Middlesex Water (MSEX) Net Margin (2010 - 2026)
Middlesex Water (MSEX) posted Net Margin of 26.18% for Q2 2026, up 20.46% sequentially from 21.73% in Q1 2026, and up 437.0% YoY from 4.88% in Q2 2025.
Middlesex Water (MSEX) Net Margin (2010 - 2026) Analysis & Trends
Middlesex Water has reported Net Margin for 17 years, with the latest figure at 26.18% in Q2 2026.
- Quarterly Net Margin rose 437.0% year-over-year to 26.18% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.22% (up 112.0% YoY) and the FY2025 annual result came in at 21.96%, down 110.0% from the prior year.
- Net Margin advanced to 26.18% in Q2 2026 per MSEX's latest filing, from 21.73% in the prior quarter.
- Over five years, Net Margin peaked at 33.35% in Q1 2022 and troughed at 14.86% in Q4 2023.
- A 5-year average of 22.55% and a median of 21.77% in 2026 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin surged 1221 bps in 2022, then tumbled 1805 bps in 2023.
- Over 5 years, Net Margin stood at 18.39% in 2022, then dropped by 19 bps to 14.86% in 2023, then increased by 25 bps to 18.64% in 2024, then decreased by 2 bps to 18.28% in 2025, then soared by 43 bps to 26.18% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 26.18%, 21.73%, and 18.28% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.52 Bn | 26.33 Bn | - | 23.25% |
| 2 | Essential Utilities | 11.31 Bn | 11.30 Bn | - | 19.92% |
| 3 | American States Water | 3.36 Bn | 3.34 Bn | 278.03 Mn | 9.45% |
| 4 | California Water Service | 3.01 Bn | 2.92 Bn | 263.45 Mn | 11.52% |
| 5 | H2O America | 2.59 Bn | 2.49 Bn | 197.11 Mn | 12.62% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 26.18% |
| 7 | Consolidated Water | 516.08 Mn | 389.75 Mn | 10.92 Mn | -0.14% |
| 8 | York Water | 516.05 Mn | 515.50 Mn | - | 32.38% |
| 9 | Artesian Resources | 361.28 Mn | 357.03 Mn | 26.56 Mn | 7.16% |
| 10 | Pure Cycle | 274.54 Mn | 266.10 Mn | 4.29 Mn | 35.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.18% |
| Mar 31, 2026 | 21.73% |
| Dec 31, 2025 | 18.28% |
| Sep 30, 2025 | 25.77% |
| Jun 30, 2025 | 21.83% |
| Mar 31, 2025 | 21.35% |
| Dec 31, 2024 | 18.64% |
| Sep 30, 2024 | 25.93% |
| Jun 30, 2024 | 21.40% |
| Mar 31, 2024 | 26.31% |
| Dec 31, 2023 | 14.86% |
| Sep 30, 2023 | 21.32% |
| Jun 30, 2023 | 23.08% |
| Mar 31, 2023 | 15.32% |
| Dec 31, 2022 | 18.39% |
| Sep 30, 2022 | 29.90% |
| Jun 30, 2022 | 22.29% |
| Mar 31, 2022 | 33.38% |
| Dec 31, 2021 | 21.18% |
| Sep 30, 2021 | 28.73% |