Middlesex Water Co financials
$53.20+1.43%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $194.7M | $191.9M | $166.3M | $162.4M | $143.1M | $141.6M | $134.6M | $138.1M | $130.8M | $132.9M |
| Gross profit | $194.7M | $191.9M | $166.3M | $162.4M | $143.1M | $141.6M | $134.6M | $138.1M | $130.8M | $132.9M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $54.4M | $53.2M | $39.2M | $42.1M | $33.2M | $37.4M | $35.5M | $37.1M | $37.8M | $40.3M |
| Net income | $42.7M | $44.2M | $31.4M | $42.3M | $36.4M | $38.3M | $33.8M | $32.3M | $22.7M | $22.6M |
| Net margin | 22.0% | 23.1% | 18.9% | 26.0% | 25.4% | 27.1% | 25.1% | 23.4% | 17.3% | 17.0% |
| Diluted EPS | $2.36 | $2.47 | $1.76 | $2.39 | $2.07 | $2.18 | $2.01 | $1.96 | $1.38 | $1.38 |
| EBITDA | $86.9M | $81.2M | $68.7M | $69.6M | $60.0M | $58.3M | $52.8M | $52.9M | $52.6M | $53.8M |
| 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 | -$38.4M | -$15.9M | -$37.4M | -$30.0M | -$46.4M | -$52.3M | -$53.1M | -$26.2M | -$7.5M | -$304.0K |
| Diluted shares | 18.1M | 17.9M | 17.8M | 17.7M | 17.6M | 17.6M | 16.8M | 16.5M | 16.5M | 16.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.8M | $4.2M | $2.4M | $3.8M | $3.5M | $4.5M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $415.0M | $383.5M | $408.6M | $363.2M | $26.1M | $16.4M |
| Total assets | $1.37B | $1.26B | $1.24B | $1.07B | $1.02B | $976.5M |
| Total liabilities | $679.2M | $626.9M | $688.7M | $558.7M | $215.8M | $242.9M |
| Shareholders' equity | $686.6M | $628.3M | $547.3M | $515.8M | $804.2M | $733.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology