Artesian Resources vs York Water
Artesian Resources is the larger business, with $113m of revenue in fiscal 2025 against $77.5m for York Water (1.5 times as much). Artesian Resources grew faster (4.6% against 3.4%). York Water kept more of each dollar of sales as profit: a net margin of 25.9% against 20.2%. Artesian Resources carries less debt relative to equity (72.9% against 96.6%).
| Latest fiscal year | Artesian ResourcesARTNA, 2025 | York WaterYORW, 2025 |
|---|---|---|
| Revenue | $113m | $77.5m |
| Revenue growth | 4.6% | 3.4% |
| Net income | $22.8m | $20.1m |
| Operating margin | 24.6% | 35.8% |
| Net margin | 20.2% | 25.9% |
| Return on equity | 9.3% | 8.5% |
| Free cash flow | −$18.5m | −$18.9m |
| Cash | $52,000 | $1,000 |
| Total debt | $182m | $232m |
| Debt to equity | 72.9% | 96.6% |
| Dividend per share | $1.23 | $0.89 |
| Dividend yield | 3.7% | 2.5% |
| Share buybacks | — | — |
| Employees | — | 129 |
| Market value | $348m | $516m |
| Price vs our value range | — | — |
| Moat score | 41 (Weak) | 43 (Weak) |
| Insider trades, 12 months | 0 buys, 16 sales | 34 buys, 1 sales |