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MIDDLESEX WATER CO

Data quality: 100%
MSEXP
Nasdaq Utilities Electric, Gas & Sanitary Services
$598.00
$0.00 (0.00%)
Mkt Cap: 10.85 B
Price
$598.00
Mkt Cap
10.85 B
Day Range
$598.00 — $598.00
52-Week Range
$527.00 — $662.50
Volume
3
Open $598.00
50D / 200D Avg
$595.12
0.48% above
50D / 200D Avg
$578.68
3.34% above

Quick Summary

Key Takeaways

Net margin of 21.99% shows strong profitability
Generating 62.60 M in free cash flow
P/E of 253.28 — premium valuation
Cash machine — converts 146.18% of earnings into free cash flow
ROIC of 4.04% — low return on invested capital

Growth

Revenue Growth (5Y)
N/A
Revenue (1Y)1.47%
Earnings (1Y)-3.45%
FCF Growth (3Y)N/A

Quality

Return on Equity
9.11%
Below sector avg (9.11%)
ROIC4.04%
Net Margin21.99%
Op. Margin27.93%

Safety

Debt / Equity
0.73
Below sector avg (1.13)
Current Ratio0.42
Interest Coverage3.80

Valuation

PE (TTM)
253.28
Above sector avg (18.89)
P/B Ratio22.48
EV/EBITDA128.84
Dividend YieldN/A

Price History

Financial Trends

Peer Comparison

vs Utilities sector median (266 peers)
Metric Stock Sector Median
P/E 253.3 18.9
P/B 22.5 1.9
ROE % 9.1 9.1
Net Margin % 22.0 11.7
Rev Growth 5Y % — 4.4
D/E 0.7 1.1

All Fundamental Metrics
Growth
Revenue Growth (1Y) 1.47% Revenue Growth (3Y) N/A
Earnings Growth (1Y) -3.45% Earnings Growth (3Y) 16.55%
Revenue Growth (5Y) N/A Earnings Growth (5Y) 4.04%
Profitability
Revenue (TTM) 194.69 M Net Income (TTM) 42.82 M
ROE 9.11% ROA 3.22%
Gross Margin N/A Operating Margin 27.93%
Net Margin 21.99% Free Cash Flow (TTM) 62.60 M
ROIC 4.04% FCF Growth (3Y) N/A
Safety
Debt / Equity 0.73 Current Ratio 0.42
Interest Coverage 3.80 Asset Turnover 0.15
Working Capital -68.68 M Tangible Book Value 482.55 M
Dividends
Dividend Yield N/A Payout Ratio N/A
Dividend Growth (3Y) N/A Dividend Growth (5Y) N/A
Consecutive Div Years N/A
Valuation
P/E Ratio 253.28 Forward P/E N/A
P/B Ratio 22.48 P/S Ratio 55.71
PEG Ratio 62.69 Forward PEG N/A
EV/EBITDA 128.84 Fwd EV/EBITDA N/A
Forward P/S N/A Fwd Earnings Yield N/A
FCF Yield 0.58%
Market Cap 10.85 B Enterprise Value 11.19 B
Per Share
EPS (Diluted TTM) 2.36 Revenue / Share 10.73
FCF / Share 3.45 OCF / Share 3.45
EPS CAGR (1Y) -4.45% EPS CAGR (5Y) 3.33%
EPS CAGR (10Y) 6.14%
Efficiency
CapEx / Revenue N/A FCF Conversion 146.18%
SBC-Adj. FCF 61.32 M Growth Momentum N/A

Income Statement

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 194.69 M 191.88 M — — —
Net Income 42.82 M 44.35 M 31.52 M 42.43 M 36.54 M
EPS (Diluted) 2.36 2.47 1.76 2.39 2.07
Gross Profit — — — — —
Operating Income 54.38 M 53.21 M 39.22 M 47.33 M 33.21 M
EBITDA — — — — —
R&D Expenses — — — — —
SG&A Expenses — — — — —
D&A 32.50 M 28.04 M 29.44 M 27.48 M 26.80 M
Interest Expense 14.30 M 14.02 M 13.14 M 9.37 M 8.11 M
Income Tax 4.82 M 6.91 M 1.04 M 3.24 M -5.49 M

Balance Sheet

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 1.37 B 1.26 B 1.24 B 1.07 B 1.02 B
Total Liabilities — — — — —
Shareholders' Equity 494.03 M 445.26 M 422.99 M — —
Total Debt 378.87 M 352.82 M 407.54 M 361.89 M 324.15 M
Cash & Equivalents 2.80 M 4.23 M 2.39 M 3.83 M 3.53 M
Current Assets 41.77 M 42.97 M 108.54 M 37.31 M 34.36 M
Current Liabilities 93.80 M 82.89 M 103.83 M 117.86 M 56.62 M