MSEX Middlesex Water Company - Common Stock
NASDAQ · Utilities · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 30, 2026
$53.56
· of 52w range
· above low
· to high
$44.1752w low
$62.1852w high
Market Cap (MRQ)
$1.01B
P/E (TTM)
20.7
EPS (TTM)
$2.59
Revenue (TTM)
$206M
your badges
52W Range
$44–$62
Analyst Rating
BUY
Price Target
$61
P/E
20.7
ROE
9.8%
Net Profit Margin
23.2%
Your badge strip is empty — pin a metric anywhere on this page.
MSEX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$53.56
Market Cap (MRQ)
$1.01B
P/E (TTM)
20.7
EPS (TTM)
$2.59
Revenue (TTM)
$206M
Div Yield
2.5%
ROE (TTM)
9.8%
Debt/Equity (MRQ)
0.8
52W Range
$44–$62
MSEX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Nov. 17, 2003 | 4-for-3 | Forward |
| Jan. 3, 2002 | 3-for-2 | Forward |
| Oct. 2, 1992 | 2-for-1 | Forward |
| Jan. 2, 1985 | 2-for-1 | Forward |
About Middlesex Water Company - Common Stock Company overview from Wikipedia
Middlesex Water Company is a water utility based in the U.S. state of New Jersey that was first incorporated in 1897. The company declared an annual net income of $33.8M, with a revenue of $135.5M for fiscal year 2019.
Services
The Middlesex Water Company provides regulated and non-regulated water related services in New Jersey and Delaware. These services include collecting, treating, distributing and selling water for domestic, commercial, municipal and industrial uses.
The company owns and operates regulated water utility and wastewater systems as well as operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. The company was awarded a $32 million contract to take responsibility for constructing and maintaining the water distribution system at Dover Air Force Base in Delaware for the next 50 years in September, 2013.
The company also operates regional affiliated service subsidiaries including Tidewater Utilities, Inc., Pinelands Water Company, Pinelands Wastewater Company, Twin Lakes Utilities, Inc., Utility Service Affiliates, Inc., Utility Service Affiliates (Perth Amboy) Inc., and Tidewater Environmental Systems, Inc. Tidewater's wholly owned subsidiaries include Southern Shores Water Company, LLC and White Marsh Environmental Systems, Inc. These companies are engaged in the business of helping small communities and real estate developers to address aging infrastructure issues as well as provide technical support for environmental regulations related to building and operating water distribution and treatment systems.
The company has two overall business segments:
Regulated: The regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey and Delaware. This segment also includes regulated wastewater systems in New Jersey and Delaware.
Non-Regulated: Non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware.
It is one of the few publicly held water utilities in the United States.
Awards
In 2019, Middlesex Water’s Jay Kooper Wins General Counsel of the Year.
In 2013, Middlesex Water Company was named a finalist in the 2013 NJBIZ Business of the Year awards program. Tidewater Utilities, Inc., was named “Top Workplaces 2013” for the fifth time.
In 2009, Middlesex Water Company was named one of America's Fastest Growing Publicly Traded Small Companies. In 2008, Middlesex Water was honored as one of America's Top 100 Most Trustworthy Companies for its transparent financial reporting and conservative corporate governance. The company also was voted Outstanding Green Business in 2008 by the Edison Chamber of Commerce for its commitment to renewable energy and various sustainability initiatives.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorUtilities
industryUtilities
employees395
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$195M2017-12-31 → 2025-12-31
EPS$2.362017-12-31 → 2025-12-31
Free Cash Flow·2022-12-31 → 2024-12-31
Net margin23.2%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | MSEX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 20.75Y avg ≈28.2 | ≈28.2 | 21.5 | Overvalued | |
| P/S (TTM) | 4.95Y avg ≈4.2 | ≈4.2 | 5.5 | Fair value | |
| P/B (MRQ) | 1.95Y avg ≈2.3 | ≈2.3 | 1.9 | Fair value | |
| EV / EBITDA | 25.95Y avg ≈21.0 | ≈21.0 | 14.3 | Overvalued | |
| Price / Cash Flow | 15.95Y avg ≈13.3 | ≈13.3 | 14.1 | Overvalued | |
| EV / Revenue | 7.25Y avg ≈6.8 | ≈6.8 | · | · | |
| Price / Tangible Book | 2.05Y avg ≈1.7 | ≈1.7 | · | · | |
| PEG Ratio | ≈12.9 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MSEX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 29.2%5Y avg ≈27.1% | ≈27.1% | 30.2% | In line | |
| EBITDA Margin | 27.9%5Y avg ≈35.8% | ≈35.8% | 34.4% | In line | |
| Pretax Margin (TTM) | 25.8%5Y avg ≈24.7% | ≈24.7% | 29.7% | In line | |
| Net Profit Margin (TTM) | 23.2%5Y avg ≈22.6% | ≈22.6% | 22.4% | Top tier | |
