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Side-by-side financial comparison of ARTS WAY MANUFACTURING CO INC (ARTW) and NeoVolta Inc. (NEOV). 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 $4.6M, roughly 1.1× NeoVolta Inc.). ARTS WAY MANUFACTURING CO INC runs the higher net margin — -12.7% vs -119.2%, a 106.5% gap on every dollar of revenue. On growth, NeoVolta Inc. posted the faster year-over-year revenue change (333.5% vs -17.9%). Over the past eight quarters, NeoVolta Inc.'s revenue compounded faster (304.5% 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.

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

ARTW vs NEOV — Head-to-Head

Bigger by revenue
ARTW
ARTW
1.1× larger
ARTW
$5.1M
$4.6M
NEOV
Growing faster (revenue YoY)
NEOV
NEOV
+351.4% gap
NEOV
333.5%
-17.9%
ARTW
Higher net margin
ARTW
ARTW
106.5% more per $
ARTW
-12.7%
-119.2%
NEOV
Faster 2-yr revenue CAGR
NEOV
NEOV
Annualised
NEOV
304.5%
-5.9%
ARTW

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ARTW
ARTW
NEOV
NEOV
Revenue
$5.1M
$4.6M
Net Profit
$-645.5K
$-5.5M
Gross Margin
18.6%
16.6%
Operating Margin
-11.2%
-96.4%
Net Margin
-12.7%
-119.2%
Revenue YoY
-17.9%
333.5%
Net Profit YoY
-177.6%
-470.3%
EPS (diluted)
$-0.13
$-0.16

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
NEOV
NEOV
Q4 25
$5.1M
$4.6M
Q3 25
$6.4M
$6.7M
Q2 25
$6.3M
$4.8M
Q1 25
$5.1M
$2.0M
Q4 24
$6.2M
$1.1M
Q3 24
$5.9M
$590.2K
Q2 24
$6.7M
$579.2K
Q1 24
$5.7M
$283.9K
Net Profit
ARTW
ARTW
NEOV
NEOV
Q4 25
$-645.5K
$-5.5M
Q3 25
$254.1K
$-1.2M
Q2 25
$1.5M
$-1.6M
Q1 25
$-55.8K
$-1.4M
Q4 24
$832.0K
$-971.1K
Q3 24
$-26.2K
$-964.5K
Q2 24
$-33.3K
Q1 24
$-465.0K
$-589.5K
Gross Margin
ARTW
ARTW
NEOV
NEOV
Q4 25
18.6%
16.6%
Q3 25
27.5%
23.7%
Q2 25
32.5%
12.1%
Q1 25
29.1%
25.5%
Q4 24
36.1%
30.2%
Q3 24
28.9%
15.7%
Q2 24
28.3%
3.0%
Q1 24
25.7%
58.5%
Operating Margin
ARTW
ARTW
NEOV
NEOV
Q4 25
-11.2%
-96.4%
Q3 25
5.4%
-12.8%
Q2 25
8.1%
-30.2%
Q1 25
0.0%
-68.1%
Q4 24
8.4%
-88.4%
Q3 24
2.6%
-163.6%
Q2 24
2.5%
Q1 24
-6.6%
-211.5%
Net Margin
ARTW
ARTW
NEOV
NEOV
Q4 25
-12.7%
-119.2%
Q3 25
4.0%
-18.7%
Q2 25
23.4%
-34.7%
Q1 25
-1.1%
-72.0%
Q4 24
13.5%
-90.6%
Q3 24
-0.4%
-163.4%
Q2 24
-0.5%
Q1 24
-8.1%
-207.6%
EPS (diluted)
ARTW
ARTW
NEOV
NEOV
Q4 25
$-0.13
$-0.16
Q3 25
$0.05
$-0.04
Q2 25
$0.29
$-0.05
Q1 25
$-0.01
$-0.04
Q4 24
$0.17
$-0.03
Q3 24
$-0.01
$-0.03
Q2 24
$-0.01
Q1 24
$-0.09
$-0.02

Balance Sheet & Financial Strength

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

Metric
ARTW
ARTW
NEOV
NEOV
Cash + ST InvestmentsLiquidity on hand
$4.8K
$242.4K
Total DebtLower is stronger
$2.5M
Stockholders' EquityBook value
$13.3M
$5.0M
Total Assets
$22.5M
$10.1M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTW
ARTW
NEOV
NEOV
Q4 25
$4.8K
$242.4K
Q3 25
$6.0K
$889.8K
Q2 25
$4.5K
$794.8K
Q1 25
$4.1K
$536.0K
Q4 24
$1.9K
$328.7K
Q3 24
$5.1K
$393.4K
Q2 24
$4.5K
$986.4K
Q1 24
$2.5K
$1.0M
Total Debt
ARTW
ARTW
NEOV
NEOV
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
NEOV
NEOV
Q4 25
$13.3M
$5.0M
Q3 25
$13.9M
$2.1M
Q2 25
$13.6M
$2.9M
Q1 25
$12.1M
$3.8M
Q4 24
$12.1M
$3.3M
Q3 24
$11.3M
$3.9M
Q2 24
$11.2M
$4.6M
Q1 24
$11.2M
$5.1M
Total Assets
ARTW
ARTW
NEOV
NEOV
Q4 25
$22.5M
$10.1M
Q3 25
$21.8M
$8.4M
Q2 25
$20.9M
$6.8M
Q1 25
$21.0M
$5.7M
Q4 24
$21.2M
$4.0M
Q3 24
$23.5M
$4.2M
Q2 24
$23.2M
$4.7M
Q1 24
$24.3M
$5.2M
Debt / Equity
ARTW
ARTW
NEOV
NEOV
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
NEOV
NEOV
Operating Cash FlowLast quarter
$-889.2K
$-2.1M
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
NEOV
NEOV
Q4 25
$-889.2K
$-2.1M
Q3 25
$-1.3M
$-2.5M
Q2 25
$1.4M
$-924.2K
Q1 25
$-101.8K
$-2.1M
Q4 24
$1.2M
$-858.3K
Q3 24
$282.4K
$-593.0K
Q2 24
$1.2M
$-1.0M
Q1 24
$-99.3K
$-485.3K
Free Cash Flow
ARTW
ARTW
NEOV
NEOV
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
NEOV
NEOV
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
NEOV
NEOV
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
NEOV
NEOV
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%

NEOV
NEOV

Segment breakdown not available.

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