NASDAQ · WATER SUPPLY · SMALL CAP
Artesian Resources Corporation ARTNB
17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY15 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$112.9M
▲ 4.6% vs FY2024
Dividend streak
15 yrs
Raised every year since 2011
EPS · FY25
$2.21
Dividend / sh · FY25
$1.23
Payout · FY25
56%
ROE · FY25
9.3%
Net margin · FY25
20.2%
Dividend coverage
1.8×
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Result
USD 112.9M
Revenue, FY2025 · full 17-year series below
Revenue
Net income
20 cents of every revenue dollar became profit this year.
Per share
USD 2.21
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 1.8 times — the rest stayed in the company.
Profitability
9.3%
Return on equity, FY2025
ROE
Operating margin24.6%
Net margin20.2%
Return on assets2.8%
Each USD of equity produced 9 cents of profit this year.
Returned to shareholders
USD 12.7M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 12.7M
Net buybacks—
Share of profit55.5%
Consecutive raises15 years
USD 12.7M in dividends — 56% of the year's profit went back to shareholders.
Growth
+5.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+4.5%
+5.1%
+3.9%
+3.8%
Net income
+8.2%
+6.3%
+7.3%
+7.6%
EPS, diluted
+5.2%
+4.3%
+5.8%
+5.4%
Dividend / share
+4.1%
+4.0%
+3.5%
+3.3%
Returned to shareholders
+7.1%
+6.2%
+5.0%
+5.5%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
USD 851.2M
total assets, end of FY2025
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.
History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
Operating income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EBITDA $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
2.21
1.98
1.67
1.90
1.79
1.79
1.60
1.54
1.51
1.41
1.26
1.07
0.94
1.13
0.83
1.00
0.97
Dividend / sh $
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
Payout %
56
60
67
57
58
56
61
62
61
63
69
79
87
70
92
75
74
ROE %
9.3
8.7
8.0
9.8
9.7
10.2
9.5
9.5
9.8
9.5
8.8
7.7
6.9
8.5
6.5
8.2
8.0
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
49 of 49
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed