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

CADIZ INC is the larger business by last-quarter revenue ($5.1M vs $5.1M, roughly 1.0× ARTS WAY MANUFACTURING CO INC). On growth, CADIZ INC posted the faster year-over-year revenue change (7.0% vs -17.9%). ARTS WAY MANUFACTURING CO INC produced more free cash flow last quarter ($-1.0M vs $-8.2M). Over the past eight quarters, CADIZ INC's revenue compounded faster (113.0% 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.

Cadiz Inc is a U.S.-based natural resources and sustainable development company focused on managing water resources, agricultural land, and renewable energy projects. It operates primarily in California, serving municipal, agricultural, and commercial clients with reliable water supply solutions and land stewardship services.

ARTW vs CDZI — Head-to-Head

Bigger by revenue
CDZI
CDZI
1.0× larger
CDZI
$5.1M
$5.1M
ARTW
Growing faster (revenue YoY)
CDZI
CDZI
+24.9% gap
CDZI
7.0%
-17.9%
ARTW
More free cash flow
ARTW
ARTW
$7.2M more FCF
ARTW
$-1.0M
$-8.2M
CDZI
Faster 2-yr revenue CAGR
CDZI
CDZI
Annualised
CDZI
113.0%
-5.9%
ARTW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARTW
ARTW
CDZI
CDZI
Revenue
$5.1M
$5.1M
Net Profit
$-645.5K
Gross Margin
18.6%
33.0%
Operating Margin
-11.2%
-145.4%
Net Margin
-12.7%
Revenue YoY
-17.9%
7.0%
Net Profit YoY
-177.6%
EPS (diluted)
$-0.13

