SuperworthMiddlesex Water profit margin MSEX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 23.3%
- Operating margin, 12 months
- 29.2%
- Net margin on a year earlier
- +1.1 pts
- Peer median
- 20.2%
Over the twelve months to Jun 30, 2026, Middlesex Water kept 23.3% of its revenue as net profit, with an operating margin of 29.2%.
Five years earlier its net margin was 27.0%.
The median for 8 water utilities of a similar size is 20.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin |
|---|---|---|
| FY2025 | 22.0% | 27.9% |
| FY2024 | 23.1% | 27.7% |
| FY2023 | 19.0% | 23.6% |
| FY2022 | 26.1% | 29.1% |
| FY2021 | 25.5% | 23.2% |
| FY2020 | 27.1% | 26.4% |
| FY2019 | 25.2% | 26.4% |
| FY2018 | 23.5% | 26.9% |
| FY2017 | 17.4% | 28.9% |
| FY2016 | 17.1% | 30.6% |
| FY2015 | 15.9% | 28.4% |
| FY2014 | 15.7% | 29.4% |
| FY2013 | 14.5% | 27.0% |
| FY2012 | 13.0% | 25.0% |
| FY2011 | 13.2% | 23.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 23.3% | +1.1 pts | 29.2% | |
| Q1 FY26 | 22.1% | +0.0 pts | 28.1% | |
| Q4 FY25 | 22.0% | −1.1 pts | 27.9% | |
| Q3 FY25 | 22.1% | −0.4 pts | 27.6% | |
| Q2 FY25 | 22.2% | +1.0 pts | 27.3% | |
| Q1 FY25 | 22.1% | +0.5 pts | 28.1% | |
| Q4 FY24 | 23.1% | +4.2 pts | 27.7% | |
| Q3 FY24 | 22.5% | +2.8 pts | 27.8% | |
| Q2 FY24 | 21.1% | −1.1 pts | 26.4% | |
| Q1 FY24 | 21.5% | −0.5 pts | 24.7% | |
| Q4 FY23 | 19.0% | −7.2 pts | 23.6% | |
| Q3 FY23 | 19.8% | −7.2 pts | 23.5% |
Against its peers
Companies in Regulated Water nearest Middlesex Water's size, closest first, today.
| Company | Profit margin |
|---|---|
| MSEXMiddlesex Water | 23.3% |
| YORWYork Water | 28.5% |
| HTOH2O America | 12.9% |
| CWCOConsolidated Water | 12.7% |
| CWTCalifornia Water Service | n/m |
| ARTNAArtesian Resources | 20.2% |
| AWRAmerican States Water | 20.5% |
| PCYOPure Cycle | 43.7% |
| GWRSGlobal Water Resources | 5.2% |
| Peer median | 20.2% |
Where Middlesex Water ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Middlesex Water
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.