ARTWNasdaqFarm Machinery & EquipmentFiscal year ends November 30
ARTS WAY MANUFACTURING CO INC
Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 13, 2026
$3.00−0.17 (-5.21%)
Close on Oct 19, 2026
- Market cap
- $15.60M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
27.3%+16.6 pts over 5 years
Operating margin
1.3%+18.7 pts over 5 years
Net margin
4.5%+13.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.2% | -3.6% | +0.5% | -1.4% | |
| Gross profit | -14.3% | -3.3% | +21.2% | -1.0% | |
| Operating income | -37.2% | -21.8% | – | – | |
| Net income | +236.7% | +119.5% | – | – | |
| EPS, diluted | +233.3% | +115.4% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -4.6% | -19.4% | 8.1% | |
| Return on assets | -2.8% | -11.0% | 4.7% | |
| Current ratio | 2.50 | 1.67 | 2.30 | |
| Debt to equity | 0.18 | 0.28 | 0.19 | |
| Net debt to EBITDA | 8.86× | -0.91× | 2.30× | |
| Interest coverage | -1.7× | -12.8× | 0.8× | |
| Inventory turnover | 1.1× | 2.6× | 1.5× | |
| Capex to revenue | 1.3% | 3.1% | 2.7% | |
| Diluted shares | 4M | 4M | 5M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Arts Way Manufacturing generated $5.52M from operations and spent $4.71M on capital expenditure, dividends and share buybacks. 95% of that went back into the business.
Generated
$5.52M
Used
$4.71M
Capital expenditure$4.48M95%Dividends$00%Share buybacks$230.63K5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.5%
×Asset turnover1.05×
×Equity multiplier1.72×
=Return on equity, FY20258.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.5% | 1.05× | 1.72× | 8.1% |
| FY2024 | 1.3% | 1.07× | 1.92× | 2.6% |
| FY2023 | 0.9% | 1.25× | 2.12× | 2.3% |
| FY2022 | 0.4% | 1.14× | 2.08× | 0.9% |
| FY2021 | 0.9% | 1.26× | 1.96× | 2.1% |
| FY2020 | -9.4% | 1.17× | 1.76× | -19.4% |
| FY2019 | -6.2% | 1.13× | 1.64× | -11.4% |
| FY2018 | -17.2% | 0.86× | 1.57× | -23.3% |
| FY2017 | -7.9% | 0.80× | 1.54× | -9.8% |
| FY2016 | -3.8% | 0.74× | 1.63× | -4.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.03M
- Cash generatingOperating cash flow above zero-$904.14K
- Return on assets improvedROA up on the prior year1.3% → 4.9%
- Earnings backed by cashOperating cash flow above net income-$904.14K vs $1.03M
- Less leverageLong-term debt to assets fell9.3% → 10.3%
- Better liquidityCurrent ratio rose1.98 → 2.30
- No dilutionShare count did not rise5M → 5M
- Gross margin improvedGross margin up on the prior year29.84% → 27.28%
- More efficientAsset turnover rose1.00 → 1.08