Arts Way Manufacturing Co Inc (ARTW) Financial Statements
Industry: Farm Machinery & Equipment
In fiscal 2025, Arts Way Manufacturing reported revenue of $23.0M, down 6.2% from $24.5M the year before. Net income was $1.0M (a 4.5% net margin), or $0.20 per diluted share. Gross margin was 27.3% and operating margin was 1.3%. Operating activities generated -$904,143 of cash, leaving -$1.5M of free cash flow. At fiscal year end, Arts Way Manufacturing held $22.5M in total assets against $9.2M in total liabilities, including $4,849 of cash and equivalents.
Open the full interactive Arts Way Manufacturing financials → Quarterly statements, key ratios, valuation history and price charts.
Arts Way Manufacturing Key Stats
| Share Price | $3.55 |
|---|---|
| Market Cap | $18.5M |
| P/E Ratio | 17.8 |
| Revenue YoY Growth | -6.2% |
| 52-Week Range | $2.07 – $3.67 |
| Shares Outstanding | 5.2 million (basic, 2026 Q3) |
Arts Way Manufacturing Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $22.4M | $25.0M | $28.4M | $30.3M | $24.5M | $23.0M |
| Cost of Goods Sold | $20.0M | $18.4M | $21.1M | $21.7M | $17.2M | $16.7M |
| Gross Profit | $2.4M | $6.6M | $7.3M | $8.6M | $7.3M | $6.3M |
| Operating Income | -$3.9M | $523,408 | $332,680 | $1.5M | $460,697 | $289,455 |
| Pre-Tax Income | -$3.0M | $266,890 | $117,000 | $1.1M | -$135,491 | $1.4M |
| Income Tax | -$856,470 | $54,259 | $19,203 | $325,959 | -$41,025 | $402,178 |
| Net Income | -$2.1M | $212,631 | $97,797 | $266,969 | $307,375 | $1.0M |
| Diluted EPS | -$0.48 | $0.05 | $0.02 | $0.05 | $0.06 | $0.20 |
Arts Way Manufacturing Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $5.1M | $6.6M | $7.9M | $5.6M |
| Net Income | -$645,523 | $196,442 | $173,479 | -$139,720 |
| Diluted EPS | -$0.13 | $0.04 | — | -$0.03 |
Arts Way Manufacturing Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2,684 | $2,658 | $5,055 | $4,014 | $1,860 | $4,849 |
| Current Assets | $10.3M | $12.2M | $14.1M | $15.1M | $13.1M | $14.8M |
| Total Assets | $18.8M | $20.9M | $23.9M | $24.4M | $21.2M | $22.5M |
| Current Liabilities | $6.2M | $7.7M | $9.3M | $9.4M | $6.6M | $6.4M |
| Total Long-Term Debt | $2.8M | $2.7M | $3.0M | $2.7M | $2.1M | $2.5M |
| Total Liabilities | $8.9M | $10.5M | $12.8M | $12.8M | $9.1M | $9.2M |
| Shareholders' Equity | $9.9M | $10.4M | $11.2M | $11.6M | $12.1M | $13.3M |
Arts Way Manufacturing Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$856,314 | -$985,854 | $951,721 | -$55,194 | $2.6M | -$904,143 |
| Cash From Investing | -$501,650 | -$599,477 | -$1.3M | -$453,512 | $961,074 | -$580,477 |
| Cash From Financing | $1.4M | $1.6M | $394,523 | $507,665 | -$3.6M | $1.5M |
| Free Cash Flow | -$1.5M | -$1.6M | -$795,630 | -$896,978 | $1.9M | -$1.5M |
Figures from Arts Way Manufacturing's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Arts Way Manufacturing financials page for every line item.
Arts Way Manufacturing Company Profile
| Ticker | ARTW |
|---|---|
| Exchange | Nasdaq |
| Industry | Farm Machinery & Equipment |
| Headquarters | Armstrong, Iowa |
| Incorporated in | North Carolina |
| Fiscal Year End | November 30 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000007623 |
Frequently Asked Questions
What was Arts Way Manufacturing's revenue in fiscal 2025?
Arts Way Manufacturing (ARTW) reported revenue of $23.0M for fiscal 2025.
What is Arts Way Manufacturing's annual revenue history?
Arts Way Manufacturing's annual revenue by fiscal year: 2020: $22.4M; 2021: $25.0M; 2022: $28.4M; 2023: $30.3M; 2024: $24.5M; 2025: $23.0M.
What was Arts Way Manufacturing's net income in fiscal 2025?
Arts Way Manufacturing reported net income of $1.0M for fiscal 2025.
What was Arts Way Manufacturing's earnings per share (EPS) in fiscal 2025?
Arts Way Manufacturing's diluted EPS was $0.20 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Arts Way Manufacturing generate in fiscal 2025?
Arts Way Manufacturing generated -$1.5M of free cash flow in fiscal 2025.
What was Arts Way Manufacturing's revenue last quarter?
In its most recent reported quarter (2026 Q3), Arts Way Manufacturing reported revenue of $5.6M.
How much debt does Arts Way Manufacturing have?
Arts Way Manufacturing reported $2.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Arts Way Manufacturing are outstanding?
Arts Way Manufacturing reported a weighted average of 5.2 million basic shares outstanding in 2026 Q3.
What is Arts Way Manufacturing's market cap?
Based on its latest closing price, Arts Way Manufacturing (ARTW) has a market capitalization of about $18.5M.
When does Arts Way Manufacturing's fiscal year end?
Arts Way Manufacturing's fiscal year end, as registered with the SEC, is November 30.
Where is Arts Way Manufacturing headquartered?
Arts Way Manufacturing lists its business address in Armstrong, Iowa in its SEC filings.