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MARKETS / NASDAQ / Utilities / Water and sanitation / ARTNB
NASDAQ · WATER SUPPLY · SMALL CAP

Artesian Resources Corp. ARTNB

17 fiscal years on record · USD · FY2025 reported · SEC filings only
15 YEARS OF DIVIDEND GROWTH
$112.9M
▲ 4.6% YoY
$22.8M
▲ 11.9% YoY
$-18.5M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth

USD 112.9M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 112.9 · Net income 22.8
50M100M
2009201220152018202120242025
Compound annual growth
+4.5%
+5.1%
+3.9%
+3.8%
+8.2%
+6.3%
+7.3%
+7.6%
+5.2%
+4.3%
+5.8%
+5.4%
+4.1%
+4.0%
+3.5%
+3.3%
+7.1%
+6.2%
+5.0%
+5.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.1% a year over the five years to FY2025 — but profit grew faster: net income at +6.3%, earnings per share at +4.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

20 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 24.6% · Net 20.2%
10%20%
200920172025
ROE
FY2025 · ROE 9.3%
5%10%
200920172025
Three returns, three denominators.
Gross margin·
Operating margin24.6%
Net margin20.2%
EBITDAUSD 41.6M

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders

USD 12.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -18.5
3M6M-15M-30M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 12.7 · Net buybacks ·
5M10M
200920112013201520172019202120232025
Dividends paidUSD 12.7M
Net buybacks·
Share of profit55.5%
Consecutive raises15 years (since the 2010 share-count change)

USD 12.7M in dividends — 56% of the year's profit went back to shareholders.

Total assetsUSD 851.2M
EquityUSD 249.9M
CashUSD 52,000.00
Gross debtUSD 176.4M
Net debtUSD 176.4M
Current ratio0.64×

Net debt stands at 71% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ARTNB, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.1
Operating income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EBITDA $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0◌◌◌
Net income $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.0−0.0−0.00.00.0−0.0−0.0
EPS, diluted $2.211.981.671.901.791.791.601.541.511.411.261.070.941.130.831.000.97
Dividend / sh $1.231.181.141.091.051.010.980.950.930.900.870.850.820.790.760.750.72
Payout %5660675758566162616369798770927574
ROE %9.38.78.09.89.710.29.59.59.89.58.87.76.98.56.58.28.0

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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ET · EPD · OKE · DUK · NRG · SO
Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWater Supply
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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