ARTESIAN RESOURCES CORP (ARTNA)
Established in 1905 and headquartered in Newark, Delaware, Artesian Resources Corporation, through its various subsidiaries, delivers water, wastewater, and a range of associated utility services across Delaware, Maryland, and Pennsylvania. The company supplies water for residential, commercial, industrial, governmental, municipal, and utility consumption, along with supporting public and private fire protection, throughout these three states. In Delaware, it provides comprehensive wastewater collection, treatment facilities, and related services. Beyond its primary utility operations, Artesian offers contract water and wastewater services, protective plans for water, sewer, and internal service lines, and comprehensive wastewater management. Its capabilities also encompass design, construction, and engineering services within the utility sector. Furthermore, it extends support to other water utilities by managing their operations and billing. The corporation holds various real estate assets, such as land for its offices and for water and wastewater treatment facilities, and its portfolio also includes the design, installation, maintenance, and repair of stormwater management systems. By December 31, 2021, Artesian's extensive network, comprising 1,368 miles of transmission and distribution mains, served approximately 91,700 customers in Delaware, 2,500 in Maryland, and 40 in Pennsylvania.
Sector: Water Supply
Industry: Regulated Water
Artesian Resources Corporation
NASDAQ:ARTNAUtilities · Regulated Water
-0.26%$34.01
AH Close$34.01+0.00%vs close
AH Close$34.01+0.00%vs close
Mkt Cap$321.25M
Float9.04M
O/S9.45M
Inst Own55.8%
SI0.5%
Div Yield3.73%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$112.94M
Net Income$22.82M
Total Assets$851.23M
Free Cash Flow-$18.5M
Debt & Equity
Debt 42%
Equity 58%
Total Debt$182.64M
Total Equity$249.92M
Shares Outstanding
Short Interest
Split History2 splits
- 1.5:1Forward splitJul 3, 20061 share → 1.5
- 1.5:1Forward splitJul 1, 20031 share → 1.5
Balance Sheet Details
Assets$851.23M
Liabilities$601.31M
Accounts Receivable$12.17M
Accounts Payable$14.02M
Inventory$3.72M
PP&E (Net)$801.69M
Goodwill$1.94M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Revenue | $112.94M | $107.95M | $98.86M | $98.9M | $90.86M | $88.14M | $83.59M | $80.41M | $82.23M | $79.09M | $77.02M | $72.47M | $69.07M | $70.56M | $65.07M | $64.89M | $60.91M | $56.19M | $52.52M | $48.59M | $45.28M | $39.58M | $36.3M | $34.6M | $31.99M | $27.55M | $26.8M | $25.5M | $22.3M | $20.9M | $22.6M |
| YoY Growth | 4.6% | 9.2% | -0.0% | 8.8% | 3.1% | 5.4% | 4.0% | -2.2% | 4.0% | 2.7% | 6.3% | 4.9% | -2.1% | 8.4% | 0.3% | 6.5% | 8.4% | 7.0% | 8.1% | 7.3% | 14.4% | 9.1% | 4.9% | 8.2% | 16.1% | 2.8% | 5.1% | 14.3% | 6.7% | -7.5% | - |
| Cost of Revenue | $70.93M | $54.54M | $50.63M | $50.62M | $45.36M | $43.62M | $42.5M | $41.21M | $41.05M | $38.26M | $38.45M | $37.09M | $36.63M | $36.22M | $35.45M | $34.71M | $32.37M | $0 | $0 | $2.42M | $0 | $0 | $0 | $18.33M | $543K | $15.4M | $14.69M | $0 | $0 | $0 | $0 |
| Gross Profit | $42.01M | $53.41M | $48.23M | $48.27M | $45.5M | $44.53M | $41.09M | $39.2M | $41.18M | $40.83M | $38.57M | $35.38M | $32.44M | $34.35M | $29.62M | $30.17M | $28.54M | $56.19M | $52.52M | $46.17M | $45.28M | $39.58M | $36.3M | $16.26M | $31.44M | $12.15M | $12.11M | $25.5M | $22.3M | $20.9M | $22.6M |
