Everforth Inc.
EFOR Technology Information Technology Services
Everforth Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, down 2.91% from fiscal 2024. In the quarter to June 2026, revenue fell 1.33%, EPS fell 47.8%, free cash flow fell 60.0% and total debt rose 18.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Everforth Inc. (EFOR) Altman Z-score
Everforth Inc.'s Altman Z-score for fiscal 2025 is 2.53, 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 | 2.53 | (0.96) |
| FY2024 | 3.50 | (0.45) |
| FY2023 | 3.95 | 0.18 |
| FY2022 | 3.77 | (0.85) |
| FY2021 | 4.62 | 1.10 |
| FY2020 | 3.52 | 0.07 |
| FY2019 | 3.45 | 0.25 |
| FY2018 | 3.19 | (1.69) |
| FY2017 | 4.89 | 1.10 |
| FY2016 | 3.78 | 0.53 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.13 | — | 0.16 | |
| Retained earnings / total assets | 0.30 | — | 0.42 | |
| EBIT / total assets | 0.06 | — | 0.21 | |
| Market value of equity / total liabilities | 1.12 | — | 0.67 | |
| Sales / total assets | 1.08 | — | 1.08 | |
| Altman Z-score | Grey zone | 2.53 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.28 | ||
Z and Z″ put Everforth 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 |
|---|---|
| PONY Pony AI Inc. - Sponsored ADR compare | 31.1× |
| INOD Innodata Inc compare | 19.1× |
| MGRT Mega Fortune Company Limited compare | 12.3× |
| GLOB Globant S.A. compare | 3.0× |
| EFOR Everforth Inc. | 2.5× |
| FORTY Formula Systems (1985) Ltd. compare | 2.5× |
| KEEL Keel Infrastructure Corp compare | 0.9× |
| CNXC Concentrix Corporation compare | 0.9× |
| VNET VNET Group, Inc. - Unsponsored ADR compare | 0.2× |
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