EVI Industries, Inc.
EVI Industrials Industrial Distribution
EVI Industries, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $446.6 million, up 14.6% from fiscal 2025. In the quarter to June 2026, revenue grew 10.8%, EPS grew 28.6%, free cash flow grew 39.2% and total debt fell 3.77%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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EVI Industries, Inc. (EVI) Altman Z-score
EVI Industries, Inc.'s Altman Z-score for fiscal 2026 is 2.77, 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 | 2.77 | (0.03) |
| FY2025 | 2.80 | (0.80) |
| FY2024 | 3.60 | 0.23 |
| FY2023 | 3.37 | 1.17 |
| FY2022 | 2.20 | (2.38) |
| FY2021 | 4.58 | 0.69 |
| FY2020 | 3.90 | (1.74) |
| FY2019 | 5.63 | (3.20) |
| FY2018 | 8.83 | 0.54 |
| FY2017 | 8.29 | (0.31) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.18 | — | 0.22 | |
| Retained earnings / total assets | 0.13 | — | 0.18 | |
| EBIT / total assets | 0.05 | — | 0.17 | |
| Market value of equity / total liabilities | 1.23 | — | 0.74 | |
| Sales / total assets | 1.47 | — | 1.47 | |
| Altman Z-score | Grey zone | 2.77 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.98 | ||
Z and Z″ put EVI Industries, 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 |
|---|---|
| GIC Global Industrial Company compare | 6.2× |
| BXC BlueLinx Holdings Inc. compare | 3.4× |
| DXPE DXP Enterprises, Inc. compare | 3.3× |
| EVI EVI Industries, Inc. | 2.8× |
| DSGR Distribution Solutions Group, Inc. compare | 2.3× |
| TITN Titan Machinery Inc. compare | 2.2× |
| REZI Resideo Technologies, Inc. compare | 1.8× |
| WXM WF International Limited compare | 1.6× |
| DNOW DNOW Inc. compare | 1.3× |
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