Middlesex Water (MSEX) Operating Margin (2010 - 2026)

Middlesex Water has reported Operating Margin for 17 years, with the latest figure at 32.35% in Q2 2026.

• Quarterly Operating 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.
• Operating Margin grew to 32.35% in Q2 2026 per MSEX's latest filing, from 26.9% in the prior quarter.
• Over five years, Operating 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 Operating Margin.
• The sharpest annual moves came in 2022 and 2023: Operating Margin jumped 1728 bps in 2022, then plunged 1497 bps in 2023.
• Over 5 years, Operating 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, Operating Margin over the past three periods registered 32.35%, 26.9%, and 23.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.