Middlesex Water (MSEX) Gross Margin (2023 - 2026)

Middlesex Water's Gross Margin history runs 4 years deep, the most recent figure standing at 52.76% for Q1 2026.

• In Q1 2026, Gross Margin rose 41.0% year-over-year to 52.76%; the TTM figure through Mar 2026 stood at 53.19% (up 72.0% YoY), while the FY2025 annual figure was 53.11%, up 125.0% from the prior year.
• Gross Margin came in at 52.76% for Q1 2026 at Middlesex Water, up from 50.24% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 56.11% in Q3 2025 to a low of 47.54% in Q4 2024.
• A 4-year average of 52.15% and a median of 52.35% in 2025 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin slumped 320 bps in 2024 and jumped 289 bps in 2025, its largest moves.
• Middlesex Water's Gross Margin stood at 50.74% in 2023, then decreased by 6 bps to 47.54% in 2024, then gained by 6 bps to 50.24% in 2025, then advanced by 5 bps to 52.76% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 52.76%, 50.24%, and 56.11% for Q1 2026, Q4 2025, and Q3 2025 respectively.

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