# Middlesex Water Company (MSEX)

> Utilities · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/MSEX/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 48.71M | $ 10.61M | $ -8.91M | $ 428.00M | $ 501.05M |
| 2025 | $ 199.35M | $ 43.84M | $ 19.43M | $ 419.25M | $ 495.37M |
| 2024 | $ 201.68M | $ 46.62M | $ 35.30M | $ 385.97M | $ 446.90M |
| 2023 | $ 179.78M | $ 34.09M | $ -40.44M | $ 412.31M | $ 425.08M |
| 2022 | $ 181.46M | $ 47.40M | $ -33.48M | $ 366.95M | $ 402.41M |
| 2021 | $ 170.14M | $ 43.44M | $ -55.09M | $ 330.62M | $ 369.81M |
| 2020 | $ 180.38M | $ 48.95M | $ -66.58M | $ 287.54M | $ 348.29M |
| 2019 | $ 173.73M | $ 43.74M | $ -68.50M | $ 263.69M | $ 325.88M |
| 2018 | $ 182.36M | $ 42.86M | $ -34.64M | $ 208.69M | $ 251.22M |
| 2017 | $ 176.17M | $ 30.73M | $ -10.05M | $ 173.91M | $ 231.61M |
| 2016 | $ 182.86M | $ 31.29M | $ -418.3K | $ 152.70M | $ 220.87M |
| 2015 | $ 176.94M | $ 28.12M | $ 35.72M | $ 144.99M | $ 209.13M |
| 2014 | $ 165.52M | $ 26.06M | $ 14.09M | $ 160.95M | $ 199.73M |
| 2013 | $ 163.34M | $ 23.66M | $ 19.52M | $ 163.63M | $ 191.63M |
| 2012 | $ 159.36M | $ 20.78M | $ 11.54M | $ 170.55M | $ 184.99M |
| 2011 | $ 149.96M | $ 19.76M | $ -1.07M | $ 160.99M | $ 180.33M |
| 2010 | $ 155.56M | $ 21.70M | $ -6.12M | $ 155.28M | $ 176.64M |
| 2009 | $ 138.16M | $ 15.11M | $ -2.46M | $ 171.47M | $ 143.00M |
| 2008 | $ 137.84M | $ 18.48M | $ -14.10M | $ 162.08M | $ 141.18M |
| 2007 | $ 130.39M | $ 17.93M | $ -4.71M | $ 134.34M | $ 137.14M |
| 2006 | $ 122.74M | $ 15.20M | $ -22.76M | $ 133.21M | $ 133.30M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.85 |
| Liabilities / Eq | 1.77 |
| Current Ratio | 0.39 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 10.26 |

## Other views

- [Metrics](https://sponda.capital/en/MSEX.md)
- [Charts](https://sponda.capital/en/MSEX/charts.md)
- [Compare](https://sponda.capital/en/MSEX/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.