TAT Technologies Ltd.
TATT Industrials Aerospace & Defense
TAT Technologies Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $178.0 million, up 17.0% from fiscal 2024. In the quarter to June 2026, revenue grew 22.8%, EPS grew 106.7%, free cash flow fell 146.7% and total debt fell 9.81%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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TAT Technologies Ltd. (TATT) Altman Z-score
TAT Technologies Ltd.'s Altman Z-score for fiscal 2025 is 8.44, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 8.44 | 3.39 |
| FY2024 | 5.05 | 2.56 |
| FY2023 | 2.49 | 0.79 |
| FY2022 | 1.71 | (0.50) |
| FY2021 | 2.21 | 0.28 |
| FY2020 | 1.93 | (0.80) |
| FY2019 | 2.73 | (0.69) |
| FY2018 | 3.42 | (1.07) |
| FY2017 | 4.49 | 0.52 |
| FY2016 | 3.97 | (0.24) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.58 | — | 0.70 | |
| Retained earnings / total assets | 0.18 | — | 0.25 | |
| EBIT / total assets | 0.08 | — | 0.27 | |
| Market value of equity / total liabilities | 10.71 | — | 6.43 | |
| Sales / total assets | 0.79 | — | 0.79 | |
| Altman Z-score | Safe zone | 8.44 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 8.66 | ||
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 |
|---|---|
| PKE Park Aerospace Corp. compare | 27.0× |
| RGR Sturm, Ruger & Company, Inc. compare | 9.2× |
| TATT TAT Technologies Ltd. | 8.4× |
| SWBI Smith & Wesson Brands, Inc. compare | 5.7× |
| IA Innovative Solutions and Support, Inc. compare | 5.6× |
| POWW Outdoor Holding Company compare | 3.6× |
| SATL Satellogic Inc. compare | −2.2× |
| SPCE Virgin Galactic Holdings, Inc. compare | −5.5× |
| EVEX Eve Holding, 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