Ituran Location and Control Ltd.
ITRN Technology Scientific & Technical Instruments
Ituran Location and Control Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $359.0 million, up 6.77% from fiscal 2024. In the quarter to June 2026, revenue grew 20.7%, EPS grew 31.3% and free cash flow grew 50.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
Follow ITRN
Ituran Location and Control Ltd. (ITRN) Altman Z-score
Ituran Location and Control Ltd.'s Altman Z-score for fiscal 2025 is 6.06, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.06 | 0.21 |
| FY2024 | 5.85 | 0.58 |
| FY2023 | 5.27 | 0.67 |
| FY2022 | 4.60 | (0.01) |
| FY2021 | 4.61 | 1.39 |
| FY2020 | 3.21 | (0.13) |
| FY2019 | 3.34 | (0.54) |
| FY2018 | 3.88 | (4.32) |
| FY2017 | 8.21 | 0.49 |
| FY2016 | 7.72 | 0.15 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.35 | — | 0.41 | |
| Retained earnings / total assets | 0.63 | — | 0.89 | |
| EBIT / total assets | 0.20 | — | 0.66 | |
| Market value of equity / total liabilities | 5.29 | — | 3.17 | |
| Sales / total assets | 0.93 | — | 0.93 | |
| Altman Z-score | Safe zone | 6.06 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.13 | ||
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 |
|---|---|
| BMI Badger Meter, Inc. compare | 14.8× |
| NOVT Novanta Inc. compare | 6.6× |
| ITRN Ituran Location and Control Ltd. | 6.1× |
| VPG Vishay Precision Group, Inc. compare | 4.4× |
| VNT Vontier Corporation compare | 2.9× |
| ITRI Itron, Inc. compare | 2.5× |
| ST Sensata Technologies Holding N.V. compare | 2.1× |
| MLAB Mesa Laboratories, Inc. compare | 1.5× |
| USBC USBC, INC. compare | −0.9× |
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