American Outdoor Brands, Inc.
AOUT Consumer Cyclical Leisure
American Outdoor Brands, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $190.5 million, down 14.3% from fiscal 2025. In the quarter to July 2026, revenue grew 25.4%, EPS grew 77.8% and free cash flow grew 709.6%, each against the same quarter a year earlier.
Follow AOUT
American Outdoor Brands, Inc. (AOUT) Altman Z-score
American Outdoor Brands, Inc.'s Altman Z-score for fiscal 2026 is 2.06, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.06 | (0.32) |
| FY2025 | 2.39 | 0.56 |
| FY2024 | 1.83 | (0.47) |
| FY2023 | 2.30 | 0.27 |
| FY2022 | 2.03 | (3.11) |
| FY2021 | 5.14 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.59 | — | 0.70 | |
| Retained earnings / total assets | (0.37) | — | −0.52 | |
| EBIT / total assets | (0.04) | — | −0.13 | |
| Market value of equity / total liabilities | 1.95 | — | 1.17 | |
| Sales / total assets | 0.84 | — | 0.84 | |
| Altman Z-score | Grey zone | 2.06 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.24 | ||
Z and Z″ put American Outdoor Brands, Inc. in different zones: grey zone by Z, safe zone by Z″.
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 |
|---|---|
| TRON Tron Inc. compare | 68.3× |
| ESCA Escalade, Incorporated compare | 5.2× |
| JOUT Johnson Outdoors Inc. compare | 3.6× |
| JAKK JAKKS Pacific, Inc. compare | 2.2× |
| AOUT American Outdoor Brands, Inc. | 2.1× |
| FNKO Funko, Inc. compare | 1.0× |
| CLAR Clarus Corporation compare | −0.3× |
| XPOF Xponential Fitness, Inc. compare | −1.7× |
| PLBY PLBY Group, Inc. compare | −2.6× |
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