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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

2.73 0.01 −0.36%

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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

	Nov '16	Nov '17	Nov '18	Nov '19	Nov '20	Nov '21	Nov '22	Nov '23	Nov '24	Nov '25
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	80.09	97.00	17.41	21.81	11.10
Piotroski F-Score Full definition →	3	4	2	5	2	5	4	6	7	3
P/S ratio Full definition →	0.62	0.54	0.51	0.34	0.49	0.64	0.36	0.34	0.34	0.49
Altman Z-Score Full definition →	2.79	2.65	2.19	2.56	1.99	2.90	2.22	2.62	2.64	2.82
P/FCF ratio Full definition →	4.06	40.42	0.00	6.14	0.00	0.00	0.00	0.00	4.34	0.00
Altman Z″-Score (non-manufacturers) Full definition →	6.11	5.84	4.16	4.66	2.33	3.66	3.34	3.85	4.66	5.26
Beneish M-Score Full definition →	(3.23)	(2.26)	(3.21)	(2.96)	(2.03)	(2.41)	(2.60)	(2.09)	(3.49)	(2.12)
P/Operating CF Full definition →	13.10	14.04	(38.77)	17.95	(22.00)	61.05	12.11	22.24	6.92	(12.71)
P/B ratio Full definition →	0.76	0.70	0.77	0.66	1.10	1.54	0.82	0.89	0.69	0.85
Price to Tangible BV Full definition →	0.78	0.72	0.79	0.68	1.15	1.60	0.85	0.91	0.71	0.87
EV/Sales Full definition →	0.87	0.79	0.82	0.55	0.72	0.92	0.64	0.60	0.52	0.76
EV/EBITDA Full definition →	77.89	0.00	0.00	0.00	0.00	20.17	12.93	7.78	8.85	15.28
EV/Operating CF Full definition →	7.87	21.98	(14.46)	15.60	(18.78)	(23.26)	17.20	(329.26)	4.89	(19.30)
EV/FCF Full definition →	5.71	59.24	(10.78)	10.00	(11.84)	(14.46)	(52.07)	(29.79)	6.73	(11.75)
Quick Ratio Full definition →	0.39	0.42	0.29	0.35	0.39	0.35	0.27	0.37	0.36	0.34
Current Ratio Full definition →	2.50	2.86	2.11	2.19	1.67	1.58	1.53	1.61	1.98	2.30
Net Debt/EBITDA Full definition →	22.52	(5.12)	(2.87)	(9.86)	(1.66)	6.11	5.71	3.37	3.14	5.38
Debt/Assets Full definition →	23.78%	22.28%	29.34%	25.92%	27.48%	33.34%	30.22%	32.27%	21.46%	27.37%
Debt/Equity Full definition →	0.37	0.34	0.48	0.43	0.52	0.67	0.65	0.68	0.38	0.46
Asset Turnover Full definition →	0.74	0.80	0.86	1.13	1.17	1.26	1.14	1.25	1.07	1.05
Operating CF/Net income Full definition →	(2.90)	(0.46)	0.33	(0.57)	0.41	(4.64)	9.73	(0.21)	8.54	(0.87)
Capex/Depreciation Full definition →	1.34	(0.67)	(0.40)	0.45	(0.61)	(0.98)	(1.92)	(0.69)	(0.73)	(0.68)
Interest Coverage Full definition →	(1.74)	(5.39)	(10.16)	(4.18)	(12.84)	1.67	1.50	2.60	0.77	0.79
ROE Full definition →	(4.56%)	(9.78%)	(23.34%)	(11.43%)	(19.39%)	2.10%	0.91%	2.34%	2.59%	8.15%
ROA Full definition →	(2.80%)	(6.34%)	(14.82%)	(6.98%)	(11.03%)	1.07%	0.44%	1.10%	1.35%	4.73%
ROIC Full definition →	(1.18%)	(5.07%)	(10.09%)	(5.62%)	(16.24%)	1.89%	2.06%	4.90%	1.73%	0.93%
Return on Tangible Assets Full definition →	(4.57%)	(10.68%)	(28.16%)	(12.27%)	(22.48%)	2.19%	1.00%	2.48%	2.64%	7.71%
Average Days of Receivables Full definition →	28.55	33.66	28.44	26.79	38.94	38.93	35.11	41.37	35.35	34.98
Research and Development Expense of Revenue Full definition →	1.99%	2.42%	3.25%	2.09%	2.13%	2.02%	2.26%	1.98%	1.77%	1.50%
Selling, General and Administrative Expense of Revenue Full definition →	24.48%	25.26%	27.25%	21.61%	26.03%	22.30%	22.43%	21.32%	26.19%	24.52%
Intangible Assets out of Total Assets Full definition →	0.01	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.37%	0.55%	1.00%	0.85%	1.10%	1.06%	1.12%	0.96%	0.75%	0.78%
Graham Net Nets Full definition →	0.59	0.54	0.38	0.50	0.13	0.10	0.15	0.23	0.48	0.50
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	1.51	1.03	2.49	2.01	3.43
Earnings Yield Full definition →	(5.12%)	(14.17%)	(33.89%)	(18.23%)	(19.28%)	1.25%	1.03%	5.74%	4.59%	9.01%
Free Cash Flow Yield Full definition →	24.64%	2.47%	(14.94%)	16.28%	(12.41%)	(9.92%)	(3.44%)	(5.92%)	23.02%	(13.13%)
Revenue per Share Full definition →	5.26	4.99	4.69	5.35	5.10	5.53	5.45	6.05	4.85	4.51
Operating CF per Share Full definition →	0.58	0.18	(0.27)	0.19	(0.19)	(0.22)	0.20	(0.01)	0.52	(0.18)
Capex per Share Full definition →	0.22	(0.11)	(0.09)	0.11	(0.11)	(0.13)	(0.27)	(0.11)	(0.14)	(0.11)
Free Cash Flow per Share Full definition →	0.80	0.07	(0.36)	0.29	(0.31)	(0.35)	(0.07)	(0.12)	0.38	(0.29)
Cash per Share Full definition →	0.26	0.05	0.03	0.04	0.01	0.00	0.00	0.00	0.00	0.00
Shareholders Equity per Share Full definition →	4.26	3.85	3.10	2.76	2.25	2.29	2.37	2.33	2.39	2.61
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	4.26	3.85	3.10	2.76	2.25	2.29	2.37	2.33	2.39	2.61
Free Cash Flow Full definition →	3.28	0.28	(1.50)	1.26	(1.36)	(1.59)	(0.31)	(0.61)	1.91	(1.48)
Working Capital Full definition →	10.57	9.38	6.38	6.20	4.14	4.49	4.87	5.69	6.49	8.34
Capital Expenditures Full definition →	0.90	(0.47)	(0.38)	0.45	(0.50)	(0.60)	(1.27)	(0.55)	(0.72)	(0.58)
Net Current Asset Value Full definition →	7.86	6.04	3.86	3.85	1.41	1.67	1.34	2.32	3.98	5.61
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	43.81	27.06	11.87	27.87	60.28
Capex to Sales Full definition →	(0.04)	0.02	0.02	(0.02)	0.02	0.02	0.05	0.02	0.03	0.03
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	30.54	15.10	6.73	17.98	39.05
Other line items
Depreciation/Fixed assets Full definition →	0.09	0.12	0.17	0.19	0.16	0.12	0.13	0.16	0.19	0.17
Cash ROIC Full definition →	13.12%	1.28%	(7.73%)	7.43%	(8.99%)	(9.16%)	(1.71%)	(3.13%)	11.45%	(7.63%)
Accounts Receivable Turnover Full definition →	11.01	11.52	11.44	14.23	11.01	9.88	10.00	10.27	8.44	10.04
Accounts Payable Turnover Full definition →	33.64	29.10	21.97	18.89	12.66	9.95	8.81	9.10	10.74	18.10
Inventory Turnover Full definition →	1.13	1.30	1.46	1.99	2.42	2.16	1.99	2.10	1.61	1.52
Average Days of Payables Full definition →	10.55	14.78	18.06	23.20	35.67	34.52	48.98	37.96	20.05	19.71
Days of Inventory on Hand Full definition →	304.12	262.60	230.88	168.98	141.60	183.01	187.44	185.58	219.30	255.76
Average Receivables Full definition →	1.96	1.80	1.72	1.61	2.04	2.53	2.56	2.95	2.90	2.29
Average Payables Full definition →	0.48	0.57	0.74	1.00	1.58	1.85	2.12	2.38	1.60	0.92
Average Inventory Full definition →	14.36	12.75	11.11	9.52	8.27	8.49	9.41	10.32	10.68	11.02
Average Assets Full definition →	29.29	25.81	22.85	20.34	19.07	19.83	22.40	24.18	22.82	21.86
Average Common Equity Full definition →	18.00	16.73	14.51	12.42	10.85	10.13	10.75	11.40	11.87	12.70

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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