Middlesex Water Company
MSEXUtilitiesNASDAQUtilities - Regulated Water · Last scanned Jul 18, 2026
Scan Results
Daily timeframeMiddlesex Water Company owns and operates regulated water utility and wastewater systems in the United States. With a market capitalization of $1.07B, it sits in small-cap territory. It operates in two segments, Regulated and Non-Regulated.
Market Cap
$1.07B
Beta
0.77
P/E (TTM)
23.74
P/E (Fwd)
19.21
EPS (TTM)
$2.42
EPS (Fwd)
$2.99
ROE
9.2%
ROA
2.8%
Cash
$2.0M
Total Debt
$428.0M
Free CF
-$30.4M
52W Change
5.9%
Annual Financials
Cash vs Debt
The company holds $2.0M in cash, though total debt stands at $428.0M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$30.4M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 9.2% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.8% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $162.4M to $194.7M.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MSEX.