8-K Announcements
6May 7, 2026·SEC
May 6, 2026·SEC
Mar 13, 2026·SEC
Artesian Resources Corporation (ARTNA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Artesian Resources Corporation (ARTNA) stock price & volume — 10-year historical chart
Artesian Resources Corporation (ARTNA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Artesian Resources Corporation (ARTNA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.57vs $0.48+18.8% | $28Mvs $27M+2.9% |
| Q2 2026 | Mar 12, 2026 | $0.40vs $0.37+8.1% | $28Mvs $28M+0.1% |
| Q4 2025 | Oct 30, 2025 | $0.68vs $0.66+3.0% | $30Mvs $28M+8.9% |
| Q3 2025 | Aug 4, 2025 | $0.61vs $0.56+8.9% | $29Mvs $30M-4.8% |
Artesian Resources Corporation (ARTNA) competitors in Regulated Water and Wastewater Utilities — business model, growth, and fundamentals comparison
Artesian Resources Corporation (ARTNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Artesian Resources Corporation (ARTNA) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 82.23M | 80.41M | 83.59M | 88.14M | 90.86M | 98.9M | 98.86M | 107.95M | 112.94M |
Revenue Growth % | 3.98% | -2.22% | 3.96% | 5.44% | 3.08% | 8.85% | -0.04% | 9.2% | 4.62% |
Cost of Revenue | 41.05M | 41.21M | 42.5M | 43.62M | 45.36M | 50.62M | 50.63M | 54.54M | 70.93M |
Gross Profit | 41.18M▲ 0% | 39.2M▼ 4.8% | 41.09M▲ 4.8% | 44.53M▲ 8.4% | 45.5M▲ 2.2% | 48.27M▲ 6.1% | 48.23M▼ 0.1% | 53.41M▲ 10.8% | 42.01M▼ 21.4% |
Gross Margin % | 50.08% | 48.75% | 49.15% | 50.52% | 50.08% | 48.81% | 48.78% | 49.48% | 37.2% |
Gross Profit Growth % | 0.86% | -4.81% | 4.82% | 8.36% | 2.19% | 6.09% | -0.1% | 10.75% | -21.35% |
Operating Expenses | 14.29M | 15.26M | 21.17M | 22.23M | 23.21M | 24.37M | 25.78M | 27.26M | 6.4M |
Other Operating Expenses | - | - | - | - | - | - | - | - | - |
EBITDA | 29.16M | 29.24M | 30.73M | 33.44M | 34.18M | 36.53M | 35.78M | 39.78M | 49.42M |
EBITDA Margin % | 35.45% | 36.37% | 36.76% | 37.94% | 37.62% | 36.93% | 36.19% | 36.85% | 43.76% |
EBITDA Growth % | 4.1% | 0.3% | 5.08% | 8.82% | 2.22% | 6.87% | -2.04% | 11.18% | 24.23% |
Depreciation & Amortization | 9.55M | 10.29M | 10.8M | 11.14M | 11.88M | 12.62M | 13.34M | 13.63M | 13.81M |
D&A / Revenue % | 11.62% | 12.79% | 12.92% | 12.64% | 13.08% | 12.76% | 13.49% | 12.63% | 12.22% |
Operating Income (EBIT) | 19.6M▲ 0% | 18.95M▼ 3.3% | 19.93M▲ 5.1% | 22.3M▲ 11.9% | 22.29M▼ 0.0% | 23.91M▲ 7.2% | 22.45M▼ 6.1% | 26.15M▲ 16.5% | 35.61M▲ 36.2% |
Operating Margin % | 23.83% | 23.57% | 23.84% | 25.29% | 24.54% | 24.17% | 22.7% | 24.22% | 31.53% |
Operating Income Growth % | 4.15% | -3.29% | 5.12% | 11.89% | -0% | 7.23% | -6.11% | 16.51% | 36.18% |
Interest Expense | 6.18M | 6.25M | 7.02M | 7.62M | 7.59M | 8.5M | 9.16M | 8.78M | 8.69M |
Interest Coverage | 4.35x | 3.83x | 3.86x | 3.67x | 3.69x | 3.50x | 3.14x | 4.16x | 4.10x |
Interest / Revenue % | 7.51% | 7.78% | 8.4% | 8.64% | 8.36% | 8.6% | 9.26% | 8.13% | 7.69% |
Non-Operating Income | 1000K | 314K | 181K | 206K | 270K | -30K | 601K | 1000K | -1000K |
Pretax Income | 21.28M▲ 0% | 19.27M▼ 9.4% | 20.11M▲ 4.3% | 22.5M▲ 11.9% | 22.56M▲ 0.3% | 23.88M▲ 5.8% | 23.05M▼ 3.5% | 27.71M▲ 20.2% | 30.65M▲ 10.6% |
Pretax Margin % | 25.87% | 23.96% | 24.05% | 25.53% | 24.83% | 24.14% | 23.31% | 25.67% | 27.14% |