| ROA (TTM) | 3.5%5Y avg ≈3.4% | ≈3.4% | 3.1% | In line | |
| ROE (TTM) | 9.8%5Y avg ≈8.8% | ≈8.8% | 9.0% | In line | |
| ROIC | 5.4%5Y avg ≈6.5% | ≈6.5% | 5.8% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MSEX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.85Y avg ≈1.2 | ≈1.2 | 0.7 | High debt | |
| Current Ratio (MRQ) | 0.55Y avg ≈0.6 | ≈0.6 | 1.0 | Low liquidity | |
| Quick Ratio | 0.25Y avg ≈0.2 | ≈0.2 | 0.4 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.85Y avg ≈0.8 | ≈0.8 | 0.8 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MSEX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 1.5%5Y avg ≈8.2% | ≈8.2% | · | · | |
| Revenue CAGR 3Y | 6.3%5Y avg ≈7.4% | ≈7.4% | · | · | |
| Revenue CAGR 5Y | 6.6% | · | · | · | |
| EPS YoY | -4.5%5Y avg ≈6.2% | ≈6.2% | · | · | |
| Net Income YoY | -3.5%5Y avg ≈6.9% | ≈6.9% | · | · | |
| EPS CAGR 3Y | -0.42%5Y avg ≈-0.41% | ≈-0.41% | · | · | |
| EPS CAGR 5Y | 1.6% | · | · | · | |
| Net Income CAGR 3Y | 0.31%5Y avg ≈0.20% | ≈0.20% | · | · | |
| Net Income CAGR 5Y | 2.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MSEX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | 0.1 | In line | |
| Receivables Turnover | 10.25Y avg ≈10.2 | ≈10.2 | 12.4 | Weak | |
| Revenue / Employee | ≈$492.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield2.5%
Payout Ratio58.2%
Annualized Payout≈$1.44
5Y Div CAGR≈5.8%
Growth Streak≈37
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 17, 2026 | $0.36 | USD | ≈2.5% |
| May 15, 2026 | $0.36 | USD | ≈2.8% |
| Feb 17, 2026 | $0.36 | USD | ≈2.5% |
| Nov 17, 2025 | $0.36 | USD | ≈2.7% |
| Aug 15, 2025 | $0.34 | USD | ≈2.6% |
| May 15, 2025 | $0.34 | USD | ≈2.4% |
| Feb 18, 2025 | $0.34 | USD | ≈2.6% |
| Nov 15, 2024 | $0.34 | USD | ≈2.0% |
| Aug 15, 2024 | $0.33 | USD | ≈2.1% |
| May 14, 2024 | $0.33 | USD | ≈2.2% |
| Feb 14, 2024 | $0.33 | USD | ≈2.3% |
| Nov 15, 2023 | $0.33 | USD | ≈1.9% |
| Aug 10, 2023 | $0.31 | USD | ≈1.6% |
| May 11, 2023 | $0.31 | USD | ≈1.7% |
| Feb 13, 2023 | $0.31 | USD | ≈1.4% |
| Nov 15, 2022 | $0.31 | USD | ≈1.3% |
| Aug 11, 2022 | $0.29 | USD | ≈1.6% |
| May 12, 2022 | $0.29 | USD | ≈1.6% |
| Feb 11, 2022 | $0.29 | USD | ≈1.5% |
| Nov 15, 2021 | $0.29 | USD | ≈1.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-3.0%
Next Report
Oct 29, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $0.79 | $0.67 | 17.9% |
| March 31, 2026 | $0.57 | $0.58 | -2.0% | |
| Dec. 31, 2025 | $0.46 | $0.47 | -2.0% | |
| Sept. 30, 2025 | $0.77 | $0.86 | -10.8% | |
| June 30, 2025 | $0.60 | $0.68 | -12.2% | |
| March 31, 2025 | $0.53 | $0.58 | -8.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $195M | $192M | $166M | $162M | $143M | $141M | $134M | $138M | $131M | $133M | |
| Operating Expenses | $140M | $139M | $127M | $120M | $110M | $104M | $99M | $101M | $93M | $93M | |
| Operating Income | $54M | $53M | $39M | $47M | $33M | $37M | $36M | $37M | $38M | $40M | |
| Interest Expense | · | · | $13M | $9M | $8M | $7M | $7M | $7M | $6M | $5M | |
| Other Non-op | $6M | $11M | $4M | $5M | $3M | $363.0K | $-654.0K | $2M | $915.0K | $-1M | |
| Pretax Income | $48M | $51M | $33M | $46M | $31M | $34M | $31M | $33M | $34M | $34M | |
| Income Tax | $5M | $7M | $1M | $3M | $-5M | $-4M | $-3M | $924.0K | $11M | $12M | |
| Net Income | $43M | $44M | $32M | $42M | $37M | $38M | $34M | $32M | $23M | $23M | |
| EPS (Basic) | $2.36 | $2.48 | $1.77 | $2.40 | $2.08 | $2.19 | $2.02 | $1.97 | $1.39 | $1.39 | |
| EPS (Diluted) | $2.36 | $2.47 | $1.76 | $2.39 | $2.07 | $2.18 | $2.01 | $1.96 | $1.38 | $1.38 | |
| Shares (Basic) | 18,096,000 | 17,842,000 | 17,732,000 | 17,597,000 | 17,492 | 17,459 | 16,685,000 | 16,384 | 16,330,000 | 16,270,000 | |
| Shares (Diluted) | 18,137,000 | 17,946,000 | 17,847,000 | 17,712,000 | 17,607 | 17,574 | 16,829,000 | 16,540 | 16,486,000 | 16,426,000 | |
| EBITDA | $54M | $53M | $69M | $75M | $60M | $58M | $53M | $53M | $53M | $54M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3M | $4M | $2M | $4M | $4M | $4M | $2M | $4M | $5M | $4M | |
| Short-term Investments | · | · | · | · | · | · | · | $200.0K | $200.0K | $200.0K | |
| Receivables | $19M | $19M | $18M | $16M | $15M | $15M | $12M | $12M | $11M | $10M | |
| Prepaid Expense | $3M | $2M | $2M | $3M | $3M | $3M | $2M | $3M | $2M | $2M | |
| Current Assets | $42M | $43M | $109M | $37M | $34M | $34M | $29M | $31M | $29M | $27M | |
| Other Non-current Assets | $6M | $4M | $2M | $19.0K | $83.0K | $84.0K | $2M | $2M | $616.0K | $293.0K | |
| Total Assets | $1.37B | $1.26B | $1.24B | $1.07B | $1.02B | $976M | $910M | $768M | $661M | $620M | |
| Accounts Payable | $31M | $28M | $28M | $25M | $21M | $30M | $23M | $19M | $14M | $12M | |
| Accrued Liabilities | $3M | $3M | $3M | $3M | · | · | · | · | · | · | |
