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Stocks · Industrials · Farm Machinery & Equipment

ARTS WAY MANUFACTURING CO INC

ARTW Clue Score39
United States Fiscal year ends November CIK 0000007623
$3.54 -3.54% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.54 −3.01% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue21.6Operating income−0.4Net income−0.8EPS, diluted−0.20Fiscal year 2017Revenue20.7 −3.9%Operating income−1.7Net income−1.6EPS, diluted−0.39Fiscal year 2018Revenue19.7 −4.8%Operating income−3.1Net income−3.4EPS, diluted−0.81Fiscal year 2019Revenue22.9 +16.0%Operating income−1.5Net income−1.4EPS, diluted−0.33Fiscal year 2020Revenue22.4 −2.1%Operating income−3.9Net income−2.1EPS, diluted−0.48Fiscal year 2021Revenue25.0 +11.4%Operating income0.5Net income0.2EPS, diluted0.05Fiscal year 2022Revenue25.6 +2.7%Operating income0.6Net income0.1 −54.0%EPS, diluted0.02 −60.0%Fiscal year 2023Revenue30.3 +18.1%Operating income1.5Net income0.3 +173.0%EPS, diluted0.05 +150.0%Fiscal year 2024Revenue24.5 −19.1%Operating income0.5Net income0.3 +15.1%EPS, diluted0.06 +20.0%Fiscal year 2025Revenue23.0 −6.2%Operating income0.3Net income1.0 +236.7%EPS, diluted0.20 +233.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 21.6 20.7 19.7 22.9 22.4 25.0 25.6 30.3 24.5 23.0
Growth −3.9% −4.8% +16.0% −2.1% +11.4% +2.7% +18.1% −19.1% −6.2%
Operating income −0.4 −1.7 −3.1 −1.5 −3.9 0.5 0.6 1.5 0.5 0.3
Net income −0.8 −1.6 −3.4 −1.4 −2.1 0.2 0.1 0.3 0.3 1.0
Growth −54.0% +173.0% +15.1% +236.7%
EPS, diluted −0.20 −0.39 −0.81 −0.33 −0.48 0.05 0.02 0.05 0.06 0.20
Growth −60.0% +150.0% +20.0% +233.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin24.7%Operating margin−2.0%Net margin−3.8%Free cash flow margin9.8%Fiscal year 2017Gross margin19.7%Operating margin−8.3%Net margin−7.9%Free cash flow margin1.1%Fiscal year 2018Gross margin17.8%Operating margin−15.7%Net margin−17.2%Free cash flow margin−7.9%Fiscal year 2019Gross margin17.2%Operating margin−6.5%Net margin−6.2%Free cash flow margin1.6%Fiscal year 2020Gross margin10.7%Operating margin−17.4%Net margin−9.4%Free cash flow margin−6.9%Fiscal year 2021Gross margin26.4%Operating margin2.1%Net margin0.9%Free cash flow margin−6.4%Fiscal year 2022Gross margin27.1%Operating margin2.4%Net margin0.4%Free cash flow margin−2.8%Fiscal year 2023Gross margin28.3%Operating margin5.1%Net margin0.9%Free cash flow margin−3.0%Fiscal year 2024Gross margin29.8%Operating margin1.9%Net margin1.3%Free cash flow margin7.8%Fiscal year 2025Gross margin27.3%Operating margin1.3%Net margin4.5%Free cash flow margin−6.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 24.7% 19.7% 17.8% 17.2% 10.7% 26.4% 27.1% 28.3% 29.8% 27.3%
Operating margin −2.0% −8.3% −15.7% −6.5% −17.4% 2.1% 2.4% 5.1% 1.9% 1.3%
Net margin −3.8% −7.9% −17.2% −6.2% −9.4% 0.9% 0.4% 0.9% 1.3% 4.5%
Free cash flow margin 9.8% 1.1% −7.9% 1.6% −6.9% −6.4% −2.8% −3.0% 7.8% −6.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.4Capital expenditure−0.3Free cash flow2.1Fiscal year 2017Operating cash flow0.7Capital expenditure−0.5Free cash flow0.2 −88.9%Buybacks−0.0Fiscal year 2018Operating cash flow−1.1Capital expenditure−0.4Free cash flow−1.6 −764.3%Buybacks−0.0Fiscal year 2019Operating cash flow0.8Capital expenditure−0.4Free cash flow0.4Buybacks−0.0Fiscal year 2020Operating cash flow−0.9Capital expenditure−0.7Free cash flow−1.5 −529.6%Buybacks−0.0Fiscal year 2021Operating cash flow−1.0Capital expenditure−0.6Free cash flow−1.6Buybacks−0.0Fiscal year 2022Operating cash flow1.0Capital expenditure−1.7Free cash flow−0.7Buybacks−0.1Fiscal year 2023Operating cash flow−0.1Capital expenditure−0.8Free cash flow−0.9Buybacks−0.1Fiscal year 2024Operating cash flow2.6Capital expenditure−0.7Free cash flow1.9Buybacks−0.0Fiscal year 2025Operating cash flow−0.9Capital expenditure−0.6Free cash flow−1.5 −180.5%Buybacks−0.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.4 0.7 −1.1 0.8 −0.9 −1.0 1.0 −0.1 2.6 −0.9
Capital expenditure −0.3 −0.5 −0.4 −0.4 −0.7 −0.6 −1.7 −0.8 −0.7 −0.6
Free cash flow 2.1 0.2 −1.6 0.4 −1.5 −1.6 −0.7 −0.9 1.9 −1.5
Growth −88.9% −764.3% −529.6% −180.5%
Buybacks n/a −0.0 −0.0 −0.0 −0.0 −0.0 −0.1 −0.1 −0.0 −0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.1Total debt3.2Net cash (debt)−2.1Shareholders’ equity17.5Debt to equity0.18Fiscal year 2017Cash0.2Total debt3.0Net cash (debt)−2.8Shareholders’ equity16.0Debt to equity0.19Fiscal year 2018Cash0.0Total debt2.8Net cash (debt)−2.7Shareholders’ equity13.0Debt to equity0.21Fiscal year 2019Cash0.0Total debt2.4Net cash (debt)−2.4Shareholders’ equity11.8Debt to equity0.21Fiscal year 2020Cash0.0Total debt2.8Net cash (debt)−2.8Shareholders’ equity9.9Debt to equity0.28Fiscal year 2021Cash0.0Total debt2.7Net cash (debt)−2.7Shareholders’ equity10.4Debt to equity0.26Fiscal year 2022Cash0.0Total debt2.8Net cash (debt)−2.8Shareholders’ equity11.2Debt to equity0.25Fiscal year 2023Cash0.0Total debt2.7Net cash (debt)−2.7Shareholders’ equity11.6Debt to equity0.24Fiscal year 2024Cash0.0Total debt2.1Net cash (debt)−2.1Shareholders’ equity12.1Debt to equity0.17Fiscal year 2025Cash0.0Total debt2.5Net cash (debt)−2.5Shareholders’ equity13.3Debt to equity0.19
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.1 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total debt 3.2 3.0 2.8 2.4 2.8 2.7 2.8 2.7 2.1 2.5
Net cash (debt) −2.1 −2.8 −2.7 −2.4 −2.8 −2.7 −2.8 −2.7 −2.1 −2.5
Shareholders’ equity 17.5 16.0 13.0 11.8 9.9 10.4 11.2 11.6 12.1 13.3
Debt to equity 0.18 0.19 0.21 0.21 0.28 0.26 0.25 0.24 0.17 0.19

