DICK'S Sporting Goods, Inc.
DKS Consumer Cyclical Specialty Retail
DICK'S Sporting Goods, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $17.2 billion, up 28.1% from fiscal 2025. In the quarter to July 2026, revenue grew 53.2%, EPS fell 26.4%, free cash flow fell 55.1% and total debt rose 28.4%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
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DICK'S Sporting Goods, Inc. (DKS) Altman Z-score
DICK'S Sporting Goods, Inc.'s Altman Z-score for fiscal 2026 is 2.76, 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) |
|---|---|---|
| FY2026 | 2.76 | (1.71) |
| FY2025 | 4.47 | 0.41 |
| FY2024 | 4.06 | 0.14 |
| FY2023 | 3.92 | 0.06 |
| FY2022 | 3.86 | 0.94 |
| FY2021 | 2.92 | 0.32 |
| FY2020 | 2.60 | (1.67) |
| FY2019 | 4.27 | 0.06 |
| FY2018 | 4.21 | (0.57) |
| FY2017 | 4.79 | (0.17) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.14 | — | 0.17 | |
| Retained earnings / total assets | 0.39 | — | 0.55 | |
| EBIT / total assets | 0.06 | — | 0.21 | |
| Market value of equity / total liabilities | 1.41 | — | 0.85 | |
| Sales / total assets | 0.99 | — | 0.99 | |
| Altman Z-score | Grey zone | 2.76 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.12 | ||
Z and Z″ put DICK'S Sporting Goods, Inc. in different zones: grey zone by Z, safe 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 |
|---|---|
| WSM Williams-Sonoma, Inc. compare | 7.3× |
| ULTA Ulta Beauty Inc. compare | 7.1× |
| MUSA Murphy USA Inc. compare | 6.9× |
| CASY Casey's General Stores, Inc. compare | 6.6× |
| TSCO Tractor Supply Company compare | 4.8× |
| FIVE Five Below, Inc. compare | 4.4× |
| BBY Best Buy Co., Inc. compare | 4.2× |
| GME GameStop Corp. compare | 2.8× |
| DKS DICK'S Sporting Goods, Inc. | 2.8× |
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