Aemetis, Inc
AMTX Basic Materials Specialty Chemicals
In the quarter to June 2026, revenue grew 20.0%, EPS grew 68.3%, free cash flow fell 12.5% and total debt rose 13.7%, each against the same quarter a year earlier.
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Aemetis, Inc (AMTX) Altman Z-score
Aemetis, Inc's Altman Z-score for fiscal 2025 is −4.62, 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 | −4.62 | (1.78) |
| FY2024 | −2.84 | (0.39) |
| FY2023 | −2.45 | (0.04) |
| FY2022 | −2.41 | (1.08) |
| FY2021 | −1.33 | 1.37 |
| FY2020 | −2.70 | (0.73) |
| FY2019 | −1.97 | (0.12) |
| FY2018 | −1.86 | (0.37) |
| FY2017 | −1.49 | (0.77) |
| FY2016 | −0.71 | 0.02 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (1.33) | — | −1.59 | |
| Retained earnings / total assets | (2.46) | — | −3.45 | |
| EBIT / total assets | (0.14) | — | −0.47 | |
| Market value of equity / total liabilities | 0.15 | — | 0.09 | |
| Sales / total assets | 0.80 | — | 0.80 | |
| Altman Z-score | Distress zone | −4.62 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −18.25 | ||
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× |
| 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× |
| GEVO Gevo, Inc. compare | −0.3× |
| AMTX Aemetis, Inc | −4.6× |
| 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