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Side-by-side financial comparison of ARTS WAY MANUFACTURING CO INC (ARTW) and BIT ORIGIN Ltd (BTOG). Click either name above to swap in a different company.

ARTS WAY MANUFACTURING CO INC is the larger business by last-quarter revenue ($5.1M vs $2.9M, roughly 1.8× BIT ORIGIN Ltd). ARTS WAY MANUFACTURING CO INC runs the higher net margin — -12.7% vs -244.4%, a 231.6% gap on every dollar of revenue.

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.

Origin Systems, Inc. was an American video game developer based in Austin, Texas. It was founded on March 3, 1983, by Richard Garriott and his brother Robert. Origin is best known for their groundbreaking work in multiple genres of video games, such as the Ultima and Wing Commander series. The company was purchased by Electronic Arts in 1992.

ARTW vs BTOG — Head-to-Head

Bigger by revenue
ARTW
ARTW
1.8× larger
ARTW
$5.1M
$2.9M
BTOG
Higher net margin
ARTW
ARTW
231.6% more per $
ARTW
-12.7%
-244.4%
BTOG

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
ARTW
ARTW
BTOG
BTOG
Revenue
$5.1M
$2.9M
Net Profit
$-645.5K
$-7.1M
Gross Margin
18.6%
Operating Margin
-11.2%
-233.8%
Net Margin
-12.7%
-244.4%
Revenue YoY
-17.9%
Net Profit YoY
-177.6%
EPS (diluted)
$-0.13
$-1.99

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
BTOG
BTOG
Q4 25
$5.1M
Q3 25
$6.4M
Q2 25
$6.3M
Q1 25
$5.1M
Q4 24
$6.2M
Q3 24
$5.9M
Q2 24
$6.7M
Q1 24
$5.7M
Net Profit
ARTW
ARTW
BTOG
BTOG
Q4 25
$-645.5K
Q3 25
$254.1K
Q2 25
$1.5M
Q1 25
$-55.8K
Q4 24
$832.0K
Q3 24
$-26.2K
Q2 24
$-33.3K
Q1 24
$-465.0K
Gross Margin
ARTW
ARTW
BTOG
BTOG
Q4 25
18.6%
Q3 25
27.5%
Q2 25
32.5%
Q1 25
29.1%
Q4 24
36.1%
Q3 24
28.9%
Q2 24
28.3%
Q1 24
25.7%
Operating Margin
ARTW
ARTW
BTOG
BTOG
Q4 25
-11.2%
Q3 25
5.4%
Q2 25
8.1%
Q1 25
0.0%
Q4 24
8.4%
Q3 24
2.6%
Q2 24
2.5%
Q1 24
-6.6%
Net Margin
ARTW
ARTW
BTOG
BTOG
Q4 25
-12.7%
Q3 25
4.0%
Q2 25
23.4%
Q1 25
-1.1%
Q4 24
13.5%
Q3 24
-0.4%
Q2 24
-0.5%
Q1 24
-8.1%
EPS (diluted)
ARTW
ARTW
BTOG
BTOG
Q4 25
$-0.13
Q3 25
$0.05
Q2 25
$0.29
Q1 25
$-0.01
Q4 24
$0.17
Q3 24
$-0.01
Q2 24
$-0.01
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
ARTW
ARTW
BTOG
BTOG
Cash + ST InvestmentsLiquidity on hand
$4.8K
$6.9M
Total DebtLower is stronger
$2.5M
Stockholders' EquityBook value
$13.3M
$9.0M
Total Assets
$22.5M
$13.5M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTW
ARTW
BTOG
BTOG
Q4 25
$4.8K
Q3 25
$6.0K
Q2 25
$4.5K
Q1 25
$4.1K
Q4 24
$1.9K
Q3 24
$5.1K
Q2 24
$4.5K
Q1 24
$2.5K
Total Debt
ARTW
ARTW
BTOG
BTOG
Q4 25
$2.5M
Q3 25
Q2 25
Q1 25
Q4 24
$2.1M
Q3 24
$2.7M
Q2 24
$2.7M
Q1 24
$2.7M
Stockholders' Equity
ARTW
ARTW
BTOG
BTOG
Q4 25
$13.3M
Q3 25
$13.9M
Q2 25
$13.6M
Q1 25
$12.1M
Q4 24
$12.1M
Q3 24
$11.3M
Q2 24
$11.2M
Q1 24
$11.2M
Total Assets
ARTW
ARTW
BTOG
BTOG
Q4 25
$22.5M
Q3 25
$21.8M
Q2 25
$20.9M
Q1 25
$21.0M
Q4 24
$21.2M
Q3 24
$23.5M
Q2 24
$23.2M
Q1 24
$24.3M
Debt / Equity
ARTW
ARTW
BTOG
BTOG
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
0.17×
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
BTOG
BTOG
Operating Cash FlowLast quarter
$-889.2K
$-4.6M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-20.6%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARTW
ARTW
BTOG
BTOG
Q4 25
$-889.2K
Q3 25
$-1.3M
Q2 25
$1.4M
Q1 25
$-101.8K
Q4 24
$1.2M
Q3 24
$282.4K
Q2 24
$1.2M
Q1 24
$-99.3K
Free Cash Flow
ARTW
ARTW
BTOG
BTOG
Q4 25
$-1.0M
Q3 25
$-1.5M
Q2 25
$1.2M
Q1 25
$-184.5K
Q4 24
$1.1M
Q3 24
$180.5K
Q2 24
$1.0M
Q1 24
$-380.4K
FCF Margin
ARTW
ARTW
BTOG
BTOG
Q4 25
-20.6%
Q3 25
-23.8%
Q2 25
19.3%
Q1 25
-3.6%
Q4 24
17.6%
Q3 24
3.1%
Q2 24
15.1%
Q1 24
-6.6%
Capex Intensity
ARTW
ARTW
BTOG
BTOG
Q4 25
3.0%
Q3 25
4.1%
Q2 25
2.1%
Q1 25
1.6%
Q4 24
1.8%
Q3 24
1.7%
Q2 24
3.4%
Q1 24
4.9%
Cash Conversion
ARTW
ARTW
BTOG
BTOG
Q4 25
Q3 25
-4.99×
Q2 25
0.91×
Q1 25
Q4 24
1.44×
Q3 24
Q2 24
Q1 24

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%

BTOG
BTOG

Segment breakdown not available.

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