For the twelve months ended Aug 31, 2026, Art's-Way Manufacturing Co. Inc. reported $25.18M of revenue and -$415.3K of net income.
ARTW revenue was $5.62M in fiscal Q3 2026 (ended Aug 31, 2026), down 12.7% from a year earlier and down 28.5% from the prior quarter. For the full fiscal 2025 it was $22.98M, down 6.2% from fiscal 2024. Compound annual growth was +0.5% over 5 years and -1.4% over 10 years. It rose in 4 of the last 10 fiscal years.
ARTW net income was -$139.7K in fiscal Q3 2026 (ended Aug 31, 2026), compared with $254.1K a year earlier. For the full fiscal 2025 it was $1.03M, up 236.7% from fiscal 2024. It rose in 3 of the last 4 fiscal years.
ARTW diluted EPS was -$0.03 in fiscal Q3 2026 (ended Aug 31, 2026), compared with $0.05 a year earlier. For the full fiscal 2025 it was $0.20, up 233.3% from fiscal 2024.
ARTW free cash flow was $12.9K in fiscal Q3 2026 (ended Aug 31, 2026), compared with -$1.53M a year earlier and down 39.7% from the prior quarter. For the full fiscal 2025 it was -$1.53M, compared with $1.90M in fiscal 2024.
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.98M | $24.50M | $30.28M | $25.65M | $24.97M | $22.41M | $22.89M | $19.73M | $20.72M | $21.56M |
| Cost of revenue | $16.71M | $17.19M | $21.70M | $18.71M | $18.37M | $20.01M | $18.96M | $16.22M | $16.63M | $16.24M |
| Gross profit | $6.27M | $7.31M | $8.58M | $6.94M | $6.60M | $2.40M | $3.93M | $3.51M | $4.08M | $5.32M |
| Research and development | $228.0K | $216.0K | $204.0K | $193.0K | $152.0K | $199.0K | $149.0K | $178.0K | $183.0K | $140.0K |
| Selling, general and admin | $4.19M | $4.78M | $4.32M | $3.85M | $3.55M | $4.21M | $3.34M | $3.44M | $3.34M | $3.44M |
| Operating income | $289.5K | $460.7K | $1.53M | $604.7K | $523.4K | -$3.91M | -$1.50M | -$3.10M | -$1.72M | -$431.4K |
| Interest expense | $366.7K | $599.4K | $590.0K | $404.2K | $313.5K | $304.6K | $358.2K | $304.6K | $319.6K | $248.6K |
| Pre-tax income | $1.44M | -$135.5K | $1.09M | $440.9K | $266.9K | -$2.96M | -$1.77M | -$3.85M | -$1.79M | -$522.8K |
| Income tax | $402.2K | -$41.0K | $326.0K | $66.8K | $54.3K | -$856.5K | -$349.2K | -$510.4K | -$423.8K | -$96.6K |
| Net income | $1.03M | $307.4K | $267.0K | $97.8K | $212.6K | -$2.10M | -$1.42M | -$3.39M | -$1.64M | -$821.3K |
| EPS, basic | $0.20 | $0.06 | $0.05 | $0.02 | $0.05 | -$0.48 | -$0.33 | -$0.81 | -$0.39 | -$0.20 |
| EPS, diluted | $0.20 | $0.06 | $0.05 | $0.02 | $0.05 | -$0.48 | -$0.33 | -$0.81 | -$0.39 | -$0.20 |
| Diluted shares | 5.1M | 5.1M | 5.0M | 4.7M | 4.5M | 4.4M | 4.3M | 4.2M | 4.2M | 4.1M |
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.8K | $1.9K | $4.0K | $5.1K | $2.7K | $2.7K | $3.1K | $3.5K | $212.4K | $1.06M |
| Receivables | $2.20M | $2.37M | $3.43M | $2.47M | $2.66M | $2.39M | $1.68M | $1.54M | $1.91M | $1.42M |
| Inventory | $11.71M | $10.33M | $11.03M | $9.61M | $9.21M | $7.76M | $7.76M | $10.26M | $11.97M | $13.53M |
