Saturday 17 October 2026
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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. In the quarter to August 2026, revenue fell 12.7%, EPS fell 153.8%, free cash flow grew 100.9% and total debt rose 21.4%, each against the same quarter a year earlier.
3.17
0.04
−1.25%
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| Nov '16 | Nov '17 | Nov '18 | Nov '19 | Nov '20 | Nov '21 | Nov '22 | Nov '23 | Nov '24 | Nov '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 80.09 | 97.00 | 17.41 | 21.81 | 11.10 |
Piotroski F-Score |
3 | 4 | 2 | 5 | 2 | 5 | 4 | 6 | 7 | 3 |
P/S ratio |
0.62 | 0.54 | 0.51 | 0.34 | 0.49 | 0.64 | 0.36 | 0.34 | 0.34 | 0.49 |
Altman Z-Score |
2.79 | 2.65 | 2.19 | 2.56 | 1.99 | 2.90 | 2.22 | 2.62 | 2.64 | 2.82 |
P/FCF ratio |
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) |
6.11 | 5.84 | 4.16 | 4.66 | 2.33 | 3.66 | 3.34 | 3.85 | 4.66 | 5.26 |
Beneish M-Score |
(3.23) | (2.26) | (3.21) | (2.96) | (2.03) | (2.41) | (2.60) | (2.09) | (3.49) | (2.12) |
P/Operating CF |
13.10 | 14.04 | (38.77) | 17.95 | (22.00) | 61.05 | 12.11 | 22.24 | 6.92 | (12.71) |
P/B ratio |
0.76 | 0.70 | 0.77 | 0.66 | 1.10 | 1.54 | 0.82 | 0.89 | 0.69 | 0.85 |
Price to Tangible BV |
0.78 | 0.72 | 0.79 | 0.68 | 1.15 | 1.60 | 0.85 | 0.91 | 0.71 | 0.87 |
EV/Sales |
0.87 | 0.79 | 0.82 | 0.55 | 0.72 | 0.92 | 0.64 | 0.60 | 0.52 | 0.76 |
EV/EBITDA |
77.89 | 0.00 | 0.00 | 0.00 | 0.00 | 20.17 | 12.93 | 7.78 | 8.85 | 15.28 |
EV/Operating CF |
7.87 | 21.98 | (14.46) | 15.60 | (18.78) | (23.26) | 17.20 | (329.26) | 4.89 | (19.30) |
EV/FCF |
5.71 | 59.24 | (10.78) | 10.00 | (11.84) | (14.46) | (52.07) | (29.79) | 6.73 | (11.75) |
Quick Ratio |
0.39 | 0.42 | 0.29 | 0.35 | 0.39 | 0.35 | 0.27 | 0.37 | 0.36 | 0.34 |
Current Ratio |
2.50 | 2.86 | 2.11 | 2.19 | 1.67 | 1.58 | 1.53 | 1.61 | 1.98 | 2.30 |
Net Debt/EBITDA |
22.52 | (5.12) | (2.87) | (9.86) | (1.66) | 6.11 | 5.71 | 3.37 | 3.14 | 5.38 |
Debt/Assets |
23.78% | 22.28% | 29.34% | 25.92% | 27.48% | 33.34% | 30.22% | 32.27% | 21.46% | 27.37% |
Debt/Equity |
0.37 | 0.34 | 0.48 | 0.43 | 0.52 | 0.67 | 0.65 | 0.68 | 0.38 | 0.46 |
Asset Turnover |
0.74 | 0.80 | 0.86 | 1.13 | 1.17 | 1.26 | 1.14 | 1.25 | 1.07 | 1.05 |
Operating CF/Net income |
(2.90) | (0.46) | 0.33 | (0.57) | 0.41 | (4.64) | 9.73 | (0.21) | 8.54 | (0.87) |
Capex/Depreciation |
1.34 | (0.67) | (0.40) | 0.45 | (0.61) | (0.98) | (1.92) | (0.69) | (0.73) | (0.68) |
Interest Coverage |
(1.74) | (5.39) | (10.16) | (4.18) | (12.84) | 1.67 | 1.50 | 2.60 | 0.77 | 0.79 |
| (4.56%) | (9.78%) | (23.34%) | (11.43%) | (19.39%) | 2.10% | 0.91% | 2.34% | 2.59% | 8.15% | |
| (2.80%) | (6.34%) | (14.82%) | (6.98%) | (11.03%) | 1.07% | 0.44% | 1.10% | 1.35% | 4.73% | |
ROIC |
(1.18%) | (5.07%) | (10.09%) | (5.62%) | (16.24%) | 1.89% | 2.06% | 4.90% | 1.73% | 0.93% |
Return on Tangible Assets |
(4.57%) | (10.68%) | (28.16%) | (12.27%) | (22.48%) | 2.19% | 1.00% | 2.48% | 2.64% | 7.71% |
Average Days of Receivables |
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 |
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 |
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 |
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 |
0.37% | 0.55% | 1.00% | 0.85% | 1.10% | 1.06% | 1.12% | 0.96% | 0.75% | 0.78% |
Graham Net Nets |
0.59 | 0.54 | 0.38 | 0.50 | 0.13 | 0.10 | 0.15 | 0.23 | 0.48 | 0.50 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.51 | 1.03 | 2.49 | 2.01 | 3.43 |
Earnings Yield |
(5.12%) | (14.17%) | (33.89%) | (18.23%) | (19.28%) | 1.25% | 1.03% | 5.74% | 4.59% | 9.01% |
Free Cash Flow Yield |
24.64% | 2.47% | (14.94%) | 16.28% | (12.41%) | (9.92%) | (3.44%) | (5.92%) | 23.02% | (13.13%) |
Revenue per Share |
5.26 | 4.99 | 4.69 | 5.35 | 5.10 | 5.53 | 5.45 | 6.05 | 4.85 | 4.51 |
Operating CF per Share |
0.58 | 0.18 | (0.27) | 0.19 | (0.19) | (0.22) | 0.20 | (0.01) | 0.52 | (0.18) |
Capex per Share |
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 |
0.80 | 0.07 | (0.36) | 0.29 | (0.31) | (0.35) | (0.07) | (0.12) | 0.38 | (0.29) |
Cash per Share |
0.26 | 0.05 | 0.03 | 0.04 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Shareholders Equity per Share |
4.26 | 3.85 | 3.10 | 2.76 | 2.25 | 2.29 | 2.37 | 2.33 | 2.39 | 2.61 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.26 | 3.85 | 3.10 | 2.76 | 2.25 | 2.29 | 2.37 | 2.33 | 2.39 | 2.61 |
Free Cash Flow |
3.28 | 0.28 | (1.50) | 1.26 | (1.36) | (1.59) | (0.31) | (0.61) | 1.91 | (1.48) |
Working Capital |
10.57 | 9.38 | 6.38 | 6.20 | 4.14 | 4.49 | 4.87 | 5.69 | 6.49 | 8.34 |
Capital Expenditures |
0.90 | (0.47) | (0.38) | 0.45 | (0.50) | (0.60) | (1.27) | (0.55) | (0.72) | (0.58) |
Net Current Asset Value |
7.86 | 6.04 | 3.86 | 3.85 | 1.41 | 1.67 | 1.34 | 2.32 | 3.98 | 5.61 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 43.81 | 27.06 | 11.87 | 27.87 | 60.28 |
Capex to Sales |
(0.04) | 0.02 | 0.02 | (0.02) | 0.02 | 0.02 | 0.05 | 0.02 | 0.03 | 0.03 |
Price to Operating Income |
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 |
0.09 | 0.12 | 0.17 | 0.19 | 0.16 | 0.12 | 0.13 | 0.16 | 0.19 | 0.17 |
Cash ROIC |
13.12% | 1.28% | (7.73%) | 7.43% | (8.99%) | (9.16%) | (1.71%) | (3.13%) | 11.45% | (7.63%) |
Accounts Receivable Turnover |
11.01 | 11.52 | 11.44 | 14.23 | 11.01 | 9.88 | 10.00 | 10.27 | 8.44 | 10.04 |
Accounts Payable Turnover |
33.64 | 29.10 | 21.97 | 18.89 | 12.66 | 9.95 | 8.81 | 9.10 | 10.74 | 18.10 |
Inventory Turnover |
1.13 | 1.30 | 1.46 | 1.99 | 2.42 | 2.16 | 1.99 | 2.10 | 1.61 | 1.52 |
Average Days of Payables |
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 |
304.12 | 262.60 | 230.88 | 168.98 | 141.60 | 183.01 | 187.44 | 185.58 | 219.30 | 255.76 |
Average Receivables |
1.96 | 1.80 | 1.72 | 1.61 | 2.04 | 2.53 | 2.56 | 2.95 | 2.90 | 2.29 |
Average Payables |
0.48 | 0.57 | 0.74 | 1.00 | 1.58 | 1.85 | 2.12 | 2.38 | 1.60 | 0.92 |
Average Inventory |
14.36 | 12.75 | 11.11 | 9.52 | 8.27 | 8.49 | 9.41 | 10.32 | 10.68 | 11.02 |
Average Assets |
29.29 | 25.81 | 22.85 | 20.34 | 19.07 | 19.83 | 22.40 | 24.18 | 22.82 | 21.86 |
Average Common Equity |
18.00 | 16.73 | 14.51 | 12.42 | 10.85 | 10.13 | 10.75 | 11.40 | 11.87 | 12.70 |
Columns are period end dates · fundamentals updated 15 Oct 2026