Optical Cable Corporation
OCC Technology Communication Equipment
Optical Cable Corporation’s revenue for fiscal 2025 (year ended October 2025) was $73.0 million, up 9.55% from fiscal 2024. In the quarter to July 2026, revenue grew 22.0%, EPS grew 425.0%, free cash flow grew 156.4% and total debt rose 2.12%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Optical Cable Corporation (OCC) Altman Z-score
Optical Cable Corporation's Altman Z-score for fiscal 2025 is 3.84, 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 | 3.84 | 1.24 |
| FY2024 | 2.61 | (0.83) |
| FY2023 | 3.44 | (0.14) |
| FY2022 | 3.58 | 0.10 |
| FY2021 | 3.47 | 1.23 |
| FY2020 | 2.24 | (0.54) |
| FY2019 | 2.78 | (1.81) |
| FY2018 | 4.59 | 1.42 |
| FY2017 | 3.17 | (0.12) |
| FY2016 | 3.30 | 0.10 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.35 | — | 0.42 | |
| Retained earnings / total assets | 0.02 | — | 0.03 | |
| EBIT / total assets | (0.01) | — | −0.04 | |
| Market value of equity / total liabilities | 2.69 | — | 1.61 | |
| Sales / total assets | 1.82 | — | 1.82 | |
| Altman Z-score | Safe zone | 3.84 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.00 | ||
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 |
|---|---|
| BKTI BK TECHNOLOGIES, INC. compare | 11.5× |
| OCC Optical Cable Corporation | 3.8× |
| LTRX Lantronix, Inc. compare | 2.7× |
| AUDC AudioCodes Ltd. compare | 2.4× |
| AMPG AmpliTech Group, Inc. compare | 1.5× |
| CRNT Ceragon Networks Ltd. compare | 1.2× |
| AVNW Aviat Networks, Inc. compare | 0.4× |
| INSG Inseego compare | −10.5× |
| WATT Energous Corporation compare | −34.3× |
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