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MIDDLESEX WATER CO MSEX

Nasdaq · stock · Water Supply · website · IPO 1958-09-16

MIDDLESEX WATER CO financials (annual)

Revenue
$132.7M $130.6M $137.9M $134.5M $141.4M $143.0M $162.3M $166.3M $191.9M $194.7M 2016201720182019202020212022202320242025
Net income
$22.7M $22.8M $32.5M $33.9M $38.4M $36.5M $42.4M $31.5M $44.4M $42.8M 2016201720182019202020212022202320242025
Free cash flow
-$52.3M -$46.4M -$30.0M -$37.4M -$15.9M 2016201720182019202020212022202320242025

Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$194.7M$191.9M$166.3M$162.3M$143.0M$141.4M$134.5M$137.9M$130.6M$132.7M
Operating income$54.4M$53.2M$39.2M$47.3M$33.2M$37.4M$35.5M$37.1M$37.8M$40.3M
Interest expense——$13.1M$9.4M$8.1M$7.5M$7.3M$6.8M$5.5M$5.3M
Income tax$4.8M$6.9M$1.0M$3.2M-$5.5M-$4.1M-$3.1M$924,000$11.1M$11.7M
Net income$42.8M$44.4M$31.5M$42.4M$36.5M$38.4M$33.9M$32.5M$22.8M$22.7M
EPS (diluted)$2.36$2.47$1.76$2.39$2.07$2.18$2.01$1.96$1.38$1.38
Operating cash flow$62.6M$58.7M$52.8M$61.4M$33.0M$53.4M$36.1M$45.9M$42.8M$47.1M
Free cash flow—-$15.9M-$37.4M-$30.0M-$46.4M-$52.3M————
Cash & equivalents$2.8M$4.2M$2.4M$3.8M$3.5M$4.5M$2.2M$3.7M$4.9M$4.3M
Total assets$1.4B$1.3B$1.2B$1.1B$1.0B$976.5M$909.9M$767.8M$661.1M$620.2M
Shareholders' equity$494.0M$445.3M$423.0M$400.3M$367.7M$346.2M————

Growth · year-over-year · Revenue CAGR 4.3%

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue growth+1.5%+15.4%+2.5%+13.5%+1.1%+5.2%-2.5%+5.6%-1.6%—
Net income growth-3.4%+40.7%-25.7%+16.1%-4.9%+13.4%+4.4%+42.3%+0.3%+13.6%
EPS growth-4.5%+40.3%-26.4%+15.5%-5.0%+8.5%+2.6%+42.0%+0.0%+13.1%

Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.