TOMI Environmental Solutions, Inc.
TOMZ Industrials Pollution & Treatment Controls
TOMI Environmental Solutions, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.6 million, down 27.2% from fiscal 2024. In the quarter to June 2026, revenue grew 117.9%, EPS grew 72.2%, free cash flow fell 531.5% and total debt rose 6.01%, each against the same quarter a year earlier.
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TOMI Environmental Solutions, Inc. (TOMZ) Altman Z-score
TOMI Environmental Solutions, Inc.'s Altman Z-score for fiscal 2025 is −10.93, 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 | −10.93 | (5.20) |
| FY2024 | −5.72 | (3.34) |
| FY2023 | −2.38 | (0.23) |
| FY2022 | −2.15 | (5.18) |
| FY2021 | 3.03 | (9.60) |
| FY2020 | 12.63 | 19.16 |
| FY2019 | −6.53 | (11.06) |
| FY2018 | 4.53 | 0.18 |
| FY2017 | 4.36 | (139.06) |
| FY2016 | 143.42 | (43.44) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.15 | — | 0.17 | |
| Retained earnings / total assets | (8.25) | — | −11.55 | |
| EBIT / total assets | (0.55) | — | −1.81 | |
| Market value of equity / total liabilities | 2.43 | — | 1.46 | |
| Sales / total assets | 0.80 | — | 0.80 | |
| Altman Z-score | Distress zone | −10.93 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −29.53 | ||
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 |
|---|---|
| CLWT Euro Tech Holdings Company Limited compare | 2.4× |
| FTEK Fuel Tech, Inc. compare | 1.3× |
| LIQT LiqTech International, Inc. compare | −4.3× |
| CLIR ClearSign Technologies Corporation compare | −5.5× |
| BCHT Birchtech Corp. compare | −7.4× |
| SCWO 374Water Inc. compare | −8.1× |
| DEVSF DevvStream Corp. compare | −8.6× |
| TOMZ TOMI Environmental Solutions, Inc. | −10.9× |
| RAIN Rain Enhancement Technologies Holdco, 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