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ARTS WAY MANUFACTURING CO INC

CIK: 7623 SIC: 3523
$24.08M
Revenue
$2.51M
Net Income
31.36%
Gross Margin
5.72%
Op. Margin
$1.45M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 9 of 13 annual reports available (2011 - 2024)
Breakdown TTM
(Aug 31, 2025)
FY 2024
(Nov 30, 2024)
FY 2023
(Nov 30, 2023)
FY 2022
(Nov 30, 2022)
FY 2021
(Nov 30, 2021)
FY 2020
(Nov 30, 2020)
FY 2019
(Nov 30, 2019)
FY 2018
(Nov 30, 2018)
FY 2017
(Nov 30, 2017)
FY 2016
(Nov 30, 2016)
+ Total Revenue $24.08M $24.50M $30.28M $28.40M $24.97M $22.41M $22.89M $19.73M $20.72M $21.56M
Revenue Growth % -1.7% -19.1% 6.6% 13.8% 11.4% -2.1% 16.0% -4.8% -3.9% nan%
Cost of Revenue $16.53M $17.19M $21.70M $21.09M $18.37M $20.01M $18.96M $16.22M $16.63M $16.24M
+ Gross Profit $7.55M $7.31M $8.58M $7.31M $6.60M $2.40M $3.93M $3.51M $4.08M $5.32M
Gross Margin % 31.4% 29.8% 28.3% 25.7% 26.4% 10.7% 17.2% 17.8% 19.7% 24.7%
Operating Expenses $6.18M $6.85M $7.05M $6.97M $6.07M $6.31M $5.42M $6.61M $5.80M $5.75M
Research & Development - $216.00K - - - - - - - -
+ Operating Income $1.38M $460.70K $1.53M $332.68K $523.41K $-3.91M $-1.50M $-3.10M $-1.72M $-431.45K
Operating Margin % 5.7% 1.9% 5.1% 1.2% 2.1% -17.4% -6.5% -15.7% -8.3% -2.0%
Interest Expense $609.05K $601.68K $590.00K $453.87K $313.49K $304.61K $358.17K $304.57K $319.62K $248.58K
Other Income/Expense $1.54M $3.21K $147.51K $238.19K $56.97K $1.25M $86.23K $-446.63K $248.51K $157.24K
Income Before Tax $2.53M $-135.49K $1.09M $117.00K $266.89K $-2.96M $-1.77M $-3.85M $-1.79M $-522.78K
Income Tax Expense $521.41K $-41.02K $325.96K $19.20K $54.26K $-856.47K $-349.23K $-510.42K $-423.80K $-96.60K
+ Net Income $2.51M $307.38K $266.97K $97.80K $212.63K $-2.10M $-1.42M $-3.39M $-1.64M $-821.33K
Net Margin % 10.4% 1.3% 0.9% 0.3% 0.9% -9.4% -6.2% -17.2% -7.9% -3.8%
Basic EPS nan 0.06 0.05 0.02 0.05 -0.48 -0.33 -0.81 -0.39 -0.20
Diluted EPS nan 0.06 0.05 0.02 0.05 -0.48 -0.33 -0.81 -0.39 -0.20
Basic Shares Outstanding - 5.1M 5.0M 4.7M 4.5M 4.4M 4.3M 4.2M 4.2M 4.1M
Diluted Shares Outstanding - 5.1M 5.0M 4.7M 4.5M 4.4M 4.3M 4.2M 4.2M 4.1M
Breakdown FY 2024
(Nov 30, 2024)
FY 2023
(Nov 30, 2023)
FY 2022
(Nov 30, 2022)
FY 2021
(Nov 30, 2021)
FY 2020
(Nov 30, 2020)
FY 2019
(Nov 30, 2019)
FY 2018
(Nov 30, 2018)
FY 2017
(Nov 30, 2017)
FY 2016
(Nov 30, 2016)
Cash & Cash Equivalents $1.86K $4.01K $5.05K $2.66K $2.68K $3.15K $3.51K $212.40K $1.06M
Accounts Receivable $2.37M $3.43M $2.72M $2.66M $2.39M $1.68M $1.54M $1.91M $1.42M
Inventory $10.33M $11.03M $10.61M $9.21M $7.76M $8.78M $10.26M $11.97M $13.53M
Other Current Assets $208.47K $296.66K $343.62K $121.17K $61.28K $70.93K $125.09K $275.75K $158.09K
