BNB Standard Corporation
BNC Industrials Farm & Heavy Construction Machinery
In the quarter to July 2026, revenue fell 4.57%, EPS grew 84.1%, free cash flow fell 223.9% and total debt rose 989.6%, each against the same quarter a year earlier.
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BNB Standard Corporation (BNC) Altman Z-score
BNB Standard Corporation's Altman Z-score for fiscal 2026 is 1.42, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.42 | (3.32) |
| FY2025 | 4.74 | 6.76 |
| FY2024 | −2.02 | (0.85) |
| FY2023 | −1.18 | 0.04 |
| FY2022 | −1.22 | 4.64 |
| FY2021 | −5.86 | 1.72 |
| FY2020 | −7.58 | (3.15) |
| FY2019 | −4.44 | 6.88 |
| FY2018 | −11.31 | (12.15) |
| FY2017 | 0.84 | 5.17 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.00 | — | 0.01 | |
| Retained earnings / total assets | 0.22 | — | 0.30 | |
| EBIT / total assets | (0.47) | — | −1.56 | |
| Market value of equity / total liabilities | 4.30 | — | 2.58 | |
| Sales / total assets | 0.09 | — | 0.09 | |
| Altman Z-score | Distress zone | 1.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.24 | ||
Z and Z″ put BNB Standard Corporation in different zones: distress 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 |
|---|---|
| GENC Gencor Industries Inc. compare | 15.0× |
| WNC Wabash National Corporation compare | 2.9× |
| HY Hyster-Yale, Inc. compare | 2.4× |
| MTW The Manitowoc Company, Inc. compare | 2.1× |
| TWI Titan International, Inc. compare | 1.9× |
| AEBI Aebi Schmidt Holding AG compare | 1.5× |
| BNC BNB Standard Corporation | 1.4× |
| CMCO Columbus McKinnon Corporation compare | 0.4× |
| LEVGQ The Lion Electric Company compare | 0.2× |
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