stockrowGrowGeneration Corp.
GRWG Consumer Cyclical Specialty Retail
GrowGeneration Corp.’s revenue for fiscal 2025 (year ended December 2025) was $161.7 million, down 14.4% from fiscal 2024.
- Revenue
- +5.50%
- EPS
- +62.5%
- Free cash flow
- +126.6%
Quarter to June 2026, against a year earlier
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GrowGeneration Corp. (GRWG) Altman Z-score
GrowGeneration Corp.'s Altman Z-score for fiscal 2025 is −0.42, 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 | −0.42 | (0.20) |
| FY2024 | −0.22 | (1.29) |
| FY2023 | 1.07 | 0.34 |
| FY2022 | 0.74 | (6.03) |
| FY2021 | 6.77 | (22.70) |
| FY2020 | 29.47 | 23.48 |
| FY2019 | 5.99 | (0.25) |
| FY2018 | 6.23 | (15.36) |
| FY2017 | 21.59 | 5.13 |
| FY2016 | 16.45 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.53 | — | 0.63 | |
| Retained earnings / total assets | (1.90) | — | −2.66 | |
| EBIT / total assets | (0.17) | — | −0.57 | |
| Market value of equity / total liabilities | 1.81 | — | 1.08 | |
| Sales / total assets | 1.10 | — | 1.10 | |
| Altman Z-score | Distress zone | −0.42 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.83 | ||
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 |
|---|---|
| PTLE PTL Limited compare | 54.6× |
| HTLM HomesToLife Ltd compare | 4.5× |
| ABLV Able View Global Inc. compare | 4.3× |
| FLWS 1-800 FLOWERS.COM, Inc. compare | 1.8× |
| ONEW OneWater Marine Inc. compare | 1.4× |
| GRWG GrowGeneration Corp. | −0.4× |
| BARK BARK, Inc. compare | −1.0× |
| NAAS NaaS Technology Inc. Sponsored ADR compare | −44.7× |
| SPWH Sportsman's Warehouse Holdings, Inc. 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