MIDDLESEX WATER CO MSEXP
OTC · OOTC · stock · Water Supply
4/9
Piotroski F — financial health
1.13
Altman Z″ — distress risk · grey
58.2%
Dividend payout · moderate
Financials (annual, from 10-K)
| FY | Revenue | Net income | Gross profit | Free cash flow | Equity |
|---|---|---|---|---|---|
| 2025 | $194.7M | $42.8M | — | — | $494.0M |
| 2024 | $191.9M | $44.4M | — | -$15.9M | $445.3M |
| 2023 | $166.3M | $31.5M | — | -$37.4M | $423.0M |
| 2022 | $162.3M | $42.4M | — | -$30.0M | $400.3M |
| 2021 | $143.0M | $36.5M | — | -$46.4M | $367.7M |
| 2020 | $141.4M | $38.4M | — | -$52.3M | $346.2M |
Recent insider activity (Form 4)
| Insider | Role | Date | Action | Shares | Price |
|---|---|---|---|---|---|
| Simpson Georgia M | VP-IT | 2026-04-01 | J | 759 | $52.05 |
| Simpson Georgia M | VP-IT | 2026-04-01 | Tax withheld | 338 | $52.05 |
| Kooper Jay L | VP, Gen. Counsel & Secretary | 2026-04-01 | Grant | 2,597 | $52.05 |
| Kooper Jay L | VP, Gen. Counsel & Secretary | 2026-04-01 | J | 759 | $52.05 |
| Kooper Jay L | VP, Gen. Counsel & Secretary | 2026-04-01 | Tax withheld | 350 | $52.05 |
| Ginegaw Lorrie Beth | VP, Human Resources | 2026-04-01 | Grant | 2,017 | $52.05 |
| Ginegaw Lorrie Beth | VP, Human Resources | 2026-04-01 | J | 823 | $52.05 |
| Simpson Georgia M | VP-IT | 2026-04-01 | Grant | 2,140 | $52.05 |
Why these scores methodology →
Piotroski F-score: 4/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: 1.13 (grey)
- Working capital / assets -0.038
- Retained earnings / assets 0.157
- EBIT / assets 0.04
- Equity / liabilities 0.567
Source: SEC EDGAR filings · CIK 0000066004 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.