NN, Inc.
NNBR Industrials Conglomerates
NN, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $422.2 million, down 9.06% from fiscal 2024. In the quarter to June 2026, revenue grew 19.3%, EPS grew 50.0%, free cash flow grew 466.9% and total debt rose 4.30%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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NN, Inc. (NNBR) Altman Z-score
NN, Inc.'s Altman Z-score for fiscal 2025 is −0.02, 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 | −0.02 | (0.37) |
| FY2024 | 0.35 | (0.26) |
| FY2023 | 0.61 | 0.07 |
| FY2022 | 0.54 | (0.32) |
| FY2021 | 0.86 | 0.41 |
| FY2020 | 0.44 | (0.08) |
| FY2019 | 0.52 | 0.42 |
| FY2018 | 0.10 | (1.35) |
| FY2017 | 1.45 | 0.46 |
| FY2016 | 0.99 | 0.32 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.17 | — | 0.20 | |
| Retained earnings / total assets | (0.83) | — | −1.17 | |
| EBIT / total assets | (0.04) | — | −0.14 | |
| Market value of equity / total liabilities | 0.21 | — | 0.13 | |
| Sales / total assets | 0.96 | — | 0.96 | |
| Altman Z-score | Distress zone | −0.02 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.38 | ||
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 |
|---|---|
| MAMK MaxsMaking Inc. compare | 7.4× |
| RCMT RCM Technologies, Inc. compare | 4.5× |
| TTI Tetra Technologies, Inc. compare | 3.1× |
| TRC Tejon Ranch Co compare | 2.2× |
| MATW Matthews International Corporation compare | 2.0× |
| BOC Boston Omaha Corporation compare | 1.5× |
| FIP FTAI Infrastructure Inc. compare | 0.0× |
| NNBR NN, Inc. | 0.0× |
| TMS Live Oak Acquisition Corp. V 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