AWK vs MSEX
American Water Works Company, Inc. and Middlesex Water Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AWK | MSEX |
|---|---|---|
| Revenue | $5.1B | $194.7M |
| Net income | $1.1B | $42.8M |
| Gross margin | · | · |
| Net margin | 21.6% | 22.0% |
| Return on equity | 10.5% | 9.1% |
| Diluted EPS | $5.69 | $2.36 |
| Dividend / share | $3.31 | $1.38 |
| Payout ratio | 57.0% | 58.2% |
| Free cash flow | $-1.1B | · |
| Equity | $10.8B | $494.0M |
| Net debt / equity | 1.32× | 0.78× |
| Current ratio | 0.46× | 0.45× |
| Revenue CAGR 5y | 6.4% | 6.6% |
| Profit CAGR 5y | 9.4% | 2.2% |
AWK bills 26.4× the revenue of MSEX, and MSEX keeps more of each dollar of revenue as profit (22.0% against 21.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AWK | MSEX |
|---|---|---|
| FY2025 | $5.1B | $194.7M |
| FY2024 | $4.7B | $191.9M |
| FY2023 | $4.2B | $166.3M |
| FY2022 | $3.8B | $162.4M |
| FY2021 | $3.9B | $143.1M |
| FY2020 | $3.8B | $141.6M |
| FY2019 | $3.6B | $134.6M |
| FY2018 | $3.4B | $138.1M |
| FY2017 | $3.4B | $130.8M |
| FY2016 | $3.3B | $132.9M |
Bottom line
| Fiscal year | AWK | MSEX |
|---|---|---|
| FY2025 | $1.1B | $42.8M |
| FY2024 | $1.1B | $44.4M |
| FY2023 | $944.0M | $31.5M |
| FY2022 | $820.0M | $42.4M |
| FY2021 | $1.3B | $36.5M |
| FY2020 | $709.0M | $38.4M |
| FY2019 | $621.0M | $33.9M |
| FY2018 | $567.0M | $32.5M |
| FY2017 | $426.0M | $22.8M |
| FY2016 | $468.0M | $22.7M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$4,945,306,000 | AWK |
| FY2024 | +$4,492,123,000 | AWK |
| FY2023 | +$4,067,726,000 | AWK |
| FY2022 | +$3,629,566,000 | AWK |
| FY2021 | +$3,786,859,000 | AWK |
| FY2020 | +$3,635,408,000 | AWK |
| FY2019 | +$3,475,402,000 | AWK |
| FY2018 | +$3,301,923,000 | AWK |
| FY2017 | +$3,226,225,000 | AWK |
| FY2016 | +$3,169,094,000 | AWK |
| FY2015 | +$3,032,975,000 | AWK |
| FY2014 | +$2,893,861,000 | AWK |
| FY2013 | +$2,764,154,000 | AWK |
| FY2012 | +$2,743,547,000 | AWK |
| FY2011 | +$2,564,167,000 | AWK |
| FY2010 | +$2,452,300,000 | AWK |
| FY2009 | +$2,199,203,000 | AWK |
AWK has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.4 pp | MSEX |
| FY2024 | −0.7 pp | MSEX |
| FY2023 | +3.3 pp | AWK |
| FY2022 | −4.5 pp | MSEX |
| FY2021 | +6.6 pp | AWK |
| FY2020 | −8.4 pp | MSEX |
| FY2019 | −8.0 pp | MSEX |
| FY2018 | −7.1 pp | MSEX |
| FY2017 | −4.8 pp | MSEX |
| FY2016 | −2.9 pp | MSEX |
| FY2015 | −0.8 pp | MSEX |
| FY2014 | −1.7 pp | MSEX |
| FY2013 | −1.7 pp | MSEX |
| FY2012 | −0.5 pp | MSEX |
| FY2011 | −1.6 pp | MSEX |
| FY2010 | −3.5 pp | MSEX |
| FY2009 | −21.1 pp | MSEX |
The higher net margin has changed hands between AWK and MSEX over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AWK's net margin has been more volatile than MSEX's over the 17 comparable fiscal years — 8.4 percentage points of standard deviation against 5.1.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AWK and MSEX over these 17 fiscal years — AWK led in 2 and MSEX in 15.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AWK's return on equity has been more volatile than MSEX's over the 12 comparable fiscal years — 5.3 percentage points of standard deviation against 2.4.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AWK and MSEX over these 12 fiscal years — AWK led in 10 and MSEX in 2.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.