Revenue for Middlesex Water (MSEX)
According to Middlesex Water's latest reported financial statements, the company's current revenue (TTM) is $194.69M USD. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

MSEX
Currently viewingRevenueSwitch metric
TTM (last 4 quarters)
$194.69M
YoY change
+1.5%
5Y CAGR
+6.6%
Peak year (2025)
$194.69M
Cumulative revenue
$3.43B
Revenue history chart for Middlesex Water (MSEX) from 1985 to 2025
Revenue history table for Middlesex Water (MSEX) from 1985 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $194.69M | +1.5% | ||
| 2024 | $191.88M | +15.4% | ||
| 2023 | $166.27M | +2.4% | ||
| 2022 | $162.43M | +13.5% | ||
| 2021 | $143.14M | +1.1% | ||
| 2020 | $141.59M | +5.2% | ||
| 2019 | $134.60M | -2.5% | ||
| 2018 | $138.08M | +5.6% | ||
| 2017 | $130.78M | -1.6% | ||
| 2016 | $132.91M | +5.5% | ||
| 2015 | $126.03M | +7.6% | ||
| 2014 | $117.14M | +2.0% | ||
| 2013 | $114.85M | +4.0% | ||
| 2012 | $110.38M | +8.1% | ||
| 2011 | $102.07M | -0.6% | ||
| 2010 | $102.73M | +12.6% | ||
| 2009 | $91.24M | +0.2% | ||
| 2008 | $91.04M | +5.7% | ||
| 2007 | $86.11M | +6.2% | ||
| 2006 | $81.06M | +8.6% | ||
| 2005 | $74.61M | +5.1% | ||
| 2004 | $70.99M | +10.7% | ||
| 2003 | $64.11M | +3.5% | ||
| 2002 | $61.93M | +3.8% | ||
| 2001 | $59.64M | +9.5% | ||
| 2000 | $54.48M | +1.8% | ||
| 1999 | $53.50M | +24.1% | ||
| 1998 | $43.10M | +6.9% | ||
| 1997 | $40.30M | +6.1% | ||
| 1996 | $38.00M | +0.5% | ||
| 1995 | $37.80M | +4.7% | ||
| 1994 | $36.10M | +1.7% | ||
| 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 | — |
Revenue values are taken from Middlesex Water's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Middlesex Water (MSEX) revenue totalled $194.69M – edged up 1.5% year-over-year.
Across 2020–2025 (5 years), Middlesex Water revenue produced a CAGR of +6.6% – sustaining 6 straight years of year-over-year growth.
The highest annual revenue of $194.69M was reported in 2025. The lowest in the available history was $20.30M in 1985.
Middlesex Water (MSEX) sits 9th of 8 Utilities peers we track on this metric, against a peer median of $26.50B.
Middlesex Water Revenue by Year
Middlesex Water Revenue 2025: $194.69M
Middlesex Water revenue in 2025 was $194.69M, edged up 1.5% from 2024. This figure represents the highest annual value in the available history.
Middlesex Water Revenue 2024: $191.88M
Middlesex Water revenue in 2024 was $191.88M, grew 15.4% from 2023.
Middlesex Water Revenue 2023: $166.27M
Middlesex Water revenue in 2023 was $166.27M, edged up 2.4% from 2022.
Middlesex Water Revenue 2022: $162.43M
Middlesex Water revenue in 2022 was $162.43M, grew 13.5% from 2021.
Middlesex Water Revenue 2021: $143.14M
Middlesex Water revenue in 2021 was $143.14M.
See more financial history for Middlesex Water (MSEX).
Sector peers — Revenue
Companies in the same sector as Middlesex Water, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| GE Vernova Inc. (GEV) | $38.07B | Utilities |
| Duke Energy Corporation (DUK) | $32.24B | Utilities |
| The Southern Company (SO) | $29.55B | Utilities |
| NextEra Energy, Inc. (NEE) | $27.48B | Utilities |
| Constellation Energy Corporation (CEG) | $25.53B | Utilities |
| American Electric Power Company, Inc. (AEP) | $21.78B | Utilities |
| Dominion Energy, Inc. (D) | $16.51B | Utilities |
| Sempra (SRE) | $13.71B | Utilities |
Frequently asked questions
What is Middlesex Water's revenue?
Latest reported revenue for Middlesex Water (MSEX) is $194.69M (period ending December 31, 2025).
How has Middlesex Water revenue changed year-over-year?
Middlesex Water (MSEX) revenue changed +1.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Middlesex Water revenue?
Middlesex Water (MSEX) revenue compound annual growth rate is +6.6% over the most recent 5 years available.
When did Middlesex Water revenue hit its highest annual value?
Middlesex Water revenue reached its highest annual value of $194.69M in 2025.
What was Middlesex Water revenue in 2024?
Middlesex Water (MSEX) revenue in 2024 was $191.88M.
What was Middlesex Water revenue in 2025?
Middlesex Water (MSEX) revenue in 2025 was $194.69M.
Metrics overview
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