Quanome Technologies, Inc.
QNME Industrials Integrated Freight & Logistics
In the quarter to June 2026, revenue fell 58.7%, EPS fell 81.7%, free cash flow fell 174.5% and total debt fell 88.7%, each against the same quarter a year earlier.
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Quanome Technologies, Inc. (QNME) Altman Z-score
Quanome Technologies, Inc.'s Altman Z-score for fiscal 2026 is −2.05, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | −2.05 | (1.77) |
| FY2025 | −0.28 | (3.46) |
| FY2024 | 3.18 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.56 | — | 0.67 | |
| Retained earnings / total assets | (1.27) | — | −1.78 | |
| EBIT / total assets | (0.87) | — | −2.89 | |
| Market value of equity / total liabilities | 2.40 | — | 1.44 | |
| Sales / total assets | 0.50 | — | 0.50 | |
| Altman Z-score | Distress zone | −2.05 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −4.76 | ||
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 |
|---|---|
| SLGB Smart Logistics Global Limited compare | 7.4× |
| ELOG Eastern International Ltd. compare | 2.2× |
| SFWL Shengfeng Development Limited compare | 2.2× |
| JYD Jayud Global Logistics Limited compare | 1.8× |
| BTOC Armlogi Holding Corp. compare | 1.6× |
| ATXG Addentax Group Corp. compare | 0.3× |
| CRGO Freightos Limited compare | −1.7× |
| QNME Quanome Technologies, Inc. | −2.0× |
| CJMB Callan JMB Inc. compare | −4.3× |
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