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Operating margin at other companies

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Essential UtilitiesWTRG
35%-3.4pp
AWK
American Water WorksAWK
36.5%-0.1pp
California Water Service Group logo
California Water Service GroupCWT
17%-1.2pp
AWR
American States WaterAWR
30.8%-0.6pp
Badger Meter logo
Badger MeterBMI
18.9%-1.2pp
WBI
WaterBridge Infrastructure LLCWBI
14.9%

Other financials

Income statement

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Revenue$48.7M+10.0%
Operating income$13.1M+13.4%
Net income$10.6M+11.9%
EPS (diluted)$0.57+7.5%

Balance sheet

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Cash & equivalents$3.7M+39.8%
Total debt$381.0M-46.5%
Total equity$501.0M+11.6%
Total assets$1.4B+8.4%

Cash flow

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Operating cash flow$11.7M-14.9%
CapEx$25.1M+47.0%
Free cash flow-$3.7M+13.0%

Valuation

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Market cap$1.01B+0.1%
Enterprise value$1.38B-19.3%
P/E22.9×-0.4×
P/S5.1×-0.1×

Profitability

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Net margin22.1%0.0pp
FCF margin-8.3%-3.2pp

Returns & leverage

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Return on equity9.3%-0.6pp
Debt / equity0.8×-0.8×
Current ratio0.4×-0.1×

Where this comes from

Calculated from Middlesex Water Company’s reported figures.

Based on trailing twelve months.

The official record: Middlesex Water Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Middlesex Water Company's operating margin?
Middlesex Water Company (MSEX) reported operating margin of 28.1% in Q1 2026.
How has Middlesex Water Company's operating margin changed year-over-year?
Middlesex Water Company's operating margin increased by 0.1% year-over-year, from 28.1% to 28.1%.
What is the long-term trend for Middlesex Water Company's operating margin?
Over 5 years (2020 to 2025), Middlesex Water Company's operating margin has grown at a 1.1% compound annual growth rate (CAGR), from 26.4% to 27.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.