Regulated Water
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YORW vs MSEX
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Water
YORW vs MSEX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Regulated Water | Regulated Water |
| Market Cap | $465M | $946M |
| Revenue (TTM) | $-18M | $199M |
| Net Income (TTM) | $21M | $44M |
| Gross Margin | 54.8% | 33.3% |
| Operating Margin | 35.8% | 28.1% |
| Forward P/E | 17.9x | 20.0x |
| Total Debt | $232M | $419M |
| Cash & Equiv. | $1K | $3M |
YORW vs MSEX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| The York Water Comp… (YORW) | 100 | 65.3 | -34.7% |
| Middlesex Water Com… (MSEX) | 100 | 75.4 | -24.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: YORW vs MSEX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
YORW carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 31 yrs, beta 0.08, yield 3.0%
- Rev growth 3.4%, EPS growth -2.1%, 3Y rev CAGR 8.9%
- Lower volatility, beta 0.08, Low D/E 96.6%, current ratio 0.67x
MSEX is the clearest fit if your priority is long-term compounding.
- 65.0% 10Y total return vs YORW's 27.1%
- Lower D/E ratio (84.9% vs 96.6%)
- -12.5% vs YORW's -13.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 3.4% revenue growth vs MSEX's 1.5% | |
| Value | Lower P/E (17.9x vs 20.0x), PEG 9.83 vs 12.52 | |
| Quality / Margins | 25.9% margin vs MSEX's 22.1% | |
| Stability / Safety | Lower D/E ratio (84.9% vs 96.6%) | |
| Dividends | 3.0% yield, 31-year raise streak, vs MSEX's 2.7% | |
| Momentum (1Y) | -12.5% vs YORW's -13.2% | |
| Efficiency (ROA) | 4.2% ROA vs MSEX's 3.2%, ROIC 4.6% vs 4.7% |
YORW vs MSEX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
YORW 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)
YORW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MSEX and YORW operate at a comparable scale, with $199M and -$18M in trailing revenue. Profitability is closely matched — net margins range from 25.9% (YORW) to 22.1% (MSEX). On growth, MSEX holds the edge at +10.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | -$18M | $199M |
| EBITDAEarnings before interest/tax | $42M | $81M |
| Net IncomeAfter-tax profit | $21M | $44M |
| Free Cash FlowCash after capex | -$30M | -$19M |
| Gross MarginGross profit ÷ Revenue | +54.8% | +33.3% |
| Operating MarginEBIT ÷ Revenue | +35.8% | +28.1% |
| Net MarginNet income ÷ Revenue | +25.9% | +22.1% |
| FCF MarginFCF ÷ Revenue | -24.3% | -9.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -100.0% | +10.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +32.0% | -100.0% |
Valuation Metrics
YORW leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 20.9x trailing earnings, YORW trades at a 3% valuation discount to MSEX's 21.6x P/E. Adjusting for growth (PEG ratio), YORW offers better value at 11.49x vs MSEX's 13.49x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $465M | $946M |
| Enterprise ValueMkt cap + debt − cash | $697M | $1.4B |
| Trailing P/EPrice ÷ TTM EPS | 20.94x | 21.58x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.91x | 20.02x |
| PEG RatioP/E ÷ EPS growth rate | 11.49x | 13.49x |
| EV / EBITDAEnterprise value multiple | 16.62x | 15.69x |
| Price / SalesMarket cap ÷ Revenue | 6.00x | 4.86x |
| Price / BookPrice ÷ Book value/share | 1.75x | 1.87x |
| 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 $9 for YORW. MSEX carries lower financial leverage with a 0.85x debt-to-equity ratio, signaling a more conservative balance sheet compared to YORW's 0.97x. On the Piotroski fundamental quality scale (0–9), MSEX scores 4/9 vs YORW's 3/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +8.9% | +9.1% |
| ROA (TTM)Return on assets | +4.2% | +3.2% |
| ROICReturn on invested capital | +4.6% | +4.7% |
| ROCEReturn on capital employed | +4.3% | +4.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 |
| Debt / EquityFinancial leverage | 0.97x | 0.85x |
| Net DebtTotal debt minus cash | $232M | $416M |
| Cash & Equiv.Liquid assets | $1,000 | $3M |
| Total DebtShort + long-term debt | $232M | $419M |
| Interest CoverageEBIT ÷ Interest expense | 1.92x | 4.33x |
Total Returns (Dividends Reinvested)
MSEX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MSEX five years ago would be worth $7,172 today (with dividends reinvested), compared to $6,805 for YORW. Over the past 12 months, MSEX leads with a -12.5% total return vs YORW's -13.2%. The 3-year compound annual growth rate (CAGR) favors YORW at -9.3% vs MSEX's -9.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -7.5% | +2.0% |
| 1-Year ReturnPast 12 months | -13.2% | -12.5% |
| 3-Year ReturnCumulative with dividends | -25.5% | -25.7% |
| 5-Year ReturnCumulative with dividends | -31.9% | -28.3% |
| 10-Year ReturnCumulative with dividends | +27.1% | +65.0% |
| CAGR (3Y)Annualised 3-year return | -9.3% | -9.4% |
Risk & Volatility
Evenly matched — YORW and MSEX each lead in 1 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 YORW's 0.08 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.08x | -0.12x |
| 52-Week HighHighest price in past year | $35.26 | $62.18 |
| 52-Week LowLowest price in past year | $28.26 | $44.17 |
| % of 52W HighCurrent price vs 52-week peak | +82.6% | +81.9% |
| RSI (14)Momentum oscillator 0–100 | 36.0 | 44.3 |
| Avg Volume (50D)Average daily shares traded | 171K | 159K |
Analyst Outlook
YORW leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates YORW as "Hold" and MSEX as "Buy". For income investors, YORW offers the higher dividend yield at 3.01% vs MSEX's 2.70%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $53.50 |
| # AnalystsCovering analysts | 4 | 4 |
| Dividend YieldAnnual dividend ÷ price | +3.0% | +2.7% |
| Dividend StreakConsecutive years of raises | 31 | 21 |
| Dividend / ShareAnnual DPS | $0.88 | $1.37 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
YORW leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MSEX leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
YORW vs MSEX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is YORW or MSEX a better buy right now?
For growth investors, The York Water Company (YORW) is the stronger pick with 3.
4% revenue growth year-over-year, versus 1. 5% for Middlesex Water Company (MSEX). The York Water Company (YORW) offers the better valuation at 20. 9x trailing P/E (17. 9x forward), making it the more compelling value choice. Analysts rate Middlesex Water Company (MSEX) a "Buy" — based on 4 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 has the better valuation — YORW or MSEX?
On trailing P/E, The York Water Company (YORW) is the cheapest at 20.
9x versus Middlesex Water Company at 21. 6x. On forward P/E, The York Water Company is actually cheaper at 17. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: The York Water Company wins at 9. 83x versus Middlesex Water Company's 12. 52x.
03Which is the better long-term investment — YORW or MSEX?
Over the past 5 years, Middlesex Water Company (MSEX) delivered a total return of -28.
3%, compared to -31. 9% for The York Water Company (YORW). Over 10 years, the gap is even starker: MSEX returned +63. 6% versus YORW's +24. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — YORW or MSEX?
By beta (market sensitivity over 5 years), Middlesex Water Company (MSEX) is the lower-risk stock at -0.
12β versus The York Water Company's 0. 08β — meaning YORW is approximately -163% 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 97% for The York Water Company — giving it more financial flexibility in a downturn.
05Which is growing faster — YORW or MSEX?
By revenue growth (latest reported year), The York Water Company (YORW) is pulling ahead at 3.
4% versus 1. 5% for Middlesex Water Company (MSEX). On earnings-per-share growth, the picture is similar: The York Water Company grew EPS -2. 1% year-over-year, compared to -4. 5% for Middlesex Water Company. Over a 3-year CAGR, YORW leads at 8. 9% 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.
06Which has better profit margins — YORW or MSEX?
The York Water Company (YORW) is the more profitable company, earning 25.
9% net margin versus 22. 0% for Middlesex Water Company — meaning it keeps 25. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: YORW leads at 35. 8% versus 27. 9% for MSEX. At the gross margin level — before operating expenses — YORW leads at 54. 8%, 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.
07Is YORW or MSEX more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, The York Water Company (YORW) is the more undervalued stock at a PEG of 9. 83x versus Middlesex Water Company's 12. 52x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, The York Water Company (YORW) trades at 17. 9x forward P/E versus 20. 0x for Middlesex Water Company — 2. 1x cheaper on a one-year earnings basis.
08Which pays a better dividend — YORW or MSEX?
All stocks in this comparison pay dividends.
The York Water Company (YORW) offers the highest yield at 3. 0%, versus 2. 7% for Middlesex Water Company (MSEX).
09Is YORW 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). Both have compounded well over 10 years (MSEX: +63. 6%, YORW: +24. 9%), 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.
10What are the main differences between YORW 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: YORW is a small-cap income-oriented 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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