ReTo Eco-Solutions, Inc.
RETO Basic Materials Building Materials
ReTo Eco-Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.4 million, up 84.3% from fiscal 2024.
Follow RETO
ReTo Eco-Solutions, Inc. (RETO) Altman Z-score
ReTo Eco-Solutions, Inc.'s Altman Z-score for fiscal 2025 is −3.45, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −3.45 | (20.30) |
| FY2024 | 16.85 | 19.87 |
| FY2023 | −3.02 | (96.53) |
| FY2022 | 93.51 | (217.95) |
| FY2021 | 311.46 | 248.50 |
| FY2020 | 62.97 | (7.54) |
| FY2019 | 70.51 | (49.39) |
| FY2018 | 119.90 | (454.65) |
| FY2017 | 574.55 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.16) | — | −0.19 | |
| Retained earnings / total assets | (2.64) | — | −3.70 | |
| EBIT / total assets | (0.37) | — | −1.21 | |
| Market value of equity / total liabilities | 2.57 | — | 1.54 | |
| Sales / total assets | 0.11 | — | 0.11 | |
| Altman Z-score | Distress zone | −3.45 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −8.47 | ||
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 |
|---|---|
| SMID Smith-Midland Corp. compare | 6.4× |
| TGLS Tecnoglass Holdings Inc. compare | 5.0× |
| TTAM Titan America SA compare | 4.3× |
| CPAC Cementos Pacasmayo S.A.A. compare | 2.2× |
| LOMA Loma Negra Compania Industrial Argentina S.A. Sponsored ADR compare | 2.1× |
| RETO ReTo Eco-Solutions, Inc. | −3.5× |
| CAPS Capstone Therapeutics Corp. compare | −5.7× |
| CPTAF Captivision Inc. compare | −11.9× |
| RMIX Suncrete, Inc. compare | — |
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