What is Middlesex Watr's earnings per share (EPS)?

Middlesex Watr (MSEX) reported diluted earnings per share of $2.36 for fiscal year 2025. This represents a -4.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Middlesex Watr Financials

MSEX

Trailing 12 months to June 30, 2026

Revenue $206.1M +5.3% YoY

Net Income $5.1M -88.2% YoY

EPS (Diluted) $2.59 +7.0% YoY

Free Cash Flow Not reported for the trailing 12 months

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Middlesex Watr (MSEX) reported $206.1M in revenue over the twelve months to Jun 30, 2026, up 5.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MSEX FY2025 2026-08-29

Middlesex Water’s dominant mechanic is asset-heavy reinvestment that routinely consumes internally generated cash and shapes its financing posture.

The FY2024 free-cash-flow deficit narrowed to -$15.9M while operating cash flow remained $58.7M, indicating that the improvement came mainly from lighter reinvestment rather than a new cash-generation engine.

In FY2025, the asset base expanded 8.8% while long-term debt rose 7.4%, showing continued balance-sheet growth coinciding with additional borrowing. Operating margin held at 27.9%, so the larger asset base has not yet produced a visibly different operating margin structure.

The FY2025 current ratio was 0.4x, after 0.5x in FY2024, meaning current liabilities exceeded current assets in both years. Combined with a 0.8x debt-to-equity ratio, this describes moderate long-term leverage but tighter short-term working capital, a financing profile shaped by ongoing capital spending.

Financial Health Signals

Financial Health Score 48/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Middlesex Watr's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Altman Z-Score Distress

1.20

Middlesex Watr scores 1.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.1B) relative to total liabilities ($871.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Middlesex Watr passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

N/A

Middlesex Watr reported $43 of net income while generating $62.6M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Interest Coverage Adequate

3.80x

Middlesex Watr earns $3.80 in operating income for every $1 of interest expense ($54.4M vs $14.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$194.7M

YoY+1.5%

5Y CAGR+6.6%

Middlesex Watr generated $194.7M in revenue in fiscal year 2025. This represents an increase of 1.5% from the prior year.

EBITDA

$86.9M

YoY+6.9%

5Y CAGR+8.3%

10Y CAGR+5.9%

Middlesex Watr's EBITDA was $86.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.9% from the prior year.

Net Income

$43

YoY-3.6%

5Y CAGR-93.6%

10Y CAGR-72.9%

Middlesex Watr reported $43 in net income in fiscal year 2025. This represents a decrease of 3.6% from the prior year.

EPS (Diluted)

$2.36

YoY-4.5%

Middlesex Watr earned $2.36 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 4.5% from the prior year.

Cash & Balance Sheet

Cash & Debt

$2.8M

YoY-33.7%

5Y CAGR-9.0%

10Y CAGR-2.1%

Middlesex Watr held $2.8M in cash against $378.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.38

YoY+4.9%

Middlesex Watr paid $1.38 per share in dividends in fiscal year 2025. This represents an increase of 4.9% from the prior year.

Shares Outstanding

19M

YoY+3.5%

Middlesex Watr had 19M shares outstanding in fiscal year 2025. This represents an increase of 3.5% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin

27.9%

YoY+0.2pp

5Y CAGR+1.5pp

Middlesex Watr's operating margin was 27.9% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.

Net Margin

0.0%

YoY0.0pp

5Y CAGR-27.2pp

Middlesex Watr's net profit margin was 0.0% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.

Return on Equity

0.0%

YoY0.0pp

5Y CAGR-11.1pp

Middlesex Watr's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. That is unchanged from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

