Art's-Way Manufacturing Financials
This page shows Art's-Way Manufacturing (ARTW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Art's-Way Manufacturing has an operating margin of 1.3%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 6/100, suggesting thin profitability after operating expenses. This is down from 1.9% the prior year.
Art's-Way Manufacturing's revenue declined 6.2% year-over-year, from $24.5M to $23.0M. This contraction results in a growth score of 11/100.
Art's-Way Manufacturing carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.30, Art's-Way Manufacturing holds $2.30 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Art's-Way Manufacturing's free cash flow margin of 1.2% results in a low score of 6/100. Capital expenditures of $628K absorb a large share of operating cash flow.
Art's-Way Manufacturing's ROE of 7.8% shows moderate profitability relative to equity, earning a score of 31/100. This is up from 2.5% the prior year.
Art's-Way Manufacturing scores 2.84, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Art's-Way Manufacturing passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Art's-Way Manufacturing generates $0.87 in operating cash flow ($904K OCF vs $1.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Art's-Way Manufacturing earns $5.9 in operating income for every $1 of interest expense ($289K vs $49K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Art's-Way Manufacturing generated $23.0M in revenue in fiscal year 2025. This represents a decrease of 6.2% from the prior year.
Art's-Way Manufacturing's EBITDA was $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.6% from the prior year.
Art's-Way Manufacturing generated $277K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 85.5% from the prior year.
Art's-Way Manufacturing reported $1.0M in net income in fiscal year 2025. This represents an increase of 236.7% from the prior year.
Art's-Way Manufacturing earned $0.20 per diluted share (EPS) in fiscal year 2025. This represents an increase of 233.3% from the prior year.
Art's-Way Manufacturing held $5K in cash against $2.3M in long-term debt as of fiscal year 2025.
Art's-Way Manufacturing had 5M shares outstanding in fiscal year 2025. This represents an increase of 1.9% from the prior year.
Art's-Way Manufacturing's gross margin was 27.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.
Art's-Way Manufacturing's operating margin was 1.3% in fiscal year 2025, reflecting core business profitability. This is down 0.6 percentage points from the prior year.
Art's-Way Manufacturing's net profit margin was 4.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.3 percentage points from the prior year.
Art's-Way Manufacturing's ROE was 7.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.
Art's-Way Manufacturing invested $228K in research and development in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Art's-Way Manufacturing spent $2K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 95.9% from the prior year.
Art's-Way Manufacturing invested $628K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.4% from the prior year.
ARTW Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1M-21.2% | $6.4M+1.5% | $6.3M+23.3% | $5.1M-16.7% | $6.2M+5.0% | $5.9M-12.7% | $6.7M+17.6% | $5.7M |
| Cost of Revenue | $4.1M-11.7% | $4.7M+9.1% | $4.3M+17.4% | $3.6M-7.5% | $3.9M-5.6% | $4.2M-13.4% | $4.8M+13.5% | $4.2M |
| Gross Profit | $944K-46.5% | $1.8M-14.3% | $2.1M+37.6% | $1.5M-32.9% | $2.2M+31.1% | $1.7M-10.8% | $1.9M+29.4% | $1.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.1M+14.2% | $983K-4.4% | $1.0M-2.8% | $1.1M-14.0% | $1.2M+13.3% | $1.1M-11.9% | $1.2M+0.2% | $1.2M |
