ARTW · Arts Way Manufacturing Co Inc - 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $22.98M | $24.50M | $30.28M | $28.40M | $24.97M | $22.41M |
| Cost of Revenue | $16.71M | $17.19M | $21.70M | $21.09M | $18.37M | $20.01M |
| Gross Profit | $6.27M | $7.31M | $8.58M | $7.31M | $6.60M | $2.40M |
| R&D | $228.0K | $216.0K | $204.0K | $193.0K | $152.0K | $199.0K |
| SG&A | $4.19M | $4.78M | $4.32M | $4.23M | $3.55M | $4.21M |
| Total Operating Expenses | $5.98M | $6.85M | $7.05M | $6.97M | $6.07M | $6.31M |
| D&A | $792.1K | $868.0K | $804.8K | $807.2K | $613.4K | $818.2K |
| Operating Income | $289.5K | $460.7K | $1.53M | $332.7K | $523.4K | ($3.91M) |
| Interest Expense | $366.7K | $599.4K | $590.0K | $453.9K | $313.5K | $304.6K |
| Income Tax | $402.2K | ($41.0K) | $326.0K | $19.2K | $54.3K | ($856.5K) |
| Net Income | $1.03M | $307.4K | $267.0K | $97.8K | $212.6K | ($2.10M) |
| EPS - Basic | $0.20 | $0.06 | $0.05 | $0.02 | $0.05 | ($0.48) |
| EPS - Diluted | $0.20 | $0.06 | $0.05 | $0.02 | $0.05 | ($0.48) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.8K | $1.9K | $4.0K | $5.1K | $2.7K | $2.7K |
| Accounts Receivable | $2.20M | $2.37M | $3.43M | $2.72M | $2.66M | $2.39M |
| Inventory | $11.71M | $10.33M | $11.03M | $10.61M | $9.21M | $7.76M |
| Accounts Payable | $902.3K | $944.4K | $2.26M | $2.63M | $1.74M | $1.96M |
| Current Assets | $14.78M | $13.12M | $15.09M | $14.13M | $12.17M | $10.30M |
| Total Assets | $22.48M | $21.24M | $24.40M | $23.95M | $20.85M | $18.80M |
| Current Liabilities | $6.44M | $6.63M | $9.40M | $9.27M | $7.69M | $6.16M |
| Long-term Debt | $2.33M | $1.98M | $2.63M | $2.90M | $2.64M | $2.71M |
| Total Liabilities | $9.17M | $9.15M | $12.76M | $12.80M | $10.50M | $8.90M |
| Stockholders' Equity | $13.31M | $12.09M | $11.64M | $11.15M | $10.35M | $9.91M |
| Retained Earnings | $8.36M | $7.33M | $7.02M | $6.75M | $6.66M | $6.44M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($904.1K) | $2.63M | ($55.2K) | $951.7K | ($985.9K) | ($856.3K) |
| Investing Cash Flow | ($580.5K) | $961.1K | ($453.5K) | ($1.34M) | ($599.5K) | ($501.6K) |
| Financing Cash Flow | $1.49M | ($3.59M) | $507.7K | $394.5K | $1.59M | $1.36M |
| CapEx | $627.6K | $724.7K | $841.8K | $1.75M | $620.3K | $693.4K |
| Free Cash Flow | ($1.53M) | $1.90M | ($897.0K) | ($795.6K) | ($1.61M) | ($1.55M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 27.3% | 29.8% | 28.3% | 25.7% | 26.4% | 10.7% |
| Operating margin | 1.3% | 1.9% | 5.1% | 1.2% | 2.1% | -17.4% |
| EBITDA margin | 4.7% | 5.4% | 7.7% | 4.0% | 4.6% | -13.8% |
| Net margin | 4.5% | 1.3% | 0.9% | 0.3% | 0.9% | -9.4% |
| Free cash flow margin | -6.7% | 7.8% | -3.0% | -2.8% | -6.4% | -6.9% |
| FCF / Net income | -1.48 | 6.19 | -3.36 | -8.14 | -7.55 | 0.74 |
| R&D / Revenue | 1.0% | 0.9% | 0.7% | 0.7% | 0.6% | 0.9% |
| SG&A / Revenue | 18.3% | 19.5% | 14.3% | 14.9% | 14.2% | 18.8% |
