Solid Power, Inc.
SLDP Consumer Cyclical Auto Parts
Solid Power, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $21.7 million, up 7.98% from fiscal 2024. In the quarter to June 2026, revenue fell 103.6%, EPS grew 21.4% and free cash flow grew 15.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
Follow SLDP
Solid Power, Inc. (SLDP) Altman Z-score
Solid Power, Inc.'s Altman Z-score for fiscal 2025 is 11.10, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 11.10 | 6.76 |
| FY2024 | 4.34 | (0.54) |
| FY2023 | 4.88 | (2.18) |
| FY2022 | 7.07 | (2.40) |
| FY2021 | 9.46 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.55 | — | 0.66 | |
| Retained earnings / total assets | (0.60) | — | −0.85 | |
| EBIT / total assets | (0.22) | — | −0.73 | |
| Market value of equity / total liabilities | 19.95 | — | 11.97 | |
| Sales / total assets | 0.05 | — | 0.05 | |
| Altman Z-score | Safe zone | 11.10 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 11.24 | ||
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 |
|---|---|
| SLDP Solid Power, Inc. | 11.1× |
| MLR Miller Industries, Inc. compare | 4.3× |
| SES SES AI Corporation compare | 4.2× |
| SMP Standard Motor Products, Inc. compare | 2.2× |
| CPS Cooper-Standard Holdings Inc. compare | 1.6× |
| HLLY Holley Inc. compare | 1.5× |
| MNRO Monro Muffler Brake, Inc. compare | 1.4× |
| FOXF Fox Factory Holding Corp. compare | 0.9× |
| ECX ECARX Holdings, Inc. compare | −1.8× |
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