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Arts Way Manufacturing vs Lindsay: revenue, profit, margins and growth compared

Arts Way Manufacturing brought in $23M of revenue in fiscal 2025, Lindsay $676.4M in fiscal 2024. Revenue changed by -6.2% at Arts Way Manufacturing and +11.4% at Lindsay on the year before, so Lindsay grew faster. Arts Way Manufacturing kept 4.5% of its revenue as net profit, Lindsay 10.9%. Free cash flow was -$1.5M at Arts Way Manufacturing and $90.4M at Lindsay.

Side by side, latest fiscal year

ARTWLNN
Fiscal year endedFY2025 (November 30, 2025)FY2024 (August 31, 2025)
Revenue$23M$676.4M
Revenue growth-6.2%+11.4%
Net income$1M$74.1M
Net margin4.5%10.9%
Free cash flow-$1.5M$90.4M
Free cash flow margin-6.7%13.4%
Earnings per share (diluted)$0.20$6.78
Cash$4.8K$250.6M
Debt$2.5M$115.3M
Price to earnings16.416.9
Market value$17M$1.2B
Dividend yieldn/a1.27%
Rank by revenue in sector#448 of 518 · Industrials#293 of 518 · Industrials

Over the years

Revenue
ARTW FY2018: $19.7MARTW FY2019: $22.9MARTW FY2020: $22.4MARTW FY2021: $25MARTW FY2022: $28.4MARTW FY2023: $30.3MARTW FY2024: $24.5MARTW FY2025: $23MLNN FY2018: $547.7MLNN FY2019: $444.1MLNN FY2020: $474.7MLNN FY2021: $567.6MLNN FY2022: $770.7MLNN FY2023: $674.1MLNN FY2024: $607.1MLNN FY2024: $676.4MFY18FY19FY20FY21FY22FY23FY24FY25
ARTW $23MLNN $676.4M
Net income
ARTW FY2018: -$3.4MARTW FY2019: -$1.4MARTW FY2020: -$2.1MARTW FY2021: $212.6KARTW FY2022: $97.8KARTW FY2023: $267KARTW FY2024: $307.4KARTW FY2025: $1MLNN FY2018: $20.3MLNN FY2019: $2.2MLNN FY2020: $38.6MLNN FY2021: $42.6MLNN FY2022: $65.5MLNN FY2023: $72.4MLNN FY2024: $66.3MLNN FY2024: $74.1MFY18FY19FY20FY21FY22FY23FY24FY25
ARTW $1MLNN $74.1M
Net margin
ARTW FY2018: -17.2%ARTW FY2019: -6.2%ARTW FY2020: -9.4%ARTW FY2021: 0.9%ARTW FY2022: 0.3%ARTW FY2023: 0.9%ARTW FY2024: 1.3%ARTW FY2025: 4.5%LNN FY2018: 3.7%LNN FY2019: 0.5%LNN FY2020: 8.1%LNN FY2021: 7.5%LNN FY2022: 8.5%LNN FY2023: 10.7%LNN FY2024: 10.9%LNN FY2024: 10.9%FY18FY19FY20FY21FY22FY23FY24FY25
ARTW 4.5%LNN 10.9%
Revenue growth
ARTW FY2019: +16.0%ARTW FY2020: -2.1%ARTW FY2021: +11.4%ARTW FY2022: +13.8%ARTW FY2023: +6.6%ARTW FY2024: -19.1%ARTW FY2025: -6.2%LNN FY2019: -18.9%LNN FY2020: +6.9%LNN FY2021: +19.6%LNN FY2022: +35.8%LNN FY2023: -12.5%LNN FY2024: -9.9%LNN FY2024: +11.4%FY19FY20FY21FY22FY23FY24FY25
ARTW -6.2%LNN +11.4%
Free cash flow
ARTW FY2018: -$1.6MARTW FY2019: $360.7KARTW FY2020: -$1.5MARTW FY2021: -$1.6MARTW FY2022: -$717.8KARTW FY2023: -$897KARTW FY2024: $1.9MARTW FY2025: -$1.5MLNN FY2018: $22.9MLNN FY2019: -$19.4MLNN FY2020: $24.6MLNN FY2021: $17.5MLNN FY2022: -$12.5MLNN FY2023: $100.9MLNN FY2024: $66.8MLNN FY2024: $90.4MFY18FY19FY20FY21FY22FY23FY24FY25
ARTW -$1.5MLNN $90.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Arts Way Manufacturing and Lindsay

Which is bigger by revenue, Arts Way Manufacturing or Lindsay?

Lindsay is bigger by revenue: $676.4M in fiscal 2024, against $23M for Arts Way Manufacturing in fiscal 2025.

Which keeps more of its revenue as profit, Arts Way Manufacturing or Lindsay?

Arts Way Manufacturing had a net margin of 4.5% in fiscal 2025; Lindsay had 10.9% in fiscal 2024.

Which grew revenue faster, Arts Way Manufacturing or Lindsay?

In their latest fiscal years revenue changed by -6.2% at Arts Way Manufacturing and +11.4% at Lindsay.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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