Middlesex Water (MSEX) FCF Margin (2010 - 2026)
Middlesex Water (MSEX) posted FCF Margin of 29.15% for Q2 2026, down 59.36% sequentially from 18.29% in Q1 2026, and down 194.0% YoY from 31.01% in Q2 2025.
Middlesex Water (MSEX) FCF Margin (2010 - 2026) Analysis & Trends
Middlesex Water has reported FCF Margin for 17 years, with the latest figure at 29.15% in Q2 2026.
- Quarterly FCF Margin fell 194.0% year-over-year to 29.15% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.67% (down 763.0% YoY) and the FY2025 annual result came in at 17.34%, down 906.0% from the prior year.
- FCF Margin eased to 29.15% in Q2 2026 per MSEX's latest filing, from 18.29% in the prior quarter.
- Over five years, FCF Margin peaked at 2.34% in Q3 2024 and troughed at 29.91% in Q2 2023.
- A 5-year average of 17.4% and a median of 18.69% in 2024 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2025: FCF Margin surged 3135 bps in 2022, then sank 2086 bps in 2025.
- Over 5 years, FCF Margin stood at 21.32% in 2022, then jumped by 48 bps to 11.16% in 2023, then gained by 29 bps to 7.95% in 2024, then sank by 67 bps to 13.3% in 2025, then slumped by 119 bps to 29.15% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 29.15%, 18.29%, and 13.3% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.57 Bn | 26.38 Bn | - | -19.04% |
| 2 | Essential Utilities | 11.32 Bn | 11.31 Bn | - | -13.06% |
| 3 | American States Water | 3.38 Bn | 3.36 Bn | 278.03 Mn | -11.83% |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | -27.02% |
| 5 | H2O America | 2.60 Bn | 2.50 Bn | 197.11 Mn | 22.73% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | -29.15% |
| 7 | York Water | 515.74 Mn | 515.18 Mn | - | 2.52% |
| 8 | Consolidated Water | 514.72 Mn | 388.39 Mn | 10.92 Mn | 16.35% |
| 9 | Artesian Resources | 361.34 Mn | 357.08 Mn | 26.56 Mn | -16.21% |
| 10 | Pure Cycle | 274.79 Mn | 266.35 Mn | 4.29 Mn | 89.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -29.15% |
| Mar 31, 2026 | -18.29% |
| Dec 31, 2025 | -13.30% |
| Sep 30, 2025 | 22.27% |
| Jun 30, 2025 | 37.13% |
| Mar 31, 2025 | -11.58% |
| Dec 31, 2024 | -7.95% |
| Sep 30, 2024 | -2.34% |
| Jun 30, 2024 | -6.35% |
| Mar 31, 2024 | -19.11% |
| Dec 31, 2023 | -11.16% |
| Sep 30, 2023 | -25.13% |
| Jun 30, 2023 | -29.94% |
| Mar 31, 2023 | -22.42% |
| Dec 31, 2022 | -21.32% |
| Sep 30, 2022 | -19.32% |
| Jun 30, 2022 | -24.78% |
| Mar 31, 2022 | -7.35% |
| Dec 31, 2021 | -11.00% |
| Sep 30, 2021 | -26.82% |