Income Tax | 7.29M | 4.99M | 5.18M | 5.68M | 5.74M | 5.88M | 6.35M | 7.32M | 7.83M |
Effective Tax Rate % | 34.28% | 25.9% | 25.77% | 25.26% | 25.43% | 24.62% | 27.54% | 26.4% | 25.55% |
Net Income | 13.98M▲ 0% | 14.28M▲ 2.1% | 14.93M▲ 4.5% | 16.82M▲ 12.7% | 16.83M▲ 0.1% | 18M▲ 7.0% | 16.7M▼ 7.2% | 20.39M▲ 22.1% | 22.82M▲ 11.9% |
Net Margin % | 17% | 17.76% | 17.85% | 19.08% | 18.52% | 18.2% | 16.89% | 18.89% | 20.21% |
Net Income Growth % | 7.94% | 2.11% | 4.53% | 12.68% | 0.06% | 6.96% | -7.22% | 22.13% | 11.91% |
EPS (Diluted) | 1.51▲ 0% | 1.54▲ 2.0% | 1.60▲ 3.9% | 1.79▲ 11.9% | 1.79▲ 0.0% | 1.90▲ 6.1% | 1.67▼ 12.1% | 1.98▲ 18.6% | 2.21▲ 11.6% |
EPS Growth % | 7.09% | 1.99% | 3.9% | 11.88% | 0% | 6.15% | -12.11% | 18.56% | 11.62% |
EPS (Basic) | 1.52 | 1.55 | 1.61 | 1.80 | 1.79 | 1.90 | 1.67 | 1.98 | 2.21 |
Diluted Shares Outstanding | 9.24M | 9.29M | 9.33M | 9.37M | 9.43M | 9.48M | 10.02M | 10.3M | 10.31M |
Artesian Resources Corporation (ARTNA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 494.64M | 529.83M | 561.09M | 593.22M | 625.31M | 720.3M | 766.83M | 798.62M | 851.23M |
Asset Growth % | 9.68% | 7.11% | 5.9% | 5.73% | 5.41% | 15.19% | 6.46% | 4.15% | 6.59% |
PP&E (Net) | 464.38M | 502.53M | 535.01M | 563.82M | 594.63M | 672.24M | 718.48M | 751.2M | 801.69M |
PP&E / Total Assets % | 93.88% | 94.85% | 95.35% | 95.04% | 95.09% | 93.33% | 93.69% | 94.06% | 94.18% |
Total Current Assets | 18.98M | 16.12M | 14.21M | 17.62M | 18.66M | 27.8M | 30.62M | 24.53M | 21.42M |
Cash & Equivalents | 952K | 293K | 596K | 28K | 92K | 1.31M | 2.5M | 1.15M | 52K |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Inventory | 1.52M | 1.46M | 1.26M | 1.53M | 1.93M | 4.7M | 5.98M | 4.28M | 0 |
Other Current Assets | 2.04M | 2.12M | 2.25M | 2.21M | 2.65M | 2.88M | 3.3M | 3.09M | 9.2M |
Long-Term Investments | 3.36M | 3.61M | 3.97M | 4.37M | 4.85M | 10.34M | 8.38M | 6.42M | 9.48M |
Goodwill | 0 | 0 | 0 | 623K | 0 | 1.94M | 1.94M | 1.94M | 1.94M |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | -42.87M | -43.87M | 7.18M | -43.53M | 6.57M | 7.47M | 7.42M | 14.53M | 16.69M |
Total Liabilities | 348M | 376.58M | 400.82M | 423.79M | 447.3M | 532.37M | 536.43M | 559.43M | 601.31M |
Total Debt | 116.54M | 133.53M | 153.85M | 171.34M | 172.03M | 198.31M | 181.06M | 179.11M | 182.65M |
Net Debt | 115.59M | 133.24M | 153.25M | 171.31M | 171.94M | 197M | 178.56M | 177.96M | 182.59M |
Long-Term Debt | 105.59M | 115.86M | 144.16M | 142.33M | 143.26M | 175.62M | 178.31M | 176.51M | 174.28M |
Short-Term Borrowings | 11.26M | 17.78M | 9.24M | 28.57M | 28.33M | 22.22M | 2.24M | 2.2M | 7.96M |
Capital Lease Obligations | 0 | 0 | 450K | 537K | 440K | 466K | 512K | 412K | 407K |
Total Current Liabilities | 28.46M | 37.73M | 25.6M | 43.72M | 47.21M | 44.07M | 22.41M | 25.59M | 33.72M |
Accounts Payable | 8.85M | 8.19M | 8.18M | 6.34M | 10.21M | 10.93M | 9.7M | 11.23M | 14.02M |
Accrued Expenses | 4.69M | 4.69M | 0 | 4.34M | 0 | 0 | 5.79M | 6.27M | 0 |
Deferred Revenue | 969K | 1.04M | 0 | 2.06M | 0 | 0 | 2.98M | 3.35M | 0 |