| Current assets | $14.78M | $13.12M | $15.09M | $14.13M | $12.17M | $10.30M | $11.41M | $12.15M | $14.43M | $17.62M |
| Goodwill | - | - | - | - | - | - | - | $375.0K | $375.0K | $375.0K |
| Total assets | $22.48M | $21.24M | $24.40M | $23.95M | $20.85M | $18.80M | $19.35M | $21.33M | $24.38M | $27.24M |
| Current liabilities | $6.44M | $6.63M | $9.40M | $9.27M | $7.69M | $6.16M | $5.20M | $5.77M | $5.05M | $7.06M |
| Short-term debt | $165.3K | $119.7K | $109.2K | $94.8K | $99.5K | $95.0K | $85.4K | $227.5K | $221.2K | $1.81M |
| Long-term debt | $2.33M | $1.98M | $2.63M | $2.74M | $2.64M | $2.71M | $2.35M | $2.52M | $2.75M | $1.39M |
| Total debt | $2.49M | $2.09M | $2.74M | $2.84M | $2.73M | $2.81M | $2.44M | $2.75M | $2.97M | $3.20M |
| Total liabilities | $9.17M | $9.15M | $12.76M | $12.80M | $10.50M | $8.90M | $7.55M | $8.29M | $8.39M | $9.77M |
| Shareholders' equity | $13.31M | $12.09M | $11.64M | $11.15M | $10.35M | $9.91M | $11.79M | $13.04M | $15.99M | $17.48M |
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$904.1K | $2.63M | -$55.2K | $951.7K | -$985.9K | -$856.3K | $807.8K | -$1.12M | $747.4K | $2.38M |
| Capital expenditures | $627.6K | $724.7K | $841.8K | $1.67M | $620.3K | $693.4K | $447.0K | $434.5K | $513.6K | $274.1K |
| Free cash flow | -$1.53M | $1.90M | -$897.0K | -$717.8K | -$1.61M | -$1.55M | $360.7K | -$1.55M | $233.8K | $2.11M |
| Investing cash flow | -$580.5K | $961.1K | -$453.5K | -$1.34M | -$599.5K | -$501.6K | $452.7K | $707.0K | -$429.2K | $916.5K |
| Financing cash flow | $1.49M | -$3.59M | $507.7K | $394.5K | $1.59M | $1.36M | -$1.26M | $202.7K | -$1.17M | -$2.68M |
| Share repurchases | $1.5K | $37.7K | $68.5K | $92.4K | $30.5K | $31.0K | $19.3K | $21.3K | $6.4K | - |
| Stock-based compensation | $179.1K | $182.8K | $292.2K | $287.7K | $265.5K | $247.6K | $195.4K | $197.2K | $113.0K | $80.0K |
| Depreciation and amortization | $792.1K | $868.0K | $774.4K | $661.0K | $613.4K | $818.2K | $1.00M | $960.6K | $702.3K | $672.0K |
| Line item | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | Nov 30, 2017 | Nov 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -6.2% | -19.1% | 18.1% | 2.7% | 11.4% | -2.1% | 16.0% | -4.8% | -3.9% | -18.1% |
| Net income growth, YoY | 236.7% | 15.1% | 173.0% | -54.0% | - | - | - | - | - | - |
| EPS growth, YoY | 233.3% | 20.0% | 150.0% | -60.0% | - | - | - | - | - | - |
| Gross margin | 27.3% | 29.8% | 28.3% | 27.1% | 26.4% | 10.7% | 17.2% | 17.8% | 19.7% | 24.7% |
| Operating margin | 1.3% | 1.9% | 5.1% | 2.4% | 2.1% | -17.4% | -6.5% | -15.7% | -8.3% | -2.0% |
| Net margin | 4.5% | 1.3% | 0.9% | 0.4% | 0.9% | -9.4% | -6.2% | -17.2% | -7.9% | -3.8% |
| Free cash flow margin | -6.7% | 7.8% | -3.0% | -2.8% | -6.4% | -6.9% | 1.6% | -7.9% | 1.1% | 9.8% |
| Return on equity | 7.8% | 2.5% | 2.3% | 0.9% | 2.1% | -21.2% | -12.0% | -26.0% | -10.2% | -4.7% |
| Return on assets | 4.6% | 1.4% | 1.1% | 0.4% | 1.0% | -11.2% | -7.3% | -15.9% | -6.7% | -3.0% |
| Current ratio | 2.30 | 1.98 | 1.61 | 1.53 | 1.58 | 1.67 | 2.19 | 2.11 | 2.86 | 2.50 |
| Debt to equity | 0.19 | 0.17 | 0.24 | 0.25 | 0.26 | 0.28 | 0.21 | 0.21 | 0.19 | 0.18 |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.62M | $7.85M | $6.64M | $5.07M | $6.43M | $6.34M | $5.14M | $6.17M | $5.88M | $6.73M | $5.72M | $6.85M |
| Cost of revenue | $3.95M | $5.82M | $4.73M | $4.12M | $4.67M | $4.28M | $3.64M | $3.94M | $4.18M | $4.82M | $4.25M | $4.94M |
| Gross profit | $1.66M | $2.03M | $1.91M | $944.3K | $1.77M | $2.06M | $1.50M | $2.23M | $1.70M | $1.91M | $1.47M | $1.91M |
| Selling, general and admin | $1.21M | $1.22M | $1.04M | $1.12M | $983.3K | $1.03M | $1.06M | $1.23M | $1.09M | $1.23M | $1.23M | $1.14M |
| Operating income | -$70.0K | $286.6K | $330.0K | -$568.4K | $344.7K | $510.7K | $2.5K | $518.3K | $153.7K | $168.8K | -$380.1K | $86.6K |
| Interest expense | $113.7K | $113.0K | $110.8K | $107.7K | $83.7K | $99.7K | $75.7K | $127.6K | $150.0K | $159.8K | $165.6K | $170.2K |
| Pre-tax income | -$180.0K | $225.9K | $255.4K | -$689.6K | $321.3K | $1.88M | -$70.4K | $407.3K | -$483 | -$5.3K | -$537.0K | -$77.2K |
| Income tax | -$40.3K | $52.4K | $59.0K | -$44.1K | $67.1K | $393.8K | -$14.7K | $75.1K | -$2.7K | -$613 | -$112.8K | $80.9K |
| Net income | -$139.7K | $173.5K | $196.4K | -$645.5K | $254.1K | $1.48M | -$55.8K | $831.9K | -$26.2K | -$33.3K | -$465.0K | -$307.9K |
| EPS, basic | -$0.03 | $0.03 | $0.04 | -$0.13 | $0.05 | $0.29 | -$0.01 | $0.17 | -$0.01 | -$0.01 | -$0.09 | -$0.07 |
| EPS, diluted | -$0.03 | - | $0.04 | -$0.13 | $0.05 | $0.29 | -$0.01 | $0.17 | -$0.01 | -$0.01 | -$0.09 | -$0.07 |
| Diluted shares | - | - | 5.1M | - | 5.1M | 5.1M | 5.1M | - | 5.1M | 5.1M | 5.0M | - |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.9K | $6.0K | $2.9K | $4.8K | $6.0K | $4.5K | $4.1K | $1.9K | $5.1K | $4.5K | $2.5K | $4.0K |
| Receivables | $5.07M | $2.71M | $3.43M | $2.20M | $2.02M | $1.84M | $1.41M | $2.37M | $2.94M | $2.65M | $3.05M | $3.43M |
| Inventory | $11.49M | $11.50M | $12.07M | $11.71M | $11.24M | $10.78M | $10.88M | $10.33M | $10.69M | $10.50M | $10.98M | $11.03M |
| Current assets | $17.29M | $16.02M | $16.95M | $14.78M | $14.18M | $13.29M | $13.00M | $13.12M | $14.05M | $13.62M | $14.71M | $15.09M |
| Total assets | $26.21M | $23.68M | $24.56M | $22.48M | $21.82M | $20.88M | $21.00M | $21.24M | $23.47M | $23.17M | $24.25M | $24.40M |
| Current liabilities | $10.13M | $7.39M | $8.39M | $6.44M | $5.58M | $4.88M | $6.50M | $6.63M | $9.06M | $8.71M | $9.74M | $9.40M |
| Short-term debt | $189.9K | $191.3K | $167.8K | $165.3K | $126.0K | $165.3K | $165.3K | $119.7K | $114.5K | $113.5K | $119.7K | $109.2K |
| Long-term debt | $2.17M | $2.22M | $2.28M | $2.33M | $1.88M | $2.33M | $2.33M | $1.98M | $2.54M | $2.57M | $1.98M | $2.63M |
| Total debt | $2.36M | $2.41M | $2.45M | $2.49M | $2.01M | $2.49M | $2.49M | $2.09M | $2.66M | $2.68M | $2.09M | $2.74M |
