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ARTESIAN RESOURCES CORP

ARTNA

$33.38 ▼ -0.70 (-2.04%) at close

18 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

ARTESIAN RESOURCES CORP shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $344.1M

Dividend Yield 3.68%

Revenue Growth 4.6% ↘

Op. Margin 24.6% →

ROIC 5.1% ↗

FCF / Share None

Trailing P/E 15.1x

Price / Book 1.4x

FCF Yield —

Debt / Equity 0.71

info Valuation on last close. End-of-day price, Nov 5, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$112.94M

↑ +4.6% —

Net Income Profit after all expenses

$22.82M

↑ +11.9% —

Operating Margin Operating profit as % of sales

24.6%

↑ +1.5% 81th

Long-Term Debt Long-term obligations

$176.41M

↓ -1.3% —

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Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns →

Financial Health →

Dividend History

Dividend / share · sourced from SEC filings

$1.23 Latest / share

+4.2% YoY

+3.4% 12-yr CAGR

$0.85

FY 2014

$0.87

FY 2015

$0.90

FY 2016

$0.93

FY 2017

$0.95

FY 2018

$0.98

FY 2019

$1.01

FY 2020

$1.05

FY 2021

$1.09

FY 2022

$1.14

FY 2023

$1.18

FY 2024

$1.23

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	4.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+54%)	9.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+207%)	-0.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-101%)	8.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+195%)	3.1% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	5.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+81%)	4.0% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+32%)	-2.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-174%)	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	11.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	18.6% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-12.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.1% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-0.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	11.8% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	3.9% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	2.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	7.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	12.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	17.8% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	12.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-16.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	37.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-17.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	4.1% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	11.9% Fair ↑ Fair Improving Year-over-year change in net income	22.1% Good ↑ Good Improving Year-over-year change in net income	-7.2% Weak ↓ Weak Declining Year-over-year change in net income	7.0% Fair ↑ Fair Improving Year-over-year change in net income	0.1% Caution ↓ Caution Declining Year-over-year change in net income	12.7% Fair ↑ Fair Improving Year-over-year change in net income	4.5% Caution ↓ Caution Declining Year-over-year change in net income	2.1% Caution ↓ Caution Declining Year-over-year change in net income	7.9% Fair ↓ Fair Declining Year-over-year change in net income	14.6% Fair ↑ Fair Improving Year-over-year change in net income	18.9% Good ↑ Good Improving Year-over-year change in net income	14.5% Fair ↑ Fair Improving Year-over-year change in net income	-15.7% Weak ↓ Weak Declining Year-over-year change in net income	46.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-11.5% Weak Weak Year-over-year change in net income	4.9% Caution Caution Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	4.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.9% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.9% Caution → Caution Stable Compound annual revenue growth over 3 years	5.8% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.2% Caution Caution Compound annual revenue growth over 3 years	2.3% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	5.1% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.2% Fair Fair Compound annual revenue growth over 5 years	3.8% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	5.2% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	3.4% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-2.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	5.7% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	4.9% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	5.8% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	4.3% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	7.1% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	12.4% Good ↑ Good Improving Compound annual EPS growth over 3 years	14.3% Good ↑ Good Improving Compound annual EPS growth over 3 years	3.4% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	8.8% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-2.0% Weak Weak Compound annual EPS growth over 3 years	5.5% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	24.6% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	24.2% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	22.7% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	24.2% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	24.5% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	25.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+26%)	23.8% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	23.6% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	23.8% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	—	—	—	—	—	—	25.8% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.9% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.3% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.1% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.8% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.2% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