Other Current Liabilities | 2.69M | 7.07M | 7.84M | 2.07M | 8.67M | 10.91M | 1.69M | 2.05M | 11.35M |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Liabilities | 213.95M | 222.99M | 177.15M | 186.52M | 202.21M | 256.71M | 276.41M | 304.25M | 337.75M |
Total Equity | 146.64M▲ 0% | 153.25M▲ 4.5% | 160.27M▲ 4.6% | 169.43M▲ 5.7% | 178.01M▲ 5.1% | 187.93M▲ 5.6% | 230.4M▲ 22.6% | 239.19M▲ 3.8% | 249.92M▲ 4.5% |
Equity Growth % | 5.48% | 4.51% | 4.58% | 5.71% | 5.07% | 5.57% | 22.6% | 3.82% | 4.49% |
Shareholders Equity | 146.64M | 153.25M | 160.27M | 169.43M | 178.01M | 187.93M | 230.4M | 239.19M | 249.92M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 9.21M | 9.25M | 9.29M | 9.36M | 9.41M | 9.5M | 10.29M | 10.3M | 10.32M |
Additional Paid-in Capital | 99.53M | 100.64M | 101.81M | 103.46M | 104.99M | 107.14M | 143.37M | 143.92M | 144.49M |
Retained Earnings | 37.9M | 43.36M | 49.16M | 56.61M | 63.61M | 71.29M | 76.74M | 84.97M | 95.11M |
Accumulated OCI | -117.56M | -126.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 2.96% | 2.79% | 2.74% | 2.91% | 2.76% | 2.68% | 2.25% | 2.61% | 2.77% |
Return on Equity (ROE) | 9.79% | 9.52% | 9.52% | 10.2% | 9.69% | 9.84% | 7.98% | 8.69% | 9.33% |
Debt / Equity | 0.79x | 0.87x | 0.96x | 1.01x | 0.97x | 1.06x | 0.79x | 0.75x | 0.73x |
Debt / Assets | 23.56% | 25.2% | 27.42% | 28.88% | 27.51% | 27.53% | 23.61% | 22.43% | 21.46% |
Net Debt / EBITDA | 3.96x | 4.56x | 4.99x | 5.12x | 5.03x | 5.39x | 4.99x | 4.47x | 3.69x |
Book Value per Share | 15.87 | 16.49 | 17.19 | 18.08 | 18.88 | 19.82 | 22.99 | 23.23 | 24.24 |
Artesian Resources Corporation (ARTNA) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 35.78M | 29.14M | 18.87M | 20.36M | 31.31M | 24.27M | 31.85M | 36.82M | 40.35M |
Operating CF Growth % | 20.15% | -18.55% | -35.25% | 7.89% | 53.8% | -22.5% | 31.26% | 15.61% | 9.57% |
Operating CF / Revenue % | 43.51% | 36.24% | 22.57% | 23.1% | 34.46% | 24.54% | 32.22% | 34.11% | 35.72% |
Net Income | 13.98M | 14.28M | 14.93M | 16.82M | 16.83M | 18M | 16.7M | 20.39M | 22.82M |
Depreciation & Amortization | 9.55M | 10.29M | 10.8M | 11.14M | 11.88M | 12.62M | 13.34M | 13.63M | 13.81M |
Deferred Taxes | 8.21M | 899K | -2.81M | -1.96M | 2.8M | 2.28M | 3.81M | 564K | 0 |
Other Non-Cash Items | -227K | -427K | -886K | -781K | -556K | -894K | -796K | -549K | 30K |
Working Capital Changes | 3.84M | 3.91M | -3.34M | -5.04M | 158K | -7.89M | -1.45M | 2.57M | 3.44M |
Capital Expenditures | -41.09M | -49.05M | -40.68M | -34.28M | -40.81M | -48.48M | -62.18M | -45.94M | -58.84M |
CapEx / Revenue % | 49.97% | 61% | 48.66% | 38.89% | 44.92% | 49.02% | 62.89% | 42.56% | 52.1% |
CapEx / D&A | 4.30x | 4.77x | 3.77x | 3.08x | 3.43x | 3.84x | 4.66x | 3.37x | 4.26x |
CapEx Coverage (OCF/CapEx) | 0.87x | 0.59x | 0.46x | 0.59x | 0.77x | 0.50x | 0.51x | 0.80x | 0.69x |
Cash from Investing | -41.01M | -49M | -40.63M | -39.97M | -40.72M | -54.76M | -62.08M | -45.32M | -58.72M |
Acquisitions | 87K | 49K | 51K | -5.74M | 90K | -6.34M | 0 | 0 | 129K |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 87K | 49K | 0 | 46K | 0 | 65K | 99K | 623K | 0 |
Cash from Financing | 5.95M | 19.2M | 22.06M | 19.05M | 9.48M | 31.71M | 31.42M | 7.14M | 17.27M |
Dividends Paid | -8.5M | -8.82M | -9.12M | -9.38M | -9.83M | -10.32M | -11.24M | -12.17M | -12.68M |
