Middlesex Water Company (MSEX)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 445,263 | 422,991 | 400,328 | 367,726 | 348,292 |
| ROE | 9.96% | 7.45% | 10.60% | 9.94% | 11.03% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $44,351K ÷ $445,263K
= 9.96%
Middlesex Water Company's Return on Equity (ROE) has shown some fluctuations over the past five years. In December 31, 2020, the ROE stood at 11.03% and decreased slightly to 9.94% by December 31, 2021. However, there was a modest improvement in ROE to 10.60% by December 31, 2022. Subsequently, there was a significant drop in ROE to 7.45% by December 31, 2023, indicating a decrease in profitability relative to shareholders' equity. The most recent data point in December 31, 2024, showed a slight recovery in ROE to 9.96%.
Overall, the trend in ROE for Middlesex Water Company reflects some volatility, with fluctuations indicating changes in the company's profitability and efficiency in generating returns for shareholders on their equity investments. It would be essential to further investigate the factors contributing to these variations and assess the company's financial performance and strategic decisions affecting ROE.
Peer comparison
Dec 31, 2024