Middlesex Water Company (MSEX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,351 | 31,524 | 42,429 | 36,543 | 38,425 |
| Revenue | US$ in thousands | 191,877 | 166,274 | 161,157 | 135,679 | 133,956 |
| Net profit margin | 23.11% | 18.96% | 26.33% | 26.93% | 28.68% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $44,351K ÷ $191,877K
= 23.11%
The net profit margin of Middlesex Water Company has shown some fluctuations over the period from December 31, 2020, to December 31, 2024. The margin started at a strong level of 28.68% in 2020 but gradually decreased to 26.93% in 2021 and further to 26.33% in 2022. There was a significant drop in the net profit margin to 18.96% in 2023, indicating potential challenges impacting profitability.
However, there was a recovery in 2024 with the net profit margin increasing to 23.11%, although it did not reach the initial level seen in 2020. This fluctuation in net profit margin suggests that Middlesex Water Company may have experienced changes in its revenue and expenses structure, impacting its overall profitability during the period under review. Further analysis would be necessary to determine the specific drivers behind these fluctuations and assess the company's performance sustainability.
Peer comparison
Dec 31, 2024