Middlesex Water Company
MSEXFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
192
Cost of Revenue
92
Gross Profit
100
Gross Margin
51.9%
Operating Income
53
Operating Margin
27.7%
Net Income
44
Net Margin
23.1%
EPS (Basic)
$2.48
EPS (Diluted)
$2.47
EBITDA
92
EBITDA Margin
48.0%
2023
12/31/2023
Revenue
166
Cost of Revenue
83
Gross Profit
83
Gross Margin
50.0%
Operating Income
39
Operating Margin
23.6%
Net Income
32
Net Margin
19.0%
EPS (Basic)
$1.77
EPS (Diluted)
$1.76
EBITDA
73
EBITDA Margin
43.7%
2022
12/31/2022
Revenue
162
Cost of Revenue
79
Gross Profit
83
Gross Margin
51.3%
Operating Income
47
Operating Margin
29.1%
Net Income
42
Net Margin
26.1%
EPS (Basic)
$2.40
EPS (Diluted)
$2.39
EBITDA
80
EBITDA Margin
49.4%
2021
12/31/2021
Revenue
143
Cost of Revenue
74
Gross Profit
69
Gross Margin
48.5%
Operating Income
33
Operating Margin
23.2%
Net Income
37
Net Margin
25.5%
EPS (Basic)
$2.08
EPS (Diluted)
$2.07
EBITDA
63
EBITDA Margin
44.2%
2020
12/31/2020
Revenue
142
Cost of Revenue
71
Gross Profit
71
Gross Margin
50.0%
Operating Income
37
Operating Margin
26.4%
Net Income
38
Net Margin
27.1%
EPS (Basic)
$2.19
EPS (Diluted)
$2.18
EBITDA
59
EBITDA Margin
41.4%