How Middlesex Water (MSEX) Makes Money: A Visual Guide
Middlesex Water (MSEX) generated $194.69M in revenue (TTM through Q4 2025), earning $42.82M in net profit (22% margin). Its largest revenue source is Residential Member (70.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Middlesex Water (MSEX) Income Statement Flow
Frequently asked questions
How does Middlesex Water (MSEX) make money?
- Middlesex Water (MSEX) primarily makes money through Residential Member, which accounts for 70.7% of total revenue. For TTM through Q4 2025, Middlesex Water generated $194.69M in total revenue with a net profit margin of 22%.
What is Middlesex Water (MSEX) gross profit margin?
- Middlesex Water (MSEX) reported a gross profit margin of 46% for TTM through Q4 2025, equivalent to $89.52M in gross profit. This means Middlesex Water retains 46% of each revenue unit after direct costs of production.
What is Middlesex Water (MSEX) operating profit margin?
- Middlesex Water (MSEX) reported an operating profit margin of 27.9% for TTM through Q4 2025, equivalent to $54.38M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Middlesex Water (MSEX) net profit margin?
- Middlesex Water (MSEX) reported a net profit margin of 22% for TTM through Q4 2025, equivalent to $42.82M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Middlesex Water (MSEX) spend on capital expenditures?
- Middlesex Water (MSEX) spent $43.62M on capital expenditures in TTM through Q4 2025 (22.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Middlesex Water (MSEX) free cash flow?
- Middlesex Water (MSEX) generated $18.97M in free cash flow for TTM through Q4 2025 (9.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Middlesex Water (MSEX) effective tax rate?
- Middlesex Water (MSEX) had an effective tax rate of 10.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
Data & methodology
What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
- Based on company filings through TTM through Q4 2025.
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