Dividend Payout Ratio % | 60.76% | 61.77% | 61.12% | 55.75% | 58.39% | 57.33% | 67.32% | 59.66% | 55.55% |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K |
Stock Issued | 1.71M | 956K | 1.03M | 1.54M | 1.39M | 2.09M | 37.07M | 347K | 342K |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 13.19M | 11.04M | 11.35M | 9.25M | 15.8M | 16.3M | 22.52M | 20.44M | 26.09M |
Net Change in Cash | 726K▲ 0% | -659K▼ 190.8% | 303K▲ 146.0% | -568K▼ 287.5% | 64K▲ 111.3% | 1.22M▲ 1801.6% | 1.2M▼ 1.7% | -1.36M▼ 213.5% | -1.09M▲ 19.4% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 226K | 952K | 293K | 596K | 28K | 92K | 1.31M | 2.5M | 1.15M |
Cash at End | 952K | 293K | 596K | 28K | 92K | 1.31M | 2.5M | 1.15M | 52K |
Free Cash Flow | -5.32M▲ 0% | -19.91M▼ 274.6% | -21.81M▼ 9.5% | -13.92M▲ 36.2% | -9.5M▲ 31.7% | -24.22M▼ 154.8% | -30.33M▼ 25.2% | -9.12M▲ 69.9% | -18.5M▼ 102.9% |
FCF Growth % | -447.84% | -274.64% | -9.52% | 36.17% | 31.72% | -154.82% | -25.22% | 69.93% | -102.86% |
FCF Margin % | -6.46% | -24.76% | -26.09% | -15.79% | -10.46% | -24.49% | -30.68% | -8.45% | -16.38% |
FCF / Net Income % | -38.01% | -139.46% | -146.11% | -82.77% | -56.48% | -134.56% | -181.6% | -44.71% | -81.06% |
Artesian Resources Corporation (ARTNA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.55% | 9.79% | 9.52% | 9.52% | 10.2% | 9.69% | 9.84% | 7.98% | 8.69% | 9.33% |
EBITDA Margin | 35.41% | 35.45% | 36.37% | 36.76% | 37.94% | 37.62% | 36.93% | 36.19% | 36.85% | 43.76% |
Net Debt / EBITDA | 3.95x | 3.96x | 4.56x | 4.99x | 5.12x | 5.03x | 5.39x | 4.99x | 4.47x | 3.69x |
Interest Coverage | 4.09x | 4.35x | 3.83x | 3.86x | 3.67x | 3.69x | 3.50x | 3.14x | 4.16x | 4.10x |
CapEx / Revenue | 35.72% | 49.97% | 61% | 48.66% | 38.89% | 44.92% | 49.02% | 62.89% | 42.56% | 52.1% |
Dividend Payout Ratio | 63.15% | 60.76% | 61.77% | 61.12% | 55.75% | 58.39% | 57.33% | 67.32% | 59.66% | 55.55% |
Debt / Equity | 0.80x | 0.79x | 0.87x | 0.96x | 1.01x | 0.97x | 1.06x | 0.79x | 0.75x | 0.73x |
EPS Growth | 11.9% | 7.09% | 1.99% | 3.9% | 11.88% | 0% | 6.15% | -12.11% | 18.56% | 11.62% |
Artesian Resources Corporation (ARTNA) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
May 6, 2026·SEC
Mar 13, 2026·SEC
Artesian Resources Corporation (ARTNA) stock FAQ — growth, dividends, profitability & financials explained
Artesian Resources Corporation (ARTNA) reported $112.9M in revenue for fiscal year 2025. This represents a 440% increase from $20.9M in 1996.
Artesian Resources Corporation (ARTNA) grew revenue by 4.6% over the past year. Growth has been modest.
Yes, Artesian Resources Corporation (ARTNA) is profitable, generating $22.8M in net income for fiscal year 2025 (20.2% net margin).
Yes, Artesian Resources Corporation (ARTNA) pays a dividend with a yield of 3.81%. This makes it attractive for income-focused investors.
Artesian Resources Corporation (ARTNA) has a return on equity (ROE) of 9.3%. This is below average, suggesting room for improvement.
Artesian Resources Corporation (ARTNA) generated $3.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Artesian Resources Corporation (ARTNA) has a dividend payout ratio of 56%. This suggests the dividend is well-covered and sustainable.