| Operating Income | -$568K-264.9% | $345K-32.5% | $511K+20449.5% | $2K-99.5% | $518K+237.2% | $154K-8.9% | $169K+144.4% | -$380K |
| Interest Expense | $108K+28.7% | $84K-16.1% | $100K+31.7% | $76K-38.9% | $124K-17.4% | $150K-6.1% | $160K-3.5% | $166K |
| Income Tax | -$44K-165.7% | $67K-82.9% | $394K+2787.8% | -$15K-119.5% | $75K+2867.3% | -$3K-342.6% | -$613+99.5% | -$113K |
| Net Income | -$646K-354.0% | $254K-82.9% | $1.5M+2758.1% | -$56K-106.7% | $832K+3275.4% | -$26K+21.4% | -$33K+92.8% | -$465K |
| EPS (Diluted) | $-0.13-360.0% | $0.05-82.8% | $0.29+3000.0% | $-0.01-105.9% | $0.17+1800.0% | $-0.010.0% | $-0.01+88.9% | $-0.09 |
ARTW Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $22.5M+3.0% | $21.8M+4.5% | $20.9M-0.6% | $21.0M-1.1% | $21.2M-9.5% | $23.5M+1.3% | $23.2M-4.5% | $24.3M |
| Current Assets | $14.8M+4.2% | $14.2M+6.7% | $13.3M+2.2% | $13.0M-0.9% | $13.1M-6.6% | $14.0M+3.1% | $13.6M-7.4% | $14.7M |
| Cash & Equivalents | $5K-18.6% | $6K+31.5% | $5K+9.7% | $4K+122.2% | $2K-63.7% | $5K+14.1% | $4K+80.6% | $2K |
| Inventory | $11.7M+4.2% | $11.2M+4.3% | $10.8M-1.0% | $10.9M+5.4% | $10.3M-3.4% | $10.7M+1.9% | $10.5M-4.4% | $11.0M |
| Accounts Receivable | $2.2M+8.8% | $2.0M+10.0% | $1.8M+30.8% | $1.4M-40.7% | $2.4M-19.4% | $2.9M+11.2% | $2.6M-13.1% | $3.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.2M+16.1% | $7.9M+8.9% | $7.3M-18.7% | $8.9M-2.4% | $9.1M-25.1% | $12.2M+2.2% | $11.9M-8.5% | $13.0M |
| Current Liabilities | $6.4M+15.3% | $5.6M+14.4% | $4.9M-24.9% | $6.5M-2.0% | $6.6M-26.8% | $9.1M+4.0% | $8.7M-10.5% | $9.7M |
| Long-Term Debt | $2.3M+23.7% | $1.9M-1.7% | $1.9M-1.7% | $1.9M-1.5% | $2.0M-22.3% | $2.5M-1.1% | $2.6M+30.2% | $2.0M |
| Total Equity | $13.3M-4.4% | $13.9M+2.1% | $13.6M+12.8% | $12.1M-0.1% | $12.1M+7.3% | $11.3M+0.3% | $11.2M+0.3% | $11.2M |
| Retained Earnings | $8.4M-7.2% | $9.0M+2.9% | $8.8M+20.4% | $7.3M-0.8% | $7.3M+12.8% | $6.5M-0.4% | $6.5M-0.5% | $6.6M |
ARTW Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$889K+29.8% | -$1.3M-193.6% | $1.4M+1430.2% | -$102K-108.5% | $1.2M+323.8% | $282K-77.4% | $1.2M+1356.0% | -$99K |
| Capital Expenditures | $153K-41.5% | $261K+99.9% | $131K+58.0% | $83K-25.0% | $110K+8.3% | $102K-56.0% | $231K-17.7% | $281K |
| Free Cash Flow | -$1.0M+31.8% | -$1.5M-224.9% | $1.2M+763.0% | -$185K-117.0% | $1.1M+501.7% | $181K-82.2% | $1.0M+366.9% | -$380K |
| Investing Cash Flow | -$115K+54.5% | -$252K-93.0% | -$131K-58.0% | -$83K-105.3% | $1.6M+1658.7% | -$101K+56.3% | -$231K+17.7% | -$281K |
| Financing Cash Flow | $1.0M-34.1% | $1.5M+224.4% | -$1.2M-754.7% | $187K+106.7% | -$2.8M-1435.4% | -$181K+82.2% | -$1.0M-367.5% | $379K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $2K | $0 | $0 | $0-100.0% | $38K |
ARTW Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.6%-8.8pp | 27.5%-5.0pp | 32.5%+3.4pp | 29.1%-7.0pp | 36.1%+7.2pp | 28.9%+0.6pp | 28.3%+2.6pp | 25.8% |
| Operating Margin | -11.2%-16.6pp | 5.4%-2.7pp | 8.1%+8.0pp | 0.1%-8.3pp | 8.4%+5.8pp | 2.6%+0.1pp | 2.5%+9.2pp | -6.6% |
| Net Margin | -12.7%-16.7pp | 4.0%-19.4pp | 23.4%+24.5pp | -1.1%-14.6pp | 13.5%+13.9pp | -0.4%+0.1pp | -0.5%+7.6pp | -8.1% |
| Return on Equity | N/A | 1.8%-9.0pp | 10.9% | N/A | 6.9% | N/A | N/A | N/A |
| Return on Assets | -2.9%-4.0pp | 1.2%-5.9pp | 7.1%+7.4pp | -0.3%-4.2pp | 3.9%+4.0pp | -0.1%+0.0pp | -0.1%+1.8pp | -1.9% |
| Current Ratio | 2.30-0.2 | 2.54-0.2 | 2.72+0.7 | 2.00+0.0 | 1.98+0.4 | 1.55-0.0 | 1.56+0.1 | 1.51 |
| Debt-to-Equity | 0.17+0.0 | 0.140.0 | 0.14-0.0 | 0.160.0 | 0.16-0.1 | 0.230.0 | 0.23+0.1 | 0.18 |
| FCF Margin | -20.6%+3.2pp | -23.8%-43.1pp | 19.3%+22.9pp | -3.6%-21.2pp | 17.6%+14.5pp | 3.1%-12.0pp | 15.1%+21.7pp | -6.7% |
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Frequently Asked Questions
What is Art's-Way Manufacturing's annual revenue?
