The Hackett Group, Inc.
HCKT Technology Information Technology Services
The Hackett Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $305.6 million, down 2.62% from fiscal 2024. In the quarter to June 2026, revenue fell 12.1%, EPS grew 200.0%, free cash flow grew 236.6% and total debt rose 255.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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The Hackett Group, Inc. (HCKT) Altman Z-score
The Hackett Group, Inc.'s Altman Z-score for fiscal 2025 is 4.92, 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 | 4.92 | (4.71) |
| FY2024 | 9.63 | 2.40 |
| FY2023 | 7.23 | 1.20 |
| FY2022 | 6.03 | (2.20) |
| FY2021 | 8.24 | 1.70 |
| FY2020 | 6.54 | (0.71) |
| FY2019 | 7.25 | 0.13 |
| FY2018 | 7.13 | 1.77 |
| FY2017 | 5.36 | (0.91) |
| FY2016 | 6.27 | (0.23) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.17 | — | 0.20 | |
| Retained earnings / total assets | 0.38 | — | 0.53 | |
| EBIT / total assets | 0.11 | — | 0.38 | |
| Market value of equity / total liabilities | 3.87 | — | 2.32 | |
| Sales / total assets | 1.48 | — | 1.48 | |
| Altman Z-score | Safe zone | 4.92 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.64 | ||
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 |
|---|---|
| IBEX IBEX Limited compare | 5.1× |
| HCKT The Hackett Group, Inc. | 4.9× |
| VRRM VERRA MOBILITY CORP compare | 2.6× |
| III Information Services Group, Inc. compare | 2.6× |
| TSSI TSS Inc. compare | 2.4× |
| WYFI WhiteFiber, Inc. compare | 1.9× |
| CNDT Conduent Inc. compare | −0.1× |
| UIS Unisys Corporation compare | −0.4× |
| TTGT TechTarget, Inc. compare | −4.0× |
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