Middlesex Water Company | Small-cap | Utilities
$54.88
-1.24%
| Middlesex Water Stock Comparison:
Middlesex Water vs American Water WorksMiddlesex Water vs Essential UtilitiesMiddlesex Water vs SJWMiddlesex Water vs Aris Water SolutionsMiddlesex Water vs Cadiz Inc. PreferredMiddlesex Water vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 191.9M
Gross Profit 99.5M 51.86%
Operating Income 53.2M 27.73%
Net Income 44.4M 23.11%
EPS (Diluted) $2.47

Balance Sheet Metrics

Total Assets 1.3B
Total Liabilities 808.3M
Shareholders Equity 446.9M
Debt to Equity 1.81

Cash Flow Metrics

Operating Cash Flow 58.1M
Free Cash Flow -15.9M

Revenue & Profitability Trend

Middlesex Water Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue191.9M166.3M162.4M143.1M141.6M
Cost of Goods Sold92.4M83.1M79.1M73.7M70.8M
Gross Profit99.5M83.2M83.3M69.5M70.8M
Operating Expenses00-2.3M-2.7M-4.0M
Operating Income53.2M39.2M42.1M33.2M37.4M
Pre-tax Income51.3M32.6M45.7M31.1M34.3M
Income Tax6.9M1.0M3.2M-5.5M-4.1M
Net Income44.4M31.5M42.4M36.5M38.4M
EPS (Diluted)$2.47$1.76$2.39$2.07$2.18

Income Statement Trend

Middlesex Water Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets43.0M108.5M37.3M34.4M34.1M
Non-Current Assets1.2B1.1B1.0B985.7M942.3M
Total Assets1.3B1.2B1.1B1.0B976.5M
Liabilities
Current Liabilities82.9M103.8M117.9M56.6M56.8M
Non-Current Liabilities725.4M707.1M554.2M593.6M571.3M
Total Liabilities808.3M811.0M672.0M650.2M628.2M
Equity
Total Shareholders Equity446.9M425.1M402.4M369.8M348.3M

Balance Sheet Composition

Middlesex Water Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income44.4M31.5M42.4M36.5M38.4M
Operating Cash Flow58.1M53.0M62.2M34.7M51.3M
Investing Activities
Capital Expenditures-----105.6M
Investing Cash Flow003.1M0-105.6M
Financing Activities
Dividends Paid-23.5M-22.6M-20.9M-19.5M-18.3M
Financing Cash Flow17.7M36.0M27.1M39.5M16.2M
Free Cash Flow-15.9M-37.4M-30.0M-46.4M-52.3M

Cash Flow Trend

Middlesex Water Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 23.85
Forward P/E 24.16
Price to Book 2.29
Price to Sales 5.27
PEG Ratio 24.16

Profitability Ratios

Profit Margin 22.05%
Operating Margin 28.72%
Return on Equity 9.80%
Return on Assets 2.96%

Financial Health

Current Ratio 0.46
Debt to Equity 87.82
Beta 0.80

Per Share Data

EPS (TTM) $2.41
Book Value per Share $25.10
Revenue per Share $10.96

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
msex1.0B23.852.299.80%22.05%87.82
American Water Works 28.1B26.232.6710.43%22.24%137.74
Essential Utilities 10.6B16.981.629.78%27.17%120.58
SJW 1.9B18.291.347.49%12.89%133.31
Aris Water Solutions 1.4B29.021.938.03%6.15%65.98
Cadiz Inc. Preferred 1.2B-30.76-84.03%-296.15%198.30

Financial data is updated regularly. All figures are in the company's reporting currency.