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Middlesex Water Company MSEX Return on invested capital

Return on invested capital at other companies

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Essential UtilitiesWTRG
5.9%-0.5pp
AWK
American Water WorksAWK
6%+0.1pp
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California Water Service GroupCWT
5.4%-0.7pp
AWR
American States WaterAWR
9.2%-0.9pp
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Badger MeterBMI
33.7%-2.9pp
WBI
WaterBridge Infrastructure LLCWBI
6.1%

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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Operating margin28.1%0.0pp
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 return on invested capital?
Middlesex Water Company (MSEX) reported return on invested capital of 4.9% in Q1 2026.
How has Middlesex Water Company's return on invested capital changed year-over-year?
Middlesex Water Company's return on invested capital increased by 20.0% year-over-year, from 4.1% to 4.9%.
What is the long-term trend for Middlesex Water Company's return on invested capital?
Over 4 years (2021 to 2025), Middlesex Water Company's return on invested capital has grown at a 3.3% compound annual growth rate (CAGR), from 5.1% to 5.8%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.