Financials in USD. Standardized financial statements.
A compact view of how Middlesex Water Company turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $194.69M | $191.88M | $166.27M | $162.43M | $143.14M | $141.59M | $134.60M | $138.08M | $130.78M | $132.91M |
| Revenue Growth? | +1.5% | +15.4% | +2.4% | +13.5% | +1.1% | +5.2% | -2.5% | +5.6% | -1.6% | 0.0% |
| Cost of Revenue? | $118.40M | $92.36M | $83.11M | $79.10M | $73.67M | $70.80M | $67.98M | $71.57M | $64.67M | $65.53M |
| Gross Profit? | $76.29M | $99.51M | $83.16M | $83.34M | $69.47M | $70.80M | $66.62M | $66.51M | $66.11M | $67.37M |
| Gross Margin? | +39.2% | +51.9% | +50.0% | +51.3% | +48.5% | +50.0% | +49.5% | +48.2% | +50.6% | +50.7% |
| Operating Expenses? | $21.91M | $46.30M | $43.94M | $36.01M | $36.26M | $33.38M | $31.10M | $29.36M | $27.49M | $26.74M |
| Operating Income? | $54.38M | $53.21M | $39.22M | $47.33M | $33.21M | $37.42M | $35.52M | $37.14M | $37.80M | $40.30M |
| EBITDA? | $94.43M | $92.06M | $72.72M | $80.20M | $63.31M | $58.62M | $52.10M | $54.55M | $53.56M | $52.68M |
| Income Before Tax | $47.64M | $51.26M | $32.56M | $45.67M | $31.05M | $34.31M | $30.75M | $33.38M | $33.91M | $34.48M |
| Income Tax Expense | $4.82M | $6.91M | $1.04M | $3.24M | -$5.49M | -$4.12M | -$3.14M | $924,000 | $11.10M | $11.73M |
| Net Income? | $42.82M | $44.35M | $31.52M | $42.43M | $36.54M | $38.42M | $33.89M | $32.45M | $22.81M | $22.74M |
| EPS? | $2.36 | $2.48 | $1.77 | $2.40 | $2.08 | $2.19 | $2.02 | $1.98 | $1.39 | $1.39 |
| Diluted EPS? | $2.36 | $2.47 | $1.76 | $2.39 | $2.07 | $2.18 | $2.01 | $1.96 | $1.38 | $1.38 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality