Scholastic Corporation
SCHL Communication Services Publishing
Scholastic Corporation’s revenue for fiscal 2026 (year ended May 2026) was $1.6 billion, down 2.68% from fiscal 2025. In the quarter to August 2026, revenue fell 3.90%, EPS fell 33.2%, free cash flow fell 18.4% and total debt fell 30.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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Scholastic Corporation (SCHL) Altman Z-score
Scholastic Corporation's Altman Z-score for fiscal 2026 is 2.47, 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 | 2.47 | 0.54 |
| FY2025 | 1.92 | (1.00) |
| FY2024 | 2.93 | (0.37) |
| FY2023 | 3.29 | 0.27 |
| FY2022 | 3.02 | 0.74 |
| FY2021 | 2.29 | 0.02 |
| FY2020 | 2.27 | (0.83) |
| FY2019 | 3.10 | (0.92) |
| FY2018 | 4.02 | (0.36) |
| FY2017 | 4.38 | 0.24 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.08 | — | 0.09 | |
| Retained earnings / total assets | 0.60 | — | 0.84 | |
| EBIT / total assets | 0.01 | — | 0.03 | |
| Market value of equity / total liabilities | 0.98 | — | 0.59 | |
| Sales / total assets | 0.92 | — | 0.92 | |
| Altman Z-score | Grey zone | 2.47 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.34 | ||
Z and Z″ put Scholastic Corporation in different zones: grey zone by Z, safe zone by Z″.
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 |
|---|---|
| NYT The New York Times Company compare | 9.9× |
| PSO Pearson, PLC compare | 2.7× |
| WLYB John Wiley & Sons, Inc. compare | 2.5× |
| WLY John Wiley & Sons, Inc. compare | 2.5× |
| SCHL Scholastic Corporation | 2.5× |
| EDUC Educational Development Corporation compare | 1.9× |
| TDAY USA TODAY Co., Inc. compare | 0.8× |
| LEE Lee Enterprises, Incorporated compare | 0.1× |
| TNMG TNL Mediagene compare | −7.3× |
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