MSEX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MSEX quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$206.1M	$194.7M+1.5%	$191.9M+15.4%	$166.3M+2.5%	$162.3M+13.5%	$143.0M+1.1%	$141.4M+5.2%	$134.5M-2.5%	$137.9M+5.6%	$130.6M-1.6%	$132.7M	N/A	N/A	N/A	N/A	N/A
Operating Income	$60.2M	$54.4M+2.2%	$53.2M+35.7%	$39.2M-17.1%	$47.3M+42.5%	$33.2M-11.2%	$37.4M+5.3%	$35.5M-4.4%	$37.1M-1.7%	$37.8M-6.2%	$40.3M+12.4%	$35.8M+4.2%	$34.4M+11.0%	$31.0M+12.0%	$27.6M+14.2%	$24.2M
Interest Expense	$15.2M	$14.3M+1.9%	$14.0M+6.7%	$13.1M+40.3%	$9.4M+15.4%	$8.1M+8.3%	$7.5M+3.2%	$7.3M+7.5%	$6.8M+22.7%	$5.5M+4.0%	$5.3M-4.7%	$5.6M-0.9%	$5.6M-3.4%	$5.8M-13.7%	$6.7M+5.5%	$6.4M
Income Tax	$5.3M	$4.8M-30.2%	$6.9M+563.3%	$1.0M-67.9%	$3.2M+159.0%	-$5.5M-33.2%	-$4.1M-31.2%	-$3.1M-439.8%	$924K-91.7%	$11.1M-5.4%	$11.7M+11.2%	$10.6M+6.2%	$9.9M+15.3%	$8.6M+16.8%	$7.4M+13.1%	$6.5M
Net Income	$5.1M	$43-3.6%	$44+41.0%	$32-25.7%	$42+16.2%	$37-100.0%	$38.4M+13.4%	$33.9M+4.4%	$32.5M+42.3%	$22.8M+0.3%	$22.7M+13.6%	$20.0M+8.6%	$18.4M+10.9%	$16.6M+15.5%	$14.4M+7.1%	$13.4M
EPS (Diluted)	$2.59	$2.36-4.5%	$2.47+40.3%	$1.76-26.4%	$2.39+15.5%	$2.07	$2.18+8.5%	$2.01+2.6%	$1.96+42.0%	$1.380.0%	$1.38+13.1%	$1.22+8.0%	$1.13+9.7%	$1.03+14.4%	$0.90+7.1%	$0.84

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$56.4M+15.7%	$48.7M+3.7%	$47.0M-13.1%	$54.1M+9.7%	$49.3M+11.3%	$44.3M-6.0%	$47.1M-14.5%	$55.1M
Operating Income	$18.2M+39.1%	$13.1M+16.9%	$11.2M-36.7%	$17.7M+27.2%	$13.9M+20.4%	$11.6M+9.8%	$10.5M-39.8%	$17.5M
Interest Expense	$4.0M+25.0%	$3.2M-14.5%	$3.8M-10.5%	$4.2M+15.9%	$3.6M+33.5%	$2.7M	N/A	$3.4M
Income Tax	$1.8M+39.2%	$1.3M+56.9%	$819K-42.8%	$1.4M+1.6%	$1.4M+21.3%	$1.2M	N/A	$1.7M
Net Income	$14.8M+39.3%	$10.6M+131.0%	-$34.2M-345.1%	$14.0M+29.5%	$10.8M+13.7%	$9.5M+7.7%	$8.8M-38.5%	$14.3M
EPS (Diluted)	$0.79+38.6%	$0.57+23.9%	$0.46-40.3%	$0.77+28.3%	$0.60+13.2%	$0.53+8.2%	$0.49-38.8%	$0.80

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

MSEX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MSEX quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$1.4B+8.8%	$1.3B+1.5%	$1.2B+15.0%	$1.1B+5.3%	$1.0B+4.5%	$976.5M+7.3%	$909.9M+18.5%	$767.8M+16.1%	$661.1M+6.6%	$620.2M+6.7%	$581.4M+1.0%	$575.8M+8.6%	$530.3M-5.6%	$561.7M+4.5%	$537.5M
Current Assets	$41.8M-2.8%	$43.0M-60.4%	$108.5M+190.9%	$37.3M+8.6%	$34.4M+0.7%	$34.1M+17.1%	$29.1M-5.5%	$30.8M+5.4%	$29.2M+9.5%	$26.7M+9.4%	$24.4M+6.8%	$22.9M-11.5%	$25.8M+5.0%	$24.6M+7.6%	$22.9M
Cash & Equivalents	$2.8M-33.7%	$4.2M+76.8%	$2.4M-37.6%	$3.8M+8.3%	$3.5M-21.3%	$4.5M+101.4%	$2.2M-39.8%	$3.7M-25.0%	$4.9M+14.3%	$4.3M+24.5%	$3.5M+29.8%	$2.7M-44.7%	$4.8M+59.8%	$3.0M-2.6%	$3.1M
Accounts Receivable	$19.2M+2.0%	$18.8M+3.7%	$18.2M+13.4%	$16.0M+4.6%	$15.3M+5.1%	$14.6M+22.3%	$11.9M+1.2%	$11.8M+9.1%	$10.8M+6.5%	$10.1M+0.7%	$10.1M+0.5%	$10.0M-14.0%	$11.6M-6.5%	$12.4M+10.3%	$11.3M
Total Liabilities	$871.7M+7.6%	$809.9M-0.4%	$813.1M+20.6%	$674.1M+3.3%	$652.3M+3.5%	$630.3M	N/A	N/A	N/A	N/A	N/A	N/A	$208.9M-14.8%	$245.3M+9.0%	$225.0M
Current Liabilities	$93.8M+13.2%	$82.9M-20.2%	$103.8M-11.9%	$117.9M+108.2%	$56.6M-0.4%	$56.8M-12.5%	$65.0M-31.1%	$94.4M+46.2%	$64.5M+37.1%	$47.1M+66.2%	$28.3M-35.5%	$43.9M-16.7%	$52.7M-5.8%	$55.9M+19.8%	$46.7M
Long-Term Debt	$378.9M+7.4%	$352.8M-1.5%	$358.2M+23.4%	$290.3M-5.3%	$306.5M+12.2%	$273.2M+18.4%	$230.8M+51.0%	$152.9M+9.9%	$139.0M+3.3%	$134.5M+1.2%	$132.9M-2.3%	$136.0M+4.8%	$129.8M-1.3%	$131.5M-0.5%	$132.2M
Total Equity	$494.0M+11.0%	$445.3M+5.3%	$423.0M+5.7%	$400.3M+8.9%	$367.7M+6.2%	$346.2M	N/A	N/A	N/A	N/A	N/A	N/A	$321.4M+1.6%	$316.5M+1.3%	$312.5M
Retained Earnings	$214.9M+9.0%	$197.1M+11.8%	$176.2M+5.4%	$167.3M+14.7%	$145.8M+13.2%	$128.8M+18.5%	$108.7M+18.8%	$91.4M+23.5%	$74.1M+13.2%	$65.4M+16.9%	$55.9M+15.0%	$48.6M+14.2%	$42.6M+11.8%	$38.1M+7.1%	$35.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$1.4B+2.7%	$1.4B+1.5%	$1.4B+1.8%	$1.3B+2.0%	$1.3B+2.9%	$1.3B+1.9%	$1.3B+2.1%	$1.2B
Current Assets	$52.0M+11.1%	$46.8M+12.1%	$41.8M-15.8%	$49.6M+0.2%	$49.5M+6.5%	$46.5M+8.2%	$43.0M-17.6%	$52.1M
Cash & Equivalents	$1.8M-11.7%	$2.0M-27.1%	$2.8M-17.3%	$3.4M+32.2%	$2.6M-3.7%	$2.7M-37.1%	$4.2M-33.4%	$6.3M
Accounts Receivable	$21.0M+12.1%	$18.7M-2.7%	$19.2M-15.5%	$22.7M+8.9%	$20.9M+3.8%	$20.1M+6.8%	$18.8M-17.0%	$22.7M
Total Liabilities	$902.4M+2.0%	$885.0M+1.5%	$871.7M+1.4%	$859.4M+0.2%	$858.1M+3.4%	$829.9M+2.5%	$809.9M+2.8%	$787.7M
Current Liabilities	$104.7M-12.5%	$119.7M+27.6%	$93.8M-20.7%	$118.3M-2.6%	$121.5M+20.0%	$101.2M+22.1%	$82.9M+3.7%	$79.9M
Long-Term Debt	$395.6M+6.4%	$371.7M-1.9%	$378.9M+8.2%	$350.2M-0.3%	$351.1M0.0%	$351.3M-0.4%	$352.8M+0.2%	$352.3M
Total Equity	$521.1M+4.0%	$501.0M+1.4%	$494.0M+2.4%	$482.5M+5.4%	$457.8M+1.9%	$449.0M+0.9%	$445.3M+0.8%	$441.9M
Retained Earnings	$226.8M+3.7%	$218.8M+1.8%	$214.9M+0.9%	$212.9M+3.8%	$205.1M+2.3%	$200.4M+1.7%	$197.1M+1.4%	$194.4M

Not reported in any period shown, so not listed: Inventory, Goodwill.

