How Middlesex Water (MSEX) Makes Money: A Visual Guide
Middlesex Water (MSEX) generated $199.11M in revenue, earning $43.95M in net profit (22.1% 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.
In TTM through Q1 2026, Middlesex Water (MSEX) generated revenue across 3 reportable product segments; the largest contributor was Residential Member at 70.7%, followed by Commercial Member (20.1%) and Industrial Member (9.2%).
Middlesex Water (MSEX) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending (reported ).
Middlesex Water (MSEX) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for Middlesex Water (MSEX) in TTM through Q1 2026.
Residential Member
- Revenue
- $140.81M
- % of total
- 70.7%
Commercial Member
- Revenue
- $40.04M
- % of total
- 20.1%
Industrial Member
- Revenue
- $18.26M
- % of total
- 9.2%
Total
- Revenue
- $199.11M
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| Residential Member | $140.81M | 70.7% |
| Commercial Member | $40.04M | 20.1% |
| Industrial Member | $18.26M | 9.2% |
| Total | $199.11M | 100% |
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 Q1 2026, Middlesex Water generated $199.11M in total revenue with a net profit margin of 22.1%.
What is Middlesex Water (MSEX) gross profit margin?
Middlesex Water (MSEX) reported a gross profit margin of 46.2% for TTM through Q1 2026, equivalent to $92.03M in gross profit. This means Middlesex Water retains 46.2% 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 28.1% for TTM through Q1 2026, equivalent to $55.92M 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 22.1% for TTM through Q1 2026, equivalent to $43.95M 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 $45.35M on capital expenditures in TTM through Q1 2026 (22.8% 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 $15.19M in free cash flow for TTM through Q1 2026 (7.6% 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 Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.
What are Middlesex Water (MSEX) main revenue segments?
Middlesex Water (MSEX) reports revenue across 3 reportable product segments, led by Residential Member at 70.7% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
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.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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