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
CDZI
CDZI
Q4 25
$5.1M
$5.1M
Q3 25
$6.4M
$4.1M
Q2 25
$6.3M
$4.1M
Q1 25
$5.1M
$3.0M
Q4 24
$6.2M
$4.8M
Q3 24
$5.9M
$3.2M
Q2 24
$6.7M
$513.0K
Q1 24
$5.7M
$1.1M
Net Profit
ARTW
ARTW
CDZI
CDZI
Q4 25
$-645.5K
Q3 25
$254.1K
$-7.1M
Q2 25
$1.5M
$-7.7M
Q1 25
$-55.8K
$-9.6M
Q4 24
$832.0K
Q3 24
$-26.2K
$-6.8M
Q2 24
$-33.3K
$-8.9M
Q1 24
$-465.0K
$-6.8M
Gross Margin
ARTW
ARTW
CDZI
CDZI
Q4 25
18.6%
33.0%
Q3 25
27.5%
27.3%
Q2 25
32.5%
35.4%
Q1 25
29.1%
29.7%
Q4 24
36.1%
36.1%
Q3 24
28.9%
25.3%
Q2 24
28.3%
Q1 24
25.7%
10.4%
Operating Margin
ARTW
ARTW
CDZI
CDZI
Q4 25
-11.2%
-145.4%
Q3 25
5.4%
-118.0%
Q2 25
8.1%
-140.0%
Q1 25
0.0%
-255.0%
Q4 24
8.4%
-139.5%
Q3 24
2.6%
-147.9%
Q2 24
2.5%
-1354.6%
Q1 24
-6.6%
-437.8%
Net Margin
ARTW
ARTW
CDZI
CDZI
Q4 25
-12.7%
Q3 25
4.0%
-170.5%
Q2 25
23.4%
-187.3%
Q1 25
-1.1%
-324.7%
Q4 24
13.5%
Q3 24
-0.4%
-210.7%
Q2 24
-0.5%
-1729.4%
Q1 24
-8.1%
-611.1%
EPS (diluted)
ARTW
ARTW
CDZI
CDZI
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
CDZI
CDZI
Cash + ST InvestmentsLiquidity on hand
$4.8K
$8.6M
Total DebtLower is stronger
$2.5M
$72.7M
Stockholders' EquityBook value
$13.3M
$23.3M
Total Assets
$22.5M
$140.9M
Debt / EquityLower = less leverage
0.19×
3.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTW
ARTW
CDZI
CDZI
Q4 25
$4.8K
$8.6M
Q3 25
$6.0K
$4.4M
Q2 25
$4.5K
$13.2M
Q1 25
$4.1K
$21.6M
Q4 24
$1.9K
$17.3M
Q3 24
$5.1K
$3.3M
Q2 24
$4.5K
$10.1M
Q1 24
$2.5K
$19.2M
Total Debt
ARTW
ARTW
CDZI
CDZI
Q4 25
$2.5M
$72.7M
Q3 25
Q2 25
Q1 25
Q4 24
$2.1M
$56.7M
Q3 24
$2.7M
Q2 24
$2.7M
Q1 24
$2.7M
Stockholders' Equity
ARTW
ARTW
CDZI
CDZI
Q4 25
$13.3M
$23.3M
Q3 25
$13.9M
$27.7M
Q2 25
$13.6M
$35.6M
Q1 25
$12.1M
$44.0M
Q4 24
$12.1M
$34.0M
Q3 24
$11.3M
$20.7M
Q2 24
$11.2M
$27.6M
Q1 24
$11.2M
$36.6M
Total Assets
ARTW
ARTW
CDZI
CDZI
Q4 25
$22.5M
$140.9M
Q3 25
$21.8M
$128.0M
Q2 25
$20.9M
$136.4M
Q1 25
$21.0M
$145.6M
Q4 24
$21.2M
$134.5M
Q3 24
$23.5M
$112.6M
Q2 24
$23.2M
$118.1M
Q1 24
$24.3M
$118.1M
Debt / Equity
ARTW
ARTW
CDZI
CDZI
Q4 25
0.19×
3.13×
Q3 25
Q2 25
Q1 25
Q4 24
0.17×
1.67×
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
CDZI
CDZI
Operating Cash FlowLast quarter
$-889.2K
$-6.9M
Free Cash FlowOCF − Capex
$-1.0M
$-8.2M
FCF MarginFCF / Revenue
-20.6%
-162.2%
Capex IntensityCapex / Revenue
3.0%
26.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.5M
$-26.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARTW
ARTW
CDZI
CDZI
Q4 25
$-889.2K
$-6.9M
Q3 25
$-1.3M
$-7.0M
Q2 25
$1.4M
$-1.4M
Q1 25
$-101.8K
$-3.6M
Q4 24
$1.2M
$-6.2M
Q3 24
$282.4K
$-5.4M
Q2 24
$1.2M
$-7.1M
Q1 24
$-99.3K
$-2.9M
Free Cash Flow
ARTW
ARTW
CDZI
CDZI
Q4 25
$-1.0M
$-8.2M
Q3 25
$-1.5M
$-7.5M
Q2 25
$1.2M
$-5.9M
Q1 25
$-184.5K
$-4.9M
Q4 24
$1.1M
$-6.6M
Q3 24
$180.5K
$-5.4M
Q2 24
$1.0M
$-7.3M
Q1 24
$-380.4K
$-3.1M
FCF Margin
ARTW
ARTW
CDZI
CDZI
Q4 25
-20.6%
-162.2%
Q3 25
-23.8%
-179.8%
Q2 25
19.3%
-142.2%
Q1 25
-3.6%
-167.0%
Q4 24
17.6%
-139.4%
Q3 24
3.1%
-168.8%
Q2 24
15.1%
-1431.6%
Q1 24
-6.6%
-272.9%
Capex Intensity
ARTW
ARTW
CDZI
CDZI
Q4 25
3.0%
26.1%
Q3 25
4.1%
10.8%
Q2 25
2.1%
109.3%
Q1 25
1.6%
43.6%
Q4 24
1.8%
8.7%
Q3 24
1.7%
1.7%
Q2 24
3.4%
54.8%
Q1 24
4.9%
16.6%
Cash Conversion
ARTW
ARTW
CDZI
CDZI
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%

CDZI
CDZI

Water Treatment$4.4M86%
Other$724.0K14%

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