CKX Lands, Inc.
CKX Energy Oil & Gas E&P
CKX Lands, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $838,500.00, down 44.9% from fiscal 2024. In the quarter to June 2026, revenue grew 23.8%, EPS fell 25.0% and free cash flow fell 223.6%, each against the same quarter a year earlier.
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CKX Lands, Inc. (CKX) Altman Z-score
CKX Lands, Inc.'s Altman Z-score for fiscal 2025 is 16.05, 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 | 16.05 | (43.55) |
| FY2024 | 59.60 | 26.79 |
| FY2023 | 32.81 | (12.41) |
| FY2022 | 45.22 | 13.99 |
| FY2021 | 31.22 | 8.35 |
| FY2020 | 22.87 | (5.22) |
| FY2019 | 28.09 | (3.75) |
| FY2018 | 31.84 | 0.88 |
| FY2017 | 30.96 | (0.71) |
| FY2016 | 31.67 | (3.80) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.78 | — | 0.93 | |
| Retained earnings / total assets | 0.84 | — | 1.17 | |
| EBIT / total assets | 0.16 | — | 0.54 | |
| Market value of equity / total liabilities | 22.28 | — | 13.37 | |
| Sales / total assets | 0.04 | — | 0.04 | |
| Altman Z-score | Safe zone | 16.05 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 35.72 | ||
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 |
|---|---|
| CKX CKX Lands, Inc. | 16.0× |
| MXC Mexco Energy Corporation compare | 8.8× |
| INDO Indonesia Energy Corporation Limited compare | 4.9× |
| PROP Prairie Operating Co. compare | 0.4× |
| BRN Barnwell Industries, Inc. compare | 0.0× |
| EONR EON Resources Inc. compare | −1.0× |
| PRT PermRock Royalty Trust compare | — |
| VOC VOC Energy Trust compare | — |
| PVL PERMIANVILLE ROYALTY TRUST 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