Regulated Water
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CDZI vs MSEX
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Water
CDZI vs MSEX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Regulated Water | Regulated Water |
| Market Cap | $356M | $950M |
| Revenue (TTM) | $16M | $199M |
| Net Income (TTM) | $-33M | $44M |
| Gross Margin | 32.5% | 33.3% |
| Operating Margin | -155.4% | 28.1% |
| Forward P/E | — | 20.0x |
| Total Debt | $86M | $419M |
| Cash & Equiv. | $17M | $3M |
CDZI vs MSEX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Cadiz Inc. (CDZI) | 100 | 42.6 | -57.4% |
| Middlesex Water Com… (MSEX) | 100 | 75.4 | -24.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CDZI vs MSEX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CDZI is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 382.6%, EPS growth 5.4%, 3Y rev CAGR 157.3%
- Lower volatility, beta 1.53, current ratio 1.79x
- Beta 1.53, yield 1.6%, current ratio 1.79x
MSEX carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 21 yrs, beta -0.12, yield 2.7%
- 63.6% 10Y total return vs CDZI's -27.0%
- 22.1% margin vs CDZI's -206.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 382.6% revenue growth vs MSEX's 1.5% | |
| Quality / Margins | 22.1% margin vs CDZI's -206.6% | |
| Stability / Safety | Lower D/E ratio (84.9% vs 252.9%) | |
| Dividends | 2.7% yield, 21-year raise streak, vs CDZI's 1.6% | |
| Momentum (1Y) | +57.9% vs MSEX's -14.1% | |
| Efficiency (ROA) | 3.2% ROA vs CDZI's -25.8%, ROIC 4.7% vs -17.5% |
CDZI vs MSEX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CDZI vs MSEX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
MSEX leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MSEX is the larger business by revenue, generating $199M annually — 12.5x CDZI's $16M. MSEX is the more profitable business, keeping 22.1% of every revenue dollar as net income compared to CDZI's -2.1%. On growth, CDZI holds the edge at +28.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $16M | $199M |
| EBITDAEarnings before interest/tax | -$23M | $81M |
| Net IncomeAfter-tax profit | -$33M | $44M |
| Free Cash FlowCash after capex | -$30M | -$19M |
| Gross MarginGross profit ÷ Revenue | +32.5% | +33.3% |
| Operating MarginEBIT ÷ Revenue | -155.4% | +28.1% |
| Net MarginNet income ÷ Revenue | -2.1% | +22.1% |
| FCF MarginFCF ÷ Revenue | -188.6% | -9.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +28.7% | +10.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +16.7% | -100.0% |
Valuation Metrics
MSEX leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $356M | $950M |
| Enterprise ValueMkt cap + debt − cash | $424M | $1.4B |
| Trailing P/EPrice ÷ TTM EPS | -8.91x | 21.67x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 20.02x |
| PEG RatioP/E ÷ EPS growth rate | — | 13.55x |
| EV / EBITDAEnterprise value multiple | — | 15.73x |
| Price / SalesMarket cap ÷ Revenue | 37.02x | 4.88x |
| Price / BookPrice ÷ Book value/share | 9.57x | 1.88x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
MSEX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
MSEX delivers a 9.1% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $-119 for CDZI. MSEX carries lower financial leverage with a 0.85x debt-to-equity ratio, signaling a more conservative balance sheet compared to CDZI's 2.53x. On the Piotroski fundamental quality scale (0–9), CDZI scores 5/9 vs MSEX's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -119.0% | +9.1% |
| ROA (TTM)Return on assets | -25.8% | +3.2% |
| ROICReturn on invested capital | -17.5% | +4.7% |
| ROCEReturn on capital employed | -21.0% | +4.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 2.53x | 0.85x |
| Net DebtTotal debt minus cash | $69M | $416M |
| Cash & Equiv.Liquid assets | $17M | $3M |
| Total DebtShort + long-term debt | $86M | $419M |
| Interest CoverageEBIT ÷ Interest expense | -2.90x | 4.33x |
Total Returns (Dividends Reinvested)
Evenly matched — CDZI and MSEX each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MSEX five years ago would be worth $7,192 today (with dividends reinvested), compared to $3,990 for CDZI. Over the past 12 months, CDZI leads with a +57.9% total return vs MSEX's -14.1%. The 3-year compound annual growth rate (CAGR) favors CDZI at 0.4% vs MSEX's -9.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -18.6% | +2.5% |
| 1-Year ReturnPast 12 months | +57.9% | -14.1% |
