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Side-by-side financial comparison of ARTESIAN RESOURCES CORP (ARTNA) and FITLIFE BRANDS, INC. (FTLF). Click either name above to swap in a different company.

ARTESIAN RESOURCES CORP is the larger business by last-quarter revenue ($28.0M vs $25.9M, roughly 1.1× FITLIFE BRANDS, INC.). ARTESIAN RESOURCES CORP runs the higher net margin — 14.8% vs 6.3%, a 8.4% gap on every dollar of revenue. On growth, FITLIFE BRANDS, INC. posted the faster year-over-year revenue change (72.6% vs 4.3%). FITLIFE BRANDS, INC. produced more free cash flow last quarter ($239.0K vs $-7.9M). Over the past eight quarters, FITLIFE BRANDS, INC.'s revenue compounded faster (25.1% CAGR vs 6.8%).

Artesian Resources Corp is a US-headquartered regulated water utility and wastewater service provider, primarily serving residential, commercial, industrial and municipal customers across Delaware. It focuses on delivering safe, reliable drinking water supply and sustainable wastewater treatment solutions to local communities.

FitLife Brands, Inc. is a health and wellness firm developing, marketing and distributing premium nutritional supplements, sports nutrition products and weight management solutions. It serves North American fitness enthusiasts, athletes and health-focused consumers via retail and e-commerce channels.

