What is the current annual gross margin of MSEX?

As of today, MSEX annual gross margin is 39.13%

What is 1-year change in MSEX annual gross margin?

MSEX annual gross margin is up +12.25% year-over-year

What is 3-year change in MSEX annual gross margin?

MSEX annual gross margin is up +15.80% over the past 3 years

How far is MSEX annual gross margin from its all-time high?

MSEX annual gross margin is currently -26.35% below its historical high of 53.13% set on December 31, 1991

How does MSEX annual gross margin rank versus sector peers?

MSEX annual gross margin is higher than 70.75% of companies in Utilities sector

When is MSEX next annual earnings release?

The next annual earnings release for MSEX is on February 27, 2026

What is the current quarterly gross margin of MSEX?

As of today, MSEX quarterly gross margin is 43.28%

What is MSEX quarterly gross margin most recent change?

MSEX quarterly gross margin was up +9.18% on September 30, 2025

What is 1-year change in MSEX quarterly gross margin?

MSEX quarterly gross margin is up +1.76% year-over-year

How far is MSEX quarterly gross margin from its all-time high?

MSEX quarterly gross margin is currently -18.20% below its historical high of 52.91% set on September 30, 2002

How does MSEX quarterly gross margin rank versus sector peers?

MSEX quarterly gross margin is higher than 83.81% of companies in Utilities sector

When is MSEX next earnings release?

The next earnings release for MSEX is on February 27, 2026

MSEX Gross Margin History & Chart Since 1980

Annual Gross Margin

39.13%4.27%+12.25%

December 31, 2024

Summary

Current Value: As of today, MSEX annual gross margin is 39.13%, up +12.25% on December 31, 2024
Historical Performance: MSEX annual gross margin is up +15.80% over the past 3 years, and up +5.56% over the past 5 years
All-Time High Comparison: MSEX annual gross margin is currently -26.35% below its historical high of 53.13% set on December 31, 1991
3-Year Low Comparison: MSEX annual gross margin is +12.25% above its 3-year low of 34.86% reached on December 31, 2023
Sector Comparison: MSEX annual gross margin is higher than 70.75% of companies in Utilities sector

Gross Margin Chart

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Performance

MSEX Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	39.13%	+12.3%	+15.8%	+5.6%	+2.3%
Quarterly Gross Margin	Sep 30, 25	43.28%	+1.8%	-4.4%	+0.2%	-2.7%
Price	Jan 9, 26	$51.70	+2.7%	-35.4%	-28.6%	+177.2%
PE Ratio	Jan 9, 26	21.70	+6.3%	-35.0%	-34.6%	+9.4%
Annual Revenue	Dec 31, 24	$191.88M	+15.4%	+34.0%	+42.6%	+110.3%
Annual Gross Profit	Dec 31, 24	$75.08M	+29.5%	+55.3%	+50.5%	+115.0%
Annual Operating Margin	Dec 31, 24	27.73%	+17.6%	+19.5%	+5.1%	+25.5%
Annual Net Margin	Dec 31, 24	23.11%	+21.9%	-9.5%	-8.2%	+111.4%

Gross Margin Highs

MSEX Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	39.13%	Dec 31, 24	at high
5Y	39.13%	Dec 31, 24	at high
All	53.13%	Dec 31, 91	-26.4%

Gross Margin Lows

MSEX Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	34.86%	Dec 31, 23	+12.3%
5Y	33.79%	Dec 31, 21	+15.8%
All	0.00%	Dec 1, 80	N/A

Gross Margin History

Year	Value	Change
2024	39.13%	+12.2%
2023	34.86%	-6.1%
2022	37.13%	+9.9%
2021	33.79%	-8.6%
2020	36.95%	-0.3%
2019	37.07%	-0.6%
2018	37.28%	-5.1%
2017	39.28%	-4.3%
2016	41.06%	+6.0%
2015	38.73%	-2.6%
2014	39.75%	+5.9%
2013	37.54%	+4.9%
2012	35.80%	+2.4%
2011	34.97%	-5.5%
2010	37.00%	-3.3%
2009	38.26%	-9.1%
2008	42.11%	-0.5%
2007	42.34%	+0.4%
2006	42.19%	+6.6%
2005	39.56%	-1.9%
2004	40.32%	-0.9%
2003	40.68%	-6.9%
2002	43.68%	+1.9%

Year	Value	Change
2001	42.87%	+5.9%
2000	40.50%	-7.2%
1999	43.64%	+2.9%
1998	42.39%	-3.4%
1997	43.89%	+2.3%
1996	42.91%	-6.5%
1995	45.89%	-0.6%
1994	46.16%	-0.9%
1993	46.56%	+1.0%
1992	46.08%	-13.3%
1991	53.13%	>+9,900.0%
1990	0.00%	0.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	0.0%
1984	0.00%	0.0%
1983	0.00%	0.0%
1982	0.00%	0.0%
1981	0.00%	0.0%
1980	0.00%	-

FAQ

What is the current annual gross margin of MSEX?
As of today, MSEX annual gross margin is 39.13%
What is 1-year change in MSEX annual gross margin?
MSEX annual gross margin is up +12.25% year-over-year
What is 3-year change in MSEX annual gross margin?
MSEX annual gross margin is up +15.80% over the past 3 years
How far is MSEX annual gross margin from its all-time high?
MSEX annual gross margin is currently -26.35% below its historical high of 53.13% set on December 31, 1991
How does MSEX annual gross margin rank versus sector peers?
MSEX annual gross margin is higher than 70.75% of companies in Utilities sector
When is MSEX next annual earnings release?
The next annual earnings release for MSEX is on February 27, 2026

Quarterly Gross Margin

43.28%3.64%+9.18%

September 30, 2025

Summary

Current Value: As of today, MSEX quarterly gross margin is 43.28%, up +9.18% on September 30, 2025
Historical Performance: MSEX quarterly gross margin is up +1.76% year-over-year, and down -4.40% over the past 3 years
All-Time High Comparison: MSEX quarterly gross margin is currently -18.20% below its historical high of 52.91% set on September 30, 2002
3-Year Low Comparison: MSEX quarterly gross margin is +38.63% above its 3-year low of 31.22% reached on March 31, 2023
Sector Comparison: MSEX quarterly gross margin is higher than 83.81% of companies in Utilities sector

Performance

MSEX Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	43.28%	+9.2%	+1.8%	-4.4%	+0.2%
Annual Gross Margin	Dec 31, 24	39.13%	–	+12.3%	+15.8%	+5.6%
Price	Jan 9, 26	$51.70	-8.6%	+2.7%	-35.4%	-28.6%
PE Ratio	Jan 9, 26	21.70	-8.6%	+6.3%	-35.0%	-34.6%
Quarterly Revenue	Sep 30, 25	$54.09M	+9.7%	-1.8%	+13.3%	+35.5%
Quarterly Gross Profit	Sep 30, 25	$23.41M	+19.7%	-0.1%	+8.4%	+35.7%
Quarterly Operating Margin	Sep 30, 25	32.73%	+16.0%	+3.0%	-5.8%	-0.8%
Quarterly Net Margin	Sep 30, 25	25.80%	+18.1%	-0.7%	-13.8%	-19.1%

Quarterly Gross Margin Highs

MSEX Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	43.28%	Sep 30, 25	at high
3Y	43.28%	Sep 30, 25	at high
5Y	45.27%	Sep 30, 22	-4.4%
All	52.91%	Sep 30, 02	-18.2%

Quarterly Gross Margin Lows

MSEX Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	33.91%	N/A	+27.6%
3Y	31.22%	Mar 31, 23	+38.6%
5Y	28.74%	Mar 31, 21	+50.6%
All	28.13%	Mar 31, 12	+53.9%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	43.28%	+9.2%
Jun 2025	39.64%	+5.4%
Mar 2025	37.62%	+10.9%
Dec 2024	33.91%	-20.3%
Sep 2024	42.53%	-0.5%
Jun 2024	42.76%	+18.2%
Mar 2024	36.18%	+8.4%
Dec 2023	33.37%	-12.2%
Sep 2023	38.01%	+5.6%
Jun 2023	36.01%	+15.3%
Mar 2023	31.22%	-5.4%
Dec 2022	33.00%	-27.1%
Sep 2022	45.27%	+24.3%
Jun 2022	36.43%	+15.3%
Mar 2022	31.59%	+7.1%
Dec 2021	29.49%	-29.0%
Sep 2021	41.56%	+12.5%
Jun 2021	36.93%	+28.5%
Mar 2021	28.74%	-16.5%
Dec 2020	34.42%	-20.3%
Sep 2020	43.21%	+17.0%
Jun 2020	36.93%	+15.8%
Mar 2020	31.88%	-5.3%
Dec 2019	33.68%	-19.8%
Sep 2019	41.98%	+12.2%
Jun 2019	37.40%	+9.0%
Mar 2019	34.31%	+8.0%
Dec 2018	31.78%	-26.8%
Sep 2018	43.41%	+5.6%
Jun 2018	41.12%	+31.7%
Mar 2018	31.22%	-14.6%
Dec 2017	36.57%	-19.4%
Sep 2017	45.36%	+17.2%
Jun 2017	38.69%	+7.1%
Mar 2017	36.12%	+2.1%
Dec 2016	35.38%	-25.5%
Sep 2016	47.50%	+13.0%
Jun 2016	42.04%	+10.7%
Mar 2016	37.98%	-0.1%
Dec 2015	38.01%	-11.3%
Sep 2015	42.85%	+8.9%
Jun 2015	39.33%	+16.2%
Mar 2015	33.86%	-13.7%
Dec 2014	39.22%	-13.6%
Sep 2014	45.40%	+12.4%
Jun 2014	40.39%	+23.0%
Mar 2014	32.83%	-6.1%
Dec 2013	34.97%	-18.3%
Sep 2013	42.81%	+10.9%
Jun 2013	38.59%	+17.3%
Mar 2013	32.91%	+2.3%
Dec 2012	32.17%	-26.3%
Sep 2012	43.66%	+19.0%
Jun 2012	36.69%	+30.4%
Mar 2012	28.13%	-30.5%
Dec 2011	40.45%	+0.1%