Profit Margin (%) (%)	20.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+68%)	18.9% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	16.9% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	18.2% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	18.5% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+54%)	19.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	17.9% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+49%)	17.8% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+48%)	17.0% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+42%)	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	5.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	4.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.8% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.4% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	4.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	3.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	11.8% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	3.3% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.3% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	2.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.8% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.0% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	4.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.8% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	3.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	9.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	8.5% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	7.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	9.6% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.5% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	9.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.3% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	9.3% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	9.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	8.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	7.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	6.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	8.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	6.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	8.0% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-20%)	8.0% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-20%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.71x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-46%)	0.75x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	0.78x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-40%)	0.95x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-27%)	0.81x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-37%)	0.85x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-35%)	0.91x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.77x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-41%)	0.73x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.75x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	0.79x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.85x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-35%)	0.88x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-33%)	0.91x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.96x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-26%)	1.10x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-15%)	—	—
Interest Coverage (x)	3.20x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.98x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.45x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.81x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.94x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.93x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.84x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.03x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.17x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.83x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.51x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.17x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.05x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	2.25x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.88x Caution → Caution Stable Operating income divided by interest expense Optimal: > 5x	1.96x Caution Caution Operating income divided by interest expense Optimal: > 5x	1.89x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$176.36M	$177.53M	$178.04M	$176.31M	$144.76M	$144.06M	$145.27M	$117.29M	$105.98M	$103.42M	$104.73M	$105.96M	$106.22M	$106.75M	$107.95M	$104.88M	$-474.00K	$-2.89M
Debt / EBITDA (x)	4.24x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.49x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.05x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.86x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.24x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.31x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.75x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.02x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.67x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.70x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.97x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.30x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.69x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.51x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.12x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.93x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$10.96	$10.49	$9.87	$10.45	$9.67	$9.45	$9.01	$8.70	$8.96	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$2.21	$1.98	$1.67	$1.90	$1.79	$1.80	$1.61	$1.55	$1.52	$1.42	$1.26	$1.07	$0.95	$1.14	$0.83	$1.01	$0.97	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$1.23	$1.18	$1.14	$1.09	$1.05	$1.01	$0.98	$0.95	$0.93	$0.90	$0.87	$0.85	$0.82	$0.79	$0.76	$0.75	$0.72	—
Book Value per Share (USD)	$24.24	$23.24	$23.00	$19.86	$18.95	$18.17	$17.28	$16.59	$15.98	$15.28	$14.77	$14.14	$13.89	$13.64	$13.91	—	—	—
Tangible Book Value per Share (USD)	$24.06	$23.05	$22.80	$19.66	$18.92	$18.10	$17.28	$16.59	$15.98	$15.28	$14.77	$14.14	$13.89	$13.64	$13.91	—	—	—
Basic Weighted Avg Shares (shares)	10.31M	10.29M	10.02M	9.46M	9.39M	9.33M	9.28M	9.24M	9.18M	9.10M	8.96M	8.88M	8.77M	8.67M	8.12M	7,557	7,454	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	—	—	—	—	86.6% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	69.4% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	91.9% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	74.5% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	74.5% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$-12.30M	$-1.06M	$8.20M	$-16.27M	$-28.54M	$-26.11M	$-11.39M	$-21.61M	$-9.48M	$-4.69M	$-7.96M	$-13.54M	$-12.31M	$-11.46M	$-11.41M	$-27.85M	—	—
LT Debt (USD)	$176.41M	$178.68M	$180.54M	$177.62M	$144.85M	$144.09M	$145.86M	$117.59M	$106.93M	$103.65M	$104.94M	$106.20M	$106.64M	$107.37M	$108.26M	$105.06M	—	—
Total Equity (USD)	$249.92M	$239.19M	$230.40M	$187.93M	$178.01M	$169.43M	$160.27M	$153.25M	$146.64M	$139.02M	$132.33M	$125.61M	$121.84M	$118.18M	$113.00M	$95.15M	$91.17M	$87.79M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$112.94M	$107.95M	$98.86M	$98.90M	$90.86M	$88.14M	$83.59M	$80.41M	$82.23M	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$13.81M	$13.63M	$13.34M	$12.62M	$11.88M	$11.14M	$10.80M	$10.29M	$9.55M	$9.19M	$8.84M	$8.67M	$8.25M	$7.93M	$7.41M	$7.03M	$6.56M	—
Net Income, GAAP (USD)	$22.82M	$20.39M	$16.70M	$18.00M	$16.83M	$16.82M	$14.93M	$14.28M	$13.98M	$12.95M	$11.30M	$9.51M	$8.30M	$9.85M	$6.75M	$7.62M	$7.26M	—
Operating Cash Flow (USD)	$40.35M	$36.82M	$31.85M	$24.27M	$31.31M	$20.36M	$18.87M	$29.14M	$35.78M	$29.78M	—	—	—	$23.37M	$19.22M	$18.18M	$13.56M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 18 years · 68 quarters

ARTESIAN RESOURCES CORP

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18-Year Financial Trajectory

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