stockrowStoneCo Ltd.
STNE Technology Software Infrastructure
StoneCo Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 3.13% from fiscal 2024.
- Revenue
- +14.9%
- EPS
- −2.63%
- Free cash flow
- +2,108.8%
- Total debt
- +30.7%
Quarter to June 2026, against a year earlier
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StoneCo Ltd. (STNE) Altman Z-score
StoneCo Ltd.'s Altman Z-score for fiscal 2025 is 1.21, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.21 | 0.36 |
| FY2024 | 0.85 | (0.53) |
| FY2023 | 1.38 | 0.39 |
| FY2022 | 0.99 | (0.01) |
| FY2021 | 1.00 | (4.40) |
| FY2020 | 5.40 | 2.66 |
| FY2019 | 2.74 | 0.73 |
| FY2018 | 2.00 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.24 | — | 0.29 | |
| Retained earnings / total assets | 0.03 | — | 0.04 | |
| EBIT / total assets | 0.12 | — | 0.39 | |
| Market value of equity / total liabilities | 0.43 | — | 0.26 | |
| Sales / total assets | 0.23 | — | 0.23 | |
| Altman Z-score | Distress zone | 1.21 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.72 | ||
Z and Z″ put StoneCo Ltd. in different zones: distress 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 |
|---|---|
| GCT GigaCloud Technology Inc. compare | 3.5× |
| ATEN A10 Networks, Inc. compare | 3.2× |
| NYAX Nayax Ltd. compare | 2.9× |
| EVTC Evertec, Inc. compare | 2.0× |
| MQ Marqeta, Inc. compare | 1.7× |
| STNE StoneCo Ltd. | 1.2× |
| PRGS Progress Software Corporation compare | 1.0× |
| AI C3.ai, Inc. compare | 0.6× |
| INFQ Infleqtion, Inc. 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