| Short-term Debt | $28M | $23M | $43M | $56M | $13M | $2M | $20M | $48M | $28M | $12M | |
| Current Liabilities | $94M | $83M | $104M | $118M | $57M | $57M | $65M | $94M | $65M | $47M | |
| Capital Leases | $2M | $2M | $3M | · | $4M | $5M | · | · | · | · | |
| Deferred Tax | $110M | $101M | $89M | $78M | $70M | $61M | $54M | $47M | $43M | $73M | |
| Other Non-current Liabilities | $229.0K | $344.0K | $592.0K | $919.0K | $1M | $1M | $3M | $3M | $1M | $1M | |
| Long-term Debt | $387M | $361M | $365M | $306M | $311M | $277M | $234M | $163M | $148M | $142M | |
| Total Debt | $415M | $735M | $409M | $363M | $326M | $282M | $258M | $209M | $174M | $153M | |
| Common Stock | $279M | $248M | $247M | $233M | $222M | $217M | $215M | $157M | $155M | $153M | |
| Retained Earnings | $215M | $197M | $176M | $167M | $146M | $129M | $109M | $91M | $74M | $65M | |
| Stockholders' Equity | $494M | $445M | $423M | $400M | $368M | $346M | · | · | · | · | |
| Liabilities + Equity | $1.37B | $1.26B | $1.24B | $1.07B | $1.02B | $976M | $910M | $768M | $661M | $620M | |
| Shares Outstanding | 18,521,000 | 17,887,000 | 17,821,000 | 17,642,000 | 17,522 | 17,473 | 17,434,000 | 16,403,000 | 16,352,000 | 16,296,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $32M | $28M | $29M | $27M | $27M | $21M | $17M | $16M | $15M | $14M | |
| Stock-based Comp | $1M | $2M | $2M | $2M | $1M | $1M | $637.0K | $1M | $840.0K | $829.0K | |
| Deferred Tax | · | · | $-6M | $-5M | $-11M | $-13M | $-12M | $-9M | $8M | $4M | |
| Other Non-cash | · | · | $-5M | $-5M | $-21M | $6M | $-4M | $5M | $-4M | $6M | |
| Operating Cash Flow | $63M | $59M | $53M | $61M | $33M | $53M | $36M | $46M | $43M | $47M | |
| CapEx | · | $75M | $90M | $91M | $79M | $106M | · | · | · | · | |
| Investing Cash Flow | $-101M | $-75M | $-90M | $-88M | $-79M | $-106M | $-89M | $-72M | $-50M | $-47M | |
| Debt Issued | $34M | $2M | $76M | $3M | $87M | $50M | $79M | $22M | $12M | $9M | |
| Net Debt Issued | $26M | $-5M | $58M | $-5M | $34M | $43M | $72M | $15M | $5M | $3M | |
| Stock Issued | $30M | $974.0K | $12M | $10M | $4M | $1M | $57M | $1M | $1M | $1M | |
| Stock Repurchased | · | $1M | $619.0K | · | · | · | · | · | · | · | |
| Net Stock Activity | $30M | $-494.0K | $11M | $10M | $4M | $1M | $57M | $1M | $1M | $1M | |
| Dividends Paid | $25M | $23M | $22M | $21M | $19M | $18M | $16M | $15M | $14M | $13M | |
| Financing Cash Flow | $39M | $18M | $36M | $27M | $39M | $16M | $94M | $25M | $10M | $714.0K | |
| Net Change in Cash | · | · | · | $295.0K | $-7M | $-36M | $41M | $-736.0K | $2M | $410.0K | |
| Taxes Paid | $2M | $3M | $3M | $3M | $3M | $3M | $10M | $5M | $3M | $6M | |
| Free Cash Flow | · | $-16M | $-37M | $-30M | · | · | · | · | · | · | |
| Levered FCF | · | · | $-50M | $-39M | · | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 27.9% | 27.7% | 23.6% | 29.2% | 23.2% | 26.5% | 26.4% | 26.9% | · | · | |
| Net Margin | 22.0% | 23.1% | 19.0% | 26.1% | 25.6% | 27.2% | 25.2% | 23.5% | · | · | |
| Pretax Margin | 24.5% | 26.7% | 19.6% | 28.1% | 21.7% | 24.2% | 22.9% | 24.2% | · | · | |
| EBITDA Margin | 27.9% | 27.7% | 41.3% | 46.1% | 42.0% | 41.2% | 39.2% | 38.4% | · | · | |
| ROA | 3.3% | 3.6% | 2.7% | 4.0% | 3.7% | 4.1% | 4.0% | 4.5% | 3.6% | 3.8% | |
| ROE | 9.0% | 10.0% | 7.5% | · | · | · | · | · | · | · | |
| ROIC | 5.4% | 3.9% | 4.6% | 12.1% | 12.0% | 14.8% | 15.2% | 17.3% | 14.9% | 17.5% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.4 | 0.5 | 1.0 | 0.3 | 0.6 | 0.6 | 0.4 | 0.3 | 0.5 | 0.6 | |
| Quick Ratio | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | |
| Debt / Equity | 0.8 | 1.7 | 1.0 | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.8 | 0.8 | 0.8 | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | 3.0 | 5.1 | 4.1 | 5.0 | 4.9 | 5.5 | 7.0 | 7.7 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | · | · | |
| Receivables Turnover | 10.2 | 10.4 | 9.7 | 10.4 | 9.6 | 10.7 | 11.4 | 12.2 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $26.67 | $24.89 | $23.74 | · | · | · | · | · | · | · | |
| Revenue / Share | $10.73 | $10.69 | $9308.62 | $9162.83 | $8.12 | $8048.77 | $7.99 | $8.34 | · | · | |
| Cash Flow / Share | $3.45 | $3.27 | $2957.47 | $3464.37 | $1.88 | $3036.02 | $2.14 | $2.77 | $2.60 | $2.87 | |
| Cash / Share | $0.15 | $0.24 | $0.13 | $216.98 | $0.20 | $0.26 | $0.13 | $0.23 | $0.30 | $0.24 | |
| Dividend / Share | · | $1.31 | $1.26 | $1.18 | $1.11 | · | · | · | · | · | |
| Dividend Paid / Share | $1.38 | $1.31 | $1.26 | $1.18 | $1.11 | $1.04 | $0.98 | $0.91 | $0.86 | $0.81 | |
| EPS (TTM) | $2.36 | $2.47 | $1.76 | $2.39 | $2.07 | $2.18 | $2.01 | $1.96 | $1.38 | $1.38 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 1.5% | 15.4% | 2.5% | 13.5% | 1.1% | · | · | · | · | · | |
| Revenue CAGR 3Y | 6.3% | 10.3% | 5.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.6% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -4.5% | 40.3% | -26.4% | 15.5% | -5.1% | · | · | · | · | · | |
| EPS CAGR 3Y | -0.42% | 6.1% | -6.9% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 1.6% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -3.5% | 40.7% | -25.7% | 16.1% | -4.9% | · | · | · | · | · | |
| Net Income CAGR 3Y | 0.31% | 6.7% | -6.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 2.2% | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 6.5% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $195M | $192M | $166M | $162M | $143M | $141M | $134M | $138M | $131M | $133M | |
| Net Income TTM | $43M | $44M | $32M | $42M | $37M | $38M | $34M | $32M | $23M | $23M | |
| Market Cap | $934M | $941M | $1.17B | $1M | $2.11B | $1.27B | $1.11B | $875M | $653M | $700M | |
| Enterprise Value | $1.35B | $1.67B | $1.58B | $361M | $2.43B | $1.54B | $1.36B | $1.08B | $821M | $848M | |
| P/E | 21.4 | 21.3 | 37.3 | 32.9 | 58.1 | 33.2 | 31.6 | 27.2 | 28.9 | 31.1 | |
| P/S | 4.8 | 4.9 | 7.0 | 0.0 | 14.7 | 9.0 | 8.2 | 6.3 | 5.0 | 5.3 | |
| P/B | 1.9 | 2.1 | 2.8 | · | · | · | · | · | · | · | |
| P / Tangible Book | 1.9 | 2.1 | 2.8 | 0.0 | 5.7 | 3.7 | · | · | · | · | |
| P / Cash Flow | 14.9 | 16.0 | 22.2 | 0.0 | 63.8 | 23.7 | 30.7 | 19.1 | 15.2 | 14.9 | |
| P / FCF | · | -59.2 | -31.3 | -0.0 | · | · | · | · | · | · | |
| EV / EBITDA | 24.8 | 31.4 | 22.9 | 4.8 | 40.5 | 26.5 | 25.9 | 20.4 | 15.4 | 15.7 | |
| EV / FCF | · | -105.2 | -42.1 | -12.0 | · | · | · | · | · | · | |
| EV / Revenue | 6.9 | 8.7 | 9.5 | 2.2 | 17.0 | 10.9 | 10.1 | 7.8 | 6.3 | 6.4 | |
| Dividend Yield | 2.7% | 2.5% | 1.9% | 1499.4% | 0.92% | 1.4% | 1.5% | 1.7% | 2.1% | 1.9% | |
| Earnings Yield | 4.7% | 4.7% | 2.7% | 3.0% | 1.7% | 3.0% | 3.2% | 3.7% | 3.5% | 3.2% | |
| Payout Ratio | 58.2% | 52.8% | 71.2% | 49.0% | 53.0% | 47.3% | 47.7% | 46.0% | 61.4% | 57.8% | |
| Annual Payout | $25M | $23M | $22M | $21M | $19M | $18M | $16M | $15M | $14M | $13M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56M | $49M | $47M | $54M | $49M | $44M | $47M | $55M | $49M | $40M | $39M | $47M | $43M | $38M | · | $48M | |
| Operating Expenses | $38M | $36M | $36M | $36M | $35M | $33M | $37M | $38M | $34M | $31M | $30M | $34M | $32M | $31M | $31M | $31M | |
| Operating Income | $18M | $13M | $11M | $18M | $14M | $12M | $11M | $18M | $15M | $10M | $8M | $13M | $11M | $7M | $8M | $17M | |
| Interest Expense | · | · | · | · | · | · | · | $3M | $4M | $3M | · | $4M | $3M | $3M | · | $2M | |
| Other Non-op | $2M | $1M | $2M | $1M | $1M | $1M | $2M | $2M | $2M | $5M | $928.0K | $936.0K | $1M | $898.0K | $1M | $1M | |
| Pretax Income | $17M | $12M | $9M | $15M | $12M | $11M | $9M | $16M | $14M | $12M | $6M | $11M | $10M | $7M | $7M | $16M | |
| Income Tax | $2M | $1M | $819.0K | $1M | $1M | $1M | $503.0K | $2M | $3M | $1M | $-102.0K | $746.0K | $-341.0K | $738.0K | $148.0K | $2M | |
| Net Income | $15M | $11M | $9M | $14M | $11M | $9M | $9M | $14M | $11M | $11M | $6M | $10M | $10M | $6M | $7M | $14M | |
| EPS (Basic) | $0.79 | $0.57 | $0.46 | $0.77 | $0.60 | $0.53 | $0.49 | $0.80 | $0.59 | $0.60 | $0.32 | $0.56 | $0.56 | $0.33 | $0.40 | $0.81 | |
| EPS (Diluted) | $0.79 | $0.57 | $0.46 | $0.77 | $0.60 | $0.53 | $0.49 | $0.80 | $0.59 | $0.59 | $0.32 | $0.56 | $0.55 | $0.33 | $0.41 | $0.81 | |
| Shares (Basic) | 18,707,000 | 18,545,000 | · | 18,123,000 | 17,962,000 | 17,890,000 | · | 17,838,000 | 17,829,000 | 17,819,000 | · | 17,758,000 | 17,713,000 | 17,652,000 | · | 17,628,000 | |
| Shares (Diluted) | 18,737,000 | 18,575,000 | · | 18,154,000 | 17,993,000 | 17,951,000 | · | 17,952,000 | 17,944,000 | 17,934,000 | · | 17,873,000 | 17,828,000 | 17,767,000 | · | 17,743,000 | |
| EBITDA | $18M | $13M | · | $18M | $14M | $12M | · | $18M | $15M | $16M | · | $13M | · | · | · | $17M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2M | $2M | $3M | $3M | $3M | · | $4M | $6M | $8M | $3M | · | $3M | $4M | $5M | · | $3M | |
| Receivables | $21M | $19M | $19M | $23M | $21M | $20M | $19M | $23M | $20M | $16M | · | $19M | $15M | $16M | · | $18M | |
| Prepaid Expense | $6M | $6M | $3M | $5M | $6M | $6M | $2M | $3M | $4M | $4M | · | $3M | $3M | $4M | · | $4M | |
| Current Assets | $52M | $47M | $42M | $50M | $50M | $46M | $43M | $52M | $121M | $111M | · | $136M | $41M | $40M | · | $41M | |
| Other Non-current Assets | $6M | $6M | $6M | $7M | $5M | $5M | $4M | · | $51.0K | $39.0K | · | $51.0K | $21.0K | $39.0K | · | $105.0K | |
| Total Assets | $1.42B | $1.39B | $1.37B | $1.34B | $1.32B | $1.28B | $1.26B | $1.23B | $1.27B | $1.25B | · | $1.24B | $1.13B | $1.10B | · | $1.06B | |
| Accounts Payable | $31M | $29M | $31M | $28M | $31M | $32M | $28M | $32M | $25M | $23M | · | $29M | $28M | $28M | · | $26M | |
| Accrued Liabilities | $3M | $3M | $3M | $3M | $3M | $2M | $3M | $2M | $3M | $3M | · | · | · | · | · | · | |
| Short-term Debt | · | $47M | $28M | $55M | $55M | $34M | $23M | $18M | $72M | $58M | · | $42M | $24M | $28M | · | $40M | |
| Current Liabilities | $105M | $120M | $94M | $118M | $121M | $101M | $83M | $80M | $135M | $117M | · | $121M | $88M | $96M | · | $93M | |
| Capital Leases | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | · | $3M | · | · | · | $4M | |
| Deferred Tax | $114M | $111M | $110M | $111M | $107M | $104M | $101M | $95M | $92M | $90M | · | $88M | $85M | $79M | · | · | |
| Other Non-current Liabilities | $172.0K | $195.0K | $229.0K | $261.0K | $286.0K | $308.0K | $344.0K | $437.0K | $420.0K | $498.0K | · | $681.0K | $758.0K | $837.0K | · | $1M | |
| Long-term Debt | $403M | $379M | $387M | $358M | $709M | $709M | $361M | $711M | $719M | $721M | · | $361M | $367M | $346M | · | $307M | |
| Total Debt | $403M | $426M | · | $413M | $764M | $743M | · | $729M | $791M | $779M | · | $404M | · | · | · | $349M | |
| Common Stock | $294M | $282M | $279M | $270M | $253M | $249M | $248M | $248M | $247M | $247M | · | $243M | $240M | $236M | · | $232M | |
| Retained Earnings | $227M | $219M | $215M | $213M | $205M | $200M | $197M | $194M | $186M | $181M | · | $176M | $172M | $168M | · | $166M | |
| Stockholders' Equity | $521M | $501M | $494M | $483M | $458M | $449M | $445M | $442M | $433M | $428M | $423M | $420M | $411M | $403M | $400M | · | |
| Liabilities + Equity | $1.42B | $1.39B | $1.37B | $1.34B | $1.32B | $1.28B | $1.26B | $1.23B | $1.27B | $1.25B | · | $1.24B | $1.13B | $1.10B | · | $1.06B | |
| Shares Outstanding | 18,843,000 | 18,577,000 | 18,521,000 | 18,337,000 | · | · | 17,887,000 | 17,855,000 | 17,829,000 | 17,814,000 | 17,821,000 | · | · | · | · | 17,638,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $7M | $8M | $9M | $9M | $8M | $8M | $8M | $7M | $7M | $6M | $7M | $8M | $7M | $7M | · | $7M | |
| Stock-based Comp | $766.0K | $401.0K | $118.0K | $161.0K | $569.0K | $389.0K | $310.0K | $155.0K | $2M | $-465.0K | $424.0K | $424.0K | $1M | $360.0K | $360.0K | $361.0K | |
| Deferred Tax | · | · | · | · | · | · | · | $-1M | $340.0K | $1M | · | $-2M | $-2M | $-611.0K | · | $-1M | |
| Other Non-cash | · | · | · | · | · | · | · | · | · | $-11M | · | · | · | · | · | · | |
| Operating Cash Flow | $16M | $12M | $18M | $12M | $18M | $14M | $21M | $19M | $11M | $7M | $13M | $11M | $13M | $16M | $17M | $17M | |
| CapEx | · | · | · | · | · | · | · | $21M | $14M | $14M | · | $22M | $26M | $25M | $25M | $27M | |
| Investing Cash Flow | $-33M | $-21M | $-25M | $-21M | $-36M | $-19M | $-25M | $-21M | $-14M | $-14M | $-17M | $-22M | $-26M | $-25M | $-25M | $-27M | |
| Debt Issued | $25M | $1M | $30M | $3M | $858.0K | $28.0K | $2M | $31.0K | $136.0K | $425.0K | $5M | $8M | $22M | $41M | $-1.0K | $376.0K | |
| Net Debt Issued | · | $-7M | · | · | · | $-2M | · | · | · | $-1M | · | · | · | · | · | · | |
| Stock Issued | $12M | $3M | $9M | $17M | $4M | $221.0K | $234.0K | $235.0K | $253.0K | $252.0K | $3M | $3M | $3M | $2M | $271.0K | $3M | |
| Stock Repurchased | · | · | · | · | $154.0K | $225.0K | · | $22.0K | $460.0K | $868.0K | · | · | · | · | · | · | |
| Net Stock Activity | · | $3M | · | · | · | $-4.0K | · | · | · | $-616.0K | · | · | · | · | · | · | |
| Dividends Paid | $7M | $7M | $7M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $5M | |
| Financing Cash Flow | $16M | $8M | $6M | $10M | $20M | $4M | $2M | $-394.0K | $8M | $8M | $4M | $10M | $12M | $10M | $9M | $8M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | · | · | · | $-485.0K | $1M | · | $-1M | |
| Taxes Paid | · | · | $693.0K | $336.0K | · | · | $756.0K | $2M | $678.0K | $74.0K | $246.0K | $2M | $-107.0K | $367.0K | $1M | $2M | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | $-8M | · | · | · | · | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-11M | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 32.4% | 26.9% | · | 32.7% | 28.2% | 26.1% | · | 31.8% | 31.2% | 24.4% | · | 27.5% | · | · | · | 34.8% | |
| Net Margin | 26.2% | 21.8% | · | 25.8% | 21.9% | 21.4% | · | 26.0% | 21.5% | 26.4% | · | 21.4% | · | · | · | 30.0% | |
| Pretax Margin | 29.4% | 24.4% | · | 28.4% | 24.7% | 24.0% | · | 29.2% | 28.4% | 29.5% | · | 23.0% | · | · | · | 34.1% | |
| EBITDA Margin | 32.4% | 26.9% | · | 32.7% | 28.2% | 26.1% | · | 31.8% | 31.2% | 39.1% | · | 27.5% | · | · | · | 34.8% | |
| ROA | 1.1% | 0.80% | · | 1.1% | 0.83% | 0.75% | · | 1.2% | 0.88% | 0.91% | · | 0.87% | · | · | · | 1.4% | |
| ROE | 3.0% | 2.2% | · | 3.0% | 2.4% | 2.2% | · | 3.3% | 2.5% | 2.6% | · | 2.7% | · | · | · | · | |
| ROIC | 1.8% | 1.3% | · | 1.8% | 1.0% | 0.86% | · | 1.3% | 0.95% | 0.73% | · | 1.5% | · | · | · | 4.2% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.5 | · | 0.7 | 0.9 | 0.9 | · | 1.1 | · | · | · | 0.4 | |
