Middlesex Water Company Income Statement
MSEX / Utilities|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Middlesex Water Company reported $195M in revenue and $43M in net income for FY2025. Revenue has grown at a 8.2% compound annual rate over the past 2 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.61 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $194.7M | $191.9M | $166.3M | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $54.4M | $53.2M | $39.2M | $47.3M | $33.2M | $37.4M | $35.5M | $37.1M | $37.8M | $40.3M | $35.8M | $34.4M | $31.0M | $27.6M | $24.2M |
| Interest Expense | - | - | $13.1M | $9.4M | $8.1M | $7.5M | $7.3M | $6.8M | $5.5M | $5.3M | $5.6M | $5.6M | $5.8M | $6.7M | $6.4M |
| Income Tax | $4.8M | $6.9M | $1.0M | $3.2M | -$5.5M | -$4.1M | -$3.1M | $924.0K | $11.1M | $11.7M | $10.6M | $9.9M | $8.6M | $7.4M | $6.5M |
| Net Income | $42.8M | $44.4M | $31.5M | $42.4M | $36.5M | $38.4M | $33.9M | $32.5M | $22.8M | $22.7M | $20.0M | $18.4M | $16.6M | $14.4M | $13.4M |
| EPS (Basic) | $1.77 | $2.40 | $1.77 | $2.40 | $2.08 | $2.19 | $2.02 | $1.97 | $1.39 | $1.39 | $1.23 | $1.14 | $1.04 | $0.90 | $0.85 |
| EPS (Diluted) | $1.76 | $2.39 | $1.76 | $2.39 | $2.07 | $2.18 | $2.01 | $1.96 | $1.38 | $1.38 | $1.22 | $1.13 | $1.03 | $0.90 | $0.84 |
| Shares Outstanding | 17.9M | 17.8M | 17.8M | 17.7M | 17.6K | 17.6K | 16.8M | 16.5K | 16.5M | 16.4M | 16.3M | 16.2M | 16.1M | 16.0M | 15.9M |
| Operating Margin | 27.9% | 27.7% | 23.6% | - | - | - | - | - | - | - | - | - | - | - | - |
| Profit Margin | 22.0% | 23.1% | 19.0% | - | - | - | - | - | - | - | - | - | - | - | - |