Greenland Technologies Holding Corporation
GTEC Consumer Cyclical Auto Parts
Greenland Technologies Holding Corporation’s revenue for fiscal 2025 (year ended December 2025) was $90.7 million, up 8.04% from fiscal 2024. In the quarter to June 2026, revenue grew 37.6%, EPS grew 165.0% and free cash flow grew 175.0%, each against the same quarter a year earlier.
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Greenland Technologies Holding Corporation (GTEC) Altman Z-score
Greenland Technologies Holding Corporation's Altman Z-score for fiscal 2025 is 2.06, 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 | 2.06 | (0.04) |
| FY2024 | 2.10 | 0.41 |
| FY2023 | 1.69 | 0.00 |
| FY2022 | 1.69 | (0.25) |
| FY2021 | 1.94 | 0.18 |
| FY2020 | 1.76 | 0.13 |
| FY2019 | 1.63 | 0.17 |
| FY2018 | 1.46 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.41 | — | 0.49 | |
| Retained earnings / total assets | 0.32 | — | 0.45 | |
| EBIT / total assets | 0.06 | — | 0.21 | |
| Market value of equity / total liabilities | 0.20 | — | 0.12 | |
| Sales / total assets | 0.78 | — | 0.78 | |
| Altman Z-score | Grey zone | 2.06 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.56 | ||
Z and Z″ put Greenland Technologies Holding Corporation 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 |
|---|---|
| GTEC Greenland Technologies Holding Corporation | 2.1× |
| INEO INNEOVA Holdings Limited compare | 1.7× |
| PRTS CarParts.com, Inc. compare | 0.5× |
| SYPR Sypris Solutions, Inc. compare | −0.2× |
| MKDW MKDWELL Tech Inc. compare | −0.6× |
| WKSP Worksport Ltd. compare | −3.9× |
| INVZ Innoviz Technologies Ltd. compare | −7.1× |
| WPRT Westport Fuel Systems Inc. compare | −16.8× |
| FRSX Foresight Autonomous Holdings Ltd. American Depositary Shares compare | −27.2× |
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