ARTW on Nasdaq
ARTS WAY MANUFACTURING CO INC
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
27.3%Gross margin3
1.3%Operating margin3
4.5%Net margin3
-6.2%Revenue growth, 20253
7.8%Return on equity3
0.17×Debt to equity3
-$1.5MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Agricultural Products brought in 55% of the revenue ARTS WAY MANUFACTURING CO INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Agricultural Products | $14.7M | $12.7M |
| Modular Buildings | $9.8M | $10.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue73¢$16.7M
- Research and development1¢$228.0K
- Other costs20¢$4.6M
- Income tax2¢$402.2K
- Profit5¢$1.0M
Out of $23.0M in revenue.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Revenues | $23.0M | $24.5M |
| Cost of goods sold | $16.7M | $17.2M |
| Gross profit | $6.3M | $7.3M |
| Engineering | $344.0K | $432.6K |
| Selling | $1.4M | $1.6M |
| General and administrative | $4.2M | $4.8M |
| Total expenses | $6.0M | $6.8M |
| Income from operations | $289.5K | $460.7K |
| Interest expense | -$366.7K | -$599.4K |
| Other Nonoperating Income (Expense) | $1.5M | $3.2K |
| Total other income (expense) | $1.1M | -$596.2K |
| Income (loss) from continuing operations before income taxes | $1.4M | -$135.5K |
| Income tax expense (benefit) | $402.2K | -$41.0K |
| Income (loss) from continuing operations | $1.0M | -$94.5K |
| Income from discontinued operations before income taxes | $0 | $517.2K |
| Income tax expense - discontinued operations | $0 | $115.3K |
| Income from discontinued operations | $0 | $401.8K |
| Net Income | $1.0M | $307.4K |
| Continuing Operations (in dollars per share) | $0 | -$0 |
| Discontinued Operations (in dollars per share) | $0 | $0 |
| Net income per share (in dollars per share) | $0.20 | $0.06 |
| Continuing Operations (in dollars per share) | $0 | -$0 |
| Discontinued Operations (in dollars per share) | $0 | $0 |
| Net income per share (in dollars per share) | $0.20 | $0.06 |
| Weighted average outstanding shares used to compute basic net income per share (in shares) | 5.1M shares | 5.1M shares |
| Weighted average outstanding shares used to compute diluted net income per share (in shares) | 5.1M shares | 5.1M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-11-30 | 2024-11-30 | 2023-11-30 |
|---|---|---|---|
| Cash | $4.8K | $1.9K | |
| Accounts receivable-customers, net of allowance for expected credit losses of $60,601 and $108,636 in 2025 and 2024, respectively | $2.2M | $2.4M | |
| Inventories, net | $11.7M | $10.3M | |
| Cost and profit in excess of billings | $379.5K | $213.2K | |
| Other current assets | $487.0K | $208.5K | |
| Total current assets | $14.8M | $13.1M | |
| Property, plant, and equipment, net | $5.1M | $5.2M | |
| Assets held for lease, net | $144.6K | $89.0K | |
| Deferred income taxes, net | $2.1M | $2.4M | |
| Other assets | $408.1K | $436.2K | |
| Total assets | $22.5M | $21.2M | |
| Accounts payable | $902.3K | $944.4K | |
| Customer deposits | $88.9K | $180.6K | |
| Billings in excess of cost and profit | $430.7K | $1.9M | |
| Income taxes payable | $15.0K | $5.5K | |
| Accrued Liabilities, Current | $1.3M | $1.3M | |
| Line of credit | $3.3M | $1.9M | |
| Current portion of finance lease liabilities | $255.7K | $220.9K | |
| Current portion of long-term debt | $165.3K | $119.7K | |
| Total current liabilities | $6.4M | $6.6M | |
| Long-term portion of operating lease liabilities | $0 | $4.7K | |
| Long-term portion of finance lease liabilities | $408.2K | $534.4K | |
| Long-term debt, excluding current portion | $2.3M | $2.0M | |
| Total liabilities | $9.2M | $9.1M | |
| Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2025 and 2024; issued and outstanding 0 shares in 2025 and 2024. | $0 | $0 | |
| Common stock $0.01 par value. Authorized 9,500,000 shares in 2025 and 2024; issued 5,225,423 in 2025 and 5,149,173 in 2024 | $52.3K | $51.5K | |
| Additional paid-in capital | $5.2M | $5.0M | |
| Retained earnings | $8.4M | $7.3M | |
| Treasury stock, at cost (113,589 shares in 2025 and 112,714 shares in 2024) | -$308.7K | -$307.1K | |
| Total stockholders equity | $13.3M | $12.1M | $11.6M |
| Total liabilities and stockholders equity | $22.5M | $21.2M | |
| Allowance for credit losses | $60.6K | $108.6K | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, authorized (in shares) | 500.0K shares | 500.0K shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 9.5M shares | 9.5M shares | |
| Common stock, issued (in shares) | 5.2M shares | 5.1M shares | |
| Treasury stock, shares (in shares) | 113.6K shares | 112.7K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.0M | -$94.5K |
| Net income from discontinued operations | $0 | $401.8K |
| Stock based compensation | $179.1K | $182.8K |
| Increase in obsolete inventory reserves | $56.8K | $152.9K |
| Gain on disposal of property, plant, and equipment | -$45.5K | -$5.3K |
| Depreciation and amortization expense | $792.1K | $868.0K |
| Amortization of cloud computing implementation costs | $60.9K | $121.8K |
| Increase (decrease) in allowance for expected credit losses - accounts receivable | -$48.0K | $76.5K |
| Deferred income taxes | $379.4K | $62.9K |
| Accounts receivable | $219.0K | $982.8K |
| Inventories | -$1.4M | $550.5K |
| Other assets | -$339.5K | -$33.6K |
| Accounts payable | -$42.1K | -$1.3M |
| Contracts in progress, net | -$1.7M | $1.7M |
| Customer deposits | -$91.7K | -$235.4K |
| Income taxes payable | $9.5K | $500 |
| Accrued expenses | $32.9K | -$95.9K |
| Net cash provided by (used in) operating activities - continuing operations | -$904.1K | $2.9M |
| Net cash used in operating activities - discontinued operations | $0 | -$249.3K |
| Net cash provided by (used in) operating activities | -$904.1K | $2.6M |
| Purchases of property, plant, and equipment | -$627.6K | -$724.7K |
| Net proceeds from sale of assets | $47.1K | $5.3K |
| Net cash used in investing activities - continuing operations | -$580.5K | -$719.4K |
| Net cash provided by investing activities - discontinued operations | $0 | $1.7M |
| Net cash provided by (used in) investing activities | -$580.5K | $961.1K |
| Net change in line of credit | $1.3M | -$2.5M |
| Principal payments on finance lease obligations | -$230.3K | -$262.5K |
| Proceeds from term debt | $517.0K | $0 |
| Repayment of term debt | -$121.5K | -$644.1K |
| Repurchases of common stock | -$1.5K | -$37.7K |
| Net cash provided by (used in) financing activities - continuing operations | $1.5M | -$3.4M |
| Net cash used in financing activities - discontinued operations | $0 | -$160.6K |
| Net cash provided by (used in) financing activities | $1.5M | -$3.6M |
| Net increase (decrease) in cash | $3.0K | -$2.2K |
| Interest | $338.1K | $601.7K |
| Income taxes | $13.4K | $6.3K |
| Right-of-use (ROU) assets acquired (included in other assets) | $138.9K | $38.9K |
| Amortization of operating lease ROU assets (included in other assets) | $13.8K | $8.7K |
Recent filings
- Oct 13, 202610-Q
- Oct 9, 20268-K
- Oct 1, 2026SCHEDULE 13G/A
- Sep 2, 20264
- Sep 2, 20264
- Sep 2, 20264
- Sep 2, 20264
- Sep 2, 20264
- Aug 10, 20268-K
- Jul 15, 202610-Q
- Jul 10, 20268-K
- Jul 6, 2026SCHEDULE 13G/A
- Jul 6, 2026SCHEDULE 13G/A
- Jun 29, 20268-K
- Jun 1, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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