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Side-by-side financial comparison of ARTS WAY MANUFACTURING CO INC (ARTW) and Axon Enterprise (AXON). Click either name above to swap in a different company.

Axon Enterprise is the larger business by last-quarter revenue ($796.7M vs $5.1M, roughly 157.3× ARTS WAY MANUFACTURING CO INC). Axon Enterprise runs the higher net margin — 0.3% vs -12.7%, a 13.1% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -17.9%). Axon Enterprise produced more free cash flow last quarter ($155.4M vs $-1.0M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs -5.9%).

Art's Way Manufacturing is an American producer of agricultural machinery, modular buildings and cutting tools under the brand names Art's Way, Art's Way Scientific and American Carbide Tool. The firm previously manufactured OEM feed blowers sold by Case New Holland.

Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.

ARTW vs AXON — Head-to-Head

Bigger by revenue
AXON
AXON
157.3× larger
AXON
$796.7M
$5.1M
ARTW
Growing faster (revenue YoY)
AXON
AXON
+56.8% gap
AXON
38.9%
-17.9%
ARTW
Higher net margin
AXON
AXON
13.1% more per $
AXON
0.3%
-12.7%
ARTW
More free cash flow
AXON
AXON
$156.5M more FCF
AXON
$155.4M
$-1.0M
ARTW
Faster 2-yr revenue CAGR
AXON
AXON
Annualised
AXON
31.5%
-5.9%
ARTW

Income Statement — Q4 2025 vs Q4 2025

Metric
ARTW
ARTW
AXON
AXON
Revenue
$5.1M
$796.7M
Net Profit
$-645.5K
$2.7M
Gross Margin
18.6%
57.9%
Operating Margin
-11.2%
-6.3%
Net Margin
-12.7%
0.3%
Revenue YoY
-17.9%
38.9%
Net Profit YoY
-177.6%
-98.0%
EPS (diluted)
$-0.13
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARTW
ARTW
AXON
AXON
Q4 25
$5.1M
$796.7M
Q3 25
$6.4M
$710.6M
Q2 25
$6.3M
$668.5M
Q1 25
$5.1M
$603.6M
Q4 24
$6.2M
$573.4M
Q3 24
$5.9M
$544.3M
Q2 24
$6.7M
$504.1M
Q1 24
$5.7M
$460.7M
Net Profit
ARTW
ARTW
AXON
AXON
Q4 25
$-645.5K
$2.7M
Q3 25
$254.1K
$-2.2M
Q2 25
$1.5M
$36.1M
Q1 25
$-55.8K
$88.0M
Q4 24
$832.0K
$136.0M
Q3 24
$-26.2K
$67.0M
Q2 24
$-33.3K
$40.8M
Q1 24
$-465.0K
$133.2M
Gross Margin
ARTW
ARTW
AXON
AXON
Q4 25
18.6%
57.9%
Q3 25
27.5%
60.1%
Q2 25
32.5%
60.4%
Q1 25
29.1%
60.6%
Q4 24
36.1%
60.5%
Q3 24
28.9%
60.8%
Q2 24
28.3%
60.3%
Q1 24
25.7%
56.4%
Operating Margin
ARTW
ARTW
AXON
AXON
Q4 25
-11.2%
-6.3%
Q3 25
5.4%
-0.3%
Q2 25
8.1%
-0.2%
Q1 25
0.0%
-1.5%
Q4 24
8.4%
-2.6%
Q3 24
2.6%
4.4%
Q2 24
2.5%
6.5%
Q1 24
-6.6%
3.5%
Net Margin
ARTW
ARTW
AXON
AXON
Q4 25
-12.7%
0.3%
Q3 25
4.0%
-0.3%
Q2 25
23.4%
5.4%
Q1 25
-1.1%
14.6%
Q4 24
13.5%
23.7%
Q3 24
-0.4%
12.3%
Q2 24
-0.5%
8.1%
Q1 24
-8.1%
28.9%
EPS (diluted)
ARTW
ARTW
AXON
AXON
Q4 25
$-0.13
$0.02
Q3 25
$0.05
$-0.03
Q2 25
$0.29
$0.44
Q1 25
$-0.01
$1.08
Q4 24
$0.17
$1.68
Q3 24
$-0.01
$0.86
Q2 24
$-0.01
$0.53
Q1 24
$-0.09
$1.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARTW
ARTW
AXON
AXON
Cash + ST InvestmentsLiquidity on hand
$4.8K
$1.7B
Total DebtLower is stronger
$2.5M
$1.8B
Stockholders' EquityBook value
$13.3M
$3.2B
Total Assets
$22.5M
$7.0B
Debt / EquityLower = less leverage
0.19×
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTW
ARTW
AXON
AXON
Q4 25
$4.8K
$1.7B
Q3 25
$6.0K
$2.4B
Q2 25
$4.5K
$2.1B
Q1 25
$4.1K
$2.2B
Q4 24
$1.9K
$788.1M
Q3 24
$5.1K
$1.0B
Q2 24
$4.5K
$968.9M
Q1 24
$2.5K
$964.1M
Total Debt
ARTW
ARTW
AXON
AXON
Q4 25
$2.5M
$1.8B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.1M
$680.3M
Q3 24
$2.7M
Q2 24
$2.7M
Q1 24
$2.7M
Stockholders' Equity
ARTW
ARTW
AXON
AXON
Q4 25
$13.3M
$3.2B
Q3 25
$13.9M
$3.0B
Q2 25
$13.6M
$2.7B
Q1 25
$12.1M
$2.6B
Q4 24
$12.1M
$2.3B
Q3 24
$11.3M
$2.1B
Q2 24
$11.2M
$1.9B
Q1 24
$11.2M
$1.8B
Total Assets
ARTW
ARTW
AXON
AXON
Q4 25
$22.5M
$7.0B
Q3 25
$21.8M
$6.7B
Q2 25
$20.9M
$6.2B
Q1 25
$21.0M
$6.1B
Q4 24
$21.2M
$4.5B
Q3 24
$23.5M
$4.0B
Q2 24
$23.2M
$3.7B
Q1 24
$24.3M
$3.6B
Debt / Equity
ARTW
ARTW
AXON
AXON
Q4 25
0.19×
0.56×
Q3 25
0.66×
Q2 25
0.73×
Q1 25
0.79×
Q4 24
0.17×
0.29×
Q3 24
0.24×
Q2 24
0.24×
Q1 24
0.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARTW
ARTW
AXON
AXON
Operating Cash FlowLast quarter
$-889.2K
$217.2M
Free Cash FlowOCF − Capex
$-1.0M
$155.4M
FCF MarginFCF / Revenue
-20.6%
19.5%
Capex IntensityCapex / Revenue
3.0%
7.8%
Cash ConversionOCF / Net Profit
79.14×
TTM Free Cash FlowTrailing 4 quarters
$-1.5M
$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARTW
ARTW
AXON
AXON
Q4 25
$-889.2K
$217.2M
Q3 25
$-1.3M
$60.0M
Q2 25
$1.4M
$-91.7M
Q1 25
$-101.8K
$25.8M
Q4 24
$1.2M
$250.2M
Q3 24
$282.4K
$91.3M
Q2 24
$1.2M
$82.8M
Q1 24
$-99.3K
$-15.9M
Free Cash Flow
ARTW
ARTW
AXON
AXON
Q4 25
$-1.0M
$155.4M
Q3 25
$-1.5M
$33.4M
Q2 25
$1.2M
$-114.7M
Q1 25
$-184.5K
$932.0K
Q4 24
$1.1M
$225.4M
Q3 24
$180.5K
$64.8M
Q2 24
$1.0M
$71.4M
Q1 24
$-380.4K
$-32.1M
FCF Margin
ARTW
ARTW
AXON
AXON
Q4 25
-20.6%
19.5%
Q3 25
-23.8%
4.7%
Q2 25
19.3%
-17.2%
Q1 25
-3.6%
0.2%
Q4 24
17.6%
39.3%
Q3 24
3.1%
11.9%
Q2 24
15.1%
14.2%
Q1 24
-6.6%
-7.0%
Capex Intensity
ARTW
ARTW
AXON
AXON
Q4 25
3.0%
7.8%
Q3 25
4.1%
3.7%
Q2 25
2.1%
3.4%
Q1 25
1.6%
4.1%
Q4 24
1.8%
4.3%
Q3 24
1.7%
4.9%
Q2 24
3.4%
2.2%
Q1 24
4.9%
3.5%
Cash Conversion
ARTW
ARTW
AXON
AXON
Q4 25
79.14×
Q3 25
-4.99×
Q2 25
0.91×
-2.54×
Q1 25
0.29×
Q4 24
1.44×
1.84×
Q3 24
1.36×
Q2 24
2.03×
Q1 24
-0.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARTW
ARTW

Agricultural Products$2.8M55%
Modular Buildings$2.2M44%

AXON
AXON

Software And Sensors Segment$342.5M43%
TASER Devices Professional$264.2M33%
Personal Sensors$109.1M14%
Platform Solutions$80.9M10%

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