Last Price$62.9(3.1%)
Market Cap$1,133.4M
LTM Operating Expenses
$34.6M
YoY Growth
-7.2%
3Y CAGR
+0.7%
5Y CAGR
+3.5%
Stock quality & Intrinsic value
7/10
50.7% overvalued
Middlesex Water Company Operating Expenses
Annual
Quarterly
LTM
Crunching data... Almost there!
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $57.4M | $59.7M | $63.4M | $67.0M | $71.1M | $76.1M | $77.9M | $21.8M | $22.8M | $23.3M | $25.0M | $26.7M | $27.5M | $29.4M | $31.1M | $29.4M | $36.3M | $38.9M | $43.9M | $138.7M |
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Middlesex Water Company (MSEX) Operating Expenses comparison analysis
General
LTM Operating Expenses
Growth
Company name
YoY growth
3Y CAGR
5Y CAGR
Middlesex Water CompanyMSEX
$34.6M
(7.2%)
0.7%
3.5%
Median Peer Set
$238.8M
12.1%
8.0%
7.2%
American Water Works Company, Inc.AWK
$1,247.0M
23.5%
9.2%
7.7%
Companhia de Saneamento Básico do Estado de São Paulo - SABESPSBS
$668.5M
3.6%
13.8%
11.2%
California Water Service GroupCWT
$375.9M
9.6%
2.0%
3.5%
SJW GroupSJW
$294.2M
34.7%
11.4%
14.3%
Essential Utilities, Inc.WTRG
$283.7M
(43.7%)
(9.6%)
5.6%
American States Water CompanyAWR
$193.8M
(23.4%)
(6.5%)
(3.1%)
Aris Water Solutions, Inc.ARIS
$69.9M
33.7%
36.7%
13.3%
Consolidated Water Co. Ltd.CWCO
$27.0M
14.5%
14.0%
7.7%
The York Water CompanyYORW
$24.2M
33.4%
6.8%
6.8%
Artesian Resources CorporationARTNA
$11.9M
(37.9%)
(11.8%)
(5.6%)
MSEX key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 74.6 5.1% | 81.1 8.6% | 86.1 6.2% | 91.0 5.7% | 91.2 0.2% | 102.7 12.6% | 102.1 (0.6%) | 110.4 8.1% | 114.8 4.0% | 117.1 2.0% | 126.0 7.6% | 132.9 5.5% | 130.8 (1.6%) | 138.1 5.6% | 134.6 (2.5%) | 141.6 5.2% | 143.1 1.1% | 162.4 13.5% | 166.3 2.4% | 191.9 15.4% |
| Cost of Goods Sold (COGS) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 60.5 | 60.7 | 59.1 | 65.2 | 65.5 | 64.7 | 71.6 | 68.0 | 70.8 | 73.7 | 79.1 | 83.1 | 0.0 |
% margin | 74.6 100.0% | 81.1 100.0% | 86.1 100.0% | 91.0 100.0% | 91.2 100.0% | 102.7 100.0% | 102.1 100.0% | 49.9 45.2% | 54.1 47.1% | 58.0 49.5% | 60.9 48.3% | 67.4 50.7% | 66.1 50.6% | 66.5 48.2% | 66.6 49.5% | 70.8 50.0% | 69.5 48.5% | 83.3 51.3% | 83.2 50.0% | 191.9 100.0% |
| Operating Expenses | 57.4 | 59.7 | 63.4 | 67.0 | 71.1 | 76.1 | 77.9 | 21.8 | 22.8 | 23.3 | 25.0 | 26.7 | 27.5 | 29.4 | 31.1 | 29.4 | 36.3 | 38.9 | 43.9 | 138.7 |
| Research & Development Expenses (R&D) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Selling, General & Administrative Expenses (SG&A) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.6 | 1.2 | 0.3 | 2.0 | 4.5 | 2.6 | 0.0 |
