Beasley Broadcast Group, Inc.
BBGI Communication Services Broadcasting
Beasley Broadcast Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $205.9 million, down 14.3% from fiscal 2024. In the quarter to June 2026, revenue fell 16.7%, EPS grew 51,733.3%, free cash flow fell 606.4% and total debt fell 40.1%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Beasley Broadcast Group, Inc. (BBGI) Altman Z-score
Beasley Broadcast Group, Inc.'s Altman Z-score for fiscal 2025 is −2.66, 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 | −2.66 | (3.28) |
| FY2024 | 0.62 | 0.49 |
| FY2023 | 0.14 | (0.37) |
| FY2022 | 0.51 | (0.30) |
| FY2021 | 0.82 | 0.17 |
| FY2020 | 0.65 | (0.31) |
| FY2019 | 0.96 | (0.13) |
| FY2018 | 1.09 | (0.61) |
| FY2017 | 1.70 | 0.71 |
| FY2016 | 0.99 | (0.01) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.00 | — | 0.00 | |
| Retained earnings / total assets | (0.59) | — | −0.83 | |
| EBIT / total assets | (0.77) | — | −2.53 | |
| Market value of equity / total liabilities | 0.03 | — | 0.02 | |
| Sales / total assets | 0.69 | — | 0.69 | |
| Altman Z-score | Distress zone | −2.66 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −7.23 | ||
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 |
|---|---|
| SGA Saga Communications, Inc. compare | 2.2× |
| CMLSQ Cumulus Media, Inc. compare | −0.3× |
| CURI CuriosityStream Inc. compare | −1.6× |
| UONE Radio One, Inc. compare | −2.4× |
| UONEK Radio One, Inc. compare | −2.4× |
| BBGI Beasley Broadcast Group, Inc. | −2.7× |
| XHLD TEN Holdings, Inc. compare | −5.4× |
| LPTVQ Loop Media, Inc. compare | −37.4× |
| FLZH Flash Sports & Media Holdings, Inc. compare | −817× |
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