Booz Allen Hamilton Holding Corporation
BAH Industrials Consulting Services
Booz Allen Hamilton Holding Corporation’s revenue for fiscal 2026 (year ended March 2026) was $11.2 billion, down 6.37% from fiscal 2025. In the quarter to June 2026, revenue fell 4.24%, EPS fell 24.9%, free cash flow grew 171.9% and total debt fell 1.08%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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Booz Allen Hamilton Holding Corporation (BAH) Altman Z-score
Booz Allen Hamilton Holding Corporation's Altman Z-score for fiscal 2026 is 3.94, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.94 | (0.42) |
| FY2025 | 4.36 | (0.59) |
| FY2024 | 4.94 | 1.47 |
| FY2023 | 3.47 | (0.36) |
| FY2022 | 3.83 | (0.29) |
| FY2021 | 4.13 | 0.00 |
| FY2020 | 4.12 | (0.24) |
| FY2019 | 4.36 | 0.64 |
| FY2018 | 3.72 | 0.11 |
| FY2017 | 3.61 | 0.05 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.18 | — | 0.22 | |
| Retained earnings / total assets | 0.51 | — | 0.72 | |
| EBIT / total assets | 0.15 | — | 0.48 | |
| Market value of equity / total liabilities | 1.58 | — | 0.95 | |
| Sales / total assets | 1.58 | — | 1.58 | |
| Altman Z-score | Safe zone | 3.94 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.03 | ||
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 |
|---|---|
| ROMA Roma Green Finance Limited compare | 339× |
| VRSK Verisk Analytics, Inc. compare | 6.3× |
| SBC SBC Medical Group Holdings Incorporated compare | 4.7× |
| FCN FTI Consulting, Inc. compare | 4.3× |
| CRAI Charles River Associates compare | 4.0× |
| HURN Huron Consulting Group Inc. compare | 3.9× |
| BAH Booz Allen Hamilton Holding Corporation | 3.9× |
| EFX Equifax, Inc. compare | 3.7× |
| ICFI ICF International, Inc. compare | 2.8× |
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