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NASDAQ NMS - GLOBAL MARKET · Machinery · CIK 0000007623
$3.10
+0.65% · delayed ~15 min
Last price from Oct 21, 2026
$15.8M market value
From ARTS WAY MANUFACTURING CO INC's FY2025 10-K, filed Feb 12, 2026 · read the filing
ARTS WAY MANUFACTURING makes industrial machinery and equipment. It took in $23.0M last year, which makes it a small company. Of every dollar it sells, about 5 cents is left as profit.
The financial picture is mixed, with profitability and accounting needing attention and growth and debt weaker.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Several areas of financial weakness.
From ARTS WAY MANUFACTURING CO INC's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Profit
$307.4K → $1.0M
Free cash flow
$1.9M → -$1.5M
Earnings per share
$0.06 → $0.20
Cash
$1.9K → $4.8K
Measured against FY2024, from the 10-K filed Feb 12, 2026
Improved: +236.7%
$307.4K to $1.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
ARTW rose 0.65% on the latest quote. The average Industrials company tracked here moved +0.37%, and the S&P 500 −1.04%. That is in line with its sector and 1.7 points above the market.
No filing from ARTW and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.2% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 5 cents of every dollar of sales as profit, earning $1.0M last year. Note that operations still consumed cash despite the reported profit.
No. Sales shrank 6.2% last year.
Yes — it carries debt while operations are consuming cash rather than generating it. For every $1 it owes, it owns $2.45 in assets. Its operating profit does not cover its interest bill — 0.79x against the interest it owes.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2025 annual filing
Last year it earned $1.0M and generated -$904.1K of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 12, 2026Filing for FY2025 | FY202410-K · Feb 18, 2025Filing for FY2024 | FY202310-K · Feb 18, 2025Filing for FY2023 | FY202210-K · Feb 28, 2024Filing for FY2022 | FY202110-K · Feb 17, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $23.0M | $24.5M | $30.3M | $25.6M | $25.0M | −6.2% |
| Cost of revenue | $16.7M | $17.2M | $21.7M | $18.7M | $18.4M | −2.8% |
| Gross profit | $6.3M | $7.3M | $8.6M | $6.9M | $6.6M | −14.3% |
| Gross marginGross profit ÷ revenueWhat is this? | 27.3% | 29.8% | 28.3% | 27.1% | 26.4% | −2.6 pts |
| Selling, general and administrative | $4.2M | $4.8M | $4.3M | $3.8M | $3.6M | −12.3% |
| Operating income | $289.5K | $460.7K | $1.5M | $604.7K | $523.4K | −37.2% |
| Operating marginOperating income ÷ revenueWhat is this? | 1.3% | 1.9% | 5.1% | 2.4% | 2.1% | −0.6 pts |
| Interest expense | $366.7K | $599.4K | $590.0K | $404.2K | $313.5K | −38.8% |
| Income before tax | $1.4M | -$135.5K | $1.1M | $440.9K | $266.9K | n/m |
| Net income | $1.0M | $307.4K | $267.0K | $97.8K | $212.6K | +236.7% |
| Net marginNet income ÷ revenueWhat is this? | 4.5% | 1.3% | 0.9% | 0.4% | 0.9% | +3.2 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $0.2036 | $0.0607 | $0.0531 | $0.0211 | $0.047 | +235.4% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Was granted or awarded shares — 1,000 shares
Holds 65,000 shares after this filing.
Was granted or awarded shares — 1,000 shares
Holds 33,000 shares after this filing.
Was granted or awarded shares
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q3 FY2026
Revenue -12.7% · Operating margin −6.6 pts · Operating income turned negative — against Q3 FY2025
Read the filingSigned a material agreement · Took on a direct financial obligation · Published results
Read the filingWrite down why you are following ARTS WAY MANUFACTURING CO INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
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Art's-Way Manufacturing Q3 EPS $(0.03) Down From $0.05 YoY, Sales $5.615M Down From $6.432M YoY
Benzinga ·
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from ARTW's 10-K for fiscal year 2025 (period ending 2025-11-30, filed Feb 12, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 4.0 | 4/9 | 10-K, filed Feb 12, 2026 |
| FY2024 | 5.0 | 8/9 | 10-K, filed Feb 18, 2025 |
| FY2023 | 6.0 | 6/9 | 10-K, filed Feb 28, 2024 |
| FY2022 | 6.0 | 4/9 | 10-K, filed Feb 16, 2023 |
| FY2021 | 6.0 | 5/9 | 10-K, filed Feb 17, 2022 |
| FY2020 | 3.0 | 2/9 | 10-K, filed Feb 9, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
3.06
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.13
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: turned negative
$1.9M to -$1.5MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +235.4%
$0.06 to $0.20Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +160.7%
$1.9K to $4.8KCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -37.2%
$460.7K to $289.5KSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +3.3 pts
1.3% to 4.5%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +17.7%
$2.0M to $2.3MSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -6.2%
$24.5M to $23.0MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -14.3%
$7.3M to $6.3MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −2.6 pts
29.8% to 27.3%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Changed: -13.4%
$724.7K to $627.6KNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q3 FY2026 against Q3 FY2025, from the 10-Q filed Oct 13, 2026 — read it.
Deteriorated: turned negative
$344.7K to -$70.0KCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$254.1K to -$139.7KCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: turned negative
$0.05 to -$0.03Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -52.1%
$6.0K to $2.9KCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: −6.6 pts
5.4% to -1.2%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −6.4 pts
4.0% to -2.5%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +15.5%
$1.9M to $2.2MSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -12.7%
$6.4M to $5.6MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -6.0%
$1.8M to $1.7MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +2.1 pts
27.5% to 29.6%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: +1.9%
5.1M to 5.2MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q3 FY2026 against Q2 FY2026, from the 10-Q filed Oct 13, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: turned negative
$286.6K to -$70.0KCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$173.5K to -$139.7KCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: turned negative
$0.03 to -$0.03Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -52.2%
$6.0K to $2.9KCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -28.5%
$7.9M to $5.6MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -18.3%
$2.0M to $1.7MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +3.7 pts
25.9% to 29.6%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −4.9 pts
3.6% to -1.2%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −4.7 pts
2.2% to -2.5%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 32.5x — a high multiple relative to the current trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Holds 257,500 shares after this filing.
Was granted or awarded shares — 1,000 shares
Holds 52,000 shares after this filing.
Was granted or awarded shares — 1,000 shares
Holds 79,709 shares after this filing.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Made a Regulation FD disclosure
Quarterly report for Q2 FY2026
Revenue +23.9% · Operating margin −4.4 pts · Operating income -43.9% — against Q2 FY2025
Read the filingPublished results
Read the filingSigned a material agreement
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +29.2% · Operating margin +4.9 pts · Operating income +13180.4% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Revenue -6.2% · Profit margin +3.3 pts · Profit +236.7% — against FY2024
Read the filingPublished results
Read the filingSigned a material agreement
Read the filingQuarterly report for Q3 FY2025
Revenue +9.5% · Operating margin +2.7 pts · Operating income +124.3% — against Q3 FY2024
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q2 FY2025
Revenue -5.8% · Operating margin +5.5 pts · Operating income +202.6% — against Q2 FY2024
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2025
Read the filingPrimary sources and further research