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Middlesex Water Company (MSEX)

NASDAQ: MSEX · USD

$55.5

-0.74 (-1.3%)· Recorded snapshot

Market cap	1B
Revenue (ttm)	206.1M
Net income (ttm)	47.9M
EPS (ttm)	$2.59
Shares out	18.8M
P/E (trailing)	21.4x
P/E (forward)	19.7x
Dividend	$1.52 (2.74%)
Volume	89,563
Beta	0.73

Market data

Price

Recent price action with selectable time range.

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AEE	Ameren Corporation	29.9B	19.1x	3.6x	4.4%	+8.0%	+6.0%	Halten
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	Halten
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	Verkaufen

Metric	Value
Amount currency	USD
CIK code	0000066004
Company name	Middlesex Water Company
Country	United States
Country code	US
CUSIP number	596680108
Earnings date	2026-10-29
Earnings time	amc
Employees	395
Employees change	35
Employees growth	9.72%
Enterprise value	$1.5B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1897
In index	RUSSELL2000
Industry	Utilities - Regulated Water
Is primary listing	Yes
Is SPAC	No
ISIN number	US5966801087
Last 10-K release date	2026-02-19
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	2003-11-17
Last stock split type	Forward
Market cap	$1B
Market cap category	Small-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$55.48
Price currency	USD
Sector	Utilities
SIC code	4941
Stock price date	2026-10-28
Symbol	MSEX
U.S. state	New Jersey
Website	https://www.middlesexwater.com

Metric

Value

Amount currency

USD

CIK code

0000066004

Company name

Middlesex Water Company

Country

United States

Country code

CUSIP number

596680108

Earnings date

2026-10-29

Earnings time

amc

Employees

395

Employees change

Employees growth

9.72%

Enterprise value

$1.5B

Exchange

NASDAQ

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-09

Fiscal year end

December

Founded

1897

In index

RUSSELL2000

Industry

Utilities - Regulated Water

Is primary listing

Yes

Is SPAC

ISIN number

US5966801087

Last 10-K release date

2026-02-19

Last earnings date

2026-07-30

Last refreshed

2026-10-28

Last stock split date

2003-11-17

Last stock split type

Forward

Market cap

$1B

Market cap category

Small-Cap

Next earnings date

2026-10-29

Options

Yes

Price

$55.48

Price currency

USD

Sector

Utilities

SIC code

4941

Stock price date

2026-10-28

Symbol

MSEX

U.S. state

New Jersey

Website

https://www.middlesexwater.com

Metric	Value
Adjusted P/E ratio	21.42x
Average P/E ratio (10Y)	30.95x
Average P/E ratio (3Y)	25.9x
Average P/E ratio (5Y)	32.09x
Earnings yield	4.67%
EV/Earnings	30.94x
EV/EBIT	22.83x
EV/EBITDA	15.26x
EV/Sales	7.18x
FCF / EV yield	-2.44%
FCF yield	-3.46%
Forward EV/Sales	6.54x
Forward P/E	19.74x
Forward P/S	4.61x
Graham number	40.1462
Graham upside	-27.55%
Industry forward P/E	18.05x
Industry P/E	18.32x
Lynch fair value	$12.95
Lynch upside	-76.63%
P/(OCF - SBC) ratio	18.26x
P/B ratio	2.03x
P/E ratio	21.42x
P/OCF ratio	17.81x
P/S ratio	5.07x
PEG ratio	2.7x
Price / tangible book value	2x
Price/EBITDA ratio	10.76x
Sector forward P/E	16.94x
Sector P/E	19.65x

Metric

Value

Adjusted P/E ratio

21.42x

Average P/E ratio (10Y)

30.95x

Average P/E ratio (3Y)

25.9x

Average P/E ratio (5Y)

32.09x

Earnings yield

4.67%

EV/Earnings

30.94x

EV/EBIT

22.83x

EV/EBITDA

15.26x

EV/Sales

7.18x

FCF / EV yield

-2.44%

FCF yield

-3.46%

Forward EV/Sales

6.54x

Forward P/E

19.74x

Forward P/S

4.61x

Graham number

40.1462

Graham upside

-27.55%

Industry forward P/E

18.05x

Industry P/E

18.32x

Lynch fair value

$12.95

Lynch upside

-76.63%

P/(OCF - SBC) ratio

18.26x

P/B ratio

2.03x

P/E ratio

21.42x

P/OCF ratio

17.81x

P/S ratio

5.07x

PEG ratio

2.7x

Price / tangible book value

Price/EBITDA ratio

10.76x

Sector forward P/E

16.94x

Sector P/E

19.65x

Metric	Value
EBIT margin	31.48%
EBITDA margin	47.07%
Effective tax rate	10%
Gross margin	53.66%
Operating margin	31.48%
Pretax margin	25.84%
Profit margin	23.26%
Profit per employee	$121,192
Profitable quarters	130
Profitable years	34
Revenue per employee	$521,876
ROA	2.96%
ROA (5Y)	2.6%
ROCE	4.92%
ROE	9.77%
ROE (5Y)	9.61%
ROIC	4.42%
SBC / revenue	0.7%
Tax / revenue	2.58%

Metric

Value

EBIT margin

31.48%

EBITDA margin

47.07%

Effective tax rate

10%

Gross margin

53.66%

Operating margin

31.48%

Pretax margin

25.84%

Profit margin

23.26%

Profit per employee

$121,192

Profitable quarters

130

Profitable years

Revenue per employee

$521,876

ROA

2.96%

ROA (5Y)

2.6%

ROCE

4.92%

ROE

9.77%

ROE (5Y)

9.61%

ROIC

4.42%

SBC / revenue

0.7%

Tax / revenue

2.58%

Metric	Value
EPS growth	7.36%
EPS growth (Q)	31.64%
EPS growth (QoQ)	38.14%
EPS growth 10Y	6.81%
EPS growth 3Y	7.39%
EPS growth 5Y	3.26%
EPS growth quarters	2
EPS growth years	0
Net income growth	10.51%
Net income growth (Q)	37.06%
Net income growth (QoQ)	39.36%
Net income growth 3Y	8.86%
Net income growth 5Y	4.32%
Net income growth quarters	2
Net income growth years	0
OCF growth	-19.6%
OCF growth (Q)	-10.4%
OCF growth (QoQ)	39.8%
OCF growth 10Y	2.07%
OCF growth 3Y	-2.76%
OCF growth 5Y	4.46%
Revenue growth	5.27%
Revenue growth (Q)	14.26%
Revenue growth (QoQ)	15.69%
Revenue growth 10Y	4.81%
Revenue growth 3Y	7.16%
Revenue growth 5Y	7.47%
Revenue growth quarters	2
Revenue growth years	6

Metric

Value

EPS growth

7.36%

EPS growth (Q)

31.64%

EPS growth (QoQ)

38.14%

EPS growth 10Y

6.81%

EPS growth 3Y

7.39%

EPS growth 5Y

3.26%

EPS growth quarters

EPS growth years

Net income growth

10.51%

Net income growth (Q)

37.06%

Net income growth (QoQ)

39.36%

Net income growth 3Y

8.86%

Net income growth 5Y

4.32%

Net income growth quarters

Net income growth years

OCF growth

-19.6%

OCF growth (Q)

-10.4%

OCF growth (QoQ)

39.8%

OCF growth 10Y

2.07%

OCF growth 3Y

-2.76%

OCF growth 5Y

4.46%

Revenue growth

5.27%

Revenue growth (Q)

14.26%

Revenue growth (QoQ)

15.69%

Revenue growth 10Y

4.81%

Revenue growth 3Y

7.16%

Revenue growth 5Y

7.47%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	$-94.7M
Depreciation and amortization	$27.7M
EBIT	$64.9M
EBITDA	$97M
EPS	$2.59
FCF per share	$-1.92
Financing cash flow	$39.9M
Free cash flow	$-36.1M
Free cash flow minus SBC	$-37.5M
Gross profit	$110.6M
Income taxes	$5.3M
Investing cash flow	$-99.3M
Net borrowing	$23.5M
Net cash flow	$-759,000
Net income	$47.9M
Operating cash flow minus SBC	$57.2M
Operating income	$64.9M
Revenue	$206.1M
Stock-based compensation	$1.4M

