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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%
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

Middlesex Water Company (MSEX) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Middlesex Water Company (MSEX) trades at a P/E ratio of 21.1×. Over the past ten years it has ranged from 18.3× (May 2015) to 57.8× (December 2021); the current reading is higher than 9% of that period. That is in line with the Utilities Regulated Water industry median of 20.8× and above the Utilities sector median of 20.0×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 21.4× 0.67%
FY2024 21.2× (41.95%)
FY2023 36.6× 9.57%
FY2022 33.4× (42.31%)
FY2021 57.8× 74.78%
FY2020 33.1× 5.15%
FY2019 31.5× 16.80%
FY2018 26.9× (3.50%)
FY2017 27.9× (6.07%)
FY2016 29.7× 37.77%

Quarterly newest first

Period P/E ratio Change
Jun 2026 21.7× (0.02%)
Mar 2026 21.7× 1.51%
Dec 2025 21.4× (5.65%)
Sep 2025 22.6× 1.14%
42 more quarters

Against its own ten years

Low 18.3× High 57.8×
Ten-year median 28.9×
Current reading's percentile 2

P/E ratio against peers

Company P/E ratio
CDZI Cadiz, Inc. compare n/m
ARTNA Artesian Resources Corporation compare 14.5×
PCYO Pure Cycle Corporation compare 18.1×
YORW The York Water Company compare 19.3×
HTO H2O America compare 20.2×
CWT California Water Service Group compare 20.8×
MSEX Middlesex Water Company 21.1×
AWR American States Water Company compare 22.8×
CWCO Consolidated Water Co. Ltd. compare 27.4×
Utilities Regulated Water industry median 20.8×
Utilities sector median 20.0×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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