Sypris Solutions, Inc.
SYPR Consumer Cyclical Auto Parts
Sypris Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $119.9 million, down 14.5% from fiscal 2024. In the quarter to June 2026, revenue fell 3.45%, EPS fell 55.6%, free cash flow grew 61.4% and total debt rose 37.7%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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Sypris Solutions, Inc. (SYPR) Altman Z-score
Sypris Solutions, Inc.'s Altman Z-score for fiscal 2025 is −0.16, 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 | −0.16 | (0.44) |
| FY2024 | 0.29 | 0.06 |
| FY2023 | 0.22 | 0.11 |
| FY2022 | 0.11 | (0.07) |
| FY2021 | 0.18 | 0.71 |
| FY2020 | −0.53 | 0.44 |
| FY2019 | −0.97 | (0.08) |
| FY2018 | −0.89 | 0.30 |
| FY2017 | −1.19 | 0.03 |
| FY2016 | −1.22 | (0.23) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.16 | — | 0.20 | |
| Retained earnings / total assets | (1.16) | — | −1.62 | |
| EBIT / total assets | (0.06) | — | −0.20 | |
| Market value of equity / total liabilities | 0.60 | — | 0.36 | |
| Sales / total assets | 1.11 | — | 1.11 | |
| Altman Z-score | Distress zone | −0.16 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.92 | ||
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 |
|---|---|
| SRI Stoneridge, Inc. compare | 2.2× |
| GTEC Greenland Technologies Holding Corporation compare | 2.1× |
| CVGI Commercial Vehicle Group, Inc. compare | 1.9× |
| CAAS China Automotive Systems, Inc. compare | 1.8× |
| PRTS CarParts.com, Inc. compare | 0.5× |
| SYPR Sypris Solutions, Inc. | −0.2× |
| MKDW MKDWELL Tech Inc. compare | −0.6× |
| INVZ Innoviz Technologies Ltd. compare | −7.1× |
| WPRT Westport Fuel Systems Inc. compare | −16.8× |
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