Build-A-Bear Workshop, Inc.
BBW Consumer Cyclical Specialty Retail
Build-A-Bear Workshop, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $529.8 million, up 6.73% from fiscal 2025. In the quarter to July 2026, revenue fell 7.21%, EPS fell 24.5% and free cash flow fell 557.8%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.
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Build-A-Bear Workshop, Inc. (BBW) Altman Z-score
Build-A-Bear Workshop, Inc.'s Altman Z-score for fiscal 2026 is 5.22, 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 | 5.22 | (0.16) |
| FY2025 | 5.38 | 0.86 |
| FY2024 | 4.52 | 0.26 |
| FY2023 | 4.26 | 0.82 |
| FY2022 | 3.44 | 2.37 |
| FY2021 | 1.07 | (0.46) |
| FY2020 | 1.53 | (1.22) |
| FY2019 | 2.74 | (0.88) |
| FY2017 | 3.62 | (0.41) |
| FY2017 | 4.03 | 0.32 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.14 | — | 0.17 | |
| Retained earnings / total assets | 0.30 | — | 0.42 | |
| EBIT / total assets | 0.19 | — | 0.63 | |
| Market value of equity / total liabilities | 4.09 | — | 2.45 | |
| Sales / total assets | 1.53 | — | 1.53 | |
| Altman Z-score | Safe zone | 5.22 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.07 | ||
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 |
|---|---|
| BBW Build-A-Bear Workshop, Inc. | 5.2× |
| BWMX Betterware de Mexico SAPI de C compare | 3.1× |
| ARKO ARKO Corp. compare | 2.5× |
| BNED Barnes & Noble Education, Inc compare | 1.9× |
| FLWS 1-800 FLOWERS.COM, Inc. compare | 1.8× |
| ONEW OneWater Marine Inc. compare | 1.4× |
| WOOF Petco Health and Wellness Company, Inc. compare | 1.0× |
| EVGO EVgo Inc. compare | 0.3× |
| CHPT ChargePoint Holdings, Inc. compare | −3.9× |
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