ARTNA vs FTLF — Head-to-Head

Bigger by revenue
ARTNA
ARTNA
1.1× larger
ARTNA
$28.0M
$25.9M
FTLF
Growing faster (revenue YoY)
FTLF
FTLF
+68.2% gap
FTLF
72.6%
4.3%
ARTNA
Higher net margin
ARTNA
ARTNA
8.4% more per $
ARTNA
14.8%
6.3%
FTLF
More free cash flow
FTLF
FTLF
$8.1M more FCF
FTLF
$239.0K
$-7.9M
ARTNA
Faster 2-yr revenue CAGR
FTLF
FTLF
Annualised
FTLF
25.1%
6.8%
ARTNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARTNA
ARTNA
FTLF
FTLF
Revenue
$28.0M
$25.9M
Net Profit
$4.1M
$1.6M
Gross Margin
34.5%
Operating Margin
20.6%
8.8%
Net Margin
14.8%
6.3%
Revenue YoY
4.3%
72.6%
Net Profit YoY
7.5%
-20.8%
EPS (diluted)
$0.39
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$28.0M
$25.9M
Q3 25
$30.5M
$23.5M
Q2 25
$28.5M
$16.1M
Q1 25
$25.9M
$15.9M
Q4 24
$26.9M
$15.0M
Q3 24
$29.1M
$16.0M
Q2 24
$27.4M
$16.9M
Q1 24
$24.5M
$16.5M
Net Profit
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$4.1M
$1.6M
Q3 25
$7.0M
$921.0K
Q2 25
$6.3M
$1.7M
Q1 25
$5.4M
$2.0M
Q4 24
$3.8M
$2.1M
Q3 24
$6.8M
$2.1M
Q2 24
$5.3M
$2.6M
Q1 24
$4.4M
$2.2M
Gross Margin
ARTNA
ARTNA
FTLF
FTLF
Q4 25
34.5%
Q3 25
37.2%
Q2 25
42.8%
Q1 25
43.1%
Q4 24
41.4%
Q3 24
43.8%
Q2 24
44.8%
Q1 24
44.0%
Operating Margin
ARTNA
ARTNA
FTLF
FTLF
Q4 25
20.6%
8.8%
Q3 25
28.3%
9.9%
Q2 25
27.5%
15.6%
Q1 25
21.4%
18.6%
Q4 24
21.0%
19.2%
Q3 24
29.5%
19.9%
Q2 24
26.3%
21.7%
Q1 24
19.2%
20.4%
Net Margin
ARTNA
ARTNA
FTLF
FTLF
Q4 25
14.8%
6.3%
Q3 25
22.8%
3.9%
Q2 25
22.0%
10.8%
Q1 25
21.0%
12.7%
Q4 24
14.3%
13.8%
Q3 24
23.4%
13.3%
Q2 24
19.4%
15.5%
Q1 24
18.0%
13.1%
EPS (diluted)
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$0.39
$0.16
Q3 25
$0.68
$0.09
Q2 25
$0.61
$0.18
Q1 25
$0.53
$0.20
Q4 24
$0.37
$0.22
Q3 24
$0.66
$0.21
Q2 24
$0.52
$0.27
Q1 24
$0.43
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARTNA
ARTNA
FTLF
FTLF
Cash + ST InvestmentsLiquidity on hand
$52.0K
Total DebtLower is stronger
$176.4M
Stockholders' EquityBook value
$249.9M
$43.6M
Total Assets
$851.2M
$106.3M
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$52.0K
Q3 25
$705.0K
Q2 25
$349.0K
Q1 25
$3.7M
Q4 24
$1.1M
Q3 24
$10.7M
Q2 24
$6.3M
Q1 24
$9.5M
Total Debt
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$176.4M
Q3 25
$46.5M
Q2 25
Q1 25
Q4 24
$178.7M
$13.1M
Q3 24
Q2 24
Q1 24
$16.5M
Stockholders' Equity
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$249.9M
$43.6M
Q3 25
$248.8M
$41.9M
Q2 25
$244.9M
$40.9M
Q1 25
$241.7M
$38.9M
Q4 24
$239.2M
$36.1M
Q3 24
$238.3M
$34.2M
Q2 24
$234.4M
$31.9M
Q1 24
$232.0M
$29.4M
Total Assets
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$851.2M
$106.3M
Q3 25
$833.9M
$110.0M
Q2 25
$819.3M
$62.8M
Q1 25
$808.9M
$62.2M
Q4 24
$798.6M
$58.5M
Q3 24
$796.0M
$58.6M
Q2 24
$783.1M
$57.3M
Q1 24
$798.6M
$55.5M
Debt / Equity
ARTNA
ARTNA
FTLF
FTLF
Q4 25
0.71×
Q3 25
1.11×
Q2 25
Q1 25
Q4 24
0.75×
0.36×
Q3 24
Q2 24
Q1 24
0.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARTNA
ARTNA
FTLF
FTLF
Operating Cash FlowLast quarter
$10.5M
$244.0K
Free Cash FlowOCF − Capex
$-7.9M
$239.0K
FCF MarginFCF / Revenue
-28.1%
0.9%
Capex IntensityCapex / Revenue
65.4%
0.0%
Cash ConversionOCF / Net Profit
2.53×
0.15×
TTM Free Cash FlowTrailing 4 quarters
$-18.5M
$7.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$10.5M
$244.0K
Q3 25
$11.0M
$3.7M
Q2 25
$7.9M
$1.2M
Q1 25
$11.0M
$2.3M
Q4 24
$6.7M
$957.0K
Q3 24
$10.7M
$2.0M
Q2 24
$6.9M
$1.6M
Q1 24
$12.6M
$5.0M
Free Cash Flow
ARTNA
ARTNA
FTLF
FTLF
Q4 25
$-7.9M
$239.0K
Q3 25
$-3.3M
$3.7M
Q2 25
$-7.9M
$1.2M
Q1 25
$560.0K
$2.3M
Q4 24
$-8.3M
Q3 24
$-1.9M
Q2 24
$-2.6M
Q1 24
$3.7M
$5.0M
FCF Margin
ARTNA
ARTNA
FTLF
FTLF
Q4 25
-28.1%
0.9%
Q3 25
-10.7%
15.6%
Q2 25
-27.8%
7.4%
Q1 25
2.2%
14.5%
Q4 24
-30.9%
Q3 24
-6.5%
Q2 24
-9.4%
Q1 24
15.0%
30.4%
Capex Intensity
ARTNA
ARTNA
FTLF
FTLF
Q4 25
65.4%
0.0%
Q3 25
46.7%
0.0%
Q2 25
55.6%
0.0%
Q1 25
40.2%
0.2%
Q4 24
55.9%
0.0%
Q3 24
43.1%
0.0%
Q2 24
34.5%
0.0%
Q1 24
36.4%
0.1%
Cash Conversion
ARTNA
ARTNA
FTLF
FTLF
Q4 25
2.53×
0.15×
Q3 25
1.58×
3.99×
Q2 25
1.26×
0.68×
Q1 25
2.02×
1.15×
Q4 24
1.74×
0.46×
Q3 24
1.56×
0.96×
Q2 24
1.29×
0.60×
Q1 24
2.86×
2.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARTNA
ARTNA

Water Sales$22.3M80%
Other Utility Operating Revenue$3.8M14%
Non Utility Operating Revenue$1.9M7%

FTLF
FTLF

US$24.3M94%
Other$1.7M6%

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