Identiv, Inc.
INVE Industrials Building Products & Equipment
In the quarter to June 2026, revenue grew 12.7%, EPS grew 23.1% and free cash flow fell 32.6%, each against the same quarter a year earlier.
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Identiv, Inc. (INVE) Altman Z-score
Identiv, Inc.'s Altman Z-score for fiscal 2025 is 2.56, 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 | 2.56 | (0.85) |
| FY2024 | 3.40 | 4.96 |
| FY2023 | −1.55 | (1.26) |
| FY2022 | −0.29 | (12.30) |
| FY2021 | 12.01 | 16.12 |
| FY2020 | −4.10 | 0.74 |
| FY2019 | −4.85 | 1.34 |
| FY2018 | −6.18 | 2.32 |
| FY2017 | −8.51 | 3.68 |
| FY2016 | −12.19 | (2.10) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.88 | — | 1.06 | |
| Retained earnings / total assets | (2.37) | — | −3.31 | |
| EBIT / total assets | (0.15) | — | −0.48 | |
| Market value of equity / total liabilities | 8.59 | — | 5.15 | |
| Sales / total assets | 0.14 | — | 0.14 | |
| Altman Z-score | Grey zone | 2.56 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 10.97 | ||
Z and Z″ put Identiv, Inc. 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 |
|---|---|
| PPIH Perma-Pipe International Holdings, Inc. compare | 3.1× |
| JLHL Julong Holding Limited compare | 2.9× |
| INVE Identiv, Inc. | 2.6× |
| UUU Universal Safety Products, Inc. compare | 0.9× |
| JELD JELD-WEN Holding, Inc. compare | 0.8× |
| CSTE Caesarstone Ltd. compare | 0.5× |
| AEHL Antelope Enterprise Holdings L compare | −1.5× |
| ASPN Aspen Aerogels, Inc. compare | −4.7× |
| AIRJ AirJoule Technologies Corporation 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