Alta Equipment Group Inc.
ALTG Industrials Rental & Leasing Services
Alta Equipment Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, down 2.17% from fiscal 2024. In the quarter to June 2026, revenue fell 1.18%, EPS fell 19.1%, free cash flow fell 46.6% and total debt fell 1.79%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Alta Equipment Group Inc. (ALTG) Altman Z-score
Alta Equipment Group Inc.'s Altman Z-score for fiscal 2025 is 1.44, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.44 | 0.02 |
| FY2024 | 1.42 | (0.14) |
| FY2023 | 1.57 | (0.08) |
| FY2022 | 1.64 | (0.03) |
| FY2021 | 1.67 | 0.45 |
| FY2020 | 1.22 | 0.15 |
| FY2019 | 1.07 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.16 | — | 0.19 | |
| Retained earnings / total assets | (0.18) | — | −0.25 | |
| EBIT / total assets | 0.02 | — | 0.06 | |
| Market value of equity / total liabilities | 0.11 | — | 0.07 | |
| Sales / total assets | 1.37 | — | 1.37 | |
| Altman Z-score | Distress zone | 1.44 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.59 | ||
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 |
|---|---|
| PRG Aaron's Holdings Company, Inc. compare | 4.8× |
| MGRC McGrath RentCorp compare | 2.5× |
| ALTG Alta Equipment Group Inc. | 1.4× |
| VSTS Vestis Corporation compare | 1.3× |
| WLFC Willis Lease Finance Corporation compare | 0.9× |
| CTOS Custom Truck One Source, Inc. compare | 0.8× |
| WSC WillScot Holdings Corporation compare | 0.7× |
| HTZ Hertz Global Holdings, Inc. compare | 0.3× |
| VAI Valor Energy Inc. compare | −15.5× |
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