PYXUS INTERNATIONAL, INC.
PYXUS INTERNATIONAL, INC.’s revenue for fiscal 2026 (year ended March 2026) was $2.4 billion, down 2.75% from fiscal 2025. In the quarter to June 2026, revenue fell 14.0%, EPS grew 54.8%, free cash flow grew 27.2% and total debt was flat, each against the same quarter a year earlier.
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PYXUS INTERNATIONAL, INC. (PYYX) Altman Z-score
PYXUS INTERNATIONAL, INC.'s Altman Z-score for fiscal 2026 is 1.86, 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 | 1.86 | (0.25) |
| FY2025 | 2.12 | 0.51 |
| FY2024 | 1.61 | 0.03 |
| FY2023 | 1.57 | 0.33 |
| FY2022 | 1.24 | 0.17 |
| FY2021 | 1.07 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.28 | |
| Retained earnings / total assets | (0.13) | — | −0.19 | |
| EBIT / total assets | 0.10 | — | 0.32 | |
| Market value of equity / total liabilities | 0.05 | — | 0.03 | |
| Sales / total assets | 1.42 | — | 1.42 | |
| Altman Z-score | Grey zone | 1.86 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.88 | ||
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.
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