| Total liabilities | $12.51M | $9.87M | $11.02M | $9.17M | $7.90M | $7.26M | $8.92M | $9.15M | $12.20M | $11.94M | $13.05M | $12.76M |
| Shareholders' equity | $13.71M | $13.80M | $13.55M | $13.31M | $13.91M | $13.62M | $12.08M | $12.09M | $11.27M | $11.23M | $11.20M | $11.64M |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.34M | $362.0K | $148.4K | -$889.2K | -$1.27M | $1.35M | -$101.8K | $1.20M | $282.4K | $1.25M | -$99.3K | $463.5K |
| Capital expenditures | $1.32M | $340.6K | $176.4K | $152.8K | $261.3K | $130.7K | $82.7K | $110.3K | $101.8K | $231.4K | $281.2K | $272.3K |
| Free cash flow | $12.9K | $21.4K | -$28.0K | -$1.04M | -$1.53M | $1.22M | -$184.5K | $1.09M | $180.5K | $1.02M | -$380.4K | $191.1K |
| Investing cash flow | -$1.32M | -$258.5K | -$172.3K | -$114.8K | -$252.2K | -$130.7K | -$82.7K | $1.57M | -$101.0K | -$231.4K | -$281.2K | -$251.5K |
| Financing cash flow | -$16.0K | -$100.5K | $22.0K | $1.00M | $1.52M | -$1.22M | $186.8K | -$2.77M | -$180.7K | -$1.01M | $378.9K | -$212.2K |
| Share repurchases | $0 | $1.7K | $0 | $0 | $0 | $0 | $1.5K | $0 | $0 | $0 | $37.7K | $4.5K |
| Stock-based compensation | $41.7K | $86.8K | $42.9K | $38.0K | $36.9K | $59.9K | $44.2K | -$4.9K | $60.2K | $61.6K | $66.0K | $64.9K |
| Depreciation and amortization | $215.3K | $205.1K | $204.6K | $198.2K | $196.0K | $189.9K | $208.1K | $204.2K | $229.5K | $226.2K | $208.1K | $175.2K |
| Line item | Aug 31, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -12.7% | 23.9% | 29.2% | -17.9% | 9.5% | -5.8% | -10.2% | -10.0% | -27.6% | -18.2% | -19.2% | 3.6% |
| Net income growth, YoY | - | -88.3% | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 29.6% | 25.9% | 28.8% | 18.6% | 27.5% | 32.5% | 29.1% | 36.1% | 28.9% | 28.3% | 25.7% | 27.9% |
| Operating margin | -1.2% | 3.6% | 5.0% | -11.2% | 5.4% | 8.1% | 0.0% | 8.4% | 2.6% | 2.5% | -6.6% | 1.3% |
| Net margin | -2.5% | 2.2% | 3.0% | -12.7% | 4.0% | 23.4% | -1.1% | 13.5% | -0.4% | -0.5% | -8.1% | -4.5% |
| Free cash flow margin | 0.2% | 0.3% | -0.4% | -20.6% | -23.8% | 19.3% | -3.6% | 17.6% | 3.1% | 15.1% | -6.6% | 2.8% |
| Current ratio | 1.71 | 2.17 | 2.02 | 2.30 | 2.54 | 2.72 | 2.00 | 1.98 | 1.55 | 1.56 | 1.51 | 1.61 |
| Debt to equity | 0.17 | 0.17 | 0.18 | 0.19 | 0.14 | 0.18 | 0.21 | 0.17 | 0.24 | 0.24 | 0.19 | 0.24 |
Source: XBRL data Art's-Way Manufacturing Co. Inc. files with the SEC, latest filing dated Oct 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| ARTW | $25.18M | +4.5% | -$415.3K | -1.6% | $14.2M |
| ASML | €32.67B | +15.6% | €9.61B | 29.4% | $549.12B |
| TMO | $47.35B | +8.3% | $7.07B | 14.9% | $257.42B |
| LRCX | $26.13B | +33.4% | $8.45B | 32.3% | $250.38B |
| DE | $47.98B | +8.0% | $4.87B | 10.2% | $181.09B |
| DHR | $25.61B | +5.5% | $4.33B | 16.9% | $161.98B |
| ETN | $31.98B | +20.1% | $3.90B | 12.2% | $132.76B |
| JCI | $24.43B | +5.1% | $3.53B | 14.5% | $81.79B |
| ITW | $16.65B | +4.8% | $3.23B | 19.4% | $79.84B |