🚀 VC round data is live in beta, check it out!
Middlesex Water Valuation Multiples
Discover revenue and EBITDA valuation multiples for Middlesex Water and similar public comparables like XPLR Infrastructure, Unitil, Superior Plus, B.Grimm Power and more.
Middlesex Water Overview
About Middlesex Water
Middlesex Water Co owns and operates regulated water utility and wastewater systems in the U.S. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.
Founded
1897
HQ
Employees
395
Website
Sectors
Financials (LTM)
EV
$1B
Middlesex Water Financials
Middlesex Water reported last 12-month revenue of $201M and EBITDA of $83M.
In the same LTM period, Middlesex Water generated $83M in EBITDA and $44M in net income.
Revenue (LTM)
Middlesex Water P&L
In the most recent fiscal year, Middlesex Water reported revenue of $195M and EBITDA of $94M.
Middlesex Water expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $201M | XXX | $195M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $103M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 53% | XXX | XXX | XXX |
| EBITDA | $83M | XXX | $94M | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 49% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $44M | XXX | $43M | XXX | XXX | XXX |
| Net Margin | 22% | XXX | 22% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Middlesex Water Stock Performance
Middlesex Water has current market cap of $954M, and enterprise value of $1B.
Market Cap Evolution
Middlesex Water's stock price is $51.34.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $954M | 0.0% | XXX | XXX | XXX | $2.30 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialMiddlesex Water Valuation Multiples
Middlesex Water trades at 6.8x EV/Revenue multiple, and 16.5x EV/EBITDA.
EV / Revenue (LTM)
Middlesex Water Financial Valuation Multiples
As of April 19, 2026, Middlesex Water has market cap of $954M and EV of $1B.
Equity research analysts estimate Middlesex Water's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Middlesex Water has a P/E ratio of 21.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $954M | XXX | $954M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 6.8x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBITDA | 16.5x | XXX | 14.5x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 25.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 13.2x | XXX | XXX | XXX |
| P/E | 21.8x | XXX | 22.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (40.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Middlesex Water Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Middlesex Water Margins & Growth Rates
Middlesex Water's revenue in the last 12 month grew by 10%.
Middlesex Water's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Middlesex Water's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Middlesex Water's rule of X is 67% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Middlesex Water Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 67% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Middlesex Water Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Middlesex Water | XXX | XXX | XXX | XXX | XXX | XXX |
| XPLR Infrastructure | XXX | XXX | XXX | XXX | XXX | XXX |
| Unitil | XXX | XXX | XXX | XXX | XXX | XXX |
| Superior Plus | XXX | XXX | XXX | XXX | XXX | XXX |
| B.Grimm Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Enel Distribuição Rio | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Middlesex Water M&A Activity
Middlesex Water acquired XXX companies to date.
Last acquisition by Middlesex Water was on XXXXXXXX, XXXXX. Middlesex Water acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Middlesex Water
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialMiddlesex Water Investment Activity
Middlesex Water invested in XXX companies to date.
Middlesex Water made its latest investment on XXXXXXXX, XXXXX. Middlesex Water invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Middlesex Water
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Middlesex Water
| When was Middlesex Water founded? | Middlesex Water was founded in 1897. |
| Where is Middlesex Water headquartered? | Middlesex Water is headquartered in United States. |
| How many employees does Middlesex Water have? | As of today, Middlesex Water has over 395 employees. |
| Who is the CEO of Middlesex Water? | Middlesex Water's CEO is Nadine Duchemin-Leslie. |
| Is Middlesex Water publicly listed? | Yes, Middlesex Water is a public company listed on Nasdaq. |
| What is the stock symbol of Middlesex Water? | Middlesex Water trades under MSEX ticker. |
| When did Middlesex Water go public? | Middlesex Water went public in 1973. |
| Who are competitors of Middlesex Water? | Middlesex Water main competitors are XPLR Infrastructure, Unitil, Superior Plus, B.Grimm Power. |
| What is the current market cap of Middlesex Water? | Middlesex Water's current market cap is $954M. |
| What is the current revenue of Middlesex Water? | Middlesex Water's last 12 months revenue is $201M. |
| What is the current revenue growth of Middlesex Water? | Middlesex Water revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Middlesex Water? | Current revenue multiple of Middlesex Water is 6.8x. |
| Is Middlesex Water profitable? | Yes, Middlesex Water is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Middlesex Water? | Middlesex Water's last 12 months EBITDA is $83M. |
| What is Middlesex Water's EBITDA margin? | Middlesex Water's last 12 months EBITDA margin is 41%. |
| What is the current EV/EBITDA multiple of Middlesex Water? | Current EBITDA multiple of Middlesex Water is 16.5x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.