ARTNA · Artesian Resources Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.77M | - | $30.49M | $28.55M | $25.89M | - | $29.14M | $27.42M | $24.54M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $21.50M | - | $21.87M | $20.69M | $20.34M | - | $20.55M | $20.22M | $19.82M | - |
| D&A | $3.45M | - | $3.50M | $3.41M | $3.36M | - | $3.29M | $3.42M | $3.46M | - |
| Operating Income | $6.28M | - | $8.62M | $7.86M | $5.55M | - | $8.59M | $7.20M | $4.72M | - |
| Interest Expense | $2.23M | - | $2.19M | $2.15M | $2.17M | - | $2.19M | $2.17M | $2.17M | - |
| Income Tax | - | - | - | - | - | - | $2.35M | $1.95M | $1.68M | - |
| Net Income | $5.93M | - | $6.96M | $6.29M | $5.43M | - | $6.81M | $5.33M | $4.41M | - |
| EPS - Basic | $0.58 | - | $0.68 | $0.61 | $0.53 | - | $0.66 | $0.52 | $0.43 | - |
| EPS - Diluted | $0.57 | - | $0.68 | $0.61 | $0.53 | - | $0.66 | $0.52 | $0.43 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.25M | $52.0K | $705.0K | $349.0K | $3.71M | $1.15M | $10.70M | $6.25M | $9.50M | $2.50M |
| Accounts Receivable | $12.91M | $9.49M | $8.16M | $11.00M | $10.08M | $11.34M | $10.25M | $11.68M | $10.68M | $12.83M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $8.30M | $14.02M | $12.21M | $10.42M | $9.18M | $11.23M | $9.65M | $7.80M | $7.88M | $9.70M |
| Current Assets | $26.47M | $21.42M | $19.58M | $22.30M | $25.17M | $24.53M | $34.34M | $29.14M | $30.85M | $30.62M |
| Total Assets | $866.94M | $851.23M | $833.91M | $819.30M | $808.85M | $798.62M | $796.02M | $783.13M | $775.41M | $766.83M |
| Current Liabilities | $26.16M | $33.72M | $28.97M | $25.57M | $25.63M | $25.59M | $28.04M | $22.43M | $21.73M | $22.41M |
| Long-term Debt | $183.45M | $174.28M | $174.66M | $175.14M | $175.93M | $176.51M | $176.89M | $177.49M | $178.33M | $178.31M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $252.80M | $249.92M | $248.84M | $244.91M | $241.65M | $239.19M | $238.31M | $234.42M | $231.99M | $230.40M |
| Retained Earnings | $97.81M | $95.11M | $94.21M | $90.42M | $87.30M | $84.97M | $84.23M | $80.46M | $78.17M | $76.74M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.64M | - | - | - | $10.96M | - | - | - | $12.59M | - |
| Investing Cash Flow | ($13.12M) | - | - | - | ($10.39M) | - | - | - | ($8.32M) | - |
| Financing Cash Flow | $8.69M | - | - | - | $2.00M | - | - | - | $2.73M | - |
| CapEx | $13.14M | - | - | - | $10.40M | - | - | - | $8.92M | - |
| Free Cash Flow | ($4.50M) | - | - | - | $560.0K | - | - | - | $3.67M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 22.6% | - | 28.3% | 27.5% | 21.4% | - | 29.5% | 26.3% | 19.2% | - |
| EBITDA margin | 35.0% | - | 39.7% | 39.5% | 34.4% | - | 40.8% | 38.7% | 33.3% | - |
| Net margin | 21.4% | - | 22.8% | 22.0% | 21.0% | - | 23.4% | 19.4% | 18.0% | - |
| Free cash flow margin | -16.2% | - | - | - | 2.2% | - | - | - | 15.0% | - |
| FCF / Net income | -0.76 | - | - | - | 0.10 | - | - | - | 0.83 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | 25.7% | 26.8% | 27.6% | - |
| Return on assets | 0.7% | - | 0.8% | 0.8% | 0.7% | - | 0.9% | 0.7% | 0.6% | - |
| Return on equity | 2.3% | - | 2.8% | 2.6% | 2.2% | - | 2.9% | 2.3% | 1.9% | - |
| Return on invested capital | - | - | - | - | - | - | 1.5% | 1.3% | 0.8% | - |
| Liquidity | ||||||||||
| Current ratio | 1.01 | 0.64 | 0.68 | 0.87 | 0.98 | 0.96 | 1.22 | 1.30 | 1.42 | 1.37 |
| Quick ratio | 1.01 | 0.64 | 0.68 | 0.87 | 0.98 | 0.96 | 1.22 | 1.30 | 1.42 | 1.37 |
| Cash ratio | 0.16 | 0.00 | 0.02 | 0.01 | 0.14 | 0.04 | 0.38 | 0.28 | 0.44 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | 0.73 | 0.70 | 0.70 | 0.72 | 0.73 | 0.74 | 0.74 | 0.76 | 0.77 | 0.77 |
| Debt / Assets | 0.21 | 0.20 | 0.21 | 0.21 | 0.22 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 |
| Debt / EBITDA | 18.86 | - | 14.42 | 15.54 | 19.76 | - | 14.89 | 16.71 | 21.79 | - |
| Interest coverage | 2.8x | - | 3.9x | 3.6x | 2.6x | - | 3.9x | 3.3x | 2.2x | - |
| Equity multiplier | 3.43 | 3.41 | 3.35 | 3.35 | 3.35 | 3.34 | 3.34 | 3.34 | 3.34 | 3.33 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.04 | 0.03 | 0.03 | - | 0.04 | 0.04 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 170d | - | 98d | 141d | 142d | - | 128d | 155d | 159d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 55.9x | - | 47.9x | 55.0x | 61.6x | - | 56.3x | 67.6x | 86.3x | - |
| P / B | 1.3x | - | 1.4x | 1.4x | 1.4x | - | 1.6x | 1.5x | 1.6x | - |
| P / S | 11.8x | - | 11.0x | 12.1x | 13.0x | - | 13.1x | 13.2x | 15.6x | - |
| EV / EBITDA | 52.2x | - | 42.1x | 46.2x | 57.1x | - | 46.2x | 50.2x | 67.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.3% | - | 4.6% | 4.1% | 5.5% | - | 9.7% | 8.6% | 9.1% | - |
| Revenue CAGR (3y) | 7.3% | - | 4.7% | 4.5% | 5.3% | - | 5.3% | 6.7% | 5.8% | - |
| Revenue CAGR (5y) | 6.0% | - | 4.3% | 5.6% | 5.4% | - | 5.3% | 5.8% | 4.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 13.2% | - | 0.3% | 9.1% | 17.5% | - | 29.0% | 15.9% | 16.2% | - |
| Net income growth (YoY) | 9.2% | - | 2.2% | 18.1% | 23.2% | - | 34.4% | 19.9% | 19.1% | - |
| EPS growth (YoY) | 7.5% | - | 3.0% | 17.3% | 23.3% | - | 34.7% | 18.2% | 10.3% | - |
| EPS CAGR (3y) | 13.5% | - | 1.5% | 4.8% | 4.1% | - | 6.9% | 2.7% | -1.5% | - |
| EPS CAGR (5y) | 4.8% | - | 4.7% | 4.5% | 3.8% | - | 6.6% | 4.9% | 2.0% | - |
| FCF growth (YoY) | - | - | - | - | -84.7% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.6% | 4.5% | 4.4% | 4.5% | 4.2% | 3.8% | 3.8% | 3.1% | 22.7% | 22.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$218.71M totalRegulated Utility$105.51M · 48.2%
Reportable Segment Aggregation Before Other Operating Segment$105.51M · 48.2%
All Other Segments$7.70M · 3.5%
Product / service
$223.63M totalWater Sales$90.91M · 40.7%
Consumption Charges$60.18M · 26.9%
Fixed Fees$38.11M · 17.0%
Other Utility Operating Revenue$14.60M · 6.5%
Non Utility Operating Revenue$7.43M · 3.3%
Service Line Protection Plans$6.53M · 2.9%
Industrial Wastewater Services$1.96M · 0.9%
Contract Operations$1.04M · 0.5%
Metered Wastewater Services$842.0K · 0.4%
Inspection Fees$748.0K · 0.3%
Service Charges$699.0K · 0.3%
Distribution System Improvement Charge$534.0K · 0.2%
Design And Installation$47.0K · 0.0%
Peer comparison
Same SIC group: Water Supply
Comparing ARTESIAN RESOURCES CORP against the 5 most active filers in the same SIC group.
Dividends
$1.25/share trailing 12 months · +4.1% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.3200 |
| Feb 13, 2026 | $0.3140 |
| Nov 14, 2025 | $0.3140 |
| Aug 15, 2025 | $0.3070 |
| May 16, 2025 | $0.3070 |
| Feb 7, 2025 | $0.3010 |
| Nov 15, 2024 | $0.3010 |
| Aug 16, 2024 | $0.2960 |
| May 16, 2024 | $0.2960 |
| Feb 8, 2024 | $0.2900 |
| Nov 15, 2023 | $0.2900 |
| Aug 16, 2023 | $0.2840 |
| May 18, 2023 | $0.2840 |
| Feb 8, 2023 | $0.2780 |
| Nov 10, 2022 | $0.2780 |
| Aug 8, 2022 | $0.2730 |
| May 6, 2022 | $0.2730 |
| Feb 8, 2022 | $0.2680 |
| Nov 5, 2021 | $0.2680 |
| Aug 6, 2021 | $0.2610 |
| May 6, 2021 | $0.2610 |
| Feb 5, 2021 | $0.2570 |
| Nov 6, 2020 | $0.2570 |
| Aug 6, 2020 | $0.2500 |