Navitas Semiconductor Corporation
NVTS Technology Semiconductors
Navitas Semiconductor Corporation’s revenue for fiscal 2025 (year ended December 2025) was $45.9 million, down 44.9% from fiscal 2024.
- Revenue
- +38.4%
- EPS
- −57.7%
- Free cash flow
- −79.9%
- Total debt
- −62.3%
Quarter to September 2026, against a year earlier
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Navitas Semiconductor Corporation (NVTS) Altman Z-score
Navitas Semiconductor Corporation's Altman Z-score for fiscal 2025 is 13.98, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 13.98 | 6.63 |
| FY2024 | 7.35 | 0.67 |
| FY2023 | 6.68 | 0.77 |
| FY2022 | 5.91 | 4.81 |
| FY2021 | 1.11 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.42 | — | 0.50 | |
| Retained earnings / total assets | (1.00) | — | −1.40 | |
| EBIT / total assets | (0.22) | — | −0.71 | |
| Market value of equity / total liabilities | 25.84 | — | 15.50 | |
| Sales / total assets | 0.09 | — | 0.09 | |
| Altman Z-score | Safe zone | 13.98 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.21 | ||
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 |
|---|---|
| POWI Power Integrations, Inc. compare | 14.5× |
| NVTS Navitas Semiconductor Corporation | 14.0× |
| LASR nLight compare | 12.4× |
| DIOD Diodes Incorporated compare | 4.8× |
| SYNA Synaptics Incorporated compare | 3.5× |
| HIMX Himax Technologies, Inc. compare | 2.4× |
| IMOS Chipmos Technologies compare | 2.3× |
| VSH Vishay Intertechnology, Inc. compare | 1.9× |
| WOLF Wolfspeed, 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 NVTS
- 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