| Quick Ratio | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.4 | 0.2 | 0.2 | · | 0.2 | · | · | · | 0.2 | |
| Debt / Equity | 0.8 | 0.9 | · | 0.9 | 1.7 | 1.7 | · | 1.6 | 1.8 | 1.8 | · | 1.0 | · | · | · | · | |
| LT Debt / Equity | 0.8 | 0.7 | · | 0.7 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | 5.1 | 3.8 | 3.0 | · | 3.6 | · | · | · | 7.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | · | · | · | 0.0 | |
| Receivables Turnover | 2.7 | 2.5 | · | 2.4 | 2.4 | 2.5 | · | 2.6 | 2.8 | 2.6 | · | 2.5 | · | · | · | 2.7 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $27.65 | $26.97 | · | $26.32 | · | · | · | $24.75 | $24.28 | $24.01 | · | · | · | · | · | · | |
| Revenue / Share | $3.01 | $2.62 | · | $2.98 | $2.74 | $2.47 | · | $3.07 | $2.74 | $2.26 | · | $2.61 | · | · | · | $2688.16 | |
| Cash Flow / Share | · | $0.63 | · | · | · | $0.77 | · | · | · | $0.37 | · | · | · | · | · | · | |
| Cash / Share | $0.10 | $0.11 | · | $0.18 | · | · | · | $0.36 | $0.45 | $0.16 | · | · | · | · | · | $0.16 | |
| Dividend / Share | · | · | · | · | · | · | $0.34 | $0.33 | $0.33 | $0.33 | $0.33 | $0.31 | $0.31 | $0.31 | $0.31 | $0.29 | |
| Dividend Paid / Share | $0.36 | $0.36 | $0.36 | $0.34 | $0.34 | $0.34 | $0.34 | $0.33 | $0.33 | $0.33 | $0.33 | $0.31 | $0.31 | $0.31 | $0.31 | $0.29 | |
| EPS (TTM) | $2.59 | $2.40 | · | $2.39 | $2.42 | $2.41 | · | $2.30 | $2.06 | $2.02 | · | $1.85 | $2.09 | $2.04 | · | $2.40 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $206M | $199M | · | $195M | $196M | $196M | · | $183M | $175M | $169M | · | · | $168M | $162M | · | $157M | |
| Net Income TTM | $48M | $44M | · | $43M | $43M | $43M | · | $41M | $37M | $36M | · | $33M | $39M | $41M | · | $42M | |
| Market Cap | $1.06B | $967M | · | $992M | · | · | · | $1.16B | $932M | $935M | · | · | · | · | · | $1.36B | |
| Enterprise Value | $1.46B | $1.39B | · | $1.40B | · | · | · | $1.89B | $1.71B | $1.71B | · | · | · | · | · | $1.71B | |
| P/E | 21.7 | 21.7 | · | 22.6 | 22.4 | 26.6 | · | 28.4 | 25.4 | 26.0 | · | 35.8 | 38.6 | 38.3 | · | 32.2 | |
| P/S | 5.1 | 4.9 | · | 5.1 | · | · | · | 6.4 | 5.3 | 5.5 | · | · | · | · | · | 8.6 | |
| P/B | 2.0 | 1.9 | · | 2.1 | · | · | · | 2.6 | 2.2 | 2.2 | · | · | · | · | · | · | |
| P / Tangible Book | 2.0 | 1.9 | · | 2.1 | · | · | · | 2.6 | 2.2 | 2.2 | · | · | · | · | · | · | |
| P / Cash Flow | · | 82.4 | · | · | · | · | · | · | · | 140.6 | · | · | · | · | · | · | |
| EV / Revenue | 7.1 | 7.0 | · | 7.2 | · | · | · | 10.3 | 9.8 | 10.1 | · | · | · | · | · | 10.8 | |
| Dividend Yield | 2.5% | 2.6% | · | 2.5% | · | · | · | 2.0% | 2.5% | 2.4% | · | · | · | · | · | 1.5% | |
| Earnings Yield | 4.6% | 4.6% | · | 4.4% | 4.5% | 3.8% | · | 3.5% | 3.9% | 3.9% | · | 2.8% | 2.6% | 2.6% | · | 3.1% | |
| Payout Ratio | · | 62.9% | · | · | · | 64.1% | · | · | · | 53.7% | · | · | · | · | · | · | |
| Annual Payout | $26M | $26M | · | $24M | $24M | $24M | · | $23M | $23M | $23M | · | $22M | · | · | · | $20M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Revenue | $195M | $192M | $166M | $162M | · |
| Operating Margin % | 27.9% | 27.7% | 23.6% | 29.2% | · |
| Net Income | $43M | $44M | $32M | $42M | · |
| Diluted EPS | $2.36 | $2.47 | $1.76 | $2.39 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.8 | 1.7 | 1.0 | · | · |
| Current Ratio | 0.4 | 0.5 | 1.0 | 0.3 | · |
| Quick Ratio | 0.2 | 0.3 | 0.2 | 0.2 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Free Cash Flow | · | $-16M | $-37M | $-30M | · |
Institutional owners (13F) 240 filers · $854.9M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
240
Value held
$854.9M
New positions
31
Exited positions
21
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 31 (-11 vs prior Q) | 21 (+7 vs prior Q) | 91 (+19 vs prior Q) | 53 (-11 vs prior Q) | +636K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $176,031,301 | 3,134,461 | 20.59% | Shares |
| NEUBERGER BERMAN GROUP LLC | $90,084,403 | 1,604,067 | 10.54% | Shares |
| VANGUARD GROUP INC | $70,530,067 | 1,398,851 | 8.25% | Shares |
| MORGAN STANLEY | $61,871,750 | 1,101,704 | 7.24% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $45,058,460 | 802,323 | 5.27% | Shares |
| STATE STREET CORP | $44,829,158 | 798,240 | 5.24% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $28,855,513 | 513,809 | 3.38% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $28,117,777 | 500,555 | 3.29% | Shares |
| Legal & General Group Plc | $24,570,225 | 437,504 | 2.87% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $19,567,732 | 348,430 | 2.29% | Shares |
| Invesco Ltd. | $15,736,706 | 280,212 | 1.84% | Shares |
| Ledgewood Wealth Advisors, LLC | $14,265,530 | 254,016 | 1.67% | Shares |
| NORTHERN TRUST CORP | $12,509,472 | 222,747 | 1.46% | Shares |
