Sigma Lithium Corporation
SGML Basic Materials Other Industrial Metals & Mining
Sigma Lithium Corporation’s revenue for fiscal 2025 (year ended December 2025) was $110.0 million, down 27.3% from fiscal 2024. In the quarter to June 2026, revenue grew 223.9%, EPS grew 88.2%, free cash flow grew 405.5% and total debt fell 11.4%, each against the same quarter a year earlier.
Follow SGML
Sigma Lithium Corporation (SGML) Altman Z-score
Sigma Lithium Corporation's Altman Z-score for fiscal 2025 is 1.88, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.88 | (0.68) |
| FY2024 | 2.56 | (7.15) |
| FY2023 | 9.71 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.51) | — | −0.62 | |
| Retained earnings / total assets | (0.94) | — | −1.32 | |
| EBIT / total assets | (0.08) | — | −0.27 | |
| Market value of equity / total liabilities | 6.19 | — | 3.72 | |
| Sales / total assets | 0.37 | — | 0.37 | |
| Altman Z-score | Grey zone | 1.88 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −6.75 | ||
Z and Z″ put Sigma Lithium Corporation in different zones: grey zone by Z, distress 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 |
|---|---|
| USAS Americas Gold and Silver Corporation compare | 2.3× |
| SGML Sigma Lithium Corporation | 1.9× |
| CMP Compass Minerals International, Inc. compare | 1.4× |
| LAR Lithium Americas (Argentina) Corp. compare | 1.1× |
| VZLA Vizsla Silver Corp. compare | — |
| CRML Critical Metals Corp. compare | — |
| TMC TMC the metals company Inc. compare | — |
| EMAT Evolution Metals & Technologies Corp. compare | — |
| LAC Lithium Americas Corp. 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