% margin | 17.2 23.1% | 21.3 26.3% | 22.7 26.3% | 24.0 26.4% | 20.2 22.1% | 26.6 25.9% | 24.2 23.7% | 27.6 25.0% | 31.0 27.0% | 34.4 29.4% | 35.8 28.4% | 40.6 30.6% | 38.6 29.5% | 37.1 26.9% | 35.5 26.4% | 37.4 26.4% | 33.2 23.2% | 47.3 29.1% | 39.2 23.6% | 53.2 27.7% |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 7.3 | 7.5 | 8.1 | 9.4 | 0.0 | 0.0 |
| Interest Expense | 0.0 | 7,012.5 | 6.6 | 7.1 | 6.8 | 6.9 | 6.4 | 6.7 | 5.8 | 5.6 | 5.2 | 4.7 | 4.8 | 5.4 | 7.3 | 7.5 | 8.1 | 9.4 | 10.7 | 12.8 |
| Pre-tax Income | 11.7 | 15.1 | 17.6 | 18.3 | 15.1 | 21.1 | 20.0 | 21.8 | 25.3 | 28.4 | 30.6 | 34.5 | 33.9 | 33.4 | 30.7 | 34.3 | 31.1 | 45.7 | 32.6 | 51.3 |
% effective tax rate | 3.2 27.6% | 5.0 33.4% | 5.7 32.6% | 6.1 33.2% | 5.2 34.1% | 6.8 32.1% | 6.5 32.7% | 7.4 33.9% | 8.6 34.1% | 9.9 35.0% | 10.6 34.5% | 11.7 34.0% | 11.1 32.7% | 0.9 2.8% | (3.1) (10.2%) | (4.1) (12.0%) | (5.5) (17.7%) | 3.2 7.1% | 1.0 3.2% | 6.9 13.5% |
% margin | 8.5 11.4% | 10.0 12.4% | 11.8 13.8% | 12.2 13.4% | 10.0 10.9% | 14.3 13.9% | 13.4 13.2% | 14.4 13.0% | 16.6 14.5% | 18.4 15.7% | 20.0 15.9% | 22.7 17.1% | 22.8 17.4% | 32.5 23.5% | 33.9 25.2% | 38.4 27.1% | 36.5 25.5% | 42.4 26.1% | 31.5 19.0% | 44.4 23.1% |
| EPS | 0.72 | 0.83 | 0.88 | 0.90 | 0.73 | 0.96 | 0.85 | 0.90 | 1.04 | 1.14 | 1.23 | 1.39 | 1.39 | 1.98 | 2.02 | 2.19 | 2.08 | 2.40 | 1.77 | 2.49 |
| Diluted EPS | 0.71 | 0.82 | 0.87 | 0.89 | 0.72 | 0.96 | 0.84 | 0.90 | 1.03 | 1.13 | 1.22 | 1.38 | 1.38 | 1.96 | 2.01 | 2.18 | 2.07 | 2.39 | 1.76 | 2.48 |
% margin | 24.4 32.7% | 29.2 36.0% | 29.9 34.7% | 31.9 35.1% | 30.1 33.0% | 37.0 36.0% | 36.0 35.2% | 39.3 35.6% | 42.8 37.3% | 46.6 39.8% | 48.9 38.8% | 53.6 40.3% | 52.8 40.4% | 53.5 38.8% | 51.6 38.3% | 58.5 41.3% | 62.0 43.3% | 74.1 45.6% | 72.7 43.7% | 92.1 48.0% |
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FAQ
1) What is Middlesex Water Company's Operating Expenses?
As of today, Middlesex Water Company's last 12-month Operating Expenses is $34.6M, based on the financial report for Dec 31, 2024 (Q4’2024).
2) What is Middlesex Water Company's Operating Expenses growth rate?
Over the last year, Middlesex Water Company's Operating Expenses growth was (7.2%). The average annual Operating Expenses growth rates for Middlesex Water Company have been 4.4% over the past three years, 3.5% over the past five years.
3) Is Middlesex Water Company's Operating Expenses growth rate Good?
Over the last year, Middlesex Water Company's Operating Expenses growth was (7.2%), which is lower than industry growth of 0.2%. It indicates that Middlesex Water Company's Operating Expenses growth is Good.