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Side-by-side financial comparison of ARTS WAY MANUFACTURING CO INC (ARTW) and IF Bancorp, Inc. (IROQ). Click either name above to swap in a different company.

IF Bancorp, Inc. is the larger business by last-quarter revenue ($7.3M vs $5.1M, roughly 1.4× ARTS WAY MANUFACTURING CO INC). IF Bancorp, Inc. runs the higher net margin — 18.1% vs -12.7%, a 30.9% gap on every dollar of revenue. On growth, IF Bancorp, Inc. posted the faster year-over-year revenue change (16.8% vs -17.9%). IF Bancorp, Inc. produced more free cash flow last quarter ($1.7M vs $-1.0M). Over the past eight quarters, IF Bancorp, Inc.'s revenue compounded faster (16.5% 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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

ARTW vs IROQ — Head-to-Head

Bigger by revenue
IROQ
IROQ
1.4× larger
IROQ
$7.3M
$5.1M
ARTW
Growing faster (revenue YoY)
IROQ
IROQ
+34.7% gap
IROQ
16.8%
-17.9%
ARTW
Higher net margin
IROQ
IROQ
30.9% more per $
IROQ
18.1%
-12.7%
ARTW
More free cash flow
IROQ
IROQ
$2.8M more FCF
IROQ
$1.7M
$-1.0M
ARTW
Faster 2-yr revenue CAGR
IROQ
IROQ
Annualised
IROQ
16.5%
-5.9%
ARTW

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ARTW
ARTW
IROQ
IROQ
Revenue
$5.1M
$7.3M
Net Profit
$-645.5K
$1.3M
Gross Margin
18.6%
Operating Margin
-11.2%
24.9%
Net Margin
-12.7%
18.1%
Revenue YoY
-17.9%
16.8%
Net Profit YoY
-177.6%
8.9%
EPS (diluted)
$-0.13
$0.41

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
IROQ
IROQ
Q4 25
$5.1M
$7.3M
Q3 25
$6.4M
$7.3M
Q2 25
$6.3M
$6.9M
Q1 25
$5.1M
$6.4M
Q4 24
$6.2M
$6.3M
Q3 24
$5.9M
$6.2M
Q2 24
$6.7M
$5.7M
Q1 24
$5.7M
$5.4M
Net Profit
ARTW
ARTW
IROQ
IROQ
Q4 25
$-645.5K
$1.3M
Q3 25
$254.1K
$1.4M
Q2 25
$1.5M
$1.4M
Q1 25
$-55.8K
$1.0M
Q4 24
$832.0K
$1.2M
Q3 24
$-26.2K
$633.0K
Q2 24
$-33.3K
$431.0K
Q1 24
$-465.0K
$708.0K
Gross Margin
ARTW
ARTW
IROQ
IROQ
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
IROQ
IROQ
Q4 25
-11.2%
24.9%
Q3 25
5.4%
26.0%
Q2 25
8.1%
29.1%
Q1 25
0.0%
21.7%
Q4 24
8.4%
26.8%
Q3 24
2.6%
13.7%
Q2 24
2.5%
9.3%
Q1 24
-6.6%
17.6%
Net Margin
ARTW
ARTW
IROQ
IROQ
Q4 25
-12.7%
18.1%
Q3 25
4.0%
19.0%
Q2 25
23.4%
21.0%
Q1 25
-1.1%
15.8%
Q4 24
13.5%
19.4%
Q3 24
-0.4%
10.2%
Q2 24
-0.5%
7.6%
Q1 24
-8.1%
13.1%
EPS (diluted)
ARTW
ARTW
IROQ
IROQ
Q4 25
$-0.13
$0.41
Q3 25
$0.05
$0.43
Q2 25
$0.29
$0.48
Q1 25
$-0.01
$0.31
Q4 24
$0.17
$0.38
Q3 24
$-0.01
$0.20
Q2 24
$-0.01
$0.15
Q1 24
$-0.09
$0.22

Balance Sheet & Financial Strength

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

Metric
ARTW
ARTW
IROQ
IROQ
Cash + ST InvestmentsLiquidity on hand
$4.8K
$8.8M
Total DebtLower is stronger
$2.5M
Stockholders' EquityBook value
$13.3M
$87.4M
Total Assets
$22.5M
$830.4M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTW
ARTW
IROQ
IROQ
Q4 25
$4.8K
$8.8M
Q3 25
$6.0K
$8.0M
Q2 25
$4.5K
$20.1M
Q1 25
$4.1K
$8.9M
Q4 24
$1.9K
$5.9M
Q3 24
$5.1K
$7.8M
Q2 24
$4.5K
$9.6M
Q1 24
$2.5K
$16.1M
Total Debt
ARTW
ARTW
IROQ
IROQ
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
IROQ
IROQ
Q4 25
$13.3M
$87.4M
Q3 25
$13.9M
$84.5M
Q2 25
$13.6M
$81.8M
Q1 25
$12.1M
$78.9M
Q4 24
$12.1M
$75.9M
Q3 24
$11.3M
$78.8M
Q2 24
$11.2M
$73.9M
Q1 24
$11.2M
$72.4M
Total Assets
ARTW
ARTW
IROQ
IROQ
Q4 25
$22.5M
$830.4M
Q3 25
$21.8M
$862.3M
Q2 25
$20.9M
$887.7M
Q1 25
$21.0M
$879.1M
Q4 24
$21.2M
$885.1M
Q3 24
$23.5M
$893.4M
Q2 24
$23.2M
$887.7M
Q1 24
$24.3M
$905.0M
Debt / Equity
ARTW
ARTW
IROQ
IROQ
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
IROQ
IROQ
Operating Cash FlowLast quarter
$-889.2K
$1.8M
Free Cash FlowOCF − Capex
$-1.0M
$1.7M
FCF MarginFCF / Revenue
-20.6%
23.7%
Capex IntensityCapex / Revenue
3.0%
0.9%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-1.5M
$9.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARTW
ARTW
IROQ
IROQ
Q4 25
$-889.2K
$1.8M
Q3 25
$-1.3M
$-539.0K
Q2 25
$1.4M
$6.8M
Q1 25
$-101.8K
$1.8M
Q4 24
$1.2M
$-155.0K
Q3 24
$282.4K
$2.2M
Q2 24
$1.2M
$2.3M
Q1 24
$-99.3K
$19.0K
Free Cash Flow
ARTW
ARTW
IROQ
IROQ
Q4 25
$-1.0M
$1.7M
Q3 25
$-1.5M
$-582.0K
Q2 25
$1.2M
$6.5M
Q1 25
$-184.5K
$1.8M
Q4 24
$1.1M
$-226.0K
Q3 24
$180.5K
$2.1M
Q2 24
$1.0M
$2.0M
Q1 24
$-380.4K
$-67.0K
FCF Margin
ARTW
ARTW
IROQ
IROQ
Q4 25
-20.6%
23.7%
Q3 25
-23.8%
-7.9%
Q2 25
19.3%
95.1%
Q1 25
-3.6%
28.2%
Q4 24
17.6%
-3.6%
Q3 24
3.1%
33.6%
Q2 24
15.1%
35.7%
Q1 24
-6.6%
-1.2%
Capex Intensity
ARTW
ARTW
IROQ
IROQ
Q4 25
3.0%
0.9%
Q3 25
4.1%
0.6%
Q2 25
2.1%
3.5%
Q1 25
1.6%
0.4%
Q4 24
1.8%
1.1%
Q3 24
1.7%
1.2%
Q2 24
3.4%
4.3%
Q1 24
4.9%
1.6%
Cash Conversion
ARTW
ARTW
IROQ
IROQ
Q4 25
1.36×
Q3 25
-4.99×
-0.39×
Q2 25
0.91×
4.69×
Q1 25
1.81×
Q4 24
1.44×
-0.13×
Q3 24
3.42×
Q2 24
5.30×
Q1 24
0.03×

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%

IROQ
IROQ

Segment breakdown not available.

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