American Vanguard Corporation
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American Vanguard Corporation’s revenue for fiscal 2025 (year ended December 2025) was $515.1 million, down 5.88% from fiscal 2024. In the quarter to June 2026, revenue fell 9.71%, EPS fell 1,033.3%, free cash flow fell 33.2% and total debt rose 41.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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American Vanguard Corporation (AVD) Altman Z-score
American Vanguard Corporation's Altman Z-score for fiscal 2025 is 1.56, 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 | 1.56 | 0.30 |
| FY2024 | 1.25 | (0.99) |
| FY2023 | 2.24 | (0.68) |
| FY2022 | 2.93 | 0.25 |
| FY2021 | 2.68 | 0.17 |
| FY2020 | 2.52 | (0.28) |
| FY2019 | 2.79 | (0.15) |
| FY2018 | 2.95 | (0.28) |
| FY2017 | 3.23 | (0.98) |
| FY2016 | 4.21 | 0.96 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.32 | |
| Retained earnings / total assets | 0.26 | — | 0.36 | |
| EBIT / total assets | (0.05) | — | −0.16 | |
| Market value of equity / total liabilities | 0.27 | — | 0.16 | |
| Sales / total assets | 0.86 | — | 0.86 | |
| Altman Z-score | Distress zone | 1.56 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.80 | ||
Z and Z″ put American Vanguard Corporation in different zones: distress 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 |
|---|---|
| IPI Intrepid Potash, Inc compare | 2.1× |
| AVD American Vanguard Corporation | 1.6× |
| FMC FMC Corporation compare | 0.7× |
| ENFY Enlightify Inc. compare | −0.6× |
| LVROF Lavoro Limited compare | −1.3× |
| BHILQ Benson Hill, Inc. compare | −2.0× |
| SEED Origin Agritech Limited compare | −10.6× |
| YTENQ Metabolix, Inc. compare | −161× |
| BIOX Bioceres Crop Solutions Corp. 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