Middlesex Water Company (MSEX)

Net 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
Net income (ttm)	US$ in thousands	44,351	41,312	36,983	36,338	31,524	32,930	37,231	36,198	42,430	42,496	39,681	41,736	36,543	37,613	38,874	37,664	38,425	38,189	36,571	35,004
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
Net profit margin		23.11%	22.53%	21.13%	21.98%	19.64%	20.54%	23.39%	23.04%	26.33%	27.46%	26.97%	28.93%	27.01%	27.67%	28.59%	27.97%	28.68%	28.98%	28.24%	27.39%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $44,351K ÷ $191,877K
= 23.11%

Middlesex Water Company's net profit margin has shown some fluctuations over the past few years, ranging from a high of 28.98% in September 2020 to a low of 19.64% in December 2023. The net profit margin measures the company's profitability by indicating how much of each dollar of revenue is converted into profit after all expenses have been deducted.

The company experienced a peak in profitability in September 2020, but since then, there has been a downward trend in the net profit margin, with fluctuations in between. This downward trend may indicate that the company's expenses have been increasing at a faster rate than its revenue, which can put pressure on its overall profitability.

It is essential for Middlesex Water Company to closely monitor its expenses and revenue generation to ensure sustainable profitability in the long term. The management should focus on cost-control measures and revenue growth strategies to improve the net profit margin and enhance the company's financial performance.