MIDDLESEX WATER CO
Company Stats
- Market Cap
- $998.2M
- as of Sep 30, 2026
- Enterprise Value
- $1.4B
- Shares Outstanding
- 19.1M
- Free Float
- 98.1%
Income Statement
- Revenue
- $194.7M
- Operating Income
- $54.4M
- Net Income
- $42.8M
- EBITDA
- $81.5M
- Revenue Growth, 3Y
- 6.3%
Balance Sheet
- Cash & Equivalents
- $2.8M
- Total Debt
- $385.7M
- Net Debt
- $382.9M
- Net Debt / EBITDA
- 4.70x
- EV / EBITDA
- 16.95x
- Net Debt / EBIT
- 7.04x
Returns & Capital
- Dividends Paid
- $24.9M
- Dividend Yield
- 2.5%
- Dividend Payout, 3Y Avg
- 60.7%
- SBC, 3Y Avg
- $1.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $194.7M | — | — |
| FY2024 | $191.8M | -$15.9M | -8.3% |
| FY2023 | $166.1M | -$37.4M | -22.5% |
| FY2022 | $162.3M | -$30.0M | -18.5% |
| FY2021 | $143.0M | -$46.4M | -32.4% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges