Last 48 quarters of trend data · Utilities · Regulated Water
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.78 | — | 27.40 | 17.57 | 22.57 | 30.24 | — | 20.39 | 22.14 | 22.25 | 51.27 | 29.58 | 36.66 |
| — | — | — | -13.8% | +1.9% | +35.9% | — | -31.1% | -39.6% | -62.4% | +4.3% | +24.1% | -16.4% | |
| P/S Ratio | 4.91 | — | 4.95 | 4.54 | 4.94 | 6.49 | 5.01 | 5.31 | 4.77 | 5.81 | 7.57 | 6.34 | 8.40 |
| — | — | -1.4% | -14.5% | +3.6% | +11.8% | -33.8% | -16.1% | -43.2% | -36.1% | -15.3% | -11.7% | -14.1% | |
| P/B Ratio | 1.89 | 1.93 | 1.88 | 2.04 | 2.12 | 2.56 | 2.11 | 2.64 | 2.16 | 2.19 | 2.75 | 2.81 | 3.48 |
| — | -24.7% | -11.3% | -22.8% | -1.5% | +17.0% | -23.1% | -6.0% | -38.0% | -36.0% | -20.2% | -18.0% | -13.1% | |
| P/FCF | — | — | — | — | — | — | — | 6.08 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 15.79 | — | 17.07 | 13.29 | 16.18 | 19.82 | 18.09 | 15.62 | 15.32 | 21.54 | 25.34 | 19.48 | 25.38 |
| — | — | -5.6% | -14.9% | +5.6% | -8.0% | -28.6% | -19.8% | -39.6% | -28.2% | -10.3% | +5.6% | -10.6% | |
| EV / EBIT | 25.23 | — | 25.52 | 17.80 | 21.96 | 28.89 | 27.32 | 20.21 | 19.05 | 22.41 | 43.05 | 28.86 | 35.68 |
| — | — | -6.6% | -11.9% | +15.3% | +28.9% | -36.6% | -30.0% | -46.6% | -53.2% | -8.0% | +20.7% | -13.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Middlesex Water Company's operating margin was 26.9% in Q1 2026, up 3.0 pp QoQ and up 0.8 pp YoY. The trailing four-quarter average of 27.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.2% | — | 35.5% | 43.3% | 53.2% | 52.4% | 47.5% | 54.0% | 55.6% | 49.5% | 50.6% | 51.7% | 50.5% |
| — | — | -25.4% | -19.8% | -4.2% | +5.8% | -6.0% | +4.5% | +10.2% | +5.5% | +4.9% | -10.1% | -0.5% | |
| Operating Margin | 27.9% | 26.9% | 23.9% | 32.7% | 28.2% | 26.1% | 22.4% | 31.8% | 31.2% | 24.3% | 21.4% | 27.4% | 24.9% |
| — | +3.1% | +6.7% | +3.0% | -9.5% | +7.2% | +4.7% | +15.7% | +25.0% | +24.0% | +1.8% | -21.0% | -1.9% | |
| Net Margin | 22.0% | 21.8% | 18.3% | 25.8% | 21.9% | 21.4% | 18.7% | 26.0% | 21.5% | 26.4% | 14.9% | 21.4% | 23.1% |
| — | +1.7% | -2.0% | -0.7% | +1.8% | -18.8% | +25.1% | +21.5% | -7.2% | +71.4% | -19.1% | -28.6% | +3.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.1% | 2.1% | 1.8% | 3.0% | 2.4% | 2.1% | 2.0% | 3.3% | 2.4% | 2.5% | 1.4% | 2.4% | 2.4% |
| — | +0.6% | -11.0% | -9.0% | -2.7% | -15.3% | +45.2% | +36.2% | +0.9% | +72.0% | -23.8% | -34.1% | +4.6% | |
| ROA | 3.3% | 0.8% | 0.6% | 1.1% | 0.8% | 0.7% | 0.7% | 1.1% | 0.8% | 0.9% | 0.5% | 0.8% | 0.9% |
| — | +3.0% | -10.3% | -8.2% | -0.6% | -12.9% | +52.4% | +35.7% | -6.1% | +59.1% | -30.6% | -38.0% | +2.7% | |
| ROIC | 4.7% | 1.1% | 0.9% | 1.5% | 1.2% | 1.0% | 1.0% | 1.6% | 1.3% | 0.9% | 0.7% | 1.2% | 1.0% |
| — | +3.5% | -3.0% | -3.6% | -8.9% | +18.4% | +28.9% | +32.1% | +32.2% | +20.5% | -7.6% | -29.8% | -4.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Middlesex Water Company's Debt/EBITDA ratio is 32.0x, up from 21.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 14.8% YoY to 0.39x, tightening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.85 | 0.84 | 0.85 | 0.86 | 0.91 | 0.88 | 0.86 | 0.86 | 1.01 | 0.99 | 0.97 | 0.97 | 0.95 |
| — | -5.1% | -2.0% | +0.5% | -10.2% | -11.3% | -11.0% | -11.3% | +5.9% | +6.1% | +6.4% | +9.4% | +7.3% | |
| Debt / EBITDA | 4.83 | 31.96 | 21.27 | 15.83 | 19.42 | 20.30 | 21.05 | 15.37 | 19.67 | 26.91 | 26.47 | 19.98 | 21.92 |
| — | +57.4% | +1.0% | +3.0% | -1.3% | -24.6% | -20.5% | -23.0% | -10.3% | +4.3% | +11.7% | +31.8% | +5.9% | |
| Current Ratio | 0.45 | 0.39 | 0.45 | 0.42 | 0.41 | 0.46 | 0.52 | 0.65 | 0.90 | 0.95 | 1.05 | 1.12 | 0.46 |
| — | -14.8% | -14.1% | -35.7% | -54.5% | -51.6% | -50.4% | -41.7% | +93.5% | +130.5% | +230.2% | +150.9% | -6.4% | |
| Quick Ratio | 0.36 | 0.39 | 0.36 | 0.36 | 0.35 | 0.39 | 0.44 | 0.57 | 0.85 | 0.89 | 0.98 | 1.07 | 0.39 |
| — | +0.4% | -16.6% | -37.3% | -58.7% | -56.1% | -55.3% | -46.5% | +117.6% | +158.8% | +270.4% | +177.9% | -7.7% | |
| Interest Coverage | 4.33 | 4.08 | 3.51 | 4.66 | 4.36 | 4.92 | 4.28 | 6.25 | 4.45 | 4.66 | 2.61 | 4.55 | 3.94 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Middlesex Water Company's current P/E is 21.8x. The average P/E over the last 3 quarters is 22.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Middlesex Water Company's current operating margin is 27.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Middlesex Water Company's business trajectory between earnings reports.