stockrowAscent Industries Co.
ACNT Basic Materials Specialty Chemicals
Ascent Industries Co.’s revenue for fiscal 2025 (year ended December 2025) was $74.9 million, down 7.21% from fiscal 2024.
- Revenue
- +37.8%
- EPS
- +170.7%
- Free cash flow
- −97.5%
- Total debt
- −30.2%
Quarter to September 2026, against a year earlier
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Ascent Industries Co. (ACNT) Altman Z-score
Ascent Industries Co.'s Altman Z-score for fiscal 2025 is 5.55, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.55 | 3.06 |
| FY2024 | 2.49 | 0.05 |
| FY2023 | 2.44 | (0.16) |
| FY2022 | 2.60 | (0.42) |
| FY2021 | 3.02 | 1.10 |
| FY2020 | 1.92 | (0.58) |
| FY2019 | 2.51 | (0.83) |
| FY2018 | 3.34 | (0.03) |
| FY2017 | 3.37 | 0.28 |
| FY2016 | 3.09 | 0.45 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.63 | — | 0.76 | |
| Retained earnings / total assets | 0.41 | — | 0.57 | |
| EBIT / total assets | (0.06) | — | −0.21 | |
| Market value of equity / total liabilities | 6.26 | — | 3.76 | |
| Sales / total assets | 0.67 | — | 0.67 | |
| Altman Z-score | Safe zone | 5.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.71 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CITR CitroTech Inc. compare | 6.3× |
| ACNT Ascent Industries Co. | 5.5× |
| HDSN Hudson Technologies, Inc. compare | 4.6× |
| CMT Core Molding Technologies Inc compare | 4.1× |
| NTIC Northern Technologies International Corporation compare | 3.5× |
| FF FutureFuel Corp. compare | 2.0× |
| ALTO Alto Ingredients, Inc. compare | 0.7× |
| AMTX Aemetis, Inc compare | −4.7× |
| FEAM 5E Advanced Materials, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets