Art's-Way Manufacturing Co., Inc. (ARTW) Revenue History
Annual and quarterly revenue from 1989 to present
ARTW Revenue Over Time (1989–2024)
ARTW Revenue Growth History
18 of 35 years with positive growth- FY1989 revenue growth
- N/A
- FY1990 revenue growth
- -13.9%
- FY1991 revenue growth
- +14.1%
- FY1992 revenue growth
- -11.4%
- FY1993 revenue growth
- +4.6%
- FY1994 revenue growth
- +1.0%
- FY1995 revenue growth
- -1.0%
- FY1996 revenue growth
- -32.0%
- FY1997 revenue growth
- -19.6%
- FY1998 revenue growth
- +112.6%
- FY1999 revenue growth
- -27.1%
- FY2000 revenue growth
- -17.3%
- FY2001 revenue growth
- -23.5%
- FY2002 revenue growth
- +0.1%
- FY2003 revenue growth
- +4.7%
- FY2004 revenue growth
- +12.0%
- FY2005 revenue growth
- +14.3%
- FY2006 revenue growth
- +35.8%
- FY2007 revenue growth
- +28.5%
- FY2008 revenue growth
- +25.6%
- FY2009 revenue growth
- -17.9%
- FY2010 revenue growth
- +10.1%
- FY2011 revenue growth
- -4.6%
- FY2012 revenue growth
- +32.0%
- FY2013 revenue growth
- -6.1%
- FY2014 revenue growth
- +5.7%
- FY2015 revenue growth
- -27.2%
- FY2016 revenue growth
- -18.1%
- FY2017 revenue growth
- -3.9%
- FY2018 revenue growth
- -4.8%
- FY2019 revenue growth
- +16.0%
- FY2020 revenue growth
- -2.1%
- FY2021 revenue growth
- +11.4%
- FY2022 revenue growth
- +2.7%
- FY2023 revenue growth
- +18.1%
- FY2024 revenue growth
- -19.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $6.4M | +9.5% |
| Q2 2025 | $6.3M | -5.8% |
| Q1 2025 | $5.1M | -10.2% |
| Q4 2024 | $6.2M | -10.0% |
| Q3 2024 | $5.9M | -27.6% |
| Q2 2024 | $6.7M | -18.2% |
| Q1 2024 | $5.7M | -19.2% |
| Q4 2023 | $6.9M | -7.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
ARTW's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
ARTW Revenue Analysis (1989–2024)
Current Revenue & Growth
As of June 23, 2026, Art's-Way Manufacturing Co., Inc. (ARTW) generated trailing twelve-month (TTM) revenue of $24.1 million, reflecting solid growth of +9.5% year-over-year. The most recent quarter (Q3 2025) recorded $6.4 million in revenue, up 1.5% sequentially.
Historical Growth Trajectory
ARTW's 5-year compound annual growth rate (CAGR) stands at +1.4%, indicating moderate growth over time. The 3-year CAGR of -0.6% is below the 5-year average, signalling a growth deceleration in recent years. Art's-Way Manufacturing Co., Inc.'s highest annual revenue of $36.5 million was recorded in 2012.
Revenue by Segment
ARTW's revenue is primarily driven by Farm Equipment (51%), Modular Buildings (38%), and Farm Equipment Service Parts (8%). With over half of revenue concentrated in Farm Equipment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including LEGH (-7.6% YoY), TWIN (+10.7% YoY), and AGCO (-3.8% YoY) — ARTW has outperformed the peer group in revenue growth. Compare ARTW vs LEGH →
ARTW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARTWCurrent | $24M | +9.5% | +1.4% | 1.9% | |
 LEGH | $165M | -7.6% | -1.4% | 29.4% | |
 TWIN | $341M | +10.7% | +6.7% | 2.9% | |
 AGCO | $10.1B | -3.8% | +2.0% | 6.9% | |
 CNH | $18.1B | -4.0% | +4.1% | 15.4% | |
 DE | $44.7B | +5.4% | +5.2% | 18.8% |
ARTW Historical Revenue Data (1989–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $24.5M | -19.1% | $7.3M | 29.8% | $461K | 1.9% |
| 2023 | $30.3M | +18.1% | $8.6M | 28.3% | $1.5M | 5.1% |
| 2022 | $25.6M | +2.7% | $6.9M | 27.1% | $605K | 2.4% |
| 2021 | $25.0M | +11.4% | $6.6M | 26.4% | $523K | 2.1% |
| 2020 | $22.4M | -2.1% | $2.4M | 10.7% | $-3,909,634 | -17.4% |
| 2019 | $22.9M | +16.0% | $3.9M | 17.2% | $-1,496,881 | -6.5% |
| 2018 | $19.7M | -4.8% | $3.5M | 17.8% | $-3,095,270 | -15.7% |
| 2017 | $20.7M | -3.9% | $4.1M | 19.7% | $-1,722,042 | -8.3% |
| 2016 | $21.6M | -18.1% | $5.3M | 24.7% | $-431,447 | -2.0% |
| 2015 | $26.3M | -27.2% | $6.9M | 26.3% | $-76,812 | -0.3% |
| 2014 | $36.2M | +5.7% | $8.7M | 24.1% | $1.7M | 4.6% |
| 2013 | $34.2M | -6.1% | $8.4M | 24.4% | $1.8M | 5.3% |
| 2012 | $36.5M | +32.0% | $10.0M | 27.5% | $4.3M | 11.9% |
| 2011 | $27.6M | -4.6% | $7.0M | 25.4% | $1.9M | 7.0% |
| 2010 | $29.0M | +10.1% | $6.8M | 23.5% | $1.9M | 6.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
37+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ARTW — Frequently Asked Questions
Quick answers to the most common questions about buying ARTW stock.
Is ARTW's revenue growth accelerating or slowing?
ARTW revenue growth is holding steady at +9.5% year-over-year. TTM revenue is $24M. The current growth rate closely tracks the 5-year CAGR of +1.4%, signalling consistent execution.
What is ARTW's revenue history from 1989 to 2026?
Art's-Way Manufacturing Co., Inc. (ARTW) revenue history spans 1989 to 2026. TTM revenue as of 2026 is $24M, growing at +9.5% YoY. The 5-year CAGR is +1.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ARTW's long-term revenue growth rate (CAGR)?
Art's-Way Manufacturing Co., Inc.'s 5-year revenue CAGR of +1.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +9.5% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ARTW.
Why does ARTW's quarterly revenue fluctuate?
ARTW quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Art's-Way Manufacturing Co., Inc.'s revenue data from 1989 to 2026 shows full historical quarterly detail on this page.
How is ARTW's revenue distributed by segment?
ARTW reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ARTW's revenue compare to industry peers?
Art's-Way Manufacturing Co., Inc. (ARTW) with TTM revenue of $24M and +9.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.