Middlesex Water (MSEX) EBITDA Margin (2010 - 2026)
Middlesex Water (MSEX) posted EBITDA Margin of 32.35% for Q2 2026, up 20.26% sequentially from 26.9% in Q1 2026, and up 414.0% YoY from 6.29% in Q2 2025.
Analysis
Middlesex Water (MSEX) EBITDA Margin (2010 - 2026) Analysis & Trends
Middlesex Water has reported EBITDA Margin for 17 years, with the latest figure at 32.35% in Q2 2026.
- Quarterly EBITDA Margin rose 414.0% year-over-year to 32.35% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 29.22% (up 190.0% YoY) and the FY2025 annual result came in at 27.93%, up 20.0% from the prior year.
- EBITDA Margin grew to 32.35% in Q2 2026 per MSEX's latest filing, from 26.9% in the prior quarter.
- Over five years, EBITDA Margin peaked at 34.73% in Q3 2022 and troughed at 19.63% in Q1 2023.
- A 5-year average of 27.16% and a median of 26.49% in 2025 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin jumped 1728 bps in 2022, then plunged 1497 bps in 2023.
- Over 5 years, EBITDA Margin stood at 20.98% in 2022, then rose by 2 bps to 21.35% in 2023, then grew by 5 bps to 22.35% in 2024, then rose by 7 bps to 23.85% in 2025, then surged by 36 bps to 32.35% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 32.35%, 26.9%, and 23.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.53 Bn | 27.34 Bn | 874.00 Mn | 40.00% |
| 2 | Essential Utilities | 11.89 Bn | 11.88 Bn | 377.22 Mn | 57.05% |
| 3 | American States Water | 3.52 Bn | 3.50 Bn | 169.26 Mn | 35.29% |
| 4 | California Water Service | 3.04 Bn | 2.95 Bn | 263.45 Mn | 22.97% |
| 5 | H2O America | 2.69 Bn | 2.58 Bn | 197.11 Mn | 20.31% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | 30.96 Mn | 44.34% |
| 7 | York Water | 543.93 Mn | 543.38 Mn | 17.56 Mn | 41.71% |
| 8 | Consolidated Water | 467.05 Mn | 334.42 Mn | 10.96 Mn | 11.39% |
| 9 | Artesian Resources | 374.18 Mn | 364.37 Mn | 29.37 Mn | 28.09% |
| 10 | Cadiz | 345.42 Mn | 340.10 Mn | -24,000.00 | -902.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.34% |
| Mar 31, 2026 | 41.34% |
| Dec 31, 2025 | 38.63% |
| Sep 30, 2025 | 45.56% |
| Jun 30, 2025 | 41.80% |
| Mar 31, 2025 | 40.82% |
| Dec 31, 2024 | 35.98% |
| Sep 30, 2024 | 43.21% |
| Jun 30, 2024 | 43.99% |
| Mar 31, 2024 | 37.66% |
| Dec 31, 2023 | 38.57% |
| Sep 30, 2023 | 41.10% |
| Jun 30, 2023 | 39.38% |
| Mar 31, 2023 | 35.32% |
| Dec 31, 2022 | 36.24% |
| Sep 30, 2022 | 46.91% |
| Jun 30, 2022 | 39.71% |
| Mar 31, 2022 | 50.13% |
| Dec 31, 2021 | 35.05% |
| Sep 30, 2021 | 42.45% |