Armlogi Holding Corp.
BTOC Industrials Integrated Freight & Logistics
Armlogi Holding Corp.’s revenue for fiscal 2026 (year ended June 2026) was $185.8 million, down 2.40% from fiscal 2025. In the quarter to June 2026, revenue fell 15.3%, EPS grew 9.77%, free cash flow fell 107.1% and total debt fell 91.2%, each against the same quarter a year earlier.
Follow BTOC
Armlogi Holding Corp. (BTOC) Altman Z-score
Armlogi Holding Corp.'s Altman Z-score for fiscal 2026 is 1.56, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.56 | (3.71) |
| FY2025 | 5.27 | (10.38) |
| FY2024 | 15.65 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.20) | — | −0.24 | |
| Retained earnings / total assets | (0.10) | — | −0.13 | |
| EBIT / total assets | (0.16) | — | −0.54 | |
| Market value of equity / total liabilities | 1.75 | — | 1.05 | |
| Sales / total assets | 1.42 | — | 1.42 | |
| Altman Z-score | Distress zone | 1.56 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.63 | ||
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 |
|---|---|
| SLGB Smart Logistics Global Limited compare | 7.4× |
| GVH Globavend Holdings Limited compare | 4.6× |
| HXHX Haoxin Holdings Limited compare | 2.6× |
| ELOG Eastern International Ltd. compare | 2.2× |
| JYD Jayud Global Logistics Limited compare | 1.8× |
| BTOC Armlogi Holding Corp. | 1.6× |
| ATXG Addentax Group Corp. compare | 0.3× |
| CTNT Cheetah Net Supply Chain Service Inc. compare | −0.5× |
| CJMB Callan JMB Inc. compare | −4.3× |
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