CONCRETE PUMPING HOLDINGS, INC.
BBCP Industrials Engineering & Construction
CONCRETE PUMPING HOLDINGS, INC.’s revenue for fiscal 2025 (year ended October 2025) was $392.9 million, down 7.75% from fiscal 2024. In the quarter to July 2026, revenue grew 12.6%, EPS grew 28.6%, free cash flow fell 28.9% and total debt was flat, each against the same quarter a year earlier.
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CONCRETE PUMPING HOLDINGS, INC. (BBCP) Altman Z-score
CONCRETE PUMPING HOLDINGS, INC.'s Altman Z-score for fiscal 2025 is 0.88, 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 | 0.88 | (0.10) |
| FY2024 | 0.98 | (0.04) |
| FY2023 | 1.02 | 0.22 |
| FY2022 | 0.80 | (0.10) |
| FY2021 | 0.90 | 0.63 |
| FY2020 | 0.28 | (0.15) |
| FY2019 | 0.43 | (0.70) |
| FY2018 | 1.13 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.07 | — | 0.08 | |
| Retained earnings / total assets | (0.10) | — | −0.14 | |
| EBIT / total assets | 0.05 | — | 0.16 | |
| Market value of equity / total liabilities | 0.54 | — | 0.33 | |
| Sales / total assets | 0.45 | — | 0.45 | |
| Altman Z-score | Distress zone | 0.88 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.91 | ||
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 |
|---|---|
| PHOE Phoenix Asia Holdings Limited compare | 166× |
| MAGH Magnitude International Ltd compare | 22.9× |
| WLDN Willdan Group, Inc. compare | 5.7× |
| ORN Orion Group Holdings, Inc. compare | 3.1× |
| CDNL Cardinal Infrastructure Group Inc. compare | 2.7× |
| BWMN Bowman Consulting Group Ltd. compare | 1.9× |
| MTRX Matrix Service Company compare | 1.9× |
| AMRC Ameresco, Inc. compare | 1.1× |
| BBCP CONCRETE PUMPING HOLDINGS, INC. | 0.9× |
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