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

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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