Century Aluminum Company
CENX Basic Materials Aluminum
Century Aluminum Company’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 13.9% from fiscal 2024.
- Revenue
- +19.7%
- EPS
- +5,140.0%
- Free cash flow
- +779.3%
- Total debt
- +4.05%
Quarter to June 2026, against a year earlier
Follow CENX
Alert me
Century Aluminum Company (CENX) Altman Z-score
Century Aluminum Company's Altman Z-score for fiscal 2025 is 2.26, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.26 | 1.18 |
| FY2024 | 1.08 | 0.92 |
| FY2023 | 0.16 | (0.16) |
| FY2022 | 0.32 | (0.33) |
| FY2021 | 0.65 | 0.59 |
| FY2020 | 0.06 | (0.15) |
| FY2019 | 0.21 | (0.18) |
| FY2018 | 0.38 | (1.14) |
| FY2017 | 1.52 | 1.80 |
| FY2016 | −0.27 | (0.77) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.22 | — | 0.27 | |
| Retained earnings / total assets | (0.72) | — | −1.00 | |
| EBIT / total assets | 0.07 | — | 0.23 | |
| Market value of equity / total liabilities | 2.76 | — | 1.65 | |
| Sales / total assets | 1.11 | — | 1.11 | |
| Altman Z-score | Grey zone | 2.26 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.33 | ||
Z and Z″ put Century Aluminum Company in different zones: grey zone by Z, distress 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 |
|---|---|
| WDFC WD-40 Company compare | 12.0× |
| HWKN Hawkins, Inc. compare | 6.6× |
| ERO Ero Copper Corp. compare | 3.2× |
| USAR USA Rare Earth Inc. compare | 3.2× |
| KNF Knife River Corporation compare | 2.9× |
| ARIS Aris Mining Corporation compare | 2.6× |
| CSTM Constellium SE compare | 2.5× |
| CENX Century Aluminum Company | 2.3× |
| ASH Ashland 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
More on CENX
- 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