Art's-Way Manufacturing (ARTW) reported $23.0M in total revenue for fiscal year 2025. This represents a -6.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Art's-Way Manufacturing's revenue growing?
Art's-Way Manufacturing (ARTW) revenue declined by 6.2% year-over-year, from $24.5M to $23.0M in fiscal year 2025.
Is Art's-Way Manufacturing profitable?
Yes, Art's-Way Manufacturing (ARTW) reported a net income of $1.0M in fiscal year 2025, with a net profit margin of 4.5%.
What is Art's-Way Manufacturing's earnings per share (EPS)?
Art's-Way Manufacturing (ARTW) reported diluted earnings per share of $0.20 for fiscal year 2025. This represents a 233.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Art's-Way Manufacturing's EBITDA?
Art's-Way Manufacturing (ARTW) had EBITDA of $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Art's-Way Manufacturing have?
As of fiscal year 2025, Art's-Way Manufacturing (ARTW) had $5K in cash and equivalents against $2.3M in long-term debt.
What is Art's-Way Manufacturing's gross margin?
Art's-Way Manufacturing (ARTW) had a gross margin of 27.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Art's-Way Manufacturing's operating margin?
Art's-Way Manufacturing (ARTW) had an operating margin of 1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Art's-Way Manufacturing's net profit margin?
Art's-Way Manufacturing (ARTW) had a net profit margin of 4.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Art's-Way Manufacturing's return on equity (ROE)?
Art's-Way Manufacturing (ARTW) has a return on equity of 7.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Art's-Way Manufacturing's free cash flow?
Art's-Way Manufacturing (ARTW) generated $277K in free cash flow during fiscal year 2025. This represents a -85.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Art's-Way Manufacturing's operating cash flow?
Art's-Way Manufacturing (ARTW) generated $904K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Art's-Way Manufacturing's total assets?
Art's-Way Manufacturing (ARTW) had $22.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Art's-Way Manufacturing's capital expenditures?
Art's-Way Manufacturing (ARTW) invested $628K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Art's-Way Manufacturing spend on research and development?
Art's-Way Manufacturing (ARTW) invested $228K in research and development during fiscal year 2025.
Does Art's-Way Manufacturing buy back shares?
Yes, Art's-Way Manufacturing (ARTW) spent $2K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Art's-Way Manufacturing have outstanding?
Art's-Way Manufacturing (ARTW) had 5M shares outstanding as of fiscal year 2025.
What is Art's-Way Manufacturing's current ratio?
Art's-Way Manufacturing (ARTW) had a current ratio of 2.30 as of fiscal year 2025, which is generally considered healthy.
What is Art's-Way Manufacturing's debt-to-equity ratio?
Art's-Way Manufacturing (ARTW) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Art's-Way Manufacturing's return on assets (ROA)?
Art's-Way Manufacturing (ARTW) had a return on assets of 4.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Art's-Way Manufacturing's Altman Z-Score?
Art's-Way Manufacturing (ARTW) has an Altman Z-Score of 2.84, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Art's-Way Manufacturing's Piotroski F-Score?
Art's-Way Manufacturing (ARTW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Art's-Way Manufacturing's earnings high quality?
Art's-Way Manufacturing (ARTW) has an earnings quality ratio of 0.87x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Art's-Way Manufacturing cover its interest payments?
Art's-Way Manufacturing (ARTW) has an interest coverage ratio of 5.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Art's-Way Manufacturing?
Art's-Way Manufacturing (ARTW) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.