Middlesex Water (MSEX) Tax Rate (2010 - 2026)
Middlesex Water (MSEX) posted Tax Rate of 10.8% for Q2 2026, little changed sequentially from 10.81% in Q1 2026, and down 76.0% YoY from 45.01% in Q2 2025.
Middlesex Water (MSEX) Tax Rate (2010 - 2026) Analysis & Trends
Middlesex Water has reported Tax Rate for 17 years, with the latest figure at 10.8% in Q2 2026.
- Quarterly Tax Rate fell 76.0% year-over-year to 10.8% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 10.0% (up 1.0% YoY) and the FY2025 annual result came in at 10.12%, down 335.0% from the prior year.
- Tax Rate steadied at 10.8% in Q2 2026 per MSEX's latest filing, from 10.81% in the prior quarter.
- Over five years, Tax Rate peaked at 88.78% in Q4 2022 and troughed at 3.57% in Q2 2023.
- A 5-year average of 13.21% and a median of 10.75% in 2026 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate surged 17364 bps in 2022, then sank 9058 bps in 2023.
- Over 5 years, Tax Rate stood at 88.78% in 2022, then tumbled by 102 bps to 1.8% in 2023, then soared by 400 bps to 5.4% in 2024, then soared by 61 bps to 8.7% in 2025, then grew by 24 bps to 10.8% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 10.8%, 10.81%, and 8.7% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.66 Bn | 26.47 Bn | - | 22.22% |
| 2 | Essential Utilities | 11.36 Bn | 11.35 Bn | - | 3.11% |
| 3 | American States Water | 3.38 Bn | 3.36 Bn | 278.03 Mn | 21.20% |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 30.48% |
| 5 | H2O America | 2.60 Bn | 2.49 Bn | 197.11 Mn | 13.09% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 10.80% |
| 7 | Consolidated Water | 517.12 Mn | 390.79 Mn | 10.92 Mn | 4.85% |
| 8 | York Water | 517.01 Mn | 516.45 Mn | - | 2.13% |
| 9 | Artesian Resources | 362.21 Mn | 357.96 Mn | 26.56 Mn | 50.86% |
| 10 | Pure Cycle | 274.66 Mn | 266.22 Mn | 4.29 Mn | 24.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.80% |
| Jun 30, 2026 | 10.80% |
| Jun 30, 2026 | 10.80% |
| Mar 31, 2026 | 10.81% |
| Mar 31, 2026 | 10.81% |
| Mar 31, 2026 | 10.81% |
| Dec 31, 2025 | 8.70% |
| Dec 31, 2025 | 8.70% |
| Dec 31, 2025 | 8.70% |
| Sep 30, 2025 | 9.30% |
| Sep 30, 2025 | 9.30% |
| Sep 30, 2025 | 9.30% |
| Jun 30, 2025 | 11.56% |
| Jun 30, 2025 | 11.56% |
| Jun 30, 2025 | 11.56% |
| Mar 31, 2025 | 10.92% |
| Mar 31, 2025 | 10.92% |
| Mar 31, 2025 | 10.92% |
| Dec 31, 2024 | 5.40% |
| Dec 31, 2024 | 5.40% |