| Gross Margin | 37.2% | 49.5% | 48.8% | 48.8% | 50.1% | 50.5% | 49.2% | 48.8% | 50.1% | 51.6% | 50.1% | 48.8% | 47.0% | 48.7% | 45.5% | 46.5% | 46.9% | 100.0% | 100.0% | 95.0% | 100.0% | 100.0% | 100.0% | 47.0% | 98.3% | 44.1% | 45.2% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $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 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $175K | $178K | $179K | $200K | $200K | $200K | $200K | $200K |
| Other | $6.4M | $27.26M | $25.78M | $24.37M | $23.21M | $22.23M | $21.17M | $953K | $226K | $557K | $472K | $524K | $548K | $713K | $15.89M | $15.9M | $14.9M | $39.85M | $36.62M | $32.91M | $31.3M | $26.82M | $25.38M | $23.42M | $22.22M | $19.54M | $18.4M | $17.7M | $16.3M | $15.5M | $17.6M |
| Total Operating Expenses | $6.4M | $27.26M | $25.78M | $24.37M | $23.21M | $22.23M | $21.17M | $15.26M | $14.29M | $13.68M | $13.21M | $12.96M | $12.37M | $11.88M | $15.89M | $15.9M | $14.9M | $39.85M | $36.62M | $32.91M | $31.3M | $26.82M | $25.38M | $23.6M | $22.4M | $19.72M | $18.6M | $17.9M | $16.5M | $15.7M | $17.8M |
| Operating Income (EBIT) | $35.61M | $26.15M | $22.45M | $23.91M | $22.29M | $22.3M | $19.93M | $18.95M | $19.6M | $18.82M | $17.58M | $16.05M | $14.48M | $15.86M | $13.74M | $14.27M | $13.64M | $16.33M | $15.9M | $15.68M | $13.99M | $12.77M | $10.92M | $11M | $9.59M | $7.83M | $8.2M | $7.6M | $5.8M | $5.2M | $4.8M |
| Operating Margin | 31.5% | 24.2% | 22.7% | 24.2% | 24.5% | 25.3% | 23.8% | 23.6% | 23.8% | 23.8% | 22.8% | 22.1% | 21.0% | 22.5% | 21.1% | 22.0% | 22.4% | 29.1% | 30.3% | 32.3% | 30.9% | 32.3% | 30.1% | 31.8% | 30.0% | 28.4% | 30.6% | 29.8% | 26.0% | 24.9% | 21.2% |
| Interest Expense | $8.69M | $8.78M | $9.16M | $8.5M | $7.59M | $7.62M | $7.02M | $6.25M | $6.18M | $6.64M | $7M | $7.39M | $7.05M | $7.04M | $7.29M | $7.29M | $7.22M | $6.61M | $6.3M | $6.34M | $6.12M | $5.94M | $4.89M | $4.39M | $4.54M | $4.05M | $6.28M | $3.2M | $0 | $2.5M | $2.8M |
| Interest Income | $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 |
| Other Income (Expense) | -$4.96M | $1.56M | $601K | -$30K | $270K | $206K | $181K | $314K | $1.68M | $2.47M | $1.51M | -$165K | -$595K | $607K | -$6.99M | -$6.65M | $835K | -$1.06M | -$5.5M | -$5.72M | -$5.61M | -$5.47M | -$4.61M | -$4.01M | -$4.08M | -$3.76M | -$3.2M | -$3.1M | -$2.6M | -$2.4M | -$2.8M |
| Income Before Tax (EBT) | $30.65M | $27.71M | $23.05M | $23.88M | $22.56M | $22.5M | $20.11M | $19.27M | $21.28M | $21.29M | $19.09M | $15.88M | $13.89M | $16.46M | $14.04M | $14.91M | $14.48M | $10.85M | $10.4M | $9.96M | $8.38M | $7.29M | $6.3M | $6.99M | $5.5M | $4.07M | $5M | $4.5M | $3.2M | $2.8M | $2M |
| Income Tax Expense | $7.83M | $7.32M | $6.35M | $5.88M | $5.74M | $5.68M | $5.18M | $4.99M | $7.29M | $8.33M | $7.78M | $6.38M | $5.59M | $6.62M | $6.99M | $6.65M | $6.38M | $4.43M | $4.13M | $3.89M | $3.35M | $2.89M | $2.39M | $2.83M | $2.18M | $1.62M | $2M | $1.8M | $1.2M | $1.1M | $800K |
| Net Income | $22.82M | $20.39M | $16.7M | $18M | $16.83M | $16.82M | $14.93M | $14.28M | $13.98M | $12.95M | $11.3M | $9.51M | $8.3M | $9.85M | $6.75M | $7.62M | $7.26M | $6.42M | $6.26M | $6.07M | $5.04M | $4.4M | $3.92M | $4.17M | $3.32M | $2.45M | $3M | $2.7M | $2M | $1.7M | $1.2M |
| Net Income Margin | 20.2% | 18.9% | 16.9% | 18.2% | 18.5% | 19.1% | 17.9% | 17.8% | 17.0% | 16.4% | 14.7% | 13.1% | 12.0% | 14.0% | 10.4% | 11.7% | 11.9% | 11.4% | 11.9% | 12.5% | 11.1% | 11.1% | 10.8% | 12.0% | 10.4% | 8.9% | 11.2% | 10.6% | 9.0% | 8.1% | 5.3% |
