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.

Financial snapshot

Revenue (ttm): 206.1M
Net income (ttm): 47.9M
EPS (ttm): $2.59
P/E (trailing): 21.4x
P/E (forward): 19.7x
Market cap: 1B

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%	Trzymaj
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	Trzymaj
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	Sprzedaj

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E19.7

P25 n/aP50 n/aP75 n/a

Trailing P/E21.4

P25 n/aP50 n/aP75 n/a

ROE9.8

P25 n/aP50 n/aP75 n/a

ROIC4.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MSEX indicators

Market & fundamental data

Available fields

265

Groups with data

Currency

USD

Showing 265 of 265 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

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

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

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

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

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%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

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

Financial statements

Income-statement and cash-flow amounts, totals and per share.

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

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

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%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

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

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

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%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

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%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

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

Deeper analysis on MSEX

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this MSEX report

Is a complete MSEX research report available?

No complete published report is available for Middlesex Water Company (MSEX) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Middlesex Water Company (MSEX)

Price

Financial snapshot

Fair-value bridge

Latest news · MSEX

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All MSEX indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MSEX

Frequently asked questions