Broadwind Energy, Inc.
BWEN Industrials Specialty Industrial Machinery
In the quarter to June 2026, revenue grew 67.4%, EPS grew 25.0%, free cash flow fell 184.5% and total debt fell 55.8%, each against the same quarter a year earlier.
Follow BWEN
Broadwind Energy, Inc. (BWEN) Altman Z-score
Broadwind Energy, Inc.'s Altman Z-score for fiscal 2025 is −1.32, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −1.32 | 0.60 |
| FY2024 | −1.91 | (0.74) |
| FY2023 | −1.17 | 0.84 |
| FY2022 | −2.01 | 0.70 |
| FY2021 | −2.72 | (1.42) |
| FY2020 | −1.30 | 1.09 |
| FY2019 | −2.39 | 1.81 |
| FY2018 | −4.21 | (1.88) |
| FY2017 | −2.33 | (1.14) |
| FY2016 | −1.19 | 0.68 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.28 | — | 0.33 | |
| Retained earnings / total assets | (2.87) | — | −4.02 | |
| EBIT / total assets | 0.07 | — | 0.24 | |
| Market value of equity / total liabilities | 1.28 | — | 0.77 | |
| Sales / total assets | 1.35 | — | 1.35 | |
| Altman Z-score | Distress zone | −1.32 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −5.65 | ||
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 |
|---|---|
| TAYD Taylor Devices, Inc. compare | 22.8× |
| HUHU HUHUTECH International Group Inc. compare | 7.1× |
| CVV CVD Equipment Corporation compare | 5.6× |
| ZJK ZJK Industrial Co., Ltd. compare | 4.2× |
| HURC Hurco Companies, Inc. compare | 3.2× |
| NPWR NET Power Inc. compare | 0.2× |
| BWEN Broadwind Energy, Inc. | −1.3× |
| SHMD SCHMID Group N.V. compare | — |
| HDRN Hadron Energy, Inc. 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