MSEX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MSEX quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$58.6M	$62.6M+6.6%	$58.7M+11.3%	$52.8M-14.0%	$61.4M+85.8%	$33.0M-38.1%	$53.4M+48.0%	$36.1M-21.4%	$45.9M+7.1%	$42.8M-9.0%	$47.1M-8.1%	$51.2M+57.2%	$32.6M-3.7%	$33.8M+14.3%	$29.6M+29.5%	$22.8M
Capital Expenditures	N/A	N/A	$74.6M-17.3%	$90.2M-1.3%	$91.3M+15.1%	$79.4M-24.8%	$105.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	-$15.9M+57.5%	-$37.4M-24.8%	-$30.0M+35.3%	-$46.4M+11.3%	-$52.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$99.3M	-$101.0M-35.3%	-$74.6M+17.3%	-$90.2M-2.2%	-$88.2M-11.1%	-$79.4M+24.8%	-$105.6M-18.5%	-$89.1M-23.6%	-$72.1M-43.3%	-$50.3M-6.2%	-$47.4M-94.3%	-$24.4M	N/A	N/A	-$22.3M-11.2%	-$20.1M
Financing Cash Flow	$39.9M	$38.6M+117.8%	$17.7M-50.7%	$36.0M+32.5%	$27.1M-31.2%	$39.5M+144.2%	$16.2M-82.8%	$93.9M+268.4%	$25.5M+167.3%	$9.5M+1235.7%	$714K+102.7%	-$26.0M	N/A	N/A	-$7.3M-246.7%	-$2.1M
Dividends Paid	$26.1M	$24.9M+6.5%	$23.4M+4.3%	$22.4M+7.8%	$20.8M+7.4%	$19.4M+6.6%	$18.2M+12.5%	$16.2M+8.3%	$14.9M+6.6%	$14.0M+6.6%	$13.1M+4.7%	$12.6M+2.6%	$12.2M+2.4%	$11.9M+5697.6%	$206K0.0%	$206K
Share Buybacks	N/A	N/A	$1.5M+137.2%	$619K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$16.4M+39.8%	$11.7M-36.5%	$18.5M+53.2%	$12.0M-34.2%	$18.3M+32.8%	$13.8M-35.6%	$21.4M+10.0%	$19.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	$25.1M+21.2%	$20.7M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	-$3.7M-191.1%	-$1.3M
Investing Cash Flow	-$33.0M-59.8%	-$20.6M+16.5%	-$24.7M-17.6%	-$21.0M+42.2%	-$36.3M-92.1%	-$18.9M+24.8%	-$25.1M-21.2%	-$20.7M
Financing Cash Flow	$16.3M+100.5%	$8.2M+43.8%	$5.7M-42.1%	$9.8M-50.1%	$19.6M+450.7%	$3.6M+118.5%	$1.6M+513.5%	-$394K
Dividends Paid	$6.7M+0.6%	$6.7M+0.8%	$6.6M+8.0%	$6.1M+0.4%	$6.1M+0.3%	$6.1M0.0%	$6.1M+5.0%	$5.8M
Share Buybacks	N/A	N/A	N/A	N/A	$154K-31.6%	$225K+90.7%	$118K+436.4%	$22K

MSEX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MSEX quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Margin	27.9%+0.2pp	27.7%+4.1pp	23.6%-5.6pp	29.2%+5.9pp	23.2%-3.2pp	26.5%0.0pp	26.4%-0.5pp	26.9%-2.0pp	28.9%-1.4pp	30.4%	N/A	N/A	N/A	N/A	N/A
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-27.2pp	27.2%+2.0pp	25.2%+1.7pp	23.5%+6.1pp	17.5%+0.3pp	17.1%	N/A	N/A	N/A	N/A	N/A
Return on Equity	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-11.1pp	11.1%	N/A	N/A	N/A	N/A	N/A	N/A	5.2%+0.6pp	4.5%+0.3pp	4.3%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-3.9pp	3.9%+0.2pp	3.7%-0.5pp	4.2%+0.8pp	3.5%-0.2pp	3.7%+0.2pp	3.4%+0.2pp	3.2%+0.1pp	3.1%+0.6pp	2.6%+0.1pp	2.5%
Current Ratio	0.45-0.1x	0.52-0.5x	1.05+0.7x	0.32-0.3x	0.610.0x	0.60+0.2x	0.45+0.1x	0.33-0.1x	0.45-0.1x	0.57-0.3x	0.86+0.3x	0.520.0x	0.49+0.1x	0.440.0x	0.49
Debt-to-Equity	0.770.0x	0.79-0.1x	0.85+0.1x	0.73-0.1x	0.830.0x	0.79	N/A	N/A	N/A	N/A	N/A	N/A	0.400.0x	0.420.0x	0.42
FCF Margin	N/A	-8.3%+14.2pp	-22.5%-4.0pp	-18.5%+13.9pp	-32.4%+4.5pp	-37.0%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Margin	32.4%+5.4pp	26.9%+3.1pp	23.8%-8.9pp	32.7%+4.5pp	28.2%+2.1pp	26.1%+3.7pp	22.4%-9.4pp	31.8%
Net Margin	26.2%+4.4pp	21.8%+94.6pp	-72.8%-98.6pp	25.8%+4.0pp	21.9%+0.5pp	21.4%+2.7pp	18.7%-7.3pp	26.0%
Return on Equity	2.8%+0.7pp	2.1%+9.0pp	-6.9%-9.8pp	2.9%+0.5pp	2.4%+0.2pp	2.1%+0.1pp	2.0%-1.3pp	3.2%
Return on Assets	1.0%+0.3pp	0.8%+3.3pp	-2.5%-3.6pp	1.0%+0.2pp	0.8%+0.1pp	0.7%0.0pp	0.7%-0.5pp	1.2%
Current Ratio	0.50+0.1x	0.39-0.1x	0.450.0x	0.420.0x	0.41-0.1x	0.46-0.1x	0.52-0.1x	0.65
Debt-to-Equity	0.760.0x	0.740.0x	0.770.0x	0.730.0x	0.770.0x	0.780.0x	0.790.0x	0.80
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	-8.0%-5.6pp	-2.3%

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.45), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Middlesex Watr Ranks

Frequently Asked Questions

What is Middlesex Watr's annual revenue?

Middlesex Watr (MSEX) reported $194.7M in total revenue for fiscal year 2025. This represents a 1.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Middlesex Watr's revenue growing?

Middlesex Watr (MSEX) revenue grew by 1.5% year-over-year, from $191.9M to $194.7M in fiscal year 2025.

Is Middlesex Watr profitable?

Yes, Middlesex Watr (MSEX) reported a net income of $43 in fiscal year 2025, with a net profit margin of 0.0%.

What is Middlesex Watr's EBITDA?

Middlesex Watr (MSEX) had EBITDA of $86.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Middlesex Watr have?

As of fiscal year 2025, Middlesex Watr (MSEX) had $2.8M in cash and equivalents against $378.9M in long-term debt.

What is Middlesex Watr's operating margin?

Middlesex Watr (MSEX) had an operating margin of 27.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Middlesex Watr's net profit margin?

Middlesex Watr (MSEX) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Middlesex Watr pay dividends?

Yes, Middlesex Watr (MSEX) paid $1.38 per share in dividends during fiscal year 2025.

What is Middlesex Watr's return on equity (ROE)?

Middlesex Watr (MSEX) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Middlesex Watr's operating cash flow?

Middlesex Watr (MSEX) generated $62.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Middlesex Watr's total assets?

Middlesex Watr (MSEX) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Middlesex Watr have outstanding?

Middlesex Watr (MSEX) had 19M shares outstanding as of fiscal year 2025.

What is Middlesex Watr's current ratio?

Middlesex Watr (MSEX) had a current ratio of 0.45 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Middlesex Watr's debt-to-equity ratio?

Middlesex Watr (MSEX) had a debt-to-equity ratio of 0.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Middlesex Watr's return on assets (ROA)?

Middlesex Watr (MSEX) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Middlesex Watr's Altman Z-Score?

Middlesex Watr (MSEX) has an Altman Z-Score of 1.20, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Middlesex Watr's Piotroski F-Score?

Middlesex Watr (MSEX) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Middlesex Watr's earnings high quality?

Middlesex Watr (MSEX) reported $43 of net income while generating $62.6M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Middlesex Watr cover its interest payments?

Middlesex Watr (MSEX) has an interest coverage ratio of 3.80x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Middlesex Watr?

Middlesex Watr (MSEX) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.