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MIDDLESEX WATER CO
Nasdaq, OTC · CIK 66004
Last close53.56
Daily change+1.13 (2.16%)
10 Years gain+87.28%
Dividends TTM1.44 (+5.88%)
Dividend yield2.75%
Fundamental Analysis
MSEX · STANDARD
SIC 4941 · Water Supply · Fiscal year end 1231
Fundamental
28.8Momentum
n/aAcceleration
n/aConfidence
67.0Annual Revenue3
Quarterly Revenue13
Annual CFO15
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth8.2 / 25
Quality17.2 / 25
Capital Efficiency3.4 / 20
Balance Sheet0.0 / 15
Shareholder Economics0.0 / 10
Forward Indicators0.0 / 5
Signals
Net debt reductionNet debt declined versus the comparison period.
Key Metrics
Revenue Growth TTM6.56%OK
Revenue CAGR 3Yn/aINSUFFICIENT_HISTORY
Gross Margin100%OK
Operating Margin30.19%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC5.41%OK
Incremental Operating Margin 3Yn/aNOT_MEANINGFUL
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y4.38%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $194.69M | $194.69M | $54.38M | $62.60M | n/a | 100% | 27.93% | n/a | 5.82% | 18.14M |
| 2025 FY Dec 31, 2024 | $191.88M | $191.88M | $53.21M | $58.73M | n/a | 100% | 27.73% | n/a | 7.28% | 17.95M |
| 2025 FY Dec 31, 2023 | $166.27M | $166.27M | $39.22M | $52.78M | n/a | 100% | 23.59% | n/a | 6.51% | 17.85M |
| 2024 FY Dec 31, 2022 | n/a | $167.67M | $47.33M | $61.36M | -$29.97M | n/a | n/a | n/a | 6.38% | 17.71M |
| 2023 FY Dec 31, 2021 | n/a | $143.14M | $33.21M | $33.03M | -$46.35M | n/a | n/a | n/a | 4.23% | 17,607 |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $208.49M | sum latest 4 fiscal quarters Revenue | OK | 0001628280-26-051038, 0001628280-25-047821 |
| Revenue Growth TTM | 6.56% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001628280-26-051038, 0001628280-25-047821 |
| Revenue CAGR 3Y | n/a | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | INSUFFICIENT_HISTORY | 0001628280-26-009777 |
| Revenue CAGR 5Y | n/a | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | INSUFFICIENT_HISTORY | 0001628280-26-009777 |
| Gross Profit CAGR 3Y | n/a | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | INSUFFICIENT_HISTORY | 0001628280-26-009777 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001628280-26-051038, 0001628280-25-047821 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 100% | Gross Profit / Revenue | OK | 0001628280-26-051038, 0001628280-25-047821 |
| Operating Margin | 30.19% | Operating Income / Revenue | OK | 0001628280-26-051038, 0001628280-25-047821 |
| ROIC | 5.41% | NOPAT / Average Invested Capital | OK | 0001628280-26-051038, 0001628280-25-047821 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001628280-26-051038 |
| Current Ratio | 0.5x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 0x | (Cash + Short-term Investments) / Total Debt | OK | 0001628280-26-051038 |
| Revenue per Diluted Share | $11.13 | Revenue / Diluted Shares | OK | 0001628280-26-051038, 0001628280-25-047821 |