ARTW
Arts-Way Manufacturing Co Inc
NASDAQ: ARTW · INDUSTRIALS · FARM & HEAVY CONSTRUCTION MACHINERY
$2.70
-3.57% today
Updated 2026-04-30
Market cap
$15.49M
P/E ratio
11.96
P/S ratio
0.63x
EPS (TTM)
$0.25
Dividend yield
—
52W range
$2 – $5
Volume
0.0M
Arts-Way Manufacturing Co Inc (ARTW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.85M | $25.52M | $32.04M | $26.30M | $28.95M | $27.62M | $36.46M | $34.23M | $36.17M | $26.33M | $21.56M | $20.72M | $19.73M | $22.89M | $22.41M | $24.97M | $25.65M | $30.28M | $24.50M | $22.98M |
| Revenue growth (YoY) | — | +28.5% | +25.6% | -17.9% | +10.1% | -4.6% | +32.0% | -6.1% | +5.7% | -27.2% | -18.1% | -3.9% | -4.8% | +16.0% | -2.1% | +11.4% | +2.7% | +18.1% | -19.1% | -6.2% |
| Cost of revenue | $14.15M | $17.84M | $24.08M | $20.92M | $22.14M | $20.61M | $26.42M | $25.86M | $27.45M | $20.95M | $16.24M | $16.63M | $16.22M | $18.96M | $20.01M | $18.37M | $18.71M | $21.70M | $17.19M | $17.05M |
| Gross profit | $5.71M | $7.68M | $7.96M | $5.37M | $6.81M | $7.01M | $10.03M | $8.37M | $8.72M | $6.91M | $5.32M | $4.08M | $3.51M | $3.93M | $2.40M | $6.60M | $6.94M | $8.58M | $7.31M | $5.92M |
| Gross margin | 28.7% | 30.1% | 24.9% | 20.4% | 23.5% | 25.4% | 27.5% | 24.4% | 24.1% | 26.3% | 24.7% | 19.7% | 17.8% | 17.2% | 10.7% | 26.4% | 27.1% | 28.3% | 29.8% | 25.8% |
| R&D | $428336.00 | $338286.00 | $323265.00 | $358132.00 | $417521.00 | $433766.00 | $331061.00 | $514086.00 | $482057.00 | $500820.00 | $429910.00 | $501182.00 | $640430.00 | $479345.00 | $476721.00 | $505085.00 | $580537.00 | $598065.00 | $432587.00 | $228000.00 |
| SG&A | $3.50M | $3.59M | $3.14M | $2.68M | $2.69M | $2.94M | $3.76M | $3.88M | $4.21M | $4.74M | $3.44M | $3.34M | $3.44M | $3.34M | $4.21M | $3.55M | $3.85M | $4.32M | $4.78M | $4.19M |
| Operating income | $1.77M | $3.76M | $2.77M | $708389.00 | $1.90M | $1.93M | $4.33M | $1.82M | $1.66M | $-76812.00 | $-431447.00 | $-1.72M | $-3.10M | $-1.50M | $-3.91M | $523408.00 | $604718.00 | $1.53M | $460697.00 | $289000.00 |
| Operating margin | 8.9% | 14.7% | 8.6% | 2.7% | 6.5% | 7.0% | 11.9% | 5.3% | 4.6% | -0.3% | -2.0% | -8.3% | -15.7% | -6.5% | -17.4% | 2.1% | 2.4% | 5.1% | 1.9% | 1.3% |
| EBITDA | $2.02M | $4.20M | $3.81M | $2.38M | $2.70M | $2.79M | $5.25M | $3.21M | $2.57M | $613767.00 | $397760.00 | $-771183.00 | $-2.58M | $-407100.00 | $-1.84M | $1.19M | $1.51M | $2.48M | $460697.00 | $1.08M |
| EBITDA margin | 10.2% | 16.4% | 11.9% | 9.0% | 9.3% | 10.1% | 14.4% | 9.4% | 7.1% | 2.3% | 1.8% | -3.7% | -13.1% | -1.8% | -8.2% | 4.8% | 5.9% | 8.2% | 1.9% | 4.7% |
| EBIT | $1.77M | $3.76M | $3.21M | $1.72M | $1.98M | $2.01M | $4.40M | $2.50M | $1.68M | $-315413.00 | $-274207.00 | $-1.47M | $-3.54M | $-1.41M | $-2.66M | $580375.00 | $845132.00 | $1.68M | $463905.00 | $289000.00 |
| Interest expense | $303370.00 | $371426.00 | $461412.00 | $508145.00 | $423267.00 | $428538.00 | $413594.00 | $296640.00 | $351899.00 | $302281.00 | $248580.00 | $319622.00 | $304566.00 | $358174.00 | $304611.00 | $313485.00 | $404188.00 | $590005.00 | $599396.00 | $366683.00 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $933540.00 | $2.23M | $1.83M | $762250.00 | $1.05M | $1.25M | $2.67M | $1.55M | $935247.00 | $-557842.00 | $-426182.00 | $-1.37M | $-3.34M | $-1.42M | $-2.10M | $212631.00 | $97797.00 | $266969.00 | $307375.00 | $1.03M |
| Net income growth (YoY) | — | +139.3% | -18.1% | -58.3% | +38.2% | +18.5% | +113.4% | -41.8% | -39.7% | -159.6% | +23.6% | -221.3% | -143.6% | +57.4% | -48.2% | +110.1% | -54.0% | +173.0% | +15.1% | +236.7% |
| Profit margin | 4.7% | 8.8% | 5.7% | 2.9% | 3.6% | 4.5% | 7.3% | 4.5% | 2.6% | -2.1% | -2.0% | -6.6% | -16.9% | -6.2% | -9.4% | 0.9% | 0.4% | 0.9% | 1.3% | 4.5% |