Griffon Corporation
GFF Industrials Building Products & Equipment
In the quarter to June 2026, revenue grew 7.04%, EPS grew 144.2%, free cash flow grew 5.99% and total debt fell 12.7%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.
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Griffon Corporation (GFF) Altman Z-score
Griffon Corporation's Altman Z-score for fiscal 2025 is 3.24, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.24 | 0.08 |
| FY2024 | 3.16 | 0.72 |
| FY2023 | 2.44 | 0.75 |
| FY2022 | 1.69 | (0.56) |
| FY2021 | 2.25 | 0.26 |
| FY2020 | 1.99 | (0.10) |
| FY2019 | 2.09 | 0.08 |
| FY2018 | 2.01 | (0.12) |
| FY2017 | 2.13 | 0.15 |
| FY2016 | 1.97 | (0.02) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.32 | |
| Retained earnings / total assets | 0.23 | — | 0.32 | |
| EBIT / total assets | 0.10 | — | 0.33 | |
| Market value of equity / total liabilities | 1.74 | — | 1.04 | |
| Sales / total assets | 1.22 | — | 1.22 | |
| Altman Z-score | Safe zone | 3.24 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.24 | ||
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 |
|---|---|
| TREX Trex Company, Inc. compare | 8.5× |
| AWI Armstrong World Industries, Inc. compare | 7.8× |
| AAON AAON, Inc. compare | 6.9× |
| LPX Louisiana-Pacific Corporation compare | 6.2× |
| SPXC SPX Technologies, Inc. compare | 5.6× |
| GFF Griffon Corporation | 3.2× |
| BLDR Builders FirstSource, Inc. compare | 2.7× |
| FBIN Fortune Brands Innovations, Inc. compare | 2.7× |
| OC Owens Corning Inc compare | 2.0× |
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