MSEX
Middlesex Water Co
$55.93
▼ 1.5%Updated Today 3:42 PM ET
MSEX at a glance — five pillars scored 0–100 from real filed financials.
Overall: Unrated · 0/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Market Cap
$0.00
P/E
—
Forward P/E (est.)
—
ROE
—
Revenue Growth
—
EPS Growth
—
Profit Margin
—
FCF Yield
—
Debt / Equity
—
ROIC
6.0%
Interest Coverage
4.14x
Current Ratio
0.39x
Dividend Yield
—
Implied Growth (rev. DCF)
—
Rating Score
0/100
Middlesex Water Co (MSEX) is a small-cap company in the Utilities industry, part of the Utilities sector of the S&P 500.
In its latest reported year it generated about $194.69M in revenue and $42.82M in net profit.
Our model rates MSEX Unrated (0/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
2Y CAGR
8.2%
Revenue moved from $166.27M in 2023 to $194.69M in 2025, a 8.2% compound annual growth rate. The most recent year was roughly steady year over year. Slower, mature growth is common for established businesses.
Gross Margin
—
Operating Margin
27.9%
Net Margin
22.0%
ROE
—
Total Debt
$260.00M
Net Debt
$257.96M
Net Debt / EBITDA
4.74x
Debt / Equity
—
Leverage: debt-to-equity is n/a, and operating profit covers interest about 4.1x, with a current ratio of 0.4x. Detailed balance-sheet leverage is limited for this name. It carries roughly $260.00M of total debt against $2.04M of cash.
Operating CF
$62.60M
Free Cash Flow
$62.60M
FCF Margin
32.2%
In the latest year Middlesex Water Co produced about $62.60M of operating cash flow and $62.60M of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Per share (latest FY)
$1.38
Total paid (latest FY)
$24.92M
History on record
3 years
dividend uses 40% of free cash flow
58% of net income paid out
total dividends increased 2 years in a row
no cuts in the last 3 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
—
P/S
—
P/B
—
EV / EBITDA
—
MSEX trades at n/a trailing earnings. With no positive trailing earnings, value it on sales, cash flow, or growth rather than P/E.
Where MSEX sits versus its Utilities sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 38 Utilities companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How MSEX stacks up against its Utilities peers — valuation, profitability, and growth versus the sector median.
In the Utilities sector (47 S&P 500 companies), MSEX ranks #43 of 47 by our overall rating.
P/E vs sector
—
median 21.9x
ROE vs sector
—
median 10.3%
Growth vs sector
—
median 8.8%
Sector rank
#43
of 47 by rating
Peers are the closest Utilities companies by sub-industry and size. Sector median is across all 47 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $55.93 today · expected CAGR -6% – 4%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $210.27M | $227.09M | $245.26M | $264.88M | $286.07M |
| Net income | $46.26M | $49.96M | $53.96M | $58.27M | $62.94M |
| EPS | $2.48 | $2.68 | $2.90 | $3.13 | $3.38 |
| Share price (low) | $29.81 | $32.19 | $34.77 | $37.55 | $40.55 |
| Share price (high) | $49.68 | $53.65 | $57.94 | $62.58 | $67.58 |
| CAGR (low–high) | -47% / -11% | -24% / -2% | -15% / 1% | -9% / 3% | -6% / 4% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for MSEX:
- As an established S&P 500 member in Utilities, it brings scale and a long operating history.
The case against MSEX:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Middlesex Water Co is a small-cap utilities business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at n/a earnings, which our model scores Unrated (0/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 8 Wall Street analysts covering MSEX recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+63 pts of buy ratings).
Latest SEC Filings
MSEX's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
MSEX — frequently asked questions
Is MSEX a good stock to buy?
We don't give buy or sell advice. Review Middlesex Water Co's fundamentals, valuation, and 5-year financials on this page, then make your own decision — and consider a licensed professional.
Where does MSEX's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Middlesex Water Co's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for MSEX calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this MSEX analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell MSEX. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.