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Friday 6 November 2026 Export ARTW’s income statement to Excel — free account

Art's-Way Manufacturing Co., Inc.

ARTW Industrials Farm & Heavy Construction Machinery

Art's-Way Manufacturing Co., Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.0 million, down 6.22% from fiscal 2024.

Revenue
−12.7%
EPS
−160.0%
Free cash flow
+100.9%
Total debt
+21.4%

Quarter to August 2026, against a year earlier

2.84 0.10 +3.65%
Market cap
$14.3M
P/E
0.0×
Fwd P/E
97.0×
Dividend yield
—
F-score
3/9
Altman Z
2.82
Beneish M
−2.12
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 61.55%

Capital & Financial Ratios $m

Size
Market Cap 14.26
Revenue ttm 25.18
Net income ttm (0.42)
Free cash flow ttm (0.91)
Net debt Q 6.15
Valuation
P/E 0.00
Forward P/E 97.00 (above 35: high)
Price / sales 0.57
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.05
Financial health
Current ratio Q 1.71 (at or above 1.5: strong)
Debt / equity Q 0.45 (at or below 0.5: strong)
Interest coverage Q (0.62)
Growth
Revenue growth Q −12.70% (below 0%: shrinking)
Operating income growth Q −120.31% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A +13.76% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.8×; over the ten years it ranged from 0.5× in 2024 to 1.2× in 2022.
P/S against its own 10 years 76.08%
10-year low 10-year high
P/B against its own 10 years 76.19%
10-year low 10-year high
EV/Sales against its own 10 years 68.34%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 0 0 0 0
Receivables 3 2 2 5
Inventory 11 10 12 11
Other 1 0 1 1
15 13 15 17
2023 2024 2025 Q'26
Payables 2 1 1 1
ST’ Debt 5 2 3 4
Other 1 2 1 4
9 7 6 10

Compound Annual Growth %

10y 5y 3y
Sales (1.35%) 0.50% (3.60%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 119.54%
Book Value (3.25%) 6.08% 6.07%

EPS $

Feb May Aug Nov Year
’26 0.04 0.03 (0.03) — —
’25 (0.01) 0.29 0.05 (0.13) 0.20
’24 (0.09) 0.00 0.00 0.17 0.06
’23 0.07 0.06 0.05 (0.06) 0.05
’22 (0.09) 0.04 0.05 0.02 0.02
’21 (0.07) 0.01 0.01 0.09 0.05
’20 (0.10) (0.18) (0.10) (0.10) (0.48)
Fiscal quarters ending in the months shown.

Revenue $m

Feb May Aug Nov Year
’26 7 8 6 — —
’25 5 6 6 5 23
’24 6 7 6 6 24
’23 7 8 8 7 30
’22 6 7 7 5 26
’21 5 6 7 7 25
’20 5 5 6 5 22
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Feb May Aug Nov Year
’26 0 0 1 — —
’25 0 1 (1) (1) (1)
’24 0 1 0 1 3
’23 1 (2) 0 0 0
’22 1 (1) 0 1 1
’21 1 (2) 0 0 (1)
’20 (1) 0 1 0 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Feb May Aug Nov Year
’26 0 0 0 — —
’25 0 1 (2) (1) (1)
’24 0 1 0 1 2
’23 1 (2) 0 0 (1)
’22 1 (2) 0 1 0
’21 1 (2) 0 0 (2)
’20 (1) (1) 1 (1) (1)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to November

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Aug ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 22 21 20 23 22 25 26 30 24 23 25 +0.7% — — — —
Gross margin, % 24.68 19.71 17.80 17.16 10.71 26.42 27.06 28.35 29.84 27.28 26.01 +2.6 pt
EBT (1) (2) (4) (2) (3) 0 0 1 0 1 0 n/m
EBT margin, % (2.43) (8.66) (19.50) (7.73) (13.21) 1.07 1.72 3.60 (0.55) 6.25 (1.54) +8.7 pt
Net income 0 (1) (3) (1) (2) 0 0 1 0 1 0 n/m
Per share, $
Per share, $ Revenue 5.26 4.99 4.69 5.35 5.10 5.53 5.45 6.05 4.85 4.51 4.84 (1.7%)
Earnings (0.20) (0.39) (0.80) (0.33) (0.48) 0.05 0.02 0.05 0.06 0.20 (0.09) n/m
Cash flow 0.58 0.18 (0.27) 0.19 (0.19) (0.22) 0.20 (0.01) 0.52 (0.18) 0.18 n/m
Capex 0.22 (0.11) (0.09) 0.11 (0.11) (0.13) (0.27) (0.11) (0.14) (0.11) (0.36) n/m
Free cash flow 0.80 0.07 (0.36) 0.29 (0.31) (0.35) (0.07) (0.12) 0.38 (0.29) (0.18) n/m
Book value 4.26 3.85 3.10 2.76 2.25 2.29 2.37 2.33 2.39 2.61 2.64 (5.3%)
Shares, m 4 4 4 4 4 5 5 5 5 5 5 +2.4%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 80.09 97.00 17.41 21.81 11.10 0.00 22.7
P/S 0.62 0.54 0.51 0.34 0.49 0.64 0.36 0.34 0.34 0.49 0.57 0.5
P/B 0.76 0.70 0.77 0.66 1.10 1.54 0.82 0.89 0.69 0.85 1.05 0.9
EV/Sales 0.87 0.79 0.82 0.55 0.72 0.92 0.64 0.60 0.52 0.76 0.82 0.7
EV/FCF 5.71 59.24 (10.78) 10.00 (11.84) (14.46) (52.07) (29.79) 6.73 (11.75) (22.56) (4.9)
Cash, $m
Cash, $m Operating cash flow 2 1 (1) 1 (1) (1) 1 0 3 (1) 1 n/m
Capex 1 0 0 0 (1) (1) (1) (1) (1) (1) (2) n/m
Free cash flow 3 0 (2) 1 (1) (2) 0 (1) 2 (1) (1) n/m
Balance, $m
Balance, $m Working capital 11 9 6 6 4 4 5 6 6 8 7 (2.6%)
Net debt 5 5 6 5 5 7 7 8 5 6 6 +1.4%
Shareholders’ equity 17 16 13 12 10 10 11 12 12 13 14 (3.0%)
Returns, %
Returns, % ROA (2.80) (6.34) (14.82) (6.98) (11.03) 1.07 0.44 1.10 1.35 4.73 (1.73) +7.5 pt
ROIC (1.18) (5.07) (10.09) (5.62) (16.24) 1.89 2.06 4.90 1.73 0.93 (0.07) +2.1 pt
ROE (4.56) (9.78) (23.34) (11.43) (19.39) 2.10 0.91 2.34 2.59 8.15 (3.01) +12.7 pt
People
People Employees 93 88 90 79 84 92 151 95 70 98 — +0.6%
Revenue/emp, $m 0.23 0.24 0.22 0.29 0.27 0.27 0.17 0.32 0.35 0.23 — +0.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

Art's-Way Manufacturing Co., Inc. vs peers in Farm & Heavy Construction Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GENC Gencor Industries Inc. $245.1M 16.4× 16.1× +25.27% (above 0%: growing) +50.00% (above 0%: growing) +29.47% (above 0%: growing) 27.91% 17.16% Compare
BNC BNB Standard Corporation $222.9M 2.2× — (loss-making) −4.57% (below 0%: shrinking) n/m −223.91% (below 0%: shrinking) 27.41% (296.32%) Compare
LEVGQ The Lion Electric Company $56.6M — (loss-making) — (loss-making) −61.88% (below 0%: shrinking) n/m +118.38% (above 0%: growing) (52.09%) (98.63%) Compare
XOS Xos, Inc. $33.8M — (loss-making) — (loss-making) −74.23% (below 0%: shrinking) n/m −158.26% (below 0%: shrinking) 12.09% (167.66%) Compare
ARTW Art's-Way Manufacturing Co., Inc. $14.3M — (loss-making) 97.0× −12.70% (below 0%: shrinking) n/m +100.85% (above 0%: growing) 29.57% (1.25%)
SCAG Scage Future - Unsponsored ADR $5.6M 7.0× — — −100.00% (below 0%: shrinking) −3,803.20% (below 0%: shrinking) — — Compare
HYFM Hydrofarm Holdings Group, Inc. $3.5M — (loss-making) — (loss-making) −40.86% (below 0%: shrinking) n/m +2.60% (above 0%: growing) 11.35% (32.00%) Compare
HCAI Huachen AI Parking Management Technology Holding Co., Ltd $1.6M — — — — — — — Compare
GP GreenPower Motor Company Inc. $1.3M — (loss-making) — (loss-making) −71.66% (below 0%: shrinking) n/m +8.99% (above 0%: growing) 79.73% (367.32%) Compare
Median of peers $19.7M 7.0× — −51.37% — +2.60% 19.75% (133.14%)

All 27 Farm & Heavy Construction Machinery stocks →

Pay and ownership Proxy statement filed 12 March 2026

Ownership

Directors and executive officers, together 51.50%
Marc H. McConnell 46.70%
McConnell Legacy Investments LLC 41.50%
Larry M. Walther 5.80%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Art's-Way Manufacturing Co., Inc. (ARTW) Latest News

9 Oct

Impact 4 · · ACCESS Newswire

10 Aug

Impact 4 ·

9 Jul

Impact 3 ·

9 Apr

Impact 4 · · ACCESS Newswire
Impact 3 · · ACCESS Newswire
Impact 3 · · ACCESSWIRE

4 Feb

Impact 4 · · ACCESS Newswire

5 Dec

Impact 3 · · Simply Wall St.

7 Oct

Impact 3 ·

11 Sep

Impact 4 · · Simply Wall St.

12 Aug

Impact 3 · · Barchart

1 Aug

Impact 3 · · Simply Wall St.

15 Jul

Impact 3 · · Simply Wall St.

10 Jul

Impact 3 · · ACCESS Newswire

28 Jun

Impact 3 · · Simply Wall St.

24 Mar

Impact 3 · · Simply Wall St.

11 Feb

Impact 4 · · ACCESS Newswire

4 Oct

Impact 3 · · ACCESSWIRE

27 May

Impact 3 · · Simply Wall St.

7 Mar

Impact 3 · · Simply Wall St.

9 Feb

Impact 4 · · ACCESSWIRE

28 Nov

Impact 4 · · Simply Wall St.

3 Nov

Impact 3 · · Simply Wall St.

11 Oct

Impact 4 · · ACCESSWIRE

28 Sep

Impact 3 · · Simply Wall St.

8 Sep

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11 Jul

Impact 4 · · ACCESSWIRE

7 Jun

Impact 4 · · ACCESSWIRE

12 May

Impact 4 · · Simply Wall St.
stockrow.com/ARTW · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com