| FY2018 | 7.5× | 25.25% |
| FY2017 | 6.0× | (2.11%) |
| FY2016 | 6.1× | 35.92% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 7.0× | 4.46% |
| Mar 2026 | 6.7× | 1.27% |
| Dec 2025 | 6.7× | (2.85%) |
| Sep 2025 | 6.9× | 0.96% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| CWCO Consolidated Water Co. Ltd. compare | 2.5× |
| CWT California Water Service Group compare | 4.2× |
| ARTNA Artesian Resources Corporation compare | 4.4× |
| HTO H2O America compare | 5.1× |
| AWR American States Water Company compare | 6.0× |
| MSEX Middlesex Water Company | 6.9× |
| PCYO Pure Cycle Corporation compare | 8.0× |
| YORW The York Water Company compare | 8.2× |
| CDZI Cadiz, Inc. compare | 36.9× |
| Utilities Regulated Water industry median | 6.1× |
| Utilities sector median | 4.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)