Oracle Corporation
ORCL Technology Software Infrastructure
Oracle Corporation’s revenue for fiscal 2026 (year ended May 2026) was $67.4 billion, up 17.3% from fiscal 2025. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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Oracle Corporation (ORCL) Altman Z-score
Oracle Corporation's Altman Z-score for fiscal 2026 is 2.29, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.29 | (0.09) |
| FY2025 | 2.38 | 0.48 |
| FY2024 | 1.90 | 0.22 |
| FY2023 | 1.68 | 0.21 |
| FY2022 | 1.46 | (0.41) |
| FY2021 | 1.88 | (0.08) |
| FY2020 | 1.95 | (0.36) |
| FY2019 | 2.31 | (0.25) |
| FY2018 | 2.56 | (0.15) |
| FY2017 | 2.72 | (0.37) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.02 | — | 0.02 | |
| Retained earnings / total assets | (0.02) | — | −0.02 | |
| EBIT / total assets | 0.08 | — | 0.26 | |
| Market value of equity / total liabilities | 2.95 | — | 1.77 | |
| Sales / total assets | 0.26 | — | 0.26 | |
| Altman Z-score | Grey zone | 2.29 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.80 | ||
Z and Z″ put Oracle Corporation in different zones: grey zone by Z, distress zone by Z″.
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 |
|---|---|
| PLTR Palantir Technologies Inc. compare | 180× |
| CRWD CrowdStrike compare | 10.6× |
| NET Cloudflare, Inc. compare | 9.4× |
| PANW Palo Alto Networks, Inc. compare | 7.4× |
| FTNT Fortinet, Inc. compare | 5.3× |
| SNPS Synopsys, Inc. compare | 2.8× |
| ORCL Oracle Corporation | 2.3× |
| NBIS Nebius Group N.V. compare | 2.1× |
| CRWV CoreWeave Inc. compare | 0.2× |
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 ORCL
- 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