United States Lime & Minerals, Inc.
USLM Basic Materials Building Materials
United States Lime & Minerals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $372.7 million, up 17.3% from fiscal 2024. In the quarter to June 2026, revenue grew 8.31%, EPS grew 11.1% and free cash flow was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
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United States Lime & Minerals, Inc. (USLM) Altman Z-score
United States Lime & Minerals, Inc.'s Altman Z-score for fiscal 2025 is 44.31, 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 | 44.31 | (9.22) |
| FY2024 | 53.53 | 33.73 |
| FY2023 | 19.80 | 6.53 |
| FY2022 | 13.27 | (1.20) |
| FY2021 | 14.47 | 0.94 |
| FY2020 | 13.53 | 0.54 |
| FY2019 | 12.98 | (0.75) |
| FY2018 | 13.73 | (0.38) |
| FY2017 | 14.11 | 2.84 |
| FY2016 | 11.27 | 2.21 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.63 | — | 0.76 | |
| Retained earnings / total assets | 0.94 | — | 1.32 | |
| EBIT / total assets | 0.23 | — | 0.76 | |
| Market value of equity / total liabilities | 68.19 | — | 40.91 | |
| Sales / total assets | 0.55 | — | 0.55 | |
| Altman Z-score | Safe zone | 44.31 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 21.96 | ||
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 |
|---|---|
| USLM United States Lime & Minerals, Inc. | 44.3× |
| TGLS Tecnoglass Holdings Inc. compare | 5.0× |
| TTAM Titan America SA compare | 4.3× |
| EXP Eagle Materials Inc compare | 3.4× |
| KNF Knife River Corporation compare | 2.9× |
| CPAC Cementos Pacasmayo S.A.A. compare | 2.2× |
| LOMA Loma Negra Compania Industrial Argentina S.A. Sponsored ADR compare | 2.1× |
| JHX James Hardie Industries PLC. compare | 1.6× |
| RMIX Suncrete, 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