| TSP Capital Management Group, LLC | $11,851,813 | 211,037 | 1.39% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $10,875,552 | 193,653 | 1.27% | Shares |
| Bank of New York Mellon Corp | $10,053,838 | 179,021 | 1.18% | Shares |
| Zimmer Partners, LP | $9,934,872 | 176,903 | 1.16% | Shares |
| Thematics Asset Management | $9,254,520 | 171,000 | 1.08% | Shares |
| TWO SIGMA INVESTMENTS, LP | $9,154,192 | 163,002 | 1.07% | Shares |
| MIROVA | $8,933,203 | 159,067 | 1.04% | Shares |
| FIRST MANHATTAN CO. LLC. | $7,953,604 | 141,624 | 0.93% | Shares |
| ProShare Advisors LLC | $7,360,666 | 131,066 | 0.86% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $6,913,464 | 123,103 | 0.81% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $6,223,258 | 110,813 | 0.73% | Shares |
| CRAMER ROSENTHAL MCGLYNN LLC | $6,076,063 | 108,192 | 0.71% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $6,038,886 | 107,530 | 0.71% | Shares |
| NUANCE INVESTMENTS, LLC | $4,820,229 | 85,830 | 0.56% | Shares |
| GOLDMAN SACHS GROUP INC | $4,757,201 | 84,708 | 0.56% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $4,696,149 | 83,621 | 0.55% | Shares |
| Public Sector Pension Investment Board | $3,591,769 | 63,956 | 0.42% | Shares |
| DEAN INVESTMENT ASSOCIATES, LLC | $3,366,848 | 59,951 | 0.39% | Shares |
| Nuveen, LLC | $3,206,745 | 57,101 | 0.38% | Shares |
| Penn Capital Management Company, LLC | $3,049,937 | 54,308 | 0.36% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $2,888,202 | 55,489 | 0.34% | Shares |
| Quantinno Capital Management LP | $2,872,402 | 51,146 | 0.34% | Shares |
| RHUMBLINE ADVISERS | $2,493,601 | 44,402 | 0.29% | Shares |
| Dean Capital Management | $2,445,375 | 43,543 | 0.29% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $2,409,938 | 42,912 | 0.28% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,270,942 | 40,437 | 0.27% | Shares |
| UBS Group AG | $2,219,050 | 39,513 | 0.26% | Shares |
| Swiss National Bank | $2,092,634 | 37,262 | 0.24% | Shares |
| AMERIPRISE FINANCIAL INC | $2,075,828 | 36,963 | 0.24% | Shares |
| D. E. Shaw & Co., Inc. | $2,032,711 | 36,195 | 0.24% | Shares |
| Baird Financial Group, Inc. | $1,677,948 | 29,878 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $1,668,850 | 29,716 | 0.20% | Shares |
| TD Asset Management Inc | $1,630,662 | 29,036 | 0.19% | Shares |
| NORTHSTAR ASSET MANAGEMENT INC | $1,570,650 | 27,967 | 0.18% | Shares |
| OPPENHEIMER & CO INC | $1,555,183 | 27,692 | 0.18% | Shares |
| JPMORGAN CHASE & CO | $1,431,006 | 25,540 | 0.17% | Shares |
| HighTower Advisors, LLC | $1,371,336 | 24,418 | 0.16% | Shares |
Company insiders 35 insiders · 15 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Nadine Duchemin-Leslie | President, CEO | April 1, 2026 A | 19,352 | 0 | 0 | $0 |
| Mohammed G. Zerhouni | SVP, CFO and Treasurer | April 1, 2026 A | 9,047 | 0 | 0 | $0 |
| Bruce A Oconnor | SVP, CFO and Treasurer | June 20, 2024 F | 24,265 | 0 | 0 | $0 |
| Robert K Fullagar | President-NJ Operations | April 1, 2026 F | 1,297 | 0 | 0 | $0 |
| Gerard L Esposito | President | Oct. 1, 2018 J | 8,597 | 0 | 0 | $0 |
| Gregory S Sorensen | VP, Chief Operating Officer | April 1, 2026 A | 4,983 | 0 | 0 | $0 |
| Richard M Risoldi | Sr. VP-Operations & COO | July 1, 2019 J | 24,490 | 0 | 0 | $0 |
| Lorrie Beth Ginegaw | VP, Human Resources | Aug. 7, 2026 S | 3,978 | 0 | 2 | $-68,528 |
| Robert John Capko | PAO & Controller | April 1, 2026 F | 83 | 0 | 1 | $-7,241 |
| Georgia M Simpson | VP-IT | April 1, 2026 F | 1,057 | 0 | 0 | $0 |
| Jay L Kooper | VP, Gen. Counsel & Secretary | April 1, 2026 F | 878 | 0 | 0 | $0 |
| Christian G. Andreasen Jr. | Vice President-Engineering | Jan. 31, 2025 F | 12,915 | 0 | 0 | $0 |
| Bernadette M Sohler | VP-Corporate Affairs | Dec. 31, 2024 F | 4,459 | 0 | 0 | $0 |
| Kenneth J Quinn | VP/Gen Coun/Secretary/Treas | Dec. 13, 2013 S | 0 | 0 | 0 | $0 |
| James P Garrett | Vice President-Human Resources | Oct. 3, 2011 J | 1,150 | 0 | 0 | $0 |
| Joshua Bershad | Director | Aug. 11, 2026 J | 223,798 | 0 | 0 | $0 |
| Vaughn L Mckoy | Director | April 1, 2026 A | 865 | 0 | 0 | $0 |
| Ann L. Noble | Director | April 1, 2026 A | 865 | 0 | 0 | $0 |
| Kim C Hanemann | Director | April 1, 2026 A | 3,367 | 0 | 0 | $0 |
| James F. Cosgrove Jr. | Director | April 1, 2026 A | 865 | 0 | 0 | $0 |
| Amy B. Mansue | Director | April 1, 2026 A | 865 | 0 | 0 | $0 |
| Steven M Klein | Director | April 1, 2026 A | 3,333 | 0 | 0 | $0 |
| Robert N Hoglund | Director | April 1, 2026 A | 865 | 1 | 0 | $108,620 |
| Walter G Reinhard | Director | April 1, 2026 A | 865 | 0 | 1 | $-16,563 |
| Dennis W Doll | Director | April 1, 2025 A | 20,077 | 0 | 0 | $0 |
| Jeffries Shein | Director | April 1, 2020 A | 582 | 0 | 0 | $0 |
| John R Middleton | Director | March 29, 2018 A | 5,656 | 0 | 0 | $0 |
