TTM
$55.92M
YoY change
+2.2%
5Y CAGR
+7.8%
Peak year (2025)
$54.38M
Cumulative operating income
$1.10B
Operating Income history chart for Middlesex Water (MSEX) from 1985 to 2025
Latest: $54.38M
Operating Income growth chart for Middlesex Water (MSEX) from 1985 to 2025
Latest: +2.2%
Operating Income history table for Middlesex Water (MSEX) from 1985 to 2025
| 2025 | $54.38M | +2.2% | +$1.17M | ||
| 2024 | $53.21M | +35.7% | +$13.99M | ||
| 2023 | $39.22M | -17.1% | −$8.11M | ||
| 2022 | $47.33M | +42.5% | +$14.12M | ||
| 2021 | $33.21M | -11.2% | −$4.21M | ||
| 2020 | $37.42M | +5.3% | +$1.90M | ||
| 2019 | $35.52M | -4.4% | −$1.62M | ||
| 2018 | $37.14M | -1.7% | −$656.00K | ||
| 2017 | $37.80M | -6.2% | −$2.50M | ||
| 2016 | $40.30M | +12.4% | +$4.46M | ||
| 2015 | $35.84M | +4.2% | +$1.45M | ||
| 2014 | $34.39M | +11.0% | +$3.42M | ||
| 2013 | $30.97M | +12.0% | +$3.32M | ||
| 2012 | $27.65M | +14.2% | +$3.45M | ||
| 2011 | $24.20M | -9.0% | −$2.40M | ||
| 2010 | $26.60M | +31.9% | +$6.44M | ||
| 2009 | $20.16M | -16.1% | −$3.86M | ||
| 2008 | $24.02M | +5.9% | +$1.35M | ||
| 2007 | $22.67M | +6.3% | +$1.35M | ||
| 2006 | $21.32M | +23.8% | +$4.10M | ||
| 2005 | $17.22M | +1.7% | +$285.23K | ||
| 2004 | $16.93M | +14.9% | +$2.20M | ||
| 2003 | $14.74M | -10.5% | −$1.73M | ||
| 2002 | $16.47M | +8.0% | +$1.21M | ||
| 2001 | $15.25M | +21.3% | +$2.68M | ||
| 2000 | $12.58M | -8.9% | −$1.22M | ||
| 1999 | $13.80M | +14.0% | +$1.70M | ||
| 1998 | $12.10M | +1.7% | +$200.00K | ||
| 1997 | $11.90M | +12.3% | +$1.30M | ||
| 1996 | $10.60M | -7.0% | −$800.00K | ||
| 1995 | $11.40M | +2.7% | +$300.00K | ||
| 1994 | $11.10M | -68.7% | −$24.40M | ||
| 1993 | $35.50M | +16.0% | +$4.90M | ||
| 1992 | $30.60M | +2.3% | +$700.00K | ||
| 1991 | $29.90M | +13.3% | +$3.50M | ||
| 1990 | $26.40M | +12.3% | +$2.90M | ||
| 1989 | $23.50M | -2.1% | −$500.00K | ||
| 1988 | $24.00M | +7.1% | +$1.60M | ||
| 1987 | $22.40M | +1.8% | +$400.00K | ||
| 1986 | $22.00M | +8.4% | +$1.70M | ||
| 1985 | $20.30M | — | — |
- 2025$54.38M+2.2%
- 2024$53.21M+35.7%
- 2023$39.22M-17.1%
- 2022$47.33M+42.5%
- 2021$33.21M-11.2%
- 2020$37.42M+5.3%
- 2019$35.52M-4.4%
- 2018$37.14M-1.7%
- 2017$37.80M-6.2%
- 2016$40.30M+12.4%
- 2015$35.84M+4.2%
- 2014$34.39M+11.0%
- 2013$30.97M+12.0%
- 2012$27.65M+14.2%
- 2011$24.20M-9.0%
- 2010$26.60M+31.9%
- 2009$20.16M-16.1%
- 2008$24.02M+5.9%
- 2007$22.67M+6.3%
- 2006$21.32M+23.8%
- 2005$17.22M+1.7%
- 2004$16.93M+14.9%
- 2003$14.74M-10.5%
- 2002$16.47M+8.0%
- 2001$15.25M+21.3%
- 2000$12.58M-8.9%
- 1999$13.80M+14.0%
- 1998$12.10M+1.7%
- 1997$11.90M+12.3%
- 1996$10.60M-7.0%
- 1995$11.40M+2.7%
- 1994$11.10M-68.7%
- 1993$35.50M+16.0%
- 1992$30.60M+2.3%
- 1991$29.90M+13.3%
- 1990$26.40M+12.3%
- 1989$23.50M-2.1%
- 1988$24.00M+7.1%
- 1987$22.40M+1.8%
- 1986$22.00M+8.4%
- 1985$20.30M—
Operating Income values are taken from Middlesex Water's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Middlesex Water (MSEX)
According to Middlesex Water's latest reported financial statements, the company's current operating income (TTM) is $55.92M. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual operating income for Middlesex Water (MSEX) came in at $54.38M – edged up 2.2% year-over-year.
Over 2020–2025 (5 years), Middlesex Water operating income expanded at a +7.8% compound annual rate, sustaining 2 straight years of year-over-year growth.
The record annual operating income stands at $54.38M, reached in 2025; the historical low of $10.60M was recorded in 1996.
Middlesex Water Operating Income by Year
Middlesex Water Operating Income 2025: $54.38M
Middlesex Water posted operating income of $54.38M in 2025, edged up 2.2% from 2024. This figure represents the highest annual value in the available history.
Middlesex Water Operating Income 2024: $53.21M
In 2024, Middlesex Water reported operating income of $53.21M, surged 35.7% from 2023.
Middlesex Water Operating Income 2023: $39.22M
Middlesex Water operating income in 2023 was $39.22M, declined 17.1% below 2022.
Middlesex Water Operating Income 2022: $47.33M
2022's operating income for Middlesex Water came in at $47.33M, surged 42.5% from 2021.
Middlesex Water Operating Income 2021: $33.21M
Middlesex Water operating income in 2021 was $33.21M.
See more financial history for Middlesex Water (MSEX).
Sector peers by Operating Income
Utilities peers of Middlesex Water (MSEX), ranked by their latest operating income
| $8.58B | |
| $8.28B | |
| $7.27B | |
| $5.30B | |
| $4.41B | |
| $3.25B | |
| $3.09B | |
| $1.39B |
- $8.58B
- $8.28B
- $7.27B
- $4.41B
- $3.25B
- $1.39B
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