MSEX vs HROWL

Comparison between Middlesex Water Company (MSEX, Company) and Harrow, Inc. 8.625% Senior Notes due 2026 (HROWL, Company).

5-Year PerformanceHROWL has outperformed MSEX, delivering a return of +6.7% compared to -7.6%

MSEX vs HROWL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSEX(COMPANY)	HROWL(COMPANY)
Market Cap	$998M	$996M
Max Drawdown	61.90%	18.26%
Sharpe Ratio	-0.18	0.38
5Y Beta	-0.03	N/A
Industry	Utilities - Regulated Water	None
P/E Ratio	22.33	-169.17
Forward P/E	28.57	N/A
PEG Ratio	18.45	N/A
Dividend Yield	2.61%	8.57%
5Y Dividends CAGR	10.38%	N/A
5Y EPS CAGR	1.92%	N/A
Debt to Equity	75.71%	520.51%
Free Cash Flow Yield	6.07%	1.66%
P/S Ratio	5.04	3.98
P/B Ratio	2.00	21.34

Market Cap

Winner

MSEX

$998M

HROWL

$996M

Max Drawdown

MSEX

61.90%

Winner

HROWL

18.26%

Sharpe Ratio

MSEX

-0.18

Winner

HROWL

0.38

5Y Beta

MSEX

-0.03

HROWL

N/A

Industry

MSEX

Utilities - Regulated Water

HROWL

None

P/E Ratio

MSEX

22.33

Winner

HROWL

-169.17

Forward P/E

MSEX

28.57

HROWL

N/A

PEG Ratio

MSEX

18.45

HROWL

N/A

Dividend Yield

MSEX

2.61%

Winner

HROWL

8.57%

5Y Dividends CAGR

MSEX

10.38%

HROWL

N/A

5Y EPS CAGR

MSEX

1.92%

HROWL

N/A

Debt to Equity

Winner

MSEX

75.71%

HROWL

520.51%

Free Cash Flow Yield

Winner

MSEX

6.07%

HROWL

1.66%

P/S Ratio

MSEX

5.04

Winner

HROWL

3.98

P/B Ratio

Winner

MSEX

2.00

HROWL

21.34

MSEX vs HROWL - Historical Returns

Returns include dividend reinvestment.

Period	MSEX	HROWL
1 month	+2.68%	+0.00%
3 months	+2.66%	+0.00%
6 months	+1.17%	N/A
1 year	-4.69%	+3.72%
5 years(CAGR)	-7.62%	+6.67%
10 years(CAGR)	+5.14%	N/A
Max(CAGR)	+7.95%	+7.59%

Winner

MSEX

+2.68%

HROWL

+0.00%

Winner

MSEX

+2.66%

HROWL

+0.00%

MSEX

+1.17%

HROWL

N/A

MSEX

-4.69%

Winner

HROWL

+3.72%

5Y(CAGR)

MSEX

-7.62%

Winner

HROWL

+6.67%

10Y(CAGR)

MSEX

+5.14%

HROWL

N/A

Max(CAGR)

Winner

MSEX

+7.95%

HROWL

+7.59%

MSEX vs HROWL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSEX	HROWL
2026	+6.77%	+0.00%
2025	+0.70%	+7.87%
2024	-16.86%	+14.76%
2023	-16.67%	+9.61%
2022	-33.11%	-3.23%
2021	+71.90%	+9.96%
2020	+18.30%	N/A
2019	+24.64%	N/A
2018	+39.40%	N/A
2017	-1.19%	N/A
2016	+68.18%	N/A
2015	+20.07%	N/A
2014	+16.28%	N/A
2013	+8.61%	N/A
2012	+7.82%	N/A
2011	+4.70%	N/A
2010	+6.79%	N/A
2009	+6.64%	N/A
2008	-4.65%	N/A
2007	+4.85%	N/A
2006	+10.48%	N/A
2005	-4.36%	N/A
2004	-4.50%	N/A
2003	+30.48%	N/A
2002	-4.97%	N/A
2001	+10.20%	N/A
2000	+11.93%	N/A
1999	+2.54%	N/A

MSEX vs HROWL Drawdown Comparison

The maximum drawdown for MSEX was -60.52%, occurring on Apr 16, 2024. This drawdown has not yet recovered.

The maximum drawdown for HROWL was -10.16%, occurring on Jun 17, 2022. Recovery took 304 trading sessions.

The current MSEX drawdown is -51.79%. The current HROWL drawdown is -0.43%.

Rank	MSEX	HROWL
#1	-60.52% Dec 31, 2021 - Apr 16, 2024	-10.16% Jan 13, 2022 - Mar 31, 2023
#2	-41.83% Jul 28, 2005 - Dec 14, 2010	-9.02% Jul 20, 2023 - Jan 5, 2024
#3	-28.80% Feb 18, 2020 - Jun 3, 2020	-4.53% Apr 17, 2023 - Jun 27, 2023
#4	-25.61% Nov 24, 1999 - Dec 22, 2000	-2.18% Jun 11, 2021 - Jun 24, 2021
#5	-25.15% Nov 29, 2017 - Jul 19, 2018	-2.17% Jul 15, 2024 - Aug 8, 2024
#6	-24.96% May 3, 2002 - Jul 15, 2003	-2.14% Jul 27, 2021 - Oct 18, 2021
#7	-23.96% Dec 12, 2016 - Oct 11, 2017	-1.93% May 21, 2024 - Jun 4, 2024
#8	-23.95% Jul 5, 2016 - Dec 8, 2016	-1.86% Mar 14, 2024 - Mar 26, 2024
#9	-21.90% Apr 12, 2004 - Jul 12, 2005	-1.73% Feb 2, 2024 - Mar 12, 2024
#10	-20.49% Feb 8, 2021 - May 25, 2021	-1.69% Apr 15, 2024 - May 15, 2024
#11	-15.93% Dec 14, 2018 - Feb 22, 2019	-1.61% Oct 31, 2024 - Jan 6, 2025
#12	-15.16% Jun 15, 2020 - Nov 10, 2020	-1.54% Jul 12, 2021 - Jul 27, 2021
#13	-14.88% Jul 29, 2003 - Nov 12, 2003	-1.46% Mar 31, 2023 - Apr 6, 2023
#14	-12.71% Sep 8, 2021 - Dec 29, 2021	-1.43% Jan 12, 2024 - Feb 2, 2024
#15	-12.58% Jun 7, 2001 - Jan 17, 2002	-1.22% Aug 11, 2025 - Sep 8, 2025

Correlation

Correlation between MSEX and HROWL is -0.79 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.79

-101

Dividend Comparison (1999 - 2026)

MSEX vs HROWL dividend yield comparison.

Year	MSEX	HROWL
2026	1.36%	0.00%
2025	2.74%	6.32%
2024	2.50%	8.53%
2023	1.92%	9.00%
2022	1.50%	9.04%
2021	1.16%	2.01%
2020	1.44%	0.00%
2019	1.54%	0.00%
2018	1.71%	0.00%
2017	2.15%	0.00%
2016	1.88%	0.00%
2015	2.93%	0.00%
2014	3.31%	0.00%
2013	3.59%	0.00%
2012	3.80%	0.00%
2011	3.93%	0.00%
2010	3.94%	0.00%
2009	4.04%	0.00%
2008	4.08%	0.00%
2007	3.65%	0.00%
2006	3.64%	0.00%
2005	3.88%	0.00%
2004	3.50%	0.00%
2003	2.99%	0.00%
2002	4.03%	0.00%
2001	3.67%	0.00%
2000	3.63%	0.00%
1999	0.95%	0.00%