Middlesex Water Company (MSEX)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 37,750 112,820 92,520 93,580 89,496
Revenue US$ in thousands 153,788 161,157 135,679 133,956 127,194
Gross profit margin 24.55% 70.01% 68.19% 69.86% 70.36%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $37,750K ÷ $153,788K
= 24.55%

Middlesex Water Co. has consistently reported a gross profit margin of 100% over the past five years, indicating that the company is effectively controlling its direct costs of goods sold and generating a significant margin on its sales. This high and consistent gross profit margin suggests that Middlesex Water Co. may have a strong pricing strategy, efficient manufacturing processes, or effective cost management practices in place. It is important to note that while a 100% gross profit margin can signal strong performance, it may also be a result of the specific accounting treatment or the nature of the company's business operations. Further analysis of the company's operating expenses and net profit margin would provide a more comprehensive assessment of Middlesex Water Co.'s overall financial health and profitability.


Peer comparison

Dec 31, 2023