Bunge Global SA
BG Consumer Defensive Farm Products
Bunge Global SA’s revenue for fiscal 2025 (year ended December 2025) was $70.3 billion, up 32.4% from fiscal 2024. In the quarter to June 2026, revenue grew 88.3%, EPS grew 33.0%, free cash flow was flat and total debt rose 35.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
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Bunge Global SA (BG) Altman Z-score
Bunge Global SA's Altman Z-score for fiscal 2025 is 2.68, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.68 | (1.32) |
| FY2024 | 4.01 | (0.50) |
| FY2023 | 4.51 | (0.07) |
| FY2022 | 4.59 | 0.43 |
| FY2021 | 4.16 | 1.20 |
| FY2020 | 2.96 | (0.27) |
| FY2019 | 3.23 | (0.44) |
| FY2018 | 3.67 | (0.17) |
| FY2017 | 3.84 | 0.11 |
| FY2016 | 3.73 | (0.29) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.21 | — | 0.25 | |
| Retained earnings / total assets | 0.30 | — | 0.41 | |
| EBIT / total assets | 0.04 | — | 0.12 | |
| Market value of equity / total liabilities | 0.54 | — | 0.32 | |
| Sales / total assets | 1.58 | — | 1.58 | |
| Altman Z-score | Grey zone | 2.68 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.24 | ||
Z and Z″ put Bunge Global SA in different zones: grey 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 |
|---|---|
| VITL Vital Farms, Inc. compare | 7.9× |
| CALM Cal-Maine Foods, Inc. compare | 7.7× |
| DMC Del Monte Corporation compare | 3.5× |
| TSN Tyson Foods, Inc. compare | 3.0× |
| ADM Archer Daniels Midland Company compare | 2.9× |
| DOLE Dole PLC compare | 2.8× |
| BG Bunge Global SA | 2.7× |
| AGRO Adecoagro S.A. compare | 0.7× |
| IBA Industrias Bachoco, S.A. de C.V. 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
More on BG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement