Hamilton Beach Brands Holding Company
HBB Consumer Cyclical Furnishings Fixtures & Appliances
Hamilton Beach Brands Holding Company’s revenue for fiscal 2025 (year ended December 2025) was $606.9 million, down 7.31% from fiscal 2024. In the quarter to June 2026, revenue grew 11.6%, EPS grew 657.6%, free cash flow grew 284.0% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Hamilton Beach Brands Holding Company (HBB) Altman Z-score
Hamilton Beach Brands Holding Company's Altman Z-score for fiscal 2025 is 3.51, 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 | 3.51 | 0.17 |
| FY2024 | 3.34 | (0.03) |
| FY2023 | 3.37 | 0.14 |
| FY2022 | 3.22 | 0.10 |
| FY2021 | 3.13 | 0.22 |
| FY2020 | 2.90 | (0.31) |
| FY2019 | 3.21 | (0.15) |
| FY2018 | 3.37 | 0.16 |
| FY2017 | 3.21 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.46 | — | 0.55 | |
| Retained earnings / total assets | 0.36 | — | 0.51 | |
| EBIT / total assets | 0.09 | — | 0.30 | |
| Market value of equity / total liabilities | 1.04 | — | 0.62 | |
| Sales / total assets | 1.53 | — | 1.53 | |
| Altman Z-score | Safe zone | 3.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.69 | ||
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 |
|---|---|
| XMAX XMax Inc. compare | 8.3× |
| FLXS Flexsteel Industries, Inc. compare | 5.9× |
| ETD Ethan Allen Interiors Inc. compare | 4.2× |
| HBB Hamilton Beach Brands Holding Company | 3.5× |
| LZB La-Z-Boy Incorporated compare | 2.7× |
| BSET Bassett Furniture Industries, Incorporated compare | 2.4× |
| MBC MasterBrand, Inc. compare | 2.2× |
| LOVE The Lovesac Company compare | 2.0× |
| LCUT Lifetime Brands, Inc. compare | 1.6× |
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