Total Current Assets $13.12M $15.09M $14.13M $12.17M $10.30M $11.41M $12.15M $14.43M $17.62M
Property Plant & Equipment $5.15M - $6.18M $5.24M $5.22M $5.36M $5.65M $5.95M $7.39M
Goodwill - - - - - - - $375.00K $375.00K
Other Non-current Assets $436.18K $583.75K $630.25K $299.03K $93.76K $71.19K $76.50K $81.55K $42.96K
Total Assets $21.24M $24.40M $23.95M $20.85M $18.80M $19.35M $21.33M $24.38M $27.24M
Accounts Payable $944.45K $2.26M $2.63M $1.74M $1.96M $1.21M $802.06K $673.65K $469.48K
Accrued Liabilities $1.30M $1.40M $1.28M $1.21M $1.28M $1.13M $893.28K $981.56K $1.02M
Deferred Revenue $180.60K $416.04K $828.57K $278.51K $198.22K $105.36K $145.63K - -
Total Current Liabilities $6.63M $9.40M $9.27M $7.69M $6.16M $5.20M $5.77M $5.05M $7.06M
Long-term Debt $1.98M $2.63M $2.90M $2.64M $2.71M $2.35M $2.52M $2.75M $1.39M
Total Liabilities $9.15M $12.76M $12.80M $10.50M $8.90M $7.55M $8.29M $8.39M $9.77M
Common Stock $51.49K $51.07K $50.14K $45.84K $44.70K $43.21K $42.25K $41.59K $41.09K
Retained Earnings $7.33M $7.02M $6.75M $6.66M $6.44M $8.55M $9.97M $13.35M $14.99M
Treasury Stock - - $200.96K $108.52K $78.05K $47.06K $27.73K $6.42K -
Total Stockholders Equity $12.09M $11.64M $11.15M $10.35M $9.91M $11.79M $13.04M $15.99M $17.48M
Total Liabilities & Equity $21.24M $24.40M $23.95M $20.85M $18.80M $19.35M $21.33M $24.38M $27.24M
Breakdown TTM
(Aug 31, 2025)
FY 2024
(Nov 30, 2024)
FY 2023
(Nov 30, 2023)
FY 2022
(Nov 30, 2022)
FY 2021
(Nov 30, 2021)
FY 2020
(Nov 30, 2020)
FY 2019
(Nov 30, 2019)
FY 2018
(Nov 30, 2018)
FY 2017
(Nov 30, 2017)
FY 2016
(Nov 30, 2016)
Net Income $2.46M $307.38K $266.97K $97.80K $212.63K $-2.10M $-1.42M $-3.39M $-1.64M $-821.33K
Depreciation & Amortization $1.40M $868.00K $804.82K $807.16K $613.41K $818.23K $1.00M $960.61K $702.35K $671.97K
Stock-based Compensation $284.54K $182.85K $292.19K $287.72K $265.54K $247.65K $195.42K $197.24K $113.04K $79.98K
Deferred Income Tax $1.02M $62.92K $102.18K $16.49K $45.80K $-881.64K $-353.63K - - -
Change in Receivables $-2.49M $-982.84K $964.27K $55.78K $259.44K $738.88K $140.69K $-380.38K $499.80K $-458.54K
Change in Inventory $1.89M $-550.55K $1.30M $1.19M $809.07K $-459.80K $-1.48M $-900.85K $-1.56M $-1.66M
Change in Payables $610.08K $-1.31M $-253.96K $893.88K $-218.31K $750.09K $403.25K $128.41K $203.79K $-26.39K
Operating Cash Flow $2.33M $2.63M $-55.19K $951.72K $-985.85K $-856.31K $807.75K $-1.12M $747.40K $2.38M
Capital Expenditure $881.25K $724.68K $841.78K $1.75M $620.28K $693.41K $447.02K $434.50K $513.61K $274.09K
Investing Cash Flow $812.80K $961.07K $-453.51K $-1.34M $-599.48K $-501.65K $452.69K $707.05K $-429.20K $916.55K
