stockrowVersamet Royalties Corporation
VMET Basic Materials Other Precious Metals & Mining
Versamet Royalties Corporation’s revenue for fiscal 2025 (year ended December 2025) was $34.8 million, up 189.1% from fiscal 2024.
- Revenue
- +391.9%
- EPS
- +2,677.8%
- Free cash flow
- +778.6%
- Total debt
- +607.5%
Quarter to June 2026, against a year earlier
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Versamet Royalties Corporation (VMET) Altman Z-score
Versamet Royalties Corporation's Altman Z-score for fiscal 2025 is 3.07