Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Middlesex Water Company (MSEX) had Return on Tangible Equity of 2.88% for the most recently reported fiscal quarter, ending 2025-09-30.

Quarterly Annual

Figures for fiscal quarter ending 2025-09-30

Income Statement Financials
Revenue	$54.09M
Net Income	$13.94M
Cost of Goods Sold	--
Gross Profit	$54.09M
Operating Expenses	$36.39M
Operating Income	$17.70M
Non-Operating Income/Expense	$-2.31M
Pre-Tax Income	$15.39M
Normalized Pre-Tax Income	$15.39M
Income after Taxes	$13.96M
Income from Continuous Operations	$13.96M
Consolidated Net Income/Loss	$13.96M
Normalized Income after Taxes	$13.96M
EBIT	$17.70M
EBITDA	$26.23M
Weighted-Average Shares Outstanding (Basic)	18.12M
Weighted-Average Shares Outstanding (Diluted)	18.15M
Earnings per Share (EPS) (Basic)	$0.77
Earnings per Share (EPS) (Diluted)	$0.77
Balance Sheet Financials
Current Assets	$49.60M
Property, Plant, and Equipment	$1.12B
Long-Term Assets	$1.29B
Total Assets	$1.34B
Current Liabilities	$118.28M
Long-Term Debt	$350.15M
Long-Term Liabilities	$739.78M
Total Liabilities	$858.06M
Common Equity	$482.55M
Tangible Shareholders Equity	$483.90M
Shareholders Equity	$483.90M
Common Shares Outstanding	18.34M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$44.13M
Cash Flow from Investing Activities	$-76.25M
Cash Flow from Financial Activities	$32.95M
Beginning Cash	$4.23M
End Cash	$5.06M
Increase/Decrease in Cash	$0.83M
Stock-Based Compensation	$1.12M
Common Stock Dividends Paid	$-18.31M
Preferred Stock Dividends Paid	$-0.06M
Fundamental Metrics & Ratios
Current Ratio	0.42
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.42
Debt to Equity Ratio	0.85
Gross Margin	100.00%
Operating Margin	32.73%
EBIT Margin	32.73%
EBITDA Margin	--
Pre-Tax Profit Margin	28.45%
Profit Margin	25.77%
Free Cash Flow	$-27.51M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.04
Inventory Turnover	--
Receiveable Turnover	2.38
Days Sales in Receivables	37.83
Return on Equity	2.89%
Return on Tangible Equity	2.88%
Return on Assets	1.04%
Return on Investments	1.67%
Book Value Per Share	$26.39
Free Cash Flow per Share	$-1.52
Operating Cash Flow per Share	$2.43

Data from Zacks Investment Research, Inc.