| Supplementary Data | |||||||||||||||||||||||||||||||
| EPS | 2.21 | 1.98 | 1.67 | 1.90 | 1.79 | 1.80 | 1.61 | 1.55 | 1.52 | 1.42 | 1.26 | 1.07 | 0.95 | 1.14 | 0.83 | 1.01 | 0.97 | 0.87 | 0.92 | 1.00 | 0.84 | 0.75 | 0.66 | 0.78 | 0.71 | 0.53 | 0.66 | 0.65 | 0.48 | 0.47 | 0.47 |
| Diluted EPS | 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 | 0.86 | 0.90 | 0.97 | 0.81 | 0.72 | 0.64 | 0.76 | 0.70 | 0.52 | 0.65 | 0.64 | 0.48 | 0.47 | 0.47 |
| Weighted Average OS | 10.31M | 10.29M | 10.02M | 9.46M | 9.39M | 9.33M | 9.28M | 9.24M | 9.18M | 9.10M | 8.96M | 8.88M | 8.77M | 8.67M | 8.12M | 7.56M | 7.45M | 7.35M | 6.79M | 6.05M | 5.98M | 5.87M | 5.82M | 5.30M | 4.58M | 4.52M | 4.41M | 4.04M | 3.99M | 3.39M | 2.33M |
| EBITDA | $53.15M | $50.12M | $42.13M | $42.4M | $39.92M | $39.12M | $37.93M | $34.23M | $36.45M | $36.34M | $34.2M | $31.09M | $28.32M | $31.11M | $20.85M | $20.65M | $19.37M | $17.69M | $21.06M | $20.29M | $49.65M | $43.63M | $14.55M | $14.39M | $12.5M | $10.54M | $10.5M | $9.7M | $8M | $7.5M | $7.2M |
| EBITDA Margin | 47.1% | 46.4% | 42.6% | 42.9% | 43.9% | 44.4% | 45.4% | 42.6% | 44.3% | 45.9% | 44.4% | 42.9% | 41.0% | 44.1% | 32.0% | 31.8% | 31.8% | 31.5% | 40.1% | 41.8% | 109.6% | 110.2% | 40.1% | 41.6% | 39.1% | 38.2% | 39.2% | 38.0% | 35.9% | 35.9% | 31.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Assets | |||||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $52K | $1.15M | $2.5M | $1.31M | $92K | $28K | $596K | $293K | $952K | $226K | $209K | $243K | $422K | $617K | $311K | $179K | $474K | $2.89M | $2.52M | $1.41M | $1.36M | $1.22M | $1.13M | $874K | $1.05M | $392K | $100K | $100K | $100K | $100K | $100K |
| Short-Term Investments | $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 |
| Cash and Short-Term Investments | $52K | $1.15M | $2.5M | $1.31M | $92K | $28K | $596K | $293K | $952K | $226K | $209K | $243K | $422K | $617K | $311K | $179K | $474K | $2.89M | $2.52M | $1.41M | $1.36M | $1.22M | $1.13M | $874K | $1.05M | $392K | $100K | $100K | $100K | $100K | $100K |
| Accounts Receivable | $12.17M | $13.82M | $16.56M | $16.73M | $11.68M | $11.96M | $8.14M | $10.37M | $12.68M | $9.35M | $9.31M | $11.45M | $5.34M | $8.72M | $8.63M | $8.71M | $9.02M | $7.82M | $8.7M | $6.07M | $6.66M | $6.18M | $5.15M | $9.26M | $4.77M | $4.07M | $4.34M | $4M | $4M | $3.6M | $3.4M |
| Inventory | $3.72M | $4.28M | $5.98M | $4.7M | $1.93M | $1.53M | $1.26M | $1.46M | $1.52M | $1.56M | $1.71M | $1.89M | $1.49M | $1.35M | $1.48M | $1.25M | $1.22M | $1.15M | $1.19M | $1.05M | $1.01M | $932K | $801K | $712K | $616K | $730K | $700K | $600K | $600K | $600K | $600K |
| Other Current Assets | $3.67M | $3.09M | $3.3M | $2.88M | $2.65M | $2.21M | $2.25M | $2.12M | $2.04M | $1.83M | $1.62M | $1.67M | $1.89M | $1.46M | $1.53M | $2.64M | $1.3M | $491K | $0 | $0 | $0 | $0 | $2.13M | $1.07M | $1.04M | $1.21M | $900K | $900K | $1.1M | $1.1M | $800K |
| Total Current Assets | $21.42M | $24.53M | $30.62M | $27.8M | $18.66M | $17.62M | $14.21M | $16.12M | $18.98M | $14.63M | $14.44M | $16.65M | $13.25M | $13.48M | $13.25M | $14.03M | $13.24M | $13.47M | $14.32M | $10.24M | $10.41M | $9.66M | $9.21M | $11.92M | $7.47M | $6.4M | $6M | $5.6M | $5.8M | $5.4M | $4.9M |
| Long-Term Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $801.69M | $751.2M | $718.48M | $672.24M | $594.63M | $563.82M | $535.01M | $502.53M | $464.38M | $429.38M | $409.56M | $397.82M | $383.1M | $370.64M | $357.61M | $349.86M | $338.14M | $327.68M | $274.43M | $253.49M | $227.57M | $212.15M | $187.89M | $167.65M | $152.65M | $134.31M | $122.8M | $110.1M | $98M | $89.9M | $86.2M |
| Goodwill | $1.94M | $1.94M | $1.94M | $1.94M | $0 | $623K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $355K | $363K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $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 |
| Long-Term Investments | $9.48M | $6.42M | $8.38M | $10.34M | $4.85M | $4.37M | $3.97M | $3.61M | $3.36M | $3.2M | $3.02M | $0 | $2.68M | $2.52M | $0 | $6.03M | $1.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $513K | $599K | $50.31M | $718K | $55.05M | $54.14M | $68.45M | $815K | $812K | $838K | $837K | $772K | $521K | $536K | $363K | $301K | $284K | $0 | $0 | $0 | $8.02M | $0 | $4.23M | $2.78M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $16.69M | $14.53M | $7.42M | $7.47M | $6.57M | -$43.53M | $7.18M | -$43.87M | -$42.87M | -$61.49M | $6.8M | $6.93M | $6.64M | $6.75M | $7.1M | $725K | $4.77M | $7.19M | $5.54M | $5.34M | $5.88M | $5.57M | $19.22M | -$4.52M | $3.41M | -$532K | $924K | $3.7M | $4.1M | $4.4M | $5.7M |
| Total Long-Term Assets | $829.81M | $774.1M | $736.22M | $692.5M | $606.65M | $575.6M | $546.88M | $513.71M | $475.65M | $436.34M | $417.18M | $405.56M | $390.58M | $378.23M | $365.49M | $357.5M | $345.65M | $335.23M | $280.26M | $259.12M | $233.45M | $217.72M | $207.11M | $171.15M | $156.06M | $138M | $126.5M | $113.8M | $102.1M | $94.3M | $91.9M |
| Other Assets | $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 |
| Total Assets | $851.23M | $798.62M | $766.83M | $720.3M | $625.31M | $593.22M | $561.09M | $529.83M | $494.64M | $450.98M | $431.63M | $422.21M | $403.83M | $391.71M | $378.74M | $371.53M | $358.89M | $348.71M | $294.59M | $269.36M | $243.85M | $227.38M | $216.32M | $183.07M | $163.53M | $144.41M | $132.5M | $119.4M | $107.9M | $99.7M | $96.8M |
| Liabilities | |||||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||||
| Accounts Payable | $14.02M | $11.23M | $9.7M | $10.93M | $10.21M | $6.34M | $8.18M | $8.19M | $8.85M | $5.53M | $4.91M | $3.78M | $4.14M | $3.5M | $2.78M | $3.4M | $3.7M | $4.56M | $3.23M | $2.79M | $2.79M | $2.17M | $3.95M | $3.12M | $4.75M | $3.17M | $3.96M | $3.1M | $2.6M | $2.9M | $3.4M |
| Short-Term Debt | $7.95M | $2.2M | $2.24M | $22.22M | $28.32M | $28.57M | $9.24M | $17.78M | $11.26M | $8.48M | $12.32M | $19.88M | $12.21M | $11.83M | $13.82M | $30.62M | $26.65M | $21.8M | $1.21M | $310K | $2.09M | $10.29M | $12.79M | $3.58M | $17.45M | $3.12M | $8.75M | $7.8M | $1.2M | $400K | $16.5M |
| Current Income Tax Payable | $0 | $500K | $2K | $6K | $0 | $237K | $343K | $0 | $0 | $0 | $815K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $135K | $0 | $0 | $665K | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $3.47M | $3.35M | $2.98M | $0 | $2.27M | $2.06M | $0 | $1.04M | $969K | $864K | $704K | $713K | $801K | $894K | $942K | $805K | $592K | $556K | $746K | $472K | $5.27M | -$4.32M | -$9.85M | $410K | -$14.14M | $419K | $388K | $3M | $0 | $2M | -$14.6M |
| Other Current Liabilities | $2.37M | $2.05M | $1.69M | $10.91M | $1.45M | $2.07M | $7.84M | $7.07M | $2.69M | $2.15M | $2.18M | $2.88M | $3.65M | $4.15M | $3.63M | $3.81M | $3.1M | $3.12M | $0 | $7.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $0 | $0 | $0 |
