Hurco Companies, Inc.
HURC Industrials Specialty Industrial Machinery
Hurco Companies, Inc.’s revenue for fiscal 2025 (year ended October 2025) was $178.6 million, down 4.30% from fiscal 2024. In the quarter to July 2026, revenue grew 3.24%, EPS grew 160.3% and free cash flow grew 65.4%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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Hurco Companies, Inc. (HURC) Altman Z-score
Hurco Companies, Inc.'s Altman Z-score for fiscal 2025 is 3.17, 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 | 3.17 | (0.40) |
| FY2024 | 3.57 | (0.09) |
| FY2023 | 3.67 | 0.03 |
| FY2022 | 3.64 | (0.02) |
| FY2021 | 3.66 | (0.29) |
| FY2020 | 3.95 | (1.16) |
| FY2019 | 5.11 | 0.55 |
| FY2018 | 4.56 | (0.45) |
| FY2017 | 5.01 | 0.78 |
| FY2016 | 4.24 | 0.18 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.65 | — | 0.79 | |
| Retained earnings / total assets | 0.55 | — | 0.77 | |
| EBIT / total assets | (0.04) | — | −0.13 | |
| Market value of equity / total liabilities | 1.77 | — | 1.06 | |
| Sales / total assets | 0.68 | — | 0.68 | |
| Altman Z-score | Safe zone | 3.17 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 9.02 | ||
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 |
|---|---|
| TAYD Taylor Devices, Inc. compare | 22.8× |
| SERV Serve Robotics Inc. compare | 21.8× |
| OFLX Omega Flex, Inc. compare | 11.7× |
| HUHU HUHUTECH International Group Inc. compare | 7.1× |
| ZJK ZJK Industrial Co., Ltd. compare | 4.2× |
| HURC Hurco Companies, Inc. | 3.2× |
| NPWR NET Power Inc. compare | 0.2× |
| BWEN Broadwind Energy, Inc. compare | −1.3× |
| SHMD SCHMID Group N.V. 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