Alamo Group, Inc.
ALG Industrials Farm & Heavy Construction Machinery
Alamo Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, down 1.52% from fiscal 2024. In the quarter to June 2026, revenue grew 7.55%, EPS was flat, free cash flow grew 147.7% and total debt rose 23.3%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
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Alamo Group, Inc. (ALG) Altman Z-score
Alamo Group, Inc.'s Altman Z-score for fiscal 2025 is 5.45, 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 | 5.45 | (0.62) |
| FY2024 | 6.06 | (0.10) |
| FY2023 | 6.17 | 1.44 |
| FY2022 | 4.73 | 0.06 |
| FY2021 | 4.67 | 0.27 |
| FY2020 | 4.40 | 0.86 |
| FY2019 | 3.54 | (2.29) |
| FY2018 | 5.83 | (1.52) |
| FY2017 | 7.35 | 0.87 |
| FY2016 | 6.48 | 1.96 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.49 | — | 0.58 | |
| Retained earnings / total assets | 0.65 | — | 0.91 | |
| EBIT / total assets | 0.09 | — | 0.31 | |
| Market value of equity / total liabilities | 4.41 | — | 2.64 | |
| Sales / total assets | 1.00 | — | 1.00 | |
| Altman Z-score | Safe zone | 5.45 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.57 | ||
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 |
|---|---|
| BLBD Blue Bird Corporation compare | 6.8× |
| LNN Lindsay Corporation compare | 5.8× |
| ALG Alamo Group, Inc. | 5.4× |
| ASTE Astec Industries, Inc. compare | 3.1× |
| WNC Wabash National Corporation compare | 2.9× |
| TEX Terex Corporation compare | 2.4× |
| HY Hyster-Yale, Inc. compare | 2.4× |
| MTW The Manitowoc Company, Inc. compare | 2.1× |
| AEBI Aebi Schmidt Holding AG compare | 1.5× |
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