| Total Current Liabilities | $33.72M | $25.59M | $22.41M | $44.07M | $47.21M | $43.72M | $25.6M | $37.73M | $28.46M | $19.33M | $23.22M | $30.19M | $25.56M | $24.94M | $24.66M | $41.88M | $36.52M | $34.38M | $11.84M | $19.12M | $12.24M | $18.44M | $19.67M | $9.53M | $25.5M | $9.5M | $16.5M | $14.1M | $6.2M | $5.7M | $21.8M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | $174.28M | $176.51M | $178.31M | $175.62M | $143.26M | $142.33M | $144.16M | $115.86M | $105.59M | $102.33M | $103.65M | $104.95M | $105.51M | $106.26M | $106.54M | $105.06M | $106.03M | $107.56M | $91.76M | $92.07M | $92.38M | $82.36M | $80.56M | $63.97M | $0 | $0 | $34.53M | $32.1M | $32.1M | $26.3M | $17.6M |
| Long-Term Unearned Revenue | $0 | $0 | $503K | $0 | $0 | $0 | $0 | $22.81M | $23.2M | $1.02M | $1.11M | $1.18M | $1.29M | $1.47M | $14.4M | $525K | $737K | -$334.09M | -$289.37M | -$280.51M | $0 | $0 | $0 | $0 | -$54.82M | -$54.63M | $0 | -$33.3M | $0 | -$25.7M | -$57.4M |
| Long-Term Deferred Tax Liabilities | $54.76M | $52.67M | $58.8M | $55.5M | $54.19M | $50.79M | $53.47M | $55.56M | $54.66M | $69M | $62.72M | $57.62M | $50.34M | $46.5M | $42.38M | $38.22M | $34.76M | $30.24M | $25.91M | $22.27M | $18.57M | $15.59M | $12.62M | $8.9M | $6.56M | $5.17M | $3.8M | $2.5M | $1.2M | $1M | $1.1M |
| Other Long-Term Liabilities | $337.75M | $304.25M | $276.41M | $256.71M | $202.21M | $186.52M | $177.15M | $222.99M | $213.95M | $121.3M | $108.9M | $103.84M | $100.58M | $95.84M | $92.17M | $90.69M | $89.68M | $88.74M | $79.95M | $74.09M | -$110.95M | -$97.95M | -$93.18M | -$72.87M | $97.94M | $102.1M | -$38.33M | $42.7M | -$33.3M | $40.9M | $0 |
| Total Long-Term Liabilities | $567.59M | $533.84M | $514.02M | $488.3M | $400.1M | $380.07M | $375.22M | $338.85M | $319.53M | $292.63M | $276.08M | $266.42M | $256.43M | $248.59M | $241.08M | $234.5M | $231.2M | $29.52M | $25.17M | $21.5M | $283.97M | $251.13M | $236.29M | $194.26M | $103.6M | $102.1M | $83.6M | $77.3M | $75.1M | $68.2M | $18.7M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $197.01M | $172.44M | $166.93M | -$110.16M | -$97.13M | -$92.33M | -$71.99M | -$209K | -$320K | -$400K | -$400K | -$600K | -$800K | $39.7M |
| Total Liabilities | $601.31M | $559.43M | $536.43M | $532.37M | $447.3M | $423.79M | $400.82M | $376.58M | $348M | $311.95M | $299.3M | $296.61M | $282M | $273.53M | $265.74M | $276.38M | $267.72M | $260.91M | $209.46M | $207.56M | $186.04M | $172.44M | $163.63M | $131.8M | $128.89M | $111.28M | $99.7M | $91M | $80.7M | $73.1M | $80.2M |
| Stockholders' Equity | |||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $200K | $572K | $700K | $500K | $600K | $1.1M | $1.2M |
| Common Stock | $10.32M | $10.3M | $10.29M | $9.5M | $9.41M | $9.36M | $9.29M | $9.25M | $9.21M | $9.13M | $9.06M | $8.91M | $8.83M | $8.71M | $8.61M | $7.64M | $7.51M | $7.4M | $7.3M | $6.09M | $4.01M | $3.96M | $3.9M | $2.58M | $2.04M | $2.01M | $2M | $1.8M | $1.8M | $1.7M | $1M |
| Retained Earnings | $95.11M | $84.97M | $76.74M | $71.29M | $63.61M | $56.61M | $49.16M | $43.36M | $37.9M | $32.42M | $27.64M | $24.15M | $22.16M | $21.07M | $18.07M | $17.52M | $15.58M | $13.69M | $12.47M | $10.66M | $10.33M | $8.77M | $7.63M | $8.26M | $7.03M | $6.07M | $5.9M | $7.8M | $6.9M | $6.6M | $6.3M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$126.85M | -$117.56M | -$110.3M | -$105.28M | -$98.4M | -$89.66M | -$83.78M | -$417K | -$377K | -$64.91M | -$58.79M | -$53.07M | -$48.08M | -$43.28M | -$39.33M | -$35.9M | -$34.31M | -$31.52M | -$29.29M | -$26.7M | $300K | $300K | -$1.5M | -$2.1M |
