MIDDLESEX WATER COMPANY financials

  1. Home
  2. Financials
  3. MSEX
MSEX CIK 0000066004

Source: EDGAR filings · Built 2026-06-02T03:35:37Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow — -15.89M -37.40M -29.97M -46.35M -52.26M
EBITDA 86.87M 81.25M 68.67M 74.81M 60.01M 58.26M
Working Capital -52.03M -39.91M 4.71M -80.55M -22.26M -22.73M
Net Debt 414.57M 382.31M 809.75M 414.91M 340.08M 281.05M
Operating Margin 27.93% 27.73% 23.59% 29.17% 23.23% 26.45%
Net Margin 21.99% 23.11% 18.96% 26.14% 25.56% 27.17%
Return on Equity (ROE) 8.67% 9.96% 7.45% 10.60% 9.94% 11.10%
Return on Assets (ROA) 3.14% 3.53% 2.55% 3.95% 3.58% 3.94%
Current Ratio 0.45× 0.52× 1.05× 0.32× 0.61× 0.60×
Debt-to-Equity 0.84× 0.87× 1.92× 1.05× 0.93× 0.82×
Effective Tax Rate 10.12% 13.47% 3.20% 7.09% -17.67% -12.01%
Cash Conversion Ratio 1.46× 1.32× 1.67× 1.45× 0.90× 1.39×
Accruals Ratio -0.01× -0.01× -0.02× -0.02× 0.00× -0.02×
SBC % of Revenue 0.64% 0.80% 1.33% 1.00% 0.94% 0.77%
CapEx Coverage — 0.79× 0.59× 0.67× 0.42× 0.51×
Free Cash Flow Per Share — $-0.89 $-2.10 $-1.69 $-2.63 $-2.97

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 21.36× 21.31× 37.28× 32.92× 58.12× 33.24×
EV / EBITDA 15.52× 16.29× 28.82× 24.10× 40.79× 26.56×
P/S 4.80× 4.91× 7.03× 8.55× 14.74× 8.95×
P/B 1.90× 2.12× 2.78× 3.48× 5.76× 3.68×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 194.69M 191.88M 166.27M — — —
Operating Expenses 140.32M 138.67M 127.05M 120.33M 109.93M 104.17M
Operating Income (Loss) 54.38M 53.21M 39.22M 47.33M 33.21M 37.42M
Income Tax Expense (Benefit) 4.82M 6.91M 1.04M 3.24M -5.49M -4.12M
Net Income (Loss) Attributable to Parent 42.82M 44.35M 31.52M 42.43M 36.54M 38.42M
Earnings Per Share, Basic $2.36 $2.48 $1.77 $2.40 $2.08 $2.19
Weighted Average Number of Shares Outstanding, Basic 18.10M 17.84M 17.73M 17.60M 17.49M 17.46M
Earnings Per Share, Diluted $2.36 $2.47 $1.76 $2.39 $2.07 $2.18
Weighted Average Number of Shares Outstanding, Diluted 18.14M 17.95M 17.85M 17.71M 17.61M 17.57M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.80M 4.23M 2.39M 3.83M 3.53M 4.49M
Assets, Current 41.77M 42.97M 108.54M 37.31M 34.35M 34.12M
Assets 1.37B 1.26B 1.24B 1.07B 1.02B 976.47M
Long-term Debt — — 364.74M 306.39M 311.15M 277.24M
Liabilities, Current 93.80M 82.89M 103.83M 117.86M 56.62M 56.85M
Long-term Debt, Excluding Current Maturities 378.87M 352.82M 358.15M 290.28M 306.52M 273.24M
Stockholders' Equity Attributable to Parent 494.03M 445.26M 422.99M 400.33M 367.73M 346.21M
Common Stock, Shares, Outstanding 18.52M 17.89M 17.82M 17.64M 17.52M 17.47M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 62.60M 58.73M 52.78M 61.36M 33.03M 53.35M
Payments to Acquire Property, Plant, and Equipment — 74.62M 90.18M 91.33M 79.38M 105.62M
Net Cash Provided by (Used in) Investing Activities -100.96M -74.62M -90.18M -88.21M -79.38M -105.62M
Payments for Repurchase of Common Stock — 1.47M 619.00K — — —
Net Cash Provided by (Used in) Financing Activities 38.61M 17.73M 35.96M 27.15M 39.48M 16.17M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Loading filing details…

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (MSEX CIK 0000066004), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

Related tickers

GSM

Ferroglobe PLC

QNCX

Quince Therapeutics, Inc.

ARDX

ARDELYX, INC.