| John C Cutting | Director | June 1, 2015 A | 685 | 0 | 0 | $0 |
| Richard J Tompkins | Director | June 1, 2011 A | 8,655 | 0 | 0 | $0 |
| Annette Catino | Director | June 1, 2010 A | 399 | 0 | 0 | $0 |
| John P Mulkerin | Director | June 1, 2010 A | 399 | 0 | 0 | $0 |
| Dennis G Sullivan | Director | Feb. 1, 2006 A | 2,224 | 0 | 0 | $0 |
| Stephen H Mundy | Director | Dec. 31, 2003 A | 2,929 | 0 | 0 | $0 |
| Ronald F Williams | · | Oct. 1, 2009 J | 11,966 | 0 | 0 | $0 |
| Marion F Reynolds | · | March 2, 2004 A | 10,819 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 44 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSCU · Invesco Exchange-Traded Fund Trust … | 1.03% | 2,817 SH | Oct. 2, 2026 | Daily |
| XSHD · Invesco Exchange-Traded Fund Trust … | 0.96% | 11,487 SH | Oct. 2, 2026 | Daily |
| CGW · Invesco Exchange-Traded Fund Trust … | 0.69% | 132,284 SH | Oct. 2, 2026 | Daily |
| PHO · Invesco Exchange-Traded Fund Trust | 0.19% | 68,656 SH | Oct. 2, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 11,207 NS | July 31, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.10% | 2,980 NS | July 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.07% | 16,239 SH | Aug. 19, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 0.07% | 127,292 SH | Aug. 19, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 0.07% | 28,295 NS | July 31, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.06% | 2,822 SH | Oct. 2, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.06% | 65,429 SH | Aug. 19, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.06% | 11,972 SH | Aug. 19, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.05% | 18,179 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.03% | 469,089 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 17,404 SH | Oct. 2, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 8,911 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 107,099 SH | Aug. 19, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.02% | 59,970 NS | July 31, 2026 | N-PORT |
| NFRA · FlexShares Trust | 0.02% | 9,210 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.02% | 2,616 SH | Sept. 10, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.01% | 4,522 SH | Oct. 2, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 215,302 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 1,108 SH | Sept. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 273 SH | Oct. 2, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 1,877 NS | July 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.00% | 530 SH | Sept. 24, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 21,598 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 6,704 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 978 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 5,379 SH | Sept. 3, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 23,290 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.00% | 2,388 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 42 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 568,743 SH | Aug. 19, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.00% | 105,231 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,655 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 1,139,249 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 95,877 SH | Sept. 9, 2026 | Daily |
| IJS · iShares Trust | · | 75,864 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 174,723 SH | Sept. 11, 2026 | Daily |
| IFRA · iShares Trust | · | 21,477 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 2,584 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 870 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 2,473 SH | Sept. 11, 2026 | Daily |
MSEX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 9 analysts
BUY
Median target
$61.00
+13.9%
3 33.3%
Strong Buy
4 44.4%
Buy
2 22.2%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-09-30Mean target $61.00 +13.9%
← Below all targets
Current price $53.56
Low$56.00
Mean$61.00
High$66.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MSEX | $934M | 21.4 | 1.5% | 22.0% | 9.0% | · |
| AWK | · | 22.9 | 10.1% | 21.7% | 10.3% | · |
| WTRG | · | 17.4 | 18.6% | 24.9% | 9.1% | · |
| AWR | $2.83B | 21.5 | 10.5% | 19.8% | 12.9% | · |
| CWT | $2.58B | 20.2 | 6.4% | 13.3% | 7.7% | · |
| HTO | $1.77B | 16.8 | 7.0% | 12.8% | 6.8% | · |
| YORW | $460M | 22.9 | 3.4% | 25.9% | 8.5% | · |
| ARTNA | · | 14.3 | 4.6% | · | · | · |
| CDZI | $467M | · | 69.8% | -209.4% | -116.1% | · |
| PCYO | $242M | 18.6 | -9.2% | 50.2% | 9.5% | 61.5% |
| GWRS | · | 76.8 | 5.8% | 5.3% | 3.6% | · |
Latest News Recent headlines mentioning this company
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 10-Q filed Jul 30, 2026