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

UTAH MEDICAL PRODUCTS INC is the larger business by last-quarter revenue ($9.0M vs $5.1M, roughly 1.8× ARTS WAY MANUFACTURING CO INC). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs -12.7%, a 41.1% gap on every dollar of revenue. On growth, UTAH MEDICAL PRODUCTS INC posted the faster year-over-year revenue change (-1.2% vs -17.9%). UTAH MEDICAL PRODUCTS INC produced more free cash flow last quarter ($3.4M vs $-1.0M). Over the past eight quarters, ARTS WAY MANUFACTURING CO INC's revenue compounded faster (-5.9% CAGR vs -10.7%).

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.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

ARTW vs UTMD — Head-to-Head

Bigger by revenue
UTMD
UTMD
1.8× larger
UTMD
$9.0M
$5.1M
ARTW
Growing faster (revenue YoY)
UTMD
UTMD
+16.7% gap
UTMD
-1.2%
-17.9%
ARTW
Higher net margin
UTMD
UTMD
41.1% more per $
UTMD
28.4%
-12.7%
ARTW
More free cash flow
UTMD
UTMD
$4.4M more FCF
UTMD
$3.4M
$-1.0M
ARTW
Faster 2-yr revenue CAGR
ARTW
ARTW
Annualised
ARTW
-5.9%
-10.7%
UTMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARTW
ARTW
UTMD
UTMD
Revenue
$5.1M
$9.0M
Net Profit
$-645.5K
$2.6M
Gross Margin
18.6%
58.2%
Operating Margin
-11.2%
27.0%
Net Margin
-12.7%
28.4%
Revenue YoY
-17.9%
-1.2%
Net Profit YoY
-177.6%
-11.6%
EPS (diluted)
$-0.13
$0.80

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
UTMD
UTMD
Q4 25
$5.1M
$9.0M
Q3 25
$6.4M
$9.8M
Q2 25
$6.3M
$10.0M
Q1 25
$5.1M
$9.7M
Q4 24
$6.2M
$9.2M
Q3 24
$5.9M
$10.0M
Q2 24
$6.7M
$10.4M
Q1 24
$5.7M
$11.3M
Net Profit
ARTW
ARTW
UTMD
UTMD
Q4 25
$-645.5K
$2.6M
Q3 25
$254.1K
$2.6M
Q2 25
$1.5M
$3.0M
Q1 25
$-55.8K
$3.0M
Q4 24
$832.0K
$2.9M
Q3 24
$-26.2K
$3.6M
Q2 24
$-33.3K
$3.5M
Q1 24
$-465.0K
$4.0M
Gross Margin
ARTW
ARTW
UTMD
UTMD
Q4 25
18.6%
58.2%
Q3 25
27.5%
57.1%
Q2 25
32.5%
56.2%
Q1 25
29.1%
57.0%
Q4 24
36.1%
58.1%
Q3 24
28.9%
58.0%
Q2 24
28.3%
60.1%
Q1 24
25.7%
59.7%
Operating Margin
ARTW
ARTW
UTMD
UTMD
Q4 25
-11.2%
27.0%
Q3 25
5.4%
26.6%
Q2 25
8.1%
32.1%
Q1 25
0.0%
32.5%
Q4 24
8.4%
32.0%
Q3 24
2.6%
33.4%
Q2 24
2.5%
33.1%
Q1 24
-6.6%
34.2%
Net Margin
ARTW
ARTW
UTMD
UTMD
Q4 25
-12.7%
28.4%
Q3 25
4.0%
26.8%
Q2 25
23.4%
30.6%
Q1 25
-1.1%
31.3%
Q4 24
13.5%
31.7%
Q3 24
-0.4%
35.6%
Q2 24
-0.5%
33.2%
Q1 24
-8.1%
34.9%
EPS (diluted)
ARTW
ARTW
UTMD
UTMD
Q4 25
$-0.13
$0.80
Q3 25
$0.05
$0.82
Q2 25
$0.29
$0.94
Q1 25
$-0.01
$0.92
Q4 24
$0.17
$0.86
Q3 24
$-0.01
$1.03
Q2 24
$-0.01
$0.98
Q1 24
$-0.09
$1.09

