Crane NXT, Co.
CXT Industrials Specialty Industrial Machinery
Crane NXT, Co.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 11.4% from fiscal 2024. In the quarter to June 2026, revenue grew 22.0%, EPS grew 44.2%, free cash flow grew 32.4% and total debt rose 28.8%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three; insiders bought in the last twelve months.
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Crane NXT, Co. (CXT) Altman Z-score
Crane NXT, Co.'s Altman Z-score for fiscal 2025 is 1.94, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.94 | (0.76) |
| FY2024 | 2.70 | (0.31) |
| FY2023 | 3.02 | (0.81) |
| FY2022 | 3.83 | 1.88 |
| FY2021 | 1.95 | 0.02 |
| FY2020 | 1.93 | (0.09) |
| FY2019 | 2.02 | (0.42) |
| FY2018 | 2.45 | (0.11) |
| FY2017 | 2.56 | 0.21 |
| FY2016 | 2.35 | (0.04) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.11 | |
| Retained earnings / total assets | 0.12 | — | 0.17 | |
| EBIT / total assets | 0.08 | — | 0.26 | |
| Market value of equity / total liabilities | 1.45 | — | 0.87 | |
| Sales / total assets | 0.53 | — | 0.53 | |
| Altman Z-score | Grey zone | 1.94 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.22 | ||
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 |
|---|---|
| FELE Franklin Electric Co., Inc. compare | 6.9× |
| SXI Standex International Corporation compare | 5.4× |
| KAI Kadant Inc compare | 4.7× |
| MWA MUELLER WATER PRODUCTS compare | 4.4× |
| CSW CSW Industrials, Inc. compare | 3.4× |
| HLIO Helios Technologies, Inc compare | 3.2× |
| SMR NuScale Power Corporation compare | 3.2× |
| MIR Mirion Technologies, Inc. compare | 2.2× |
| CXT Crane NXT, Co. | 1.9× |
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