Mama's Creations, Inc.
MAMA Consumer Defensive Packaged Foods
Mama's Creations, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $171.7 million, up 39.2% from fiscal 2025. In the quarter to July 2026, revenue grew 55.1%, EPS grew 100.0%, free cash flow grew 373.4% and total debt rose 82.1%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.
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Mama's Creations, Inc. (MAMA) Altman Z-score
Mama's Creations, Inc.'s Altman Z-score for fiscal 2026 is 13.36, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 13.36 | 2.47 |
| FY2025 | 10.89 | 4.15 |
| FY2024 | 6.74 | 2.09 |
| FY2023 | 4.65 | 1.65 |
| FY2022 | 3.00 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.28 | — | 0.34 | |
| Retained earnings / total assets | 0.06 | — | 0.09 | |
| EBIT / total assets | 0.08 | — | 0.27 | |
| Market value of equity / total liabilities | 17.76 | — | 10.66 | |
| Sales / total assets | 2.00 | — | 2.00 | |
| Altman Z-score | Safe zone | 13.36 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.30 | ||
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 |
|---|---|
| LWAY Lifeway Foods, Inc. compare | 15.1× |
| MAMA Mama's Creations, Inc. | 13.4× |
| BRBR BellRing Brands Inc. compare | 6.6× |
| JBSS John B. Sanfilippo & Son, Inc. compare | 5.2× |
| SMPL The Simply Good Foods Company compare | 4.3× |
| WEST Westrock Coffee Company compare | 0.4× |
| OTLY Oatly Group AB Sponsored ADR compare | −1.9× |
| PRE Prenetics Global Limited compare | — |
| ENHA Enhanced Group 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