Middlesex Water annual operating margin
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Middlesex Water Operating Margin Growth & History (MSEX)
Middlesex Water's operating margin was 27.93% for fiscal 2025.
View full Middlesex Water company overviewMiddlesex Water annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 27.93% | +0.18 pp |
| 2024 | 2024-12-31 | 27.75% | +4.14 pp |
| 2023 | 2023-12-31 | 23.61% | −5.56 pp |
| 2022 | 2022-12-31 | 29.17% | +5.94 pp |
| 2021 | 2021-12-31 | 23.23% | −3.23 pp |
| 2020 | 2020-12-31 | 26.45% | +0.04 pp |
| 2019 | 2019-12-31 | 26.42% | −0.51 pp |
| 2018 | 2018-12-31 | 26.93% | −2.01 pp |
| 2017 | 2017-12-31 | 28.93% | −1.43 pp |
| 2016 | 2016-12-31 | 30.36% | +1.92 pp |
| 2015 | 2015-12-31 | 28.44% | −0.92 pp |
| 2014 | 2014-12-31 | 29.36% | +2.39 pp |
| 2013 | 2013-12-31 | 26.97% | +1.92 pp |
| 2012 | 2012-12-31 | 25.05% | +1.34 pp |
| 2011 | 2011-12-31 | 23.71% | −2.18 pp |
| 2010 | 2010-12-31 | 25.89% | +3.79 pp |
| 2009 | 2009-12-31 | 22.10% | — |
Middlesex Water quarterly operating margin
Q2.10
Q3.10
Q1.11
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Q1.12
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Q4.12
Q1.13
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Q3.13
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Q3.14
Q4.14
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Q2.15
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Q2.16
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Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 32.35% | +4.12 pp |
| Q1 2026 | 2026-03-31 | 26.90% | +0.79 pp |
| Q4 2025 | 2025-12-31 | 23.82% | +1.45 pp |
| Q3 2025 | 2025-09-30 | 32.73% | +0.95 pp |
| Q2 2025 | 2025-06-30 | 28.22% | −2.96 pp |
| Q1 2025 | 2025-03-31 | 26.11% | +1.75 pp |
| Q4 2024 | 2024-12-31 | 22.37% | +1.00 pp |
| Q3 2024 | 2024-09-30 | 31.78% | +4.32 pp |
| Q2 2024 | 2024-06-30 | 31.18% | +6.23 pp |
| Q1 2024 | 2024-03-31 | 24.36% | +4.71 pp |
| Q4 2023 | 2023-12-31 | 21.37% | +0.37 pp |
| Q3 2023 | 2023-09-30 | 27.46% | −7.29 pp |
| Q2 2023 | 2023-06-30 | 24.95% | −0.50 pp |
| Q1 2023 | 2023-03-31 | 19.65% | −14.98 pp |
| Q4 2022 | 2022-12-31 | 21.00% | +2.35 pp |
| Q3 2022 | 2022-09-30 | 34.75% | +6.08 pp |
| Q2 2022 | 2022-06-30 | 25.45% | −1.32 pp |
| Q1 2022 | 2022-03-31 | 34.63% | +17.30 pp |
| Q4 2021 | 2021-12-31 | 18.65% | −5.43 pp |
| Q3 2021 | 2021-09-30 | 28.68% | −4.36 pp |
| Q2 2021 | 2021-06-30 | 26.77% | +0.14 pp |
| Q1 2021 | 2021-03-31 | 17.33% | −3.24 pp |
| Q4 2020 | 2020-12-31 | 24.09% | +0.97 pp |
| Q3 2020 | 2020-09-30 | 33.04% | +1.28 pp |
| Q2 2020 | 2020-06-30 | 26.63% | −0.20 pp |
| Q1 2020 | 2020-03-31 | 20.57% | −2.35 pp |
| Q4 2019 | 2019-12-31 | 23.11% | +1.59 pp |
| Q3 2019 | 2019-09-30 | 31.76% | −1.64 pp |
| Q2 2019 | 2019-06-30 | 26.83% | −3.90 pp |
| Q1 2019 | 2019-03-31 | 22.92% | +2.53 pp |
| Q4 2018 | 2018-12-31 | 21.53% | −4.78 pp |
| Q3 2018 | 2018-09-30 | 33.40% | −1.47 pp |
| Q2 2018 | 2018-06-30 | 30.73% | +2.36 pp |
| Q1 2018 | 2018-03-31 | 20.39% | −4.78 pp |
| Q4 2017 | 2017-12-31 | 26.30% | +2.55 pp |
| Q3 2017 | 2017-09-30 | 34.87% | −2.59 pp |
| Q2 2017 | 2017-06-30 | 28.37% | −3.19 pp |
| Q1 2017 | 2017-03-31 | 25.17% | −1.98 pp |
| Q4 2016 | 2016-12-31 | 23.75% | −3.61 pp |
| Q3 2016 | 2016-09-30 | 37.46% | +4.39 pp |
| Q2 2016 | 2016-06-30 | 31.56% | +2.40 pp |
| Q1 2016 | 2016-03-31 | 27.15% | +3.92 pp |
| Q4 2015 | 2015-12-31 | 27.36% | −1.31 pp |
| Q3 2015 | 2015-09-30 | 33.07% | −2.50 pp |
| Q2 2015 | 2015-06-30 | 29.16% | −0.80 pp |
| Q1 2015 | 2015-03-31 | 23.23% | +1.27 pp |
| Q4 2014 | 2014-12-31 | 28.67% | +4.37 pp |
| Q3 2014 | 2014-09-30 | 35.57% | +2.74 pp |
| Q2 2014 | 2014-06-30 | 29.97% | +1.89 pp |
| Q1 2014 | 2014-03-31 | 21.96% | +0.27 pp |
| Q4 2013 | 2013-12-31 | 24.30% | +3.19 pp |
| Q3 2013 | 2013-09-30 | 32.83% | −0.69 pp |
| Q2 2013 | 2013-06-30 | 28.08% | +1.76 pp |
| Q1 2013 | 2013-03-31 | 21.69% | +5.23 pp |
| Q4 2012 | 2012-12-31 | 21.11% | +3.18 pp |
| Q3 2012 | 2012-09-30 | 33.51% | +3.81 pp |
| Q2 2012 | 2012-06-30 | 26.31% | +0.50 pp |
| Q1 2012 | 2012-03-31 | 16.47% | −3.40 pp |
| Q4 2011 | 2011-12-31 | 17.94% | −15.94 pp |
| Q3 2011 | 2011-09-30 | 29.70% | −0.04 pp |
| Q2 2011 | 2011-06-30 | 25.81% | — |
| Q1 2011 | 2011-03-31 | 19.87% | — |
| Q3 2010 | 2010-09-30 | 33.87% | — |
| Q2 2010 | 2010-06-30 | 29.75% | — |
Middlesex Water operating margin trends
Over the last five reported fiscal years, Middlesex Water's operating margin increased from 26.45% to 27.93%, a change of +1.47 percentage points. The latest reported quarter, Q2 2026, shows 32.35%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Middlesex Water filings at SEC.gov ↗