| 3-Year ReturnCumulative with dividends | +1.1% | -25.5% |
| 5-Year ReturnCumulative with dividends | -60.1% | -28.1% |
| 10-Year ReturnCumulative with dividends | -27.0% | +63.6% |
| CAGR (3Y)Annualised 3-year return | +0.4% | -9.4% |
Risk & Volatility
MSEX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MSEX is the less volatile stock with a -0.12 beta — it tends to amplify market swings less than CDZI's 1.53 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MSEX currently trades 82.3% from its 52-week high vs CDZI's 67.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.53x | -0.12x |
| 52-Week HighHighest price in past year | $6.96 | $62.18 |
| 52-Week LowLowest price in past year | $2.58 | $44.17 |
| % of 52W HighCurrent price vs 52-week peak | +67.8% | +82.3% |
| RSI (14)Momentum oscillator 0–100 | 46.3 | 42.9 |
| Avg Volume (50D)Average daily shares traded | 631K | 159K |
Analyst Outlook
MSEX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CDZI as "Buy" and MSEX as "Buy". Consensus price targets imply 111.9% upside for CDZI (target: $10) vs 4.6% for MSEX (target: $54). For income investors, MSEX offers the higher dividend yield at 2.68% vs CDZI's 1.57%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $10.00 | $53.50 |
| # AnalystsCovering analysts | 2 | 4 |
| Dividend YieldAnnual dividend ÷ price | +1.6% | +2.7% |
| Dividend StreakConsecutive years of raises | 0 | 21 |
| Dividend / ShareAnnual DPS | $0.07 | $1.37 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
MSEX leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
CDZI vs MSEX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CDZI or MSEX a better buy right now?
For growth investors, Cadiz Inc.
(CDZI) is the stronger pick with 382. 6% revenue growth year-over-year, versus 1. 5% for Middlesex Water Company (MSEX). Middlesex Water Company (MSEX) offers the better valuation at 21. 7x trailing P/E (20. 0x forward), making it the more compelling value choice. Analysts rate Cadiz Inc. (CDZI) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — CDZI or MSEX?
Over the past 5 years, Middlesex Water Company (MSEX) delivered a total return of -28.
1%, compared to -60. 1% for Cadiz Inc. (CDZI). Over 10 years, the gap is even starker: MSEX returned +63. 6% versus CDZI's -27. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CDZI or MSEX?
By beta (market sensitivity over 5 years), Middlesex Water Company (MSEX) is the lower-risk stock at -0.
12β versus Cadiz Inc. 's 1. 53β — meaning CDZI is approximately -1330% more volatile than MSEX relative to the S&P 500. On balance sheet safety, Middlesex Water Company (MSEX) carries a lower debt/equity ratio of 85% versus 3% for Cadiz Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — CDZI or MSEX?
By revenue growth (latest reported year), Cadiz Inc.
(CDZI) is pulling ahead at 382. 6% versus 1. 5% for Middlesex Water Company (MSEX). On earnings-per-share growth, the picture is similar: Cadiz Inc. grew EPS 5. 4% year-over-year, compared to -4. 5% for Middlesex Water Company. Over a 3-year CAGR, CDZI leads at 157. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — CDZI or MSEX?
Middlesex Water Company (MSEX) is the more profitable company, earning 22.
0% net margin versus -324. 1% for Cadiz Inc. — meaning it keeps 22. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MSEX leads at 27. 9% versus -242. 0% for CDZI. At the gross margin level — before operating expenses — MSEX leads at 39. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is CDZI or MSEX more undervalued right now?
Analyst consensus price targets imply the most upside for CDZI: 111.
9% to $10. 00.
07Which pays a better dividend — CDZI or MSEX?
All stocks in this comparison pay dividends.
Middlesex Water Company (MSEX) offers the highest yield at 2. 7%, versus 1. 6% for Cadiz Inc. (CDZI).
08Is CDZI or MSEX better for a retirement portfolio?
For long-horizon retirement investors, Middlesex Water Company (MSEX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
12), 2. 7% yield). Cadiz Inc. (CDZI) carries a higher beta of 1. 53 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MSEX: +63. 6%, CDZI: -27. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CDZI and MSEX?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CDZI is a small-cap high-growth stock; MSEX is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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