Middlesex Water (MSEX) Operating Margin (2010 - 2026)
Middlesex Water (MSEX) recorded Operating Margin of 32.35% in Q2 2026, up 4.14 percentage points from 28.21% a year earlier and up 5.45 percentage points from the prior quarter.
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Analysis
Middlesex Water (MSEX) Operating Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Middlesex Water's Operating Margin came in at 29.22% as of Jun 30, 2026, up 1.90 percentage points year-over-year; for FY2025, it was 27.93%, up 0.20 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +1.50 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 27.73% in FY2024 (+4.14 pp), 23.59% in FY2023 (-5.55 pp), 29.14% in FY2022 (+5.94 pp) and 23.20% in FY2021 (-3.23 pp).
- Quarterly Operating Margin has ranged from 18.63% in Q4 2021 to 34.73% in Q3 2022 over the past five years.
- On a year-over-year basis, Operating Margin has increased for four consecutive quarters, with an average year-over-year change of +1.44 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 17.28 percentage points in Q1 2022, against a drop of 14.97 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 26.90% (Q1 2026), 23.85% (Q4 2025) and 32.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | 30.20% |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | - |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 7.34% |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | 22.64% |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 20.99% |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 21.94% |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 27.43% |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 36.45% |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 40.00% |
| 10 | Middlesex Water | 998.11 Mn | 988.09 Mn | - | 32.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.35% |
| Mar 31, 2026 | 26.90% |
| Dec 31, 2025 | 23.85% |
| Sep 30, 2025 | 32.73% |
| Jun 30, 2025 | 28.21% |
| Mar 31, 2025 | 26.09% |
| Dec 31, 2024 | 22.35% |
| Sep 30, 2024 | 31.76% |
| Jun 30, 2024 | 31.16% |
| Mar 31, 2024 | 24.34% |
| Dec 31, 2023 | 21.35% |
| Sep 30, 2023 | 27.45% |
| Jun 30, 2023 | 24.93% |
| Mar 31, 2023 | 19.63% |
| Dec 31, 2022 | 20.98% |
| Sep 30, 2022 | 34.73% |
| Jun 30, 2022 | 25.42% |
| Mar 31, 2022 | 34.60% |
| Dec 31, 2021 | 18.63% |
| Sep 30, 2021 | 28.65% |
API Access
Middlesex Water Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MSEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MSEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MSEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();