Debt Repayment $739.26K $644.09K $99.14K $99.93K $90.18K $85.40K $314.49K $219.43K $2.83M $1.91M
Stock Issued - - - $545.53K - - - - - -
Stock Repurchased $4.63K $37.65K $68.54K $92.43K $30.47K $31.00K $19.32K $21.31K $6.42K -
Financing Cash Flow $-3.14M $-3.59M $507.67K $394.52K $1.59M $1.36M $-1.26M $202.68K $-1.17M $-2.68M
Net Change in Cash $5.79K $-2.15K $-1.04K $2.40K $-26.00 $-461.00 $-367.00 $-208.89K $-851.32K $616.49K
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Aug 31, 2025
Condensed Consolidated Statements of Operations
Description Aug 31, 2025 Aug 31, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $6.43M $5.88M $17.91M $18.33M
Cost of Revenue $4.67M $4.18M $12.59M $13.25M
Gross Profit $1.77M $1.70M $5.32M $5.08M
Operating Expenses $1.42M $1.55M $4.46M $5.14M
Operating Income $344.73K $153.69K $857.87K $-57.62K
Interest Expense $83.67K $150.01K $259.02K $476.81K
Other Income/Expense $60.20K $-4.17K $1.53M $-13.39K
Income Before Tax $321.26K $-483.00 $2.13M $-542.79K
Income Tax Expense $67.15K $-2.71K $446.30K $-116.13K
Net Income $254.11K $-26.20K $1.68M $-524.55K
Condensed Consolidated Balance Sheets
Description Aug 31, 2025 Nov 30, 2024
Cash & Cash Equivalents $5.96K $1.86K
Accounts Receivable $2.02M $2.37M
Inventory $11.24M $10.33M
Other Current Assets $254.41K $208.47K
Total Current Assets $14.18M $13.12M
Other Non-current Assets $407.79K $436.18K
Total Assets $21.82M $21.24M
Accounts Payable $1.18M $944.45K
Accrued Liabilities $933.97K $1.30M
Deferred Revenue $72.77K $180.60K
Total Current Liabilities $5.58M $6.63M
Long-term Debt $1.88M $1.98M
Total Liabilities $7.90M $9.15M
Common Stock $52.20K $51.49K
Retained Earnings $9.01M $7.33M
Total Stockholders Equity $13.91M $12.09M
Total Liabilities & Equity $21.82M $21.24M
Condensed Consolidated Statements of Cash Flows
Description Aug 31, 2025 Aug 31, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $254.11K $-26.20K $1.68M $-524.55K
Depreciation & Amortization - - $593.95K $663.83K
Stock-based Compensation - - $141.10K $187.79K
Deferred Income Tax - - $446.03K $-145.11K
Change in Receivables - - $-412.86K $-464.50K
Change in Inventory - - $873.80K $-494.82K
Change in Payables - - $231.45K $-1.39M
Operating Cash Flow - - $-14.99K $1.43M
Capital Expenditure - - $474.77K $614.37K
Investing Cash Flow - - $-465.67K $-613.57K
Debt Repayment - - $88.71K $81.21K
Stock Repurchased - - $1.54K $37.65K
Financing Cash Flow - - $484.76K $-815.31K
Net Change in Cash - - $4.10K $1.10K

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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