| Effective tax rate | 28.0% | -15.4% | 55.0% | 16.4% | 20.3% | - |
| Return on assets | 4.6% | 1.4% | 1.1% | 0.4% | 1.0% | -11.2% |
| Return on equity | 7.8% | 2.5% | 2.3% | 0.9% | 2.1% | -21.2% |
| Return on invested capital | 1.3% | 3.3% | 5.4% | 2.0% | 3.2% | -24.5% |
| Liquidity | ||||||
| Current ratio | 2.30 | 1.98 | 1.61 | 1.53 | 1.58 | 1.67 |
| Quick ratio | 0.48 | 0.42 | 0.43 | 0.38 | 0.39 | 0.41 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Leverage | ||||||
| Debt / Equity | 0.17 | 0.16 | 0.23 | 0.26 | 0.25 | 0.27 |
| Debt / Assets | 0.10 | 0.09 | 0.11 | 0.12 | 0.13 | 0.14 |
| Debt / EBITDA | 2.15 | 1.49 | 1.13 | 2.55 | 2.32 | - |
| Interest coverage | 0.8x | 0.8x | 2.6x | 0.7x | 1.7x | -12.8x |
| Equity multiplier | 1.69 | 1.76 | 2.10 | 2.15 | 2.01 | 1.90 |
| Liabilities / Assets | 0.41 | 0.43 | 0.52 | 0.53 | 0.50 | 0.47 |
| Efficiency | ||||||
| Asset turnover | 1.02 | 1.15 | 1.24 | 1.19 | 1.20 | 1.19 |
| Inventory turnover | 1.43 | 1.66 | 1.97 | 1.99 | 1.99 | 2.58 |
| Days sales outstanding | 35d | 35d | 41d | 35d | 39d | 39d |
| Days inventory outstanding | 256d | 219d | 186d | 184d | 183d | 142d |
| Days payable outstanding | 20d | 20d | 38d | 46d | 35d | 36d |
| Cash conversion cycle | 271d | 235d | 189d | 173d | 187d | 145d |
| Valuation | ||||||
| P / E | 11.8x | 28.3x | 41.2x | 97.0x | 70.8x | - |
| P / B | 0.9x | 0.7x | 0.9x | 0.8x | 1.5x | 1.1x |
| P / S | 0.5x | 0.4x | 0.3x | 0.3x | 0.6x | 0.5x |
| EV / EBITDA | 13.3x | 7.9x | 5.5x | 10.6x | 16.4x | - |
| Growth | ||||||
| Revenue growth (YoY) | -6.2% | -19.1% | 6.6% | 13.8% | 11.4% | -2.1% |
| Revenue CAGR (3y) | -6.8% | -0.6% | 10.6% | 7.5% | 6.4% | 2.7% |
| Revenue CAGR (5y) | 0.5% | 1.4% | 7.9% | 6.5% | 3.0% | -4.3% |
| Gross profit growth (YoY) | -14.3% | -14.8% | 17.5% | 10.8% | 174.9% | -38.9% |
| Operating income growth (YoY) | -37.2% | -69.9% | 360.3% | -36.4% | - | -161.2% |
| Net income growth (YoY) | 236.7% | 15.1% | 173.0% | -54.0% | - | -48.2% |
| EPS growth (YoY) | 233.3% | 20.0% | 150.0% | -60.0% | - | -45.5% |
| EPS CAGR (3y) | 115.4% | 6.3% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -12.7% | 50.5% | -3.6% | - |
| FCF CAGR (5y) | - | 39.4% | - | - | - | - |
| Book value growth (YoY) | 10.0% | 3.9% | 4.4% | 7.7% | 4.5% | -16.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-11-30.
Business segments
$22.98M totalAgricultural Products$12.75M · 55.5%
Modular Buildings$10.23M · 44.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.25
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Farm Machinery & Equipment
Comparing ARTS WAY MANUFACTURING CO INC against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Feb 10, 2015 | $0.0500 |
| Nov 21, 2013 | $0.1000 |
| Nov 15, 2012 | $0.1000 |
| Nov 9, 2011 | $0.0600 |
| Nov 9, 2010 | $0.0600 |
| Nov 12, 2009 | $0.0600 |
| Nov 12, 2008 | $0.0600 |
| Nov 13, 2007 | $0.0500 |
| Nov 13, 2006 | $0.0250 |
| Nov 10, 2005 | $0.0250 |