Balance Sheet & Financial Strength

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

Metric
ARTW
ARTW
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$4.8K
$85.8M
Total DebtLower is stronger
$2.5M
$225.0K
Stockholders' EquityBook value
$13.3M
$119.3M
Total Assets
$22.5M
$122.5M
Debt / EquityLower = less leverage
0.19×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARTW
ARTW
UTMD
UTMD
Q4 25
$4.8K
$85.8M
Q3 25
$6.0K
$84.3M
Q2 25
$4.5K
$82.2M
Q1 25
$4.1K
$83.3M
Q4 24
$1.9K
$83.0M
Q3 24
$5.1K
$88.5M
Q2 24
$4.5K
$89.2M
Q1 24
$2.5K
$93.8M
Total Debt
ARTW
ARTW
UTMD
UTMD
Q4 25
$2.5M
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$2.1M
$282.0K
Q3 24
$2.7M
Q2 24
$2.7M
Q1 24
$2.7M
Stockholders' Equity
ARTW
ARTW
UTMD
UTMD
Q4 25
$13.3M
$119.3M
Q3 25
$13.9M
$118.3M
Q2 25
$13.6M
$117.5M
Q1 25
$12.1M
$117.0M
Q4 24
$12.1M
$117.4M
Q3 24
$11.3M
$124.2M
Q2 24
$11.2M
$124.1M
Q1 24
$11.2M
$127.7M
Total Assets
ARTW
ARTW
UTMD
UTMD
Q4 25
$22.5M
$122.5M
Q3 25
$21.8M
$122.0M
Q2 25
$20.9M
$120.8M
Q1 25
$21.0M
$122.5M
Q4 24
$21.2M
$122.5M
Q3 24
$23.5M
$129.7M
Q2 24
$23.2M
$130.0M
Q1 24
$24.3M
$135.4M
Debt / Equity
ARTW
ARTW
UTMD
UTMD
Q4 25
0.19×
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.17×
0.00×
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
UTMD
UTMD
Operating Cash FlowLast quarter
$-889.2K
$3.5M
Free Cash FlowOCF − Capex
$-1.0M
$3.4M
FCF MarginFCF / Revenue
-20.6%
37.2%
Capex IntensityCapex / Revenue
3.0%
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-1.5M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARTW
ARTW
UTMD
UTMD
Q4 25
$-889.2K
$3.5M
Q3 25
$-1.3M
$3.9M
Q2 25
$1.4M
$2.9M
Q1 25
$-101.8K
$4.5M
Q4 24
$1.2M
$2.9M
Q3 24
$282.4K
$3.9M
Q2 24
$1.2M
$2.8M
Q1 24
$-99.3K
$5.3M
Free Cash Flow
ARTW
ARTW
UTMD
UTMD
Q4 25
$-1.0M
$3.4M
Q3 25
$-1.5M
$3.9M
Q2 25
$1.2M
$2.8M
Q1 25
$-184.5K
$4.3M
Q4 24
$1.1M
$2.9M
Q3 24
$180.5K
$3.8M
Q2 24
$1.0M
$2.7M
Q1 24
$-380.4K
$5.3M
FCF Margin
ARTW
ARTW
UTMD
UTMD
Q4 25
-20.6%
37.2%
Q3 25
-23.8%
39.2%
Q2 25
19.3%
28.4%
Q1 25
-3.6%
44.1%
Q4 24
17.6%
32.0%
Q3 24
3.1%
37.7%
Q2 24
15.1%
25.5%
Q1 24
-6.6%
46.3%
Capex Intensity
ARTW
ARTW
UTMD
UTMD
Q4 25
3.0%
1.2%
Q3 25
4.1%
0.3%
Q2 25
2.1%
0.5%
Q1 25
1.6%
1.9%
Q4 24
1.8%
0.1%
Q3 24
1.7%
0.9%
Q2 24
3.4%
1.1%
Q1 24
4.9%
0.2%
Cash Conversion
ARTW
ARTW
UTMD
UTMD
Q4 25
1.36×
Q3 25
-4.99×
1.47×
Q2 25
0.91×
0.94×
Q1 25
1.47×
Q4 24
1.44×
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

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%

UTMD
UTMD

Segment breakdown not available.

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