SIFCO Industries, Inc.
SIF Industrials Aerospace & Defense
SIFCO Industries, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $84.8 million, up 6.51% from fiscal 2024. In the quarter to June 2026, revenue grew 18.3%, EPS fell 101.2%, free cash flow fell 792.3% and total debt fell 27.1%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three.
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SIFCO Industries, Inc. (SIF) Altman Z-score
SIFCO Industries, Inc.'s Altman Z-score for fiscal 2025 is 2.40, 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) |
|---|---|---|
| FY2025 | 2.40 | 1.33 |
| FY2024 | 1.07 | 0.14 |
| FY2023 | 0.93 | (0.18) |
| FY2022 | 1.11 | (0.89) |
| FY2021 | 2.01 | 0.03 |
| FY2020 | 1.97 | 0.38 |
| FY2019 | 1.60 | (0.12) |
| FY2018 | 1.71 | 0.02 |
| FY2017 | 1.69 | (0.08) |
| FY2016 | 1.77 | (0.17) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.18 | — | 0.21 | |
| Retained earnings / total assets | 0.23 | — | 0.33 | |
| EBIT / total assets | 0.00 | — | 0.01 | |
| Market value of equity / total liabilities | 1.17 | — | 0.70 | |
| Sales / total assets | 1.16 | — | 1.16 | |
| Altman Z-score | Grey zone | 2.40 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.99 | ||
Z and Z″ put SIFCO Industries, Inc. 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 |
|---|---|
| SPAI Safe Pro Group Inc. compare | 26.7× |
| BYRN Byrna Technologies Inc. compare | 15.0× |
| CODA Coda Octopus Group Inc. compare | 12.2× |
| AIRO AIRO Group Holdings, Inc. compare | 3.1× |
| EH EHang Holdings Limited Unsponsored ADR compare | 3.0× |
| SIF SIFCO Industries, Inc. | 2.4× |
| SIDU Sidus Space, Inc. compare | 0.4× |
| MRLN Merlin Inc compare | — |
| HOVR New Horizon Aircraft Ltd. 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