Arts Way Manufacturing (ARTW) Research & Development (2010 - 2026)
Arts Way Manufacturing's Research & Development came in at $94,062 for fiscal Q2 2026 (quarter ended May 31, 2026), up 11.8% from $84,115 a year earlier but down 11.7% from the prior quarter.
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Analysis
Arts Way Manufacturing (ARTW) Research & Development (2010 - 2026) Analysis & Trends
Over the trailing twelve months to May 31, 2026, Arts Way Manufacturing reported Research & Development of $375,229, up 12.2% year-over-year; for FY2025 (ended Nov 30, 2025), it was $343,964, down 20.5% from FY2024.
- Research & Development carries a five-year compound annual growth rate of -6.3% (FY2020 to FY2025).
- Going back by fiscal year, Research & Development was $432,587 in FY2024 (-27.7%), $598,065 in FY2023 (+3.0%), $580,537 in FY2022 (+14.9%) and $505,085 in FY2021 (+5.9%).
- The five-year range for quarterly Research & Development is $78,949 (fiscal Q3 2024) to $170,595 (fiscal Q3 2023).
- Year-over-year, Research & Development has increased for four consecutive quarters, with an average decline of 14.9% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in fiscal Q1 2026 (growth of 25.0%), and the weakest in fiscal Q3 2024 (a decline of 53.7%).
- Business Quant data shows ARTW's Research & Development at $106,548 (Q1 2026), $87,280 (Q4 2025) and $87,339 (Q3 2025) in the three fiscal quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | - |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 302.00 Mn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | - |
| 10 | Arts Way Manufacturing | 16.23 Mn | 16.21 Mn | 2.03 Mn | 94,062.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 94,062.00 |
| Feb 28, 2026 | 106,548.00 |
| Nov 30, 2025 | 87,280.00 |
| Aug 31, 2025 | 87,339.00 |
| May 31, 2025 | 84,115.00 |
| Feb 28, 2025 | 85,230.00 |
| Nov 30, 2024 | 86,214.00 |
| Aug 31, 2024 | 78,949.00 |
| May 31, 2024 | 107,072.00 |
| Feb 29, 2024 | 160,353.00 |
| Nov 30, 2023 | 158,678.00 |
| Aug 31, 2023 | 170,595.00 |
| May 31, 2023 | 140,497.00 |
| Feb 28, 2023 | 128,295.00 |
| Nov 30, 2022 | 134,425.00 |
| Aug 31, 2022 | 168,098.00 |
| May 31, 2022 | 143,943.00 |
| Feb 28, 2022 | 134,071.00 |
| Nov 30, 2021 | 117,938.00 |
| Aug 31, 2021 | 143,629.00 |
API Access
Arts Way Manufacturing Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=ARTW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "ARTW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=ARTW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();