GameStop Corp.
GME Consumer Cyclical Specialty Retail
GameStop Corp.’s revenue for fiscal 2026 (year ended January 2026) was $3.6 billion, down 5.05% from fiscal 2025. In the quarter to July 2026, revenue fell 18.7%, EPS grew 76.3%, free cash flow grew 115.7% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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GameStop Corp. (GME) Altman Z-score
GameStop Corp.'s Altman Z-score for fiscal 2026 is 2.83, 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 | 2.83 | (5.47) |
| FY2025 | 8.30 | 4.15 |
| FY2024 | 4.16 | 0.07 |
| FY2023 | 4.08 | (0.25) |
| FY2022 | 4.34 | (4.00) |
| FY2021 | 8.34 | 5.91 |
| FY2020 | 2.43 | (0.06) |
| FY2019 | 2.48 | (0.72) |
| FY2018 | 3.21 | (0.01) |
| FY2017 | 3.22 | (0.92) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.90 | — | 1.08 | |
| Retained earnings / total assets | 0.02 | — | 0.03 | |
| EBIT / total assets | 0.02 | — | 0.07 | |
| Market value of equity / total liabilities | 2.16 | — | 1.30 | |
| Sales / total assets | 0.35 | — | 0.35 | |
| Altman Z-score | Grey zone | 2.83 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.28 | ||
Z and Z″ put GameStop Corp. 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 |
|---|---|
| WSM Williams-Sonoma, Inc. compare | 7.3× |
| ULTA Ulta Beauty Inc. compare | 7.1× |
| MUSA Murphy USA Inc. compare | 6.9× |
| CASY Casey's General Stores, Inc. compare | 6.6× |
| TSCO Tractor Supply Company compare | 4.8× |
| FIVE Five Below, Inc. compare | 4.4× |
| BBY Best Buy Co., Inc. compare | 4.2× |
| GME GameStop Corp. | 2.8× |
| DKS DICK'S Sporting Goods, Inc. compare | 2.8× |
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