Month	Value	Change
Sep 2011	40.40%	+9.6%
Jun 2011	36.87%	+17.1%
Mar 2011	31.48%	-3.2%
Dec 2010	32.52%	-26.9%
Sep 2010	44.49%	+10.1%
Jun 2010	40.42%	+16.2%
Mar 2010	34.77%	-2.1%
Dec 2009	35.53%	-18.6%
Sep 2009	43.65%	+8.4%
Jun 2009	40.28%	+24.8%
Mar 2009	32.27%	-12.9%
Dec 2008	37.04%	-21.4%
Sep 2008	47.12%	+3.7%
Jun 2008	45.42%	+21.1%
Mar 2008	37.51%	-5.7%
Dec 2007	39.76%	-15.3%
Sep 2007	46.96%	+5.0%
Jun 2007	44.73%	+22.2%
Mar 2007	36.61%	-8.6%
Dec 2006	40.04%	-12.1%
Sep 2006	45.53%	+2.8%
Jun 2006	44.27%	+16.7%
Mar 2006	37.94%	+3.3%
Dec 2005	36.72%	-16.2%
Sep 2005	43.83%	+9.1%
Jun 2005	40.16%	+9.3%
Mar 2005	36.75%	-23.7%
Dec 2004	48.17%	+4.0%
Sep 2004	46.31%	+18.2%
Jun 2004	39.18%	+12.4%
Mar 2004	34.87%	-24.4%
Dec 2003	46.14%	-8.8%
Sep 2003	50.60%	+17.9%
Jun 2003	42.92%	+9.2%
Mar 2003	39.31%	-14.8%
Dec 2002	46.16%	-12.8%
Sep 2002	52.91%	+35.9%
Jun 2002	38.94%	-3.1%
Mar 2002	40.20%	-8.1%
Dec 2001	43.72%	-5.3%
Sep 2001	46.18%	+19.9%
Jun 2001	38.50%	+19.1%
Mar 2001	32.33%	-20.1%
Dec 2000	40.48%	-5.4%
Sep 2000	42.81%	+5.4%
Jun 2000	40.60%	+9.3%
Mar 2000	37.13%	-4.2%
Dec 1999	38.74%	-19.8%
Sep 1999	48.28%	+3.9%
Jun 1999	46.45%	+17.7%
Mar 1999	39.48%	+3.5%
Dec 1998	38.16%	-17.0%
Sep 1998	45.95%	+5.7%
Jun 1998	43.47%	+3.1%
Mar 1998	42.18%	-

FAQ

What is the current quarterly gross margin of MSEX?
As of today, MSEX quarterly gross margin is 43.28%
What is MSEX quarterly gross margin most recent change?
MSEX quarterly gross margin was up +9.18% on September 30, 2025
What is 1-year change in MSEX quarterly gross margin?
MSEX quarterly gross margin is up +1.76% year-over-year
How far is MSEX quarterly gross margin from its all-time high?
MSEX quarterly gross margin is currently -18.20% below its historical high of 52.91% set on September 30, 2002
How does MSEX quarterly gross margin rank versus sector peers?
MSEX quarterly gross margin is higher than 83.81% of companies in Utilities sector
When is MSEX next earnings release?
The next earnings release for MSEX is on February 27, 2026

Gross Margin Formula

Gross Margin =

× 100%

Data Sources & References

MSEX Official Website www.middlesexwater.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/66004/000162828025047821/0001628280-25-047821-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/66004/000117494725000251/0001174947-25-000251-index.htm
MSEX Profile on Yahoo Finance finance.yahoo.com/quote/MSEX
MSEX Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/msex