The Joint Corp.
JYNT Healthcare Medical Care Facilities
In the quarter to June 2026, revenue grew 14.4%, EPS grew 400.0% and free cash flow grew 432.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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The Joint Corp. (JYNT) Altman Z-score
The Joint Corp.'s Altman Z-score for fiscal 2025 is 2.39, 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 | 2.39 | 0.41 |
| FY2024 | 1.98 | 0.27 |
| FY2023 | 1.70 | (1.15) |
| FY2022 | 2.85 | (8.11) |
| FY2021 | 10.97 | 5.17 |
| FY2020 | 5.79 | 1.99 |
| FY2019 | 3.80 | 1.40 |
| FY2018 | 2.41 | 2.02 |
| FY2017 | 0.39 | 2.48 |
| FY2016 | −2.10 | (4.26) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.32 | — | 0.38 | |
| Retained earnings / total assets | (0.41) | — | −0.57 | |
| EBIT / total assets | (0.01) | — | −0.05 | |
| Market value of equity / total liabilities | 2.88 | — | 1.73 | |
| Sales / total assets | 0.90 | — | 0.90 | |
| Altman Z-score | Grey zone | 2.39 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.99 | ||
Z and Z″ put The Joint Corp. in different zones: grey zone by Z, distress 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 |
|---|---|
| SRTA Strata Critical Medical, Inc. compare | 5.3× |
| BTMD biote Corp. compare | 2.6× |
| JYNT The Joint Corp. | 2.4× |
| AUNA Auna S.A. compare | 1.0× |
| AIRS AirSculpt Technologies, Inc. compare | 0.9× |
| CCEL Cryo-Cell International Inc. compare | −0.2× |
| PIII P3 Health Partners Inc. compare | −1.3× |
| DCGO DocGo Inc. compare | −1.4× |
| PARK Park Dental Partners, Inc. 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