Saturday 17 October 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. 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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Market cap: $16.7M
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 Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 61.74%

Capital & Financial Ratios $m

Market Cap 16.72

Revenue 25.18

Net Income (0.42)

Free Cash Flow (0.91)

Net Debt 6.15

Current Ratio 1.71

Debt/Equity 0.45

P/E ratio 0.00

Fwd P/E 97.00

P/S ratio 0.65

P/B ratio 1.20

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 13.76%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 88.72%

10-year low 10-year high

P/B against its own 10 years 85.22%

10-year low 10-year high

EV/Sales against its own 10 years 86.10%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

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%

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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.46	2.00	1.89	1.75	1.75	2.71	1.80	1.88	1.33	1.43	Analyst estimates 2026–2028 Powerpack
	High	3.45	4.70	5.45	3.81	4.37	5.48	7.70	3.11	4.15	4.71
People
People	Employees	93	88	90	79	84	92	151	95	70	98
	Revenue/emp, $m	0.23	0.24	0.22	0.29	0.27	0.27	0.17	0.32	0.35	0.23
Income, $m
Income, $m	Revenue	22	21	20	23	22	25	26	30	24	23
	Gross margin, %	24.68	19.71	17.80	17.16	10.71	26.42	27.06	28.35	29.84	27.28
	EBT	(1)	(2)	(4)	(2)	(3)	0	0	1	0	1
	EBT margin, %	(2.43)	(8.66)	(19.50)	(7.73)	(13.21)	1.07	1.72	3.60	(0.55)	6.25
	Net income	0	(1)	(3)	(1)	(2)	0	0	1	0	1
	Depreciation	1	1	1	1	1	1	1	1	1	1
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
	Earnings	(0.20)	(0.33)	(0.80)	(0.33)	(0.48)	0.05	0.02	0.05	0.06	0.20
	Cash flow	0.58	0.18	(0.27)	0.19	(0.19)	(0.22)	0.20	(0.01)	0.52	(0.18)
	Capex	0.22	(0.11)	(0.09)	0.11	(0.11)	(0.13)	(0.27)	(0.11)	(0.14)	(0.11)
	Free cash flow	0.80	0.07	(0.36)	0.29	(0.31)	(0.35)	(0.07)	(0.12)	0.38	(0.29)
	Book value	4.26	3.85	3.10	2.76	2.25	2.29	2.37	2.33	2.39	2.61
	Shares, m	4	4	4	4	4	5	5	5	5	5
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	80.09	97.00	17.41	21.81	11.10
	P/S	0.62	0.54	0.51	0.34	0.49	0.64	0.36	0.34	0.34	0.49
	P/B	0.76	0.70	0.77	0.66	1.10	1.54	0.82	0.89	0.69	0.85
	EV/Sales	0.87	0.79	0.82	0.55	0.72	0.92	0.64	0.60	0.52	0.76
	EV/FCF	5.71	59.24	(10.78)	10.00	(11.84)	(14.46)	(52.07)	(29.79)	6.73	(11.75)
Cash, $m
Cash, $m	Operating cash flow	2	1	(1)	1	(1)	(1)	1	0	3	(1)
	Capex	1	0	0	0	(1)	(1)	(1)	(1)	(1)	(1)
	Free cash flow	3	0	(2)	1	(1)	(2)	0	(1)	2	(1)
Balance, $m
Balance, $m	Working capital	11	9	6	6	4	4	5	6	6	8
	Total debt	6	5	6	5	5	7	7	8	5	6
	Net debt	5	5	6	5	5	7	7	8	5	6
	Shareholders’ equity	17	16	13	12	10	10	11	12	12	13
Returns, %
Returns, %	ROA	(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
	ROE	(4.56)	(9.78)	(23.34)	(11.43)	(19.39)	2.10	0.91	2.34	2.59	8.15

Negative figures in brackets.

All 10 years →

Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 15 Oct 2026

Charts ten years each

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.	$259.9M	17.6×	15.3×	+25.27% (above 0%: growing)	+50.00% (above 0%: growing)	+29.47% (above 0%: growing)	27.91%	17.16%	Compare
BNC BNB Standard Corporation	$195.6M	1.2×	— (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.	$42.5M	— (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.	$16.7M	— (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	$12.5M	1.1×	—	—	−100.00% (below 0%: shrinking)	−3,803.20% (below 0%: shrinking)	—	—	Compare
HYFM Hydrofarm Holdings Group, Inc.	$3.8M	— (loss-making)	— (loss-making)	−40.86% (below 0%: shrinking)	n/m	+2.60% (above 0%: growing)	11.35%	(32.00%)	Compare
GP GreenPower Motor Company Inc.	$3.7M	— (loss-making)	— (loss-making)	−71.66% (below 0%: shrinking)	n/m	+8.99% (above 0%: growing)	79.73%	(367.32%)	Compare
HCAI Huachen AI Parking Management Technology Holding Co., Ltd	$2.3M	—	—	—	—	—	—	—	Compare
Median of peers	$27.5M	1.2×	—	−51.37%	—	+2.60%	19.75%	(133.14%)

All 27 Farm & Heavy Construction Machinery stocks →

Art's-Way Manufacturing Co., Inc. (ARTW) key facts

Concern: 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.
Art's-Way Manufacturing Co., Inc. (ARTW) is a Farm & Heavy Construction Machinery company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, ARTW traded at $3.17, a market capitalization of $16.7 million.
Return on equity was 8.15% and debt-to-equity 0.45.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 2.82 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 15, 2026.