Franklin Covey Company
FC Consumer Defensive Education & Training Services
Franklin Covey Company’s revenue for fiscal 2025 (year ended August 2025) was $267.1 million, down 7.02% from fiscal 2024. In the quarter to May 2026, revenue grew 1.02%, EPS grew 345.5% and free cash flow fell 137.1%, each against the same quarter a year earlier.
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Franklin Covey Company (FC) Altman Z-score
Franklin Covey Company's Altman Z-score for fiscal 2025 is 2.63, 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 | 2.63 | (1.32) |
| FY2024 | 3.95 | (0.17) |
| FY2023 | 4.12 | 0.06 |
| FY2022 | 4.06 | 0.53 |
| FY2021 | 3.53 | 1.05 |
| FY2020 | 2.48 | (1.17) |
| FY2019 | 3.65 | 0.68 |
| FY2018 | 2.97 | 0.46 |
| FY2017 | 2.51 | (1.07) |
| FY2016 | 3.57 | (0.85) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.11) | — | −0.14 | |
| Retained earnings / total assets | 0.52 | — | 0.73 | |
| EBIT / total assets | 0.02 | — | 0.08 | |
| Market value of equity / total liabilities | 1.44 | — | 0.86 | |
| Sales / total assets | 1.10 | — | 1.10 | |
| Altman Z-score | Grey zone | 2.63 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.50 | ||
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 |
|---|---|
| LGCY Legacy Education Inc. compare | 5.9× |
| LINC Lincoln Educational Services Corporation compare | 3.0× |
| FC Franklin Covey Company | 2.6× |
| KLC KinderCare Learning Companies, Inc. compare | 0.7× |
| DAO Youdao, Inc. Unsponsored ADR compare | −0.2× |
| GOTU Gaotu Techedu Inc. compare | −0.2× |
| SKIL Skillsoft Corp. compare | −2.1× |
| CHGG Chegg, Inc. compare | −4.7× |
| NEW Puxin Limited 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