Kohl's Corporation
KSS Consumer Cyclical Department Stores
Kohl's Corporation’s revenue for fiscal 2026 (year ended January 2026) was $15.5 billion, down 4.28% from fiscal 2025. In the quarter to July 2026, revenue was flat, EPS fell 2.19%, free cash flow fell 7.02% and total debt fell 9.59%, each against the same quarter a year earlier.
Follow KSS
Kohl's Corporation (KSS) Altman Z-score
Kohl's Corporation's Altman Z-score for fiscal 2026 is 1.67, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.67 | 0.16 |
| FY2025 | 1.52 | (0.43) |
| FY2024 | 1.95 | (1.01) |
| FY2023 | 2.96 | (0.67) |
| FY2022 | 3.63 | 0.79 |
| FY2021 | 2.83 | (0.71) |
| FY2020 | 3.54 | (1.12) |
| FY2019 | 4.66 | 0.40 |
| FY2018 | 4.26 | 0.53 |
| FY2017 | 3.74 | (0.24) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.10 | |
| Retained earnings / total assets | 0.09 | — | 0.13 | |
| EBIT / total assets | 0.05 | — | 0.15 | |
| Market value of equity / total liabilities | 0.21 | — | 0.13 | |
| Sales / total assets | 1.16 | — | 1.16 | |
| Altman Z-score | Distress zone | 1.67 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.64 | ||
Z and Z″ put Kohl's Corporation in different zones: distress zone by Z, grey 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 |
|---|---|
| PLBL Polibeli Group Ltd. compare | 35.2× |
| DDS Dillard's, Inc. compare | 8.9× |
| M Macy's, Inc. compare | 2.6× |
| KSS Kohl's Corporation | 1.7× |
| CBDBY Companhia Brasileira de Distribuicao compare | 0.9× |
| EXTOY Almacenes Exito S.A. Sponsored ADR 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