FMC Corporation
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FMC Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, down 18.3% from fiscal 2024. In the quarter to June 2026, revenue fell 17.5%, EPS fell 381.1%, free cash flow grew 882.9% and total debt rose 2.82%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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FMC Corporation (FMC) Altman Z-score
FMC Corporation's Altman Z-score for fiscal 2025 is 0.69, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.69 | (1.32) |
| FY2024 | 2.02 | (0.09) |
| FY2023 | 2.11 | (0.83) |
| FY2022 | 2.94 | 0.19 |
| FY2021 | 2.76 | (0.03) |
| FY2020 | 2.79 | 0.22 |
| FY2019 | 2.57 | 0.40 |
| FY2018 | 2.17 | 0.03 |
| FY2017 | 2.14 | (0.44) |
| FY2016 | 2.58 | 0.61 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.12 | — | 0.15 | |
| Retained earnings / total assets | 0.43 | — | 0.60 | |
| EBIT / total assets | (0.17) | — | −0.55 | |
| Market value of equity / total liabilities | 0.23 | — | 0.14 | |
| Sales / total assets | 0.36 | — | 0.36 | |
| Altman Z-score | Distress zone | 0.69 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.38 | ||
Z and Z″ put FMC Corporation in different zones: distress zone by Z, grey 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 |
|---|---|
| CF CF Industries Holdings, Inc. compare | 2.8× |
| SMG The Scotts Miracle-Gro Company compare | 2.5× |
| ICL ICL Group Ltd. compare | 2.2× |
| IPI Intrepid Potash, Inc compare | 2.1× |
| MOS The Mosaic Company compare | 1.9× |
| AVD American Vanguard Corporation compare | 1.6× |
| CTVA Corteva, Inc. compare | 0.9× |
| FMC FMC Corporation | 0.7× |
| UAN CVR Partners, LP 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