Pro-Dex, Inc.
PDEX Healthcare Medical Instruments & Supplies
Pro-Dex, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $77.5 million, up 16.5% from fiscal 2025. In the quarter to June 2026, revenue grew 16.7%, EPS grew 143.2%, free cash flow fell 79.0% and total debt rose 43.5%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.
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Pro-Dex, Inc. (PDEX) Altman Z-score
Pro-Dex, Inc.'s Altman Z-score for fiscal 2026 is 7.38, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 7.38 | 0.74 |
| FY2025 | 6.63 | 1.99 |
| FY2024 | 4.65 | 0.20 |
| FY2023 | 4.44 | 0.78 |
| FY2022 | 3.66 | (2.07) |
| FY2021 | 5.73 | (0.63) |
| FY2020 | 6.36 | (0.06) |
| FY2019 | 6.42 | (2.27) |
| FY2018 | 8.69 | 0.79 |
| FY2017 | 7.91 | 0.24 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.54 | — | 0.65 | |
| Retained earnings / total assets | 0.64 | — | 0.90 | |
| EBIT / total assets | 0.17 | — | 0.58 | |
| Market value of equity / total liabilities | 7.03 | — | 4.22 | |
| Sales / total assets | 1.04 | — | 1.04 | |
| Altman Z-score | Safe zone | 7.38 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.66 | ||
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 |
|---|---|
| UTMD Utah Medical Products, Inc. compare | 36.3× |
| KRMD KORU Medical Systems, Inc. compare | 14.5× |
| PDEX Pro-Dex, Inc. | 7.4× |
| ZJYL Jin Medical International Ltd. compare | 3.7× |
| SMTI Sanara MedTech Inc. compare | 2.3× |
| EMBC Embecta Corp. compare | 1.8× |
| OSUR OraSure Technologies, Inc. compare | 1.5× |
| NYXH Nyxoah SA compare | −4.4× |
| STXS Stereotaxis Inc. compare | −12.4× |
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