ARTW (Art's-Way Manufacturing Co) Operating Income: $0.39 Mil (TTM As of May. 2026)

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ARTW Art's-Way Manufacturing Co Inc ARTW
50 GF Score
Price $3.04
GF Value $1.87
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Art's-Way Manufacturing Co Operating Income?

Art's-Way Manufacturing Co ARTW -3.49% 50 Operating Income is $0.39 Mil as of May. 2026. GuruFocus rates ARTW with a GF Score™ of 50/100 and a GF Value™ of $1.87 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Art's-Way Manufacturing Co's Operating Income for the three months ended in May. 2026 was $0.29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was $0.39 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Art's-Way Manufacturing Co's Operating Income for the three months ended in May. 2026 was $0.29 Mil. Art's-Way Manufacturing Co's Revenue for the three months ended in May. 2026 was $7.85 Mil. Therefore, Art's-Way Manufacturing Co's Operating Margin % for the quarter that ended in May. 2026 was 3.65%.

Art's-Way Manufacturing Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Art's-Way Manufacturing Co's annualized ROC % for the quarter that ended in May. 2026 was 4.11%. Art's-Way Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 7.93%.


Art's-Way Manufacturing Co  (NAS:ARTW) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Art's-Way Manufacturing Co's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2026 ) + Invested Capital (Q: May. 2026 ))/ count )
=1.148 * ( 1 - 23.01% )/( (21.904 + 21.054)/ 2 )
=0.8838452/21.479
=4.11 %

where

Note: The Operating Income data used here is four times the quarterly (May. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Art's-Way Manufacturing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2026  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.356/( ( (5.241 + max(11.844, 0)) + (5.381 + max(11.724, 0)) )/ 2 )
=1.356/( ( 17.085 + 17.105 )/ 2 )
=1.356/17.095
=7.93 %

where Working Capital is:

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.434 + 12.07 + 0.874) - (2.657 + 1.71 + 0.167)
=11.844

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.706 + 11.498 + 0.955) - (2.618 + 0.705 + 0.112)
=11.724

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Art's-Way Manufacturing Co's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=0.287/7.854
=3.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Art's-Way Manufacturing Co Operating Income Related Terms


Art's-Way Manufacturing Co Operating Income Historical Data

* Premium members only.

The historical data trend for Art's-Way Manufacturing Co's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Art's-Way Manufacturing Co Operating Income Chart

Art's-Way Manufacturing Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.61 1.53 0.46 0.29

Art's-Way Manufacturing Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.35 -0.57 0.33 0.29
ARTW
50GF Score
Art's-Way Manufacturing Co Inc ARTW
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Art's-Way Manufacturing Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.39 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $0.39 Mil mean?
Art's-Way Manufacturing Co (ARTW) has a Operating Income of $0.39 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Art's-Way Manufacturing Co and its competitors.
Is Art's-Way Manufacturing Co's Operating Income too high?
Art's-Way Manufacturing Co's current Operating Income is $0.39 Mil. Overall, Art's-Way Manufacturing Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Art's-Way Manufacturing Co's Operating Income compare to GP and CLEV?
Art's-Way Manufacturing Co's Operating Income of $0.39 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Farm & Heavy Construction Machinery company?
A good Operating Income depends on the Farm & Heavy Construction Machinery industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Art's-Way Manufacturing Co and its competitors. Art's-Way Manufacturing Co's current Operating Income is $0.39 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Art's-Way Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Art's-Way Manufacturing Co (ARTW) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.87, compared to a current price of $3.04 — trading 62.6% above its estimated fair value. The current Operating Income is $0.39 Mil. Art's-Way Manufacturing Co's overall GF Score™ is 50/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Art's-Way Manufacturing Co (ARTW), the current Operating Income is $0.39 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Art's-Way Manufacturing Co (ARTW) Overvalued in 2026?

Based on GuruFocus' analysis, Art's-Way Manufacturing Co stock appears to be overvalued. The current stock price of $3.04 is trading 62.6% above its estimated GF Value™ of $1.87. GuruFocus considers Art's-Way Manufacturing Co to be Significantly Overvalued.

Key valuation signals for ARTW:

  • Operating Income: $0.39 Mil
  • GF Value™: $1.87 vs. price of $3.04 (62.6% above fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the ARTW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Art's-Way Manufacturing Co Business Description

Other Exchanges ID2:Germany
Address 5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514
Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has two reportable segments: Agricultural Products and Modular Buildings. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and world wide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. It derives revenues from the Agricultural Products segment.
50GF Score

Get the complete analysis for ARTW

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.04
Price
$1.87
GF Value