ARTNA Financials ARTESIAN RESOURCES CORP

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 16, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 5.1% per year over the past 5 years.
Net income has grown faster than revenue (6.3% vs 5.1% per year).
Operating margin has been roughly flat, at 24.6% in the latest year.

Financial health

Total debt ($176M) exceeds cash ($52000); net debt is $176M.
Total debt has grown in line with revenue (4.1% vs 5.1% per year).
Operating income covered interest expense 3.2× in the latest year, up from 2.9× 5 years ago.
Total debt is 4.2× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 55.5% of earnings.
The dividend has grown 6.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$113M	$23M	0.0%	24.6%	9.1%	2.7%	-$18M	$176M	$52000
2024	$108M	$20M	0.0%	24.2%	8.5%	2.6%	-$9M	$179M	$1M
2023	$99M	$17M	0.0%	22.7%	7.2%	2.2%	-$30M	$181M	$3M
2022	$99M	$18M	0.0%	24.2%	9.6%	2.5%	-$24M	$178M	$1M
2021	$91M	$17M	0.0%	24.5%	9.5%	2.7%	-$10M	$145M	$92000
2020	$88M	$17M	0.0%	25.3%	9.9%	2.8%	-$14M	$144M	$28000
2019	$84M	$15M	0.0%	23.8%	9.3%	2.7%	-$22M	$146M	$596000
2018	$80M	$14M	0.0%	23.6%	9.3%	2.7%	-$20M	$118M	$293000
2017	$82M	$14M	0.0%	23.8%	9.5%	2.8%	-$5M	$107M	$952000
2016	$79M	$13M	0.0%	23.8%	9.3%	2.9%	$2M	$104M	$226000
2015	—	$11M	—	—	8.5%	2.6%	$8M	$105M	$209000
2014	—	$10M	—	—	7.6%	2.3%	—	$106M	$243000
2013	—	$8M	—	—	6.8%	2.1%	-$166000	$107M	$422000
2012	—	$10M	—	—	8.3%	2.5%	$3M	$107M	$617000
2011	—	$7M	—	—	6.0%	1.8%	$3M	$108M	$311000

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$31M	$7M	0.0%	28.1%	2.6%	0.7%	-$3M	$183M	$10M
Mar '26	$28M	$6M	0.0%	22.6%	2.3%	0.7%	-$5M	$183M	$4M
Dec '25	$28M	$4M	0.0%	20.6%	1.7%	0.5%	-$8M	$176M	$52000
Sep '25	$30M	$7M	0.0%	28.3%	2.8%	0.8%	-$3M	$175M	$705000
Jun '25	$29M	$6M	0.0%	27.5%	2.6%	0.8%	-$8M	$175M	$349000
Mar '25	$26M	$5M	0.0%	21.4%	2.2%	0.7%	$560000	$176M	$4M
Dec '24	$27M	$4M	0.0%	21.0%	1.6%	0.5%	-$8M	$179M	$1M
Sep '24	$29M	$7M	0.0%	29.5%	2.9%	0.9%	-$2M	$177M	$11M
Jun '24	$27M	$5M	0.0%	26.3%	2.3%	0.7%	-$3M	$177M	$6M
Mar '24	$25M	$4M	0.0%	19.2%	1.9%	0.6%	$4M	$178M	$10M
Dec '23	$25M	$3M	0.0%	22.5%	1.5%	0.5%	-$5M	$181M	$3M
Sep '23	$27M	$5M	0.0%	25.1%	2.2%	0.7%	-$8M	$176M	$6M
Jun '23	$25M	$4M	0.0%	24.6%	2.0%	0.6%	-$11M	$176M	$6M
Mar '23	$22M	$4M	0.0%	18.0%	2.0%	0.5%	-$6M	$176M	$115000
Dec '22	$25M	$2M	0.0%	16.9%	1.2%	0.3%	-$13M	$178M	$1M
Sep '22	$27M	$6M	0.0%	30.4%	3.3%	0.9%	-$2M	$174M	$108000
Jun '22	$25M	$5M	0.0%	27.4%	2.8%	0.7%	-$12M	$174M	$220000
Mar '22	$22M	$4M	0.0%	21.4%	2.5%	0.6%	$2M	$143M	$478000
Dec '21	$23M	$3M	0.0%	21.3%	1.7%	0.5%	$1M	$145M	$92000
Sep '21	$25M	$5M	0.0%	27.7%	2.9%	0.8%	-$5M	$143M	$610000

Valuation over time

How the market has priced ARTNA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 31.7× (Mar '23) to 15.4× (Nov '26).
The price-to-sales ratio has fallen from 5.8× (Mar '23) to 3.1× (Nov '26).
The dividend yield has risen from 1.8% (Mar '23) to 3.6% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ARTNA growing its revenue and profit?

Over the past 5 years, ARTESIAN RESOURCES CORP's revenue has grown 5.1% per year, and net income grown 6.3% per year. These are computed facts, not advice.

How much debt does ARTNA have?

As of FY2025, ARTESIAN RESOURCES CORP reported $176M of total debt against $52000 of cash; operating income covered interest expense 3.2×.

What is ARTNA's profit margin?

In FY2025, gross margin was —, operating margin 24.6%, and net margin 20.2%.

What is ARTNA's P/E ratio?

ARTESIAN RESOURCES CORP's P/E (TTM) is 14.90 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ARTNA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 15.4× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.