| Other Stockholders' Equity | $144.49M | $143.92M | $143.37M | $107.14M | $104.99M | $103.46M | $101.81M | $100.64M | $99.53M | $97.48M | $95.63M | $92.55M | $90.84M | $88.4M | $86.31M | $69.99M | $68.09M | $66.7M | $65.36M | $45.05M | $43.47M | $42.22M | $41.16M | $40.44M | $25.58M | $25.05M | $24.9M | $18.8M | $18.5M | $18.3M | $9.3M |
| Total Equity | $249.92M | $239.19M | $230.4M | $187.93M | $178.01M | $169.43M | $160.27M | $153.25M | $146.64M | $139.02M | $132.33M | $125.61M | $121.84M | $118.18M | $113M | $95.15M | $91.17M | $87.79M | $85.13M | $61.8M | $57.81M | $54.94M | $52.69M | $51.28M | $34.65M | $33.13M | $32.8M | $28.4M | $27.2M | $26.6M | $16.6M |
| Minority Interest | $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 |
| Total Liabilities and Equity | $851.23M | $798.62M | $766.83M | $720.3M | $625.31M | $593.22M | $561.09M | $529.83M | $494.64M | $450.98M | $431.63M | $422.21M | $403.83M | $391.71M | $378.74M | $371.53M | $358.89M | $348.71M | $294.59M | $269.36M | $243.85M | $227.38M | $216.32M | $183.07M | $163.53M | $144.41M | $132.5M | $119.4M | $107.9M | $99.7M | $96.8M |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Total Debt | $182.64M | $179.11M | $181.06M | $198.31M | $172.02M | $171.34M | $153.85M | $133.53M | $116.54M | $110.78M | $115.42M | $124.69M | $116.97M | $118.08M | $120.36M | $135.68M | $132.68M | $129.36M | $92.97M | $100.29M | $94.47M | $92.65M | $93.34M | $67.55M | $66.82M | $53.84M | $43.3M | $39.9M | $33.3M | $26.7M | $34.1M |
| Net Debt | $182.59M | $177.96M | $178.56M | $197M | $171.93M | $171.31M | $153.25M | $133.24M | $115.59M | $110.55M | $115.21M | $124.45M | $116.55M | $117.47M | $120.05M | $135.5M | $132.2M | $126.46M | $90.45M | $98.88M | $93.11M | $91.43M | $92.22M | $66.68M | $65.76M | $53.44M | $43.2M | $39.8M | $33.2M | $26.6M | $34M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | $22.82M | $20.39M | $16.7M | $18M | $16.83M | $16.82M | $14.93M | $14.28M | $13.98M | $12.95M | $11.3M | $9.51M | $8.3M | $9.85M | $6.75M | $7.62M | $7.26M | $6.42M | $6.26M | $6.07M | $5.04M | $4.4M | $3.92M | $4.17M | $3.32M | $2.45M | $3M | $2.7M | $2M | $1.7M | $1.2M |
| Depreciation & Amortization | $13.81M | $13.63M | $13.34M | $12.62M | $11.88M | $11.14M | $10.8M | $10.29M | $9.55M | $9.19M | $8.84M | $8.67M | $8.25M | $7.93M | $7.41M | $7.03M | $6.56M | $5.78M | $5.16M | $4.61M | $4.36M | $4.05M | $3.63M | $3.24M | $2.85M | $2.54M | $2.3M | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $1.18M | $564K | $3.81M | $2.28M | $2.8M | -$1.96M | -$2.81M | $899K | $8.21M | $5.46M | $5.1M | $7.25M | $3.84M | $4.19M | $4.47M | $3.48M | $4.6M | $4.39M | $3.66M | $3.71M | $3.1M | $2.91M | $3.93M | $2.1M | $1.63M | $1.43M | $1.1M | $1.3M | $900K | $1M | $100K |
| Stock-Based Compensation | $246K | $219K | $254K | $152K | $193K | $178K | $181K | $192K | $423K | $92K | $183K | $135K | $123K | $108K | $120K | $111K | $98K | $122K | $196K | $322K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||
| Accounts Receivable | $4.83M | $991K | $292K | -$3.39M | $94K | -$2.32M | -$94K | -$87K | -$187K | -$292K | -$867K | $147K | $457K | -$757K | $215K | $290K | -$603K | $1.27M | -$2.08M | $865K | $0 | $0 | $0 | -$133K | -$643K | $368K | -$367K | $0 | $0 | $0 | $0 |