Metric

Value

Capital expenditures

$-94.7M

Depreciation and amortization

$27.7M

EBIT

$64.9M

EBITDA

$97M

EPS

$2.59

FCF per share

$-1.92

Financing cash flow

$39.9M

Free cash flow

$-36.1M

Free cash flow minus SBC

$-37.5M

Gross profit

$110.6M

Income taxes

$5.3M

Investing cash flow

$-99.3M

Net borrowing

$23.5M

Net cash flow

$-759,000

Net income

$47.9M

Operating cash flow minus SBC

$57.2M

Operating income

$64.9M

Revenue

$206.1M

Stock-based compensation

$1.4M

Metric	Value
Book value per share	$27.65
Debt / EBITDA	4.48
Debt / equity	0.84
Interest coverage	4.27
Long-term assets	$1.4B
Long-term liabilities	$796.4M
Net cash (debt)	$-436.9M
Net cash / market cap	-41.85%
Net debt / EBITDA	4.5
Net debt / equity	0.84
Piotroski F-Score	5
Property, plant and equipment	$1.2B
Shareholders' equity	$522.4M
Tangible book value	$521.1M
Tangible book value per share	$27.65
Total assets	$1.4B
Total cash	$1.8M
Total debt	$438.7M
Total liabilities	$901M
WACC	6.76%

Metric

Value

Book value per share

$27.65

Debt / EBITDA

4.48

Debt / equity

0.84

Interest coverage

4.27

Long-term assets

$1.4B

Long-term liabilities

$796.4M

Net cash (debt)

$-436.9M

Net cash / market cap

-41.85%

Net debt / EBITDA

4.5

Net debt / equity

0.84

Piotroski F-Score

Property, plant and equipment

$1.2B

Shareholders' equity

$522.4M

Tangible book value

$521.1M

Tangible book value per share

$27.65

Total assets

$1.4B

Total cash

$1.8M

Total debt

$438.7M

Total liabilities

$901M

WACC

6.76%

Metric	Value
Asset turnover	0.15
Current assets	$52M
Current liabilities	$104.7M
Current ratio	0.5
Inventory turnover	12.01
Net working capital	$-12.8M
Quick ratio	0.34
Working capital	$-52.7M
Working capital turnover	-3.31

Metric

Value

Asset turnover

0.15

Current assets

$52M

Current liabilities

$104.7M

Current ratio

0.5

Inventory turnover

12.01

Net working capital

$-12.8M

Quick ratio

0.34

Working capital

$-52.7M

Working capital turnover

-3.31

Metric	Value
Buyback yield / dilution	-2.96%
Dividend growth	5.8%
Dividend growth (10Y)	6.1%
Dividend growth (3Y)	4.96%
Dividend growth (5Y)	5.68%
Dividend growth years	53
Dividend payment date	2026-12-01
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$1.52
Dividend yield	2.74%
Ex-dividend date	2026-11-16
Last dividend	$0.38
Payout ratio	58.68%
Shareholder yield	-0.22%

Metric

Value

Buyback yield / dilution

-2.96%

Dividend growth

5.8%

Dividend growth (10Y)

6.1%

Dividend growth (3Y)

4.96%

Dividend growth (5Y)

5.68%

Dividend growth years

Dividend payment date

2026-12-01

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

$1.52

Dividend yield

2.74%

Ex-dividend date

2026-11-16

Last dividend

$0.38

Payout ratio

58.68%

Shareholder yield

-0.22%

Metric	Value
10Y price change	52.04%
10Y return CAGR	6.3%
10Y total return	84.15%
150-day SMA	$54.56
15Y price change	186.57%
15Y return CAGR	9.92%
15Y total return	313.15%
1D price change	-1.32%
1M price change	3.76%
1M total return	3.76%
1W price change	3.45%
1W total return	3.45%
1Y price change	-10.46%
1Y return CAGR	-8.06%
1Y total return	-8.05%
20-day SMA	$54.10
200-day SMA	$54.14
20Y price change	194.64%
20Y return CAGR	8.61%
20Y total return	421.22%
3M price change	-1.23%
3M total return	-0.62%
3Y price change	-12.63%
3Y return CAGR	-2.05%
3Y total return	-6.02%
50-day SMA	$55.61
50-day SMA vs 200-day SMA	50over200
52-week high	$61.60
52-week high date	2025-10-28
52-week low	$44.17
52-week low date	2025-11-03
5Y price change	-48.14%
5Y return CAGR	-10.53%
5Y total return	-42.66%
6M price change	4.33%
6M total return	5.7%
All-time high	$121.43
All-time high date	2021-12-31
All-time low	$5.50
All-time low date	1985-07-02
Average true range (ATR)	$1.18
Average volume	127.1K
Beta (1Y)	-0.01
Beta (2Y)	-0.23
Beta (5Y)	0.73
Change from 52-week high	-9.94%
Change from 52-week low	25.61%
Change from all-time high	-54.31%
Change from all-time low	908.73%
Change from open	-0.36%
Day's gap	-0.96%
Dollar volume	$5M
High price	$55.84
Low price	$55.33
Monthly RSI	48.37
Open price	$55.68
Position in 52-week range	29.41%
Previous close	$56.22
Price vs 150-day SMA	1.7%
Price vs 20-day SMA	2.56%
Price vs 200-day SMA	2.47%
Price vs 50-day SMA	-0.24%
Relative volume	0.71
RSI	55.09
Sharpe ratio	-0.28
Sharpe ratio (3Y)	-0.06
Sharpe ratio (5Y)	-0.34
Sortino ratio	-0.19
Sortino ratio (3Y)	0.1
Sortino ratio (5Y)	-0.3
Volume	89.6K
Weekly RSI	51.39
YTD price change	10.04%
YTD total return	12.22%

Metric

Value

10Y price change

52.04%

10Y return CAGR

6.3%

10Y total return

84.15%

150-day SMA

$54.56

15Y price change

186.57%

15Y return CAGR

9.92%

15Y total return

313.15%

1D price change

-1.32%

1M price change

3.76%

1M total return

3.76%

1W price change

3.45%

1W total return

3.45%

1Y price change

-10.46%

1Y return CAGR

-8.06%

1Y total return

-8.05%

20-day SMA

$54.10

200-day SMA

$54.14

20Y price change

194.64%

20Y return CAGR

8.61%

20Y total return

421.22%

3M price change

-1.23%

3M total return

-0.62%

3Y price change

-12.63%

3Y return CAGR

-2.05%

3Y total return

-6.02%

50-day SMA

$55.61

50-day SMA vs 200-day SMA

50over200

52-week high

$61.60

52-week high date

2025-10-28

52-week low

$44.17

52-week low date

2025-11-03

5Y price change

-48.14%

5Y return CAGR

-10.53%

5Y total return

-42.66%

6M price change

4.33%

6M total return

5.7%

All-time high

$121.43

All-time high date

2021-12-31

All-time low

$5.50

All-time low date

1985-07-02

Average true range (ATR)

$1.18

Average volume

127.1K

Beta (1Y)

-0.01

Beta (2Y)

-0.23

Beta (5Y)

0.73

Change from 52-week high

-9.94%

Change from 52-week low

25.61%

Change from all-time high

-54.31%

Change from all-time low

908.73%

Change from open

-0.36%

Day's gap

-0.96%

Dollar volume

$5M

High price

$55.84

Low price

$55.33

Monthly RSI

48.37

Open price

$55.68

Position in 52-week range

29.41%

Previous close

$56.22

Price vs 150-day SMA

1.7%

Price vs 20-day SMA

2.56%

Price vs 200-day SMA

2.47%

Price vs 50-day SMA

-0.24%

Relative volume

0.71

RSI

55.09

Sharpe ratio

-0.28

Sharpe ratio (3Y)

-0.06

Sharpe ratio (5Y)

-0.34

Sortino ratio

-0.19

Sortino ratio (3Y)

0.1

Sortino ratio (5Y)

-0.3

Volume

89.6K

Weekly RSI

51.39

YTD price change

10.04%

YTD total return

12.22%

Metric	Value
Float	18.3M
Float percentage	97.32%
Shares change (QoQ)	0.87%
Shares change (YoY)	2.96%
Shares held by insiders	2.66%
Shares held by institutions	84.39%
Shares outstanding	18.8M
Short % of float	4.41%
Short % of shares	4.29%
Short ratio	6.5 days

Metric

Value

Float

18.3M

Float percentage

97.32%

Shares change (QoQ)

0.87%

Shares change (YoY)

2.96%

Shares held by insiders

2.66%

Shares held by institutions

84.39%

Shares outstanding

18.8M

Short % of float

4.41%

Short % of shares

4.29%

Short ratio

6.5 days

Middlesex Water Company (MSEX)

Price

Financial snapshot

Fair-value bridge

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Profitability

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