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 29 h ago 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

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	FCF	Total debt	Cash
2025	$113M	$23M	0.0%	24.6%	-$18M	$176M	$52000
2024	$108M	$20M	0.0%	24.2%	-$9M	$179M	$1M
2023	$99M	$17M	0.0%	22.7%	-$30M	$181M	$3M
2022	$99M	$18M	0.0%	24.2%	-$24M	$178M	$1M
2021	$91M	$17M	0.0%	24.5%	-$10M	$145M	$92000
2020	$88M	$17M	0.0%	25.3%	-$14M	$144M	$28000
2019	$84M	$15M	0.0%	23.8%	-$22M	$146M	$596000
2018	$80M	$14M	0.0%	23.6%	-$20M	$118M	$293000
2017	$82M	$14M	0.0%	23.8%	-$5M	$107M	$952000
2016	$79M	$13M	0.0%	23.8%	$2M	$104M	$226000
2015	—	$11M	—	—	$8M	$105M	$209000
2014	—	$10M	—	—	—	$106M	$243000
2013	—	$8M	—	—	-$166000	$107M	$422000
2012	—	$10M	—	—	$3M	$107M	$617000
2011	—	$7M	—	—	$3M	$108M	$311000

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$28M	$6M	0.0%	22.6%	-$5M	$183M	$4M
Dec '25	$28M	$4M	0.0%	20.6%	-$8M	$176M	$52000
Sep '25	$30M	$7M	0.0%	28.3%	-$3M	$175M	$705000
Jun '25	$29M	$6M	0.0%	27.5%	-$8M	$175M	$349000
Mar '25	$26M	$5M	0.0%	21.4%	$560000	$176M	$4M
Dec '24	$27M	$4M	0.0%	21.0%	-$8M	$179M	$1M
Sep '24	$29M	$7M	0.0%	29.5%	-$2M	$177M	$11M
Jun '24	$27M	$5M	0.0%	26.3%	-$3M	$177M	$6M
Mar '24	$25M	$4M	0.0%	19.2%	$4M	$178M	$10M
Dec '23	$25M	$3M	0.0%	22.5%	-$5M	$181M	$3M
Sep '23	$27M	$5M	0.0%	25.1%	-$8M	$176M	$6M
Jun '23	$25M	$4M	0.0%	24.6%	-$11M	$176M	$6M
Mar '23	$22M	$4M	0.0%	18.0%	-$6M	$176M	$115000
Dec '22	$25M	$2M	0.0%	16.9%	-$13M	$178M	$1M
Sep '22	$27M	$6M	0.0%	30.4%	-$2M	$174M	$108000
Jun '22	$25M	$5M	0.0%	27.4%	-$12M	$174M	$220000
Mar '22	$22M	$4M	0.0%	21.4%	$2M	$143M	$478000
Dec '21	$23M	$3M	0.0%	21.3%	$1M	$145M	$92000
Sep '21	$25M	$5M	0.0%	27.7%	-$5M	$143M	$610000
Jun '21	$22M	$5M	0.0%	27.1%	-$10M	$143M	$369000

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 15.0× (Jun '26).
The price-to-sales ratio has fallen from 5.8× (Mar '23) to 3.0× (Jun '26).
The dividend yield has risen from 1.8% (Mar '23) to 3.7% (Jun '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?

As of Jun '26, ARTESIAN RESOURCES CORP traded at a price-to-earnings ratio of about 15.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.