stockrowManchester United Ltd.
MANU Communication Services Entertainment
Manchester United Ltd.’s revenue for fiscal 2026 (year ended June 2026) was $909.3 million, up 5.42% from fiscal 2025.
- Revenue
- −3.71%
- EPS
- −633.3%
- Free cash flow
- +47.3%
- Total debt
- +12.1%
Quarter to June 2026, against a year earlier
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Manchester United Ltd. (MANU) Altman Z-score
Manchester United Ltd.'s Altman Z-score for fiscal 2026 is 1.06, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.06 | 0.35 |
| FY2025 | 0.71 | (0.06) |
| FY2024 | 0.78 | (0.81) |
| FY2023 | 1.58 | 1.08 |
| FY2022 | 0.51 | (0.73) |
| FY2021 | 1.23 | (0.28) |
| FY2020 | 1.52 | (0.38) |
| FY2019 | 1.90 | (0.01) |
| FY2018 | 1.90 | (0.01) |
| FY2017 | 1.91 | 0.20 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.29) | — | −0.34 | |
| Retained earnings / total assets | (0.25) | — | −0.35 | |
| EBIT / total assets | 0.01 | — | 0.05 | |
| Market value of equity / total liabilities | 2.11 | — | 1.26 | |
| Sales / total assets | 0.44 | — | 0.44 | |
| Altman Z-score | Distress zone | 1.06 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.47 | ||
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 |
|---|---|
| MSGE Madison Square Garden Entertainment Corp. compare | 2.0× |
| CNK Cinemark Holdings Inc compare | 1.3× |
| BATRA Atlanta Braves Holdings, Inc. compare | 1.2× |
| SPHR Sphere Entertainment Co. compare | 1.1× |
| MANU Manchester United Ltd. | 1.1× |
| BATRK Atlanta Braves Holdings, Inc. compare | 0.9× |
| LION Lionsgate Studios Corp. compare | −0.5× |
| AMC AMC Entertainment Holdings, Inc. compare | −1.1× |
| VSNT Versant Media 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
More on MANU
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement