PAMT Corp.
PAMT Industrials Trucking
PAMT Corp.’s revenue for fiscal 2025 (year ended December 2025) was $598.1 million, down 16.3% from fiscal 2024. In the quarter to June 2026, revenue grew 8.94%, EPS grew 21.7%, free cash flow fell 109.5% and total debt was flat, each against the same quarter a year earlier.
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PAMT Corp. (PAMT) Altman Z-score
PAMT Corp.'s Altman Z-score for fiscal 2025 is 1.32, 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 | 1.32 | (0.57) |
| FY2024 | 1.89 | (0.63) |
| FY2023 | 2.51 | (0.78) |
| FY2022 | 3.29 | (0.67) |
| FY2021 | 3.97 | 2.01 |
| FY2020 | 1.96 | (0.25) |
| FY2019 | 2.21 | (0.27) |
| FY2018 | 2.48 | 0.19 |
| FY2017 | 2.29 | 0.08 |
| FY2016 | 2.21 | (0.25) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.05 | — | 0.05 | |
| Retained earnings / total assets | 0.28 | — | 0.40 | |
| EBIT / total assets | (0.09) | — | −0.30 | |
| Market value of equity / total liabilities | 0.53 | — | 0.32 | |
| Sales / total assets | 0.86 | — | 0.86 | |
| Altman Z-score | Distress zone | 1.32 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 1.06 | ||
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 |
|---|---|
| ETS Elite Express Holding Inc. compare | 9.5× |
| MRTN Marten Transport, Ltd. compare | 5.2× |
| ARCB ArcBest Corporation compare | 3.5× |
| WERN Werner Enterprises, Inc. compare | 2.8× |
| HTLD Heartland Express, Inc. compare | 2.6× |
| CVLG Covenant Logistics Group, Inc. compare | 2.1× |
| ULH Universal Logistics Holdings, Inc. compare | 1.4× |
| PAMT PAMT Corp. | 1.3× |
| TSPH CreateAI Holdings Inc. compare | −0.7× |
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