CitroTech Inc.
CITR Basic Materials Specialty Chemicals
CitroTech Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.4 million, up 194.6% from fiscal 2024. In the quarter to June 2026, revenue fell 59.2%, EPS grew 84.2%, free cash flow fell 31.0% and total debt fell 16.2%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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CitroTech Inc. (CITR) Altman Z-score
CitroTech Inc.'s Altman Z-score for fiscal 2025 is 6.25, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.25 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.37 | — | 0.44 | |
| Retained earnings / total assets | (7.98) | — | −11.17 | |
| EBIT / total assets | (1.16) | — | −3.84 | |
| Market value of equity / total liabilities | 34.42 | — | 20.65 | |
| Sales / total assets | 0.17 | — | 0.17 | |
| Altman Z-score | Safe zone | 6.25 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −27.36 | ||
Z and Z″ put CitroTech Inc. in different zones: safe 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 |
|---|---|
| CITR CitroTech Inc. | 6.3× |
| HDSN Hudson Technologies, Inc. compare | 4.6× |
| CMT Core Molding Technologies Inc compare | 4.1× |
| NTIC Northern Technologies International Corporation compare | 3.5× |
| FF FutureFuel Corp. compare | 2.0× |
| ALTO Alto Ingredients, Inc. compare | 0.7× |
| AMTX Aemetis, Inc compare | −4.6× |
| LOOP Loop Industries, Inc. compare | −35.1× |
| FEAM 5E Advanced Materials, 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