United-Guardian, Inc.
UG Consumer Defensive Household & Personal Products
United-Guardian, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.5 million, down 13.4% from fiscal 2024. In the quarter to June 2026, revenue grew 9.52%, EPS grew 14.3% and free cash flow grew 428.4%, each against the same quarter a year earlier.
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United-Guardian, Inc. (UG) Altman Z-score
United-Guardian, Inc.'s Altman Z-score for fiscal 2025 is 12.53, 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 | 12.53 | (5.08) |
| FY2024 | 17.61 | 0.93 |
| FY2023 | 16.69 | (8.83) |
| FY2022 | 25.52 | 2.15 |
| FY2021 | 23.37 | (6.02) |
| FY2020 | 29.39 | (6.60) |
| FY2019 | 35.99 | 0.09 |
| FY2018 | 35.91 | (3.58) |
| FY2017 | 39.49 | (5.10) |
| FY2016 | 44.59 | (7.63) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.80 | — | 0.96 | |
| Retained earnings / total assets | 0.82 | — | 1.15 | |
| EBIT / total assets | 0.17 | — | 0.56 | |
| Market value of equity / total liabilities | 15.08 | — | 9.05 | |
| Sales / total assets | 0.80 | — | 0.80 | |
| Altman Z-score | Safe zone | 12.53 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 15.38 | ||
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 |
|---|---|
| UG United-Guardian, Inc. | 12.5× |
| ATTT Atlas Trinity Tech Limited compare | 2.3× |
| SLSN Solesence, Inc. compare | 1.0× |
| TANH Tantech Holdings Ltd. compare | 0.9× |
| SKIN SkinHealth Systems Inc. compare | −0.4× |
| MLKMF Waldencast PLC compare | −1.0× |
| DSY Big Tree Cloud Holdings Limited compare | −8.8× |
| GROV Grove Collaborative Holdings, Inc. compare | −14.3× |
| BRSHF Bruush Oral Care 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