ARTN
Artesian Resources Corporation
NASDAQ: ARTNA · UTILITIES · UTILITIES - REGULATED WATER
$31.31
-0.32% today
Updated 2026-04-30
Market cap
$322.16M
P/E ratio
14.17
P/S ratio
2.85x
EPS (TTM)
$2.21
Dividend yield
3.92%
52W range
$30 – $35
Volume
0.1M
Artesian Resources Corporation (ARTNA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.59M | $52.52M | $56.19M | $60.91M | $64.89M | $65.07M | $70.56M | $69.07M | $72.47M | $77.02M | $79.09M | $82.23M | $80.41M | $83.59M | $88.14M | $90.86M | $98.90M | $98.86M | $107.95M | $112.94M |
| Revenue growth (YoY) | — | +8.1% | +7.0% | +8.4% | +6.5% | +0.3% | +8.4% | -2.1% | +4.9% | +6.3% | +2.7% | +4.0% | -2.2% | +4.0% | +5.4% | +3.1% | +8.8% | -0.0% | +9.2% | +4.6% |
| Cost of revenue | $2.42M | $31.46M | $34.07M | $32.37M | $34.71M | $35.45M | $36.22M | $36.63M | $37.09M | $38.45M | $38.26M | $41.05M | $41.21M | $42.50M | $43.62M | $45.36M | $50.62M | $50.63M | $54.54M | $70.93M |
| Gross profit | $46.17M | $52.52M | $56.19M | $28.54M | $30.17M | $29.62M | $34.35M | $32.44M | $35.38M | $38.57M | $40.83M | $41.18M | $39.20M | $41.09M | $44.53M | $45.50M | $48.27M | $48.23M | $53.41M | $42.01M |
| Gross margin | 95.0% | 100.0% | 100.0% | 46.9% | 46.5% | 45.5% | 48.7% | 47.0% | 48.8% | 50.1% | 51.6% | 50.1% | 48.8% | 49.2% | 50.5% | 50.1% | 48.8% | 48.8% | 49.5% | 37.2% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | — | — | $39.27M | $40.16M | $40.75M | $41.37M | $42.82M | $42.75M | $45.78M | $46.18M | $47.69M | $49.02M | $50.94M | $56.49M | — | — | — |
| Operating income | $15.68M | $15.90M | $16.33M | $13.64M | $14.27M | $13.74M | $15.86M | $14.48M | $16.05M | $17.58M | $18.82M | $19.60M | $18.95M | $19.93M | $22.30M | $22.29M | $23.91M | $22.45M | $26.15M | $35.61M |
| Operating margin | 32.3% | 30.3% | 29.1% | 22.4% | 22.0% | 21.1% | 22.5% | 21.0% | 22.1% | 22.8% | 23.8% | 23.8% | 23.6% | 23.8% | 25.3% | 24.5% | 24.2% | 22.7% | 24.2% | 31.5% |
| EBITDA | $20.29M | $21.06M | $17.69M | $19.37M | $20.65M | $20.85M | $31.11M | $28.32M | $31.09M | $34.20M | $36.34M | $36.45M | $34.23M | $37.93M | $39.12M | $39.92M | $42.40M | $42.13M | $50.12M | $49.42M |
| EBITDA margin | 41.8% | 40.1% | 31.5% | 31.8% | 31.8% | 32.0% | 44.1% | 41.0% | 42.9% | 44.4% | 45.9% | 44.3% | 42.6% | 45.4% | 44.4% | 43.9% | 42.9% | 42.6% | 46.4% | 43.8% |
| EBIT | $15.68M | $15.90M | $11.91M | $12.81M | $13.62M | $13.44M | $23.18M | $20.07M | $22.42M | $25.37M | $27.15M | $26.89M | $23.95M | $27.13M | $27.98M | $28.03M | $29.78M | $28.79M | $36.49M | $35.61M |
| Interest expense | $6.34M | $6.30M | $6.61M | $7.22M | $7.29M | $7.29M | $7.04M | $7.05M | $7.39M | $7.00M | $6.64M | $6.18M | $6.25M | $7.02M | $7.62M | $7.59M | $8.50M | $9.16M | $8.78M | $8.69M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% | 0.0% | 0.0% |
| Net income | $6.07M | $6.26M | $6.42M | $7.26M | $7.62M | $6.75M | $9.85M | $8.30M | $9.51M | $11.30M | $12.95M | $13.98M | $14.28M | $14.93M | $16.82M | $16.83M | $18.00M | $16.70M | $20.39M | $22.82M |
| Net income growth (YoY) | — | +3.2% | +2.5% | +13.2% | +4.9% | -11.5% | +46.0% | -15.7% | +14.5% | +18.9% | +14.6% | +7.9% | +2.1% | +4.5% | +12.7% | +0.1% | +7.0% | -7.2% | +22.1% | +11.9% |
| Profit margin | 12.5% | 11.9% | 11.4% | 11.9% | 11.7% | 10.4% | 14.0% | 12.0% | 13.1% | 14.7% | 16.4% | 17.0% | 17.8% | 17.9% | 19.1% | 18.5% | 18.2% | 16.9% | 18.9% | 20.2% |