| Inventory | $562K | $1.71M | -$1.28M | -$2.77M | -$398K | -$271K | $195K | $60K | $45K | $149K | $177K | -$405K | -$132K | $130K | -$237K | -$26K | -$73K | $45K | $138K | -$46K | -$75K | -$131K | -$89K | -$96K | $114K | -$20K | -$100K | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.75M | $305K | $284K | -$3.99M | $3.55M | -$1.83M | -$11K | -$666K | $3.32M | $618K | $1.13M | -$357K | $641K | $715K | -$617K | -$295K | -$860K | $1.33M | $435K | -$971K | $0 | $0 | $0 | -$1.63M | $1.58M | -$790K | $810K | $0 | $0 | $0 | $0 |
| Other Working Capital | -$3.7M | -$435K | -$749K | $1.83M | -$3.08M | -$606K | -$3.43M | $4.6M | $660K | $1.75M | $2.58M | -$6.39M | -$254K | $1.42M | $1.22M | $77K | -$3.19M | -$429K | -$1.82M | -$228K | $1.67M | $510K | $2.94M | -$4.52M | $423K | -$1.77M | $857K | $0 | -$900K | -$300K | $0 |
| Total Working Capital Change | $3.44M | $2.57M | -$1.45M | -$8.31M | $158K | -$5.04M | -$3.34M | $3.91M | $3.84M | $2.23M | $3.03M | -$7.01M | $712K | $1.5M | $580K | $46K | -$4.73M | $2.22M | -$3.33M | -$380K | $1.59M | $379K | $2.85M | -$6.38M | $1.47M | -$2.21M | $1.2M | $1.4M | -$900K | -$300K | -$1M |
| Other Non-Cash Items | -$1.15M | -$549K | -$796K | -$472K | -$556K | -$781K | -$886K | -$427K | -$227K | -$146K | -$163K | -$212K | -$208K | -$205K | -$100K | -$183K | -$413K | -$759K | -$324K | -$1.61M | -$223K | -$301K | -$230K | $2.86M | $2.47M | $2.28M | -$100K | $2M | $2.1M | $1.9M | $2.8M |
| Net Cash from Operating | $40.35M | $36.82M | $31.85M | $24.27M | $31.31M | $20.36M | $18.87M | $29.14M | $35.78M | $29.78M | $28.29M | $18.35M | $21.02M | $23.37M | $19.22M | $18.11M | $13.38M | $18.18M | $11.63M | $12.72M | $13.87M | $11.43M | $14.11M | $2.75M | $8.89M | $3.95M | $7.5M | $7.4M | $4.1M | $4.3M | $3.1M |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditures | -$58.84M | -$45.94M | -$62.18M | -$48.48M | -$40.81M | -$34.28M | -$40.68M | -$49.05M | -$41.09M | -$28.25M | -$20.69M | -$23.73M | -$21.19M | -$20.55M | -$15.79M | -$19.63M | -$17.39M | -$45.06M | -$26.74M | -$30.89M | -$20.16M | -$28.6M | -$24.56M | -$18.4M | -$21.34M | -$14.37M | -$15.3M | -$14.3M | -$11.2M | -$8.1M | -$12M |
| Acquisitions | $129K | $0 | $0 | -$6.34M | $90K | -$5.74M | $51K | $49K | $87K | $96K | $48K | $0 | $0 | $0 | $0 | $0 | $0 | -$4.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $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 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $37K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $623K | $99K | $65K | $90K | $46K | $0 | $49K | $87K | $96K | $48K | $35K | $33K | $29K | $55K | $61K | $43K | $62K | $27K | $1.36M | $6K | $7K | $22K | -$2K | $11K | -$5K | -$15.34M | $0 | $300K | $2.1M | $0 |
| Net Cash from Investing | -$58.72M | -$45.32M | -$62.08M | -$54.76M | -$40.72M | -$39.97M | -$40.63M | -$49M | -$41.01M | -$28.16M | -$20.65M | -$23.7M | -$21.16M | -$20.52M | -$15.73M | -$19.57M | -$17.35M | -$49.77M | -$26.71M | -$29.49M | -$20.16M | -$28.59M | -$24.54M | -$18.4M | -$21.33M | -$14.37M | -$15.3M | -$14.3M | -$10.9M | -$6M | -$12M |
| Financing Activities | |||||||||||||||||||||||||||||||
| Debt Repaid | $2.27M | $1.5M | -$3.6M | -$23.63M | -$2.3M | $1.77M | -$28.27M | -$10.66M | $1.22M | $1.29M | $1.26M | $443K | $726K | $889K | -$1.65M | $949K | $1.52M | -$14.68M | $7.53M | $298K | -$1.82M | -$5.32M | -$26.32M | -$467K | -$12.74M | -$11.2M | $900K | -$6.4M | -$6.9M | $7.4M | -$7.4M |
