Sportradar Group AG

SRAD Technology Software Application

Sportradar Group AG’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 21.9% from fiscal 2024.

Revenue
+22.2%
EPS
+29.8%
Free cash flow
+5.40%
Total debt
−7.01%

Quarter to September 2026, against a year earlier

13.39 0.78 −5.50%
Market cap
$4.4B
P/E
112×
Fwd P/E
46.8×
Dividend yield
—
F-score
6/9
Altman Z
2.26
Beneish M
−2.75
Dividend safety
n/a

Sportradar Group AG (SRAD) Altman Z-score

Alert me on Altman Z-score

Sportradar Group AG's Altman Z-score for fiscal 2025 is 2.26, 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 2.26 (0.14)
FY2024 2.40 0.90
FY2023 1.50 (1.14)
FY2022 2.64 0.14
FY2021 2.50 —

How fiscal 2025’s score is made up

Component This year Year before Result Points
Working capital / total assets 0.03 — 0.04
Retained earnings / total assets 0.12 — 0.17
EBIT / total assets 0.04 — 0.15
Market value of equity / total liabilities 2.43 — 1.46
Sales / total assets 0.45 — 0.45
Altman Z-score Grey zone 2.26
Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) Grey zone 1.44

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 zoneabove 2.99above 2.60
Grey zone1.81–2.991.10–2.60
Distress zonebelow 1.81below 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

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

The full definition of Altman Z-score →

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