Middlesex Water Company (MSEX)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	172,589	65,244	53,330	42,581	37,550	106,245	108,967	107,886	112,819	109,765	103,238	100,855	92,126	95,469	95,353	94,089	93,579	93,406	91,482	89,966
Revenue (ttm)	US$ in thousands	191,877	183,372	174,987	165,353	160,542	160,340	159,166	157,131	161,158	154,740	147,137	144,256	135,282	135,917	135,959	134,658	133,956	131,761	129,520	127,795
Gross profit margin		89.95%	35.58%	30.48%	25.75%	23.39%	66.26%	68.46%	68.66%	70.01%	70.94%	70.16%	69.91%	68.10%	70.24%	70.13%	69.87%	69.86%	70.89%	70.63%	70.40%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $172,589K ÷ $191,877K
= 89.95%

The gross profit margin of Middlesex Water Company has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates a generally stable performance, with margins ranging from a low of 23.39% on December 31, 2023, to a high of 89.95% on December 31, 2024. Throughout most of the period, the company maintained gross profit margins above 60%, demonstrating a strong ability to generate profits from its core operations.

Notable peaks in the gross profit margin were observed in December 31, 2024, where it reached 89.95%, signifying a period of high profitability. On the other hand, a significant drop was seen on December 31, 2023, where the margin plummeted to 23.39%, possibly indicating challenges or one-time events impacting profitability during that period.

Overall, the majority of the data points reflect healthy gross profit margins above 60%, suggesting efficient cost management and revenue generation within the company. However, the significant fluctuations towards the end of the period warrant further investigation to understand the underlying factors driving these changes. It would be advisable for stakeholders to monitor these fluctuations closely to assess the company's ability to sustain profitability in the long term.