KLX Energy Services Holdings, Inc.
KLXE Energy Oil & Gas Equipment & Services
KLX Energy Services Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $636.6 million, down 10.2% from fiscal 2024. In the quarter to June 2026, revenue grew 5.22%, EPS grew 60.6%, free cash flow fell 48.8% and total debt rose 13.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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KLX Energy Services Holdings, Inc. (KLXE) Altman Z-score
KLX Energy Services Holdings, Inc.'s Altman Z-score for fiscal 2025 is −0.92, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −0.92 | (0.98) |
| FY2024 | 0.06 | (1.10) |
| FY2023 | 1.16 | 0.34 |
| FY2022 | 0.82 | (0.03) |
| FY2022 | 0.85 | 2.00 |
| FY2021 | −1.15 | 2.16 |
| FY2021 | −3.31 | (1.37) |
| FY2021 | −1.93 | (2.67) |
| FY2020 | 0.74 | (0.20) |
| FY2020 | 0.93 | (1.25) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.07 | — | 0.08 | |
| Retained earnings / total assets | (1.88) | — | −2.63 | |
| EBIT / total assets | (0.09) | — | −0.29 | |
| Market value of equity / total liabilities | 0.09 | — | 0.05 | |
| Sales / total assets | 1.87 | — | 1.87 | |
| Altman Z-score | Distress zone | −0.92 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −6.46 | ||
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 |
|---|---|
| GEOS Geospace Technologies Corporation compare | 6.7× |
| OMSE OMS Energy Technologies Inc. compare | 5.2× |
| LSE Leishen Energy Holding Co., Ltd. compare | 4.3× |
| RNGR Ranger Energy Services, Inc. compare | 3.3× |
| SND Smart Sand compare | 2.3× |
| NGS Natural Gas Services Group, Inc. compare | 1.8× |
| DTI Drilling Tools International Corp. compare | 1.5× |
| KLXE KLX Energy Services Holdings, Inc. | −0.9× |
| DWSN Dawson Geophysical Company compare | −1.6× |
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