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 30 Nov 2016 FY2017 30 Nov 2017 FY2018 30 Nov 2018 FY2019 30 Nov 2019 FY2020 30 Nov 2020 FY2021 30 Nov 2021 FY2022 30 Nov 2022 FY2023 30 Nov 2023 FY2024 30 Nov 2024 FY2025 30 Nov 2025
Margins
24.7% 19.7% 17.8% 17.2% 10.7% 26.4% 27.1% 28.3% 29.8% 27.3%
−2.0% −8.3% −15.7% −6.5% −17.4% 2.1% 2.4% 5.1% 1.9% 1.3%
−2.4% −8.7% −19.5% −7.7% −13.2% 1.1% 1.7% 3.6% −0.6% 6.3%
−3.8% −7.9% −17.2% −6.2% −9.4% 0.9% 0.4% 0.9% 1.3% 4.5%
9.8% 1.1% −7.9% 1.6% −6.9% −6.4% −2.8% −3.0% 7.8% −6.7%
Spending
0.6% 0.9% 0.9% 0.7% 0.9% 0.6% 0.8% 0.7% 0.9% 1.0%
15.9% 16.1% 17.4% 14.6% 18.8% 14.2% 15.0% 14.3% 19.5% 18.3%
1.3% 2.5% 2.2% 2.0% 3.1% 2.5% 6.5% 2.8% 3.0% 2.7%
n/a n/a n/a n/a n/a 20.3% 15.2% 29.9% n/a 28.0%
Returns
−4.7% −10.2% −26.0% −12.0% −21.2% 2.1% 0.9% 2.3% 2.5% 7.8%
−3.0% −6.7% −15.9% −7.3% −11.2% 1.0% 0.4% 1.1% 1.4% 4.6%
Balance and payout
0.18 0.19 0.21 0.21 0.28 0.26 0.25 0.24 0.17 0.19
35.8% 34.4% 38.9% 39.0% 47.3% 50.3% 53.4% 52.3% 43.1% 40.8%
n/a 2.7% n/a 5.4% n/a n/a n/a n/a 2.0% n/a