| Common Stock Issuance | $342K | $347K | $37.07M | $2.09M | $1.39M | $1.54M | $1.03M | $956K | $1.71M | $1.83M | $3.05M | $1.65M | $2.44M | $2.08M | $17.18M | $1.92M | $1.4M | $1.31M | $12.33M | $1.77M | $1.3M | $1.12M | $769K | $15.56M | $590K | $280K | $8M | $400K | $600K | $9.8M | $200K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K | -$100K |
| Dividends Paid | -$12.68M | -$12.17M | -$11.24M | -$10.32M | -$9.83M | -$9.38M | -$9.12M | -$8.82M | -$8.5M | -$8.18M | -$7.81M | -$7.52M | -$7.21M | -$6.85M | -$6.19M | -$5.68M | -$5.38M | -$5.19M | -$4.46M | -$3.71M | -$3.47M | -$3.27M | -$3.18M | -$2.72M | -$2.3M | -$2.26M | -$2.2M | -$1.8M | -$1.7M | -$1.4M | -$800K |
| Other Financing Activities | $26.09M | $20.44M | $22.52M | $16.3M | $15.8M | $9.25M | $11.35M | $11.04M | $13.19M | $9.39M | $9.4M | $3.32M | $5.82M | $4.13M | $1.71M | $1.93M | $2.21M | $1.78M | $15.84M | $12.38M | $7.17M | $13.7M | -$13.12M | $2.27M | $2.17M | $1.57M | $3.1M | $2M | $1.1M | $700K | $2.1M |
| Net Cash from Financing | $17.27M | $7.14M | $31.42M | $31.71M | $9.48M | $19.05M | $22.06M | $19.2M | $5.95M | -$1.61M | -$7.67M | $5.17M | -$62K | -$2.55M | -$3.36M | $1.17M | $1.55M | $31.97M | $16.19M | $16.82M | $6.43M | $17.24M | $10.69M | $15.47M | $13.1M | $10.69M | $7.9M | $6.9M | $6.8M | $1.6M | $8.8M |
| Forex Effect | $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 | -$92K | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.09M | -$1.36M | $1.2M | $1.22M | $64K | -$568K | $303K | -$659K | $726K | $17K | -$34K | -$179K | -$195K | $306K | $132K | -$295K | -$2.42M | $374K | $1.11M | $55K | $142K | $89K | $254K | -$179K | $661K | $270K | $0 | $0 | $0 | $0 | -$100K |
| Supplementary Data | |||||||||||||||||||||||||||||||
| Operating Cash Flow | $40.35M | $36.82M | $31.85M | $24.27M | $31.31M | $20.36M | $18.87M | $29.14M | $35.78M | $29.78M | $28.29M | $18.35M | $21.02M | $23.37M | $19.22M | $18.11M | $13.38M | $18.18M | $11.63M | $12.72M | $13.87M | $11.43M | $14.11M | $2.75M | $8.89M | $3.95M | $7.5M | $7.4M | $4.1M | $4.3M | $3.1M |
| Capital Expenditure | -$58.84M | -$45.94M | -$62.18M | -$48.48M | -$40.81M | -$34.28M | -$40.68M | -$49.05M | -$41.09M | -$28.25M | -$20.69M | -$23.73M | -$21.19M | -$20.55M | -$15.79M | -$19.63M | -$17.39M | -$45.06M | -$26.74M | -$30.89M | -$20.16M | -$28.6M | -$24.56M | -$18.4M | -$21.34M | -$14.37M | -$15.3M | -$14.3M | -$11.2M | -$8.1M | -$12M |
| Free Cash Flow | -$18.5M | -$9.12M | -$30.33M | -$24.22M | -$9.5M | -$13.92M | -$21.81M | -$19.91M | -$5.32M | $1.53M | $7.59M | -$5.38M | -$166K | $2.83M | $3.44M | -$1.52M | -$4.01M | -$26.88M | -$15.11M | -$18.17M | -$6.29M | -$17.16M | -$10.46M | -$15.65M | -$12.45M | -$10.41M | -$7.8M | -$6.9M | -$7.1M | -$3.8M | -$8.9M |
| Cash at Beginning | $1.15M | $2.5M | $1.31M | $92K | $28K | $596K | $293K | $952K | $226K | $209K | $243K | $422K | $617K | $311K | $179K | $474K | $2.89M | $2.52M | $1.41M | $1.36M | $1.22M | $1.13M | $874K | $1.05M | $392K | $122K | $100K | $100K | $100K | $100K | $200K |
| Cash at End | $52K | $1.15M | $2.5M | $1.31M | $92K | $28K | $596K | $293K | $952K | $226K | $209K | $243K | $422K | $617K | $311K | $179K | $474K | $2.89M | $2.52M | $1.41M | $1.36M | $1.22M | $1.13M | $874K | $1.05M | $392K | $100K | $100K | $100K | $100K | $100K |