SBC Medical Group Holdings Incorporated
SBC Industrials Consulting Services
SBC Medical Group Holdings Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $173.6 million, down 15.5% from fiscal 2024. In the quarter to June 2026, revenue grew 13.4%, EPS grew 400.0%, free cash flow grew 396.1% and total debt rose 420.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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SBC Medical Group Holdings Incorporated (SBC) Altman Z-score
SBC Medical Group Holdings Incorporated's Altman Z-score for fiscal 2025 is 4.74, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.74 | (2.99) |
| FY2024 | 7.73 | (0.33) |
| FY2023 | 8.06 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.45 | — | 0.54 | |
| Retained earnings / total assets | 0.63 | — | 0.88 | |
| EBIT / total assets | 0.18 | — | 0.59 | |
| Market value of equity / total liabilities | 3.79 | — | 2.27 | |
| Sales / total assets | 0.46 | — | 0.46 | |
| Altman Z-score | Safe zone | 4.74 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.55 | ||
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 |
|---|---|
| ROMA Roma Green Finance Limited compare | 339× |
| EGG Enigmatig Limited compare | 41.9× |
| SBC SBC Medical Group Holdings Incorporated | 4.7× |
| CRAI Charles River Associates compare | 4.0× |
| HURN Huron Consulting Group Inc. compare | 3.9× |
| ICFI ICF International, Inc. compare | 2.8× |
| RGP Resources Connection, Inc. compare | 1.8× |
| FORR Forrester Research, Inc. compare | 0.5× |
| LAWR Robot Consulting Co., Ltd. compare | −0.1× |
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