Autohome Inc.
ATHM Communication Services Internet Content & Information
In the quarter to June 2026, revenue fell 28.1%, EPS fell 31.9% and free cash flow fell 78.6%, each against the same quarter a year earlier.
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Autohome Inc. (ATHM) Altman Z-score
Autohome Inc.'s Altman Z-score for fiscal 2025 is 3.68, 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 | 3.68 | (0.24) |
| FY2024 | 3.92 | 0.04 |
| FY2023 | 3.88 | (0.62) |
| FY2022 | 4.49 | 0.16 |
| FY2021 | 4.33 | (5.77) |
| FY2020 | 10.10 | (1.16) |
| FY2019 | 11.27 | 0.68 |
| FY2018 | 10.59 | 1.64 |
| FY2017 | 8.94 | 2.83 |
| FY2016 | 6.11 | (1.50) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.62 | — | 0.75 | |
| Retained earnings / total assets | 0.59 | — | 0.82 | |
| EBIT / total assets | 0.03 | — | 0.09 | |
| Market value of equity / total liabilities | 2.98 | — | 1.79 | |
| Sales / total assets | 0.23 | — | 0.23 | |
| Altman Z-score | Safe zone | 3.68 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 9.99 | ||
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 |
|---|---|
| RUM RUM Group Inc. compare | 13.1× |
| OPRA Opera Limited Sponsored ADR compare | 7.5× |
| ATHM Autohome Inc. | 3.7× |
| JOYY JOYY Inc. Sponsored ADR compare | 3.4× |
| GENI Genius Sports Limited compare | 3.0× |
| WBTN WEBTOON Entertainment Inc. compare | 3.0× |
| PPLI People Incorporated compare | 1.1× |
| DJT Trump Media & Technology Group Corp. compare | −0.5× |
| STUB StubHub Holdings, Inc. compare | −0.6× |
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