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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%
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 (at or above 1.5: strong)
Debt/Equity 0.45 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 97.00 (above 35: high)
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% (at or above 10%: strong)
Next 5Y EPS Growth —

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to November

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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. $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.

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

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stockrow.com/ARTW · Data as of Oct 15, 2026 · For information only; not investment advice. · © 2026 stockrow.com