Middlesex Water (MSEX) Cost of Revenue (2023 - 2026)
Middlesex Water recorded quarterly Cost of Revenue of $23.0 million in Q1 2026, down 1.57% quarter-over-quarter from $23.4 million in Q4 2025, and up 9.02% year-over-year from $21.1 million in Q1 2025.
Middlesex Water's Cost of Revenue history runs 4 years deep, the most recent figure standing at $23.0 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 9.02% year-over-year to $23.0 million; the TTM figure through Mar 2026 stood at $93.2 million (changed 0.2% YoY), while the FY2025 annual figure was $91.3 million, down 1.16% from the prior year.
- Cost of Revenue came in at $23.0 million for Q1 2026 at Middlesex Water, down from $23.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $25.4 million in Q3 2024 to a low of $19.1 million in Q4 2023.
- A 4-year average of $22.6 million and a median of $23.0 million in 2026 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue advanced 29.59% in 2024 and decreased 6.39% in 2025, its largest moves.
- Middlesex Water's Cost of Revenue stood at $19.1 million in 2023, then rose by 29.59% to $24.7 million in 2024, then retreated by 5.41% to $23.4 million in 2025, then slipped by 1.57% to $23.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $23.0 million, $23.4 million, and $23.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 493.00 Mn |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | 139.20 Mn |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 175.80 Mn |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 5.91 Mn |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | 31.23 Mn |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 12.00 Mn |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 23.01 Mn |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | 19.06 Mn |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 5.99 Mn |
| 10 | Artesian Resources | 332.86 Mn | 328.60 Mn | 26.56 Mn | 1.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.01 Mn |
| Mar 31, 2026 | 23.01 Mn |
| Dec 31, 2025 | 23.38 Mn |
| Dec 31, 2025 | 23.38 Mn |
| Sep 30, 2025 | 23.74 Mn |
| Sep 30, 2025 | 23.74 Mn |
| Jun 30, 2025 | 23.07 Mn |
| Jun 30, 2025 | 23.07 Mn |
| Mar 31, 2025 | 21.11 Mn |
| Mar 31, 2025 | 21.11 Mn |
| Dec 31, 2024 | 24.71 Mn |
| Dec 31, 2024 | 24.71 Mn |
| Sep 30, 2024 | 25.36 Mn |
| Sep 30, 2024 | 25.36 Mn |
| Jun 30, 2024 | 21.83 Mn |
| Jun 30, 2024 | 21.83 Mn |
| Mar 31, 2024 | 20.47 Mn |
| Mar 31, 2024 | 20.47 Mn |
| Dec 31, 2023 | 19.07 Mn |
| Dec 31, 2023 | 19.07 Mn |
| Sep 30, 2023 | 22.58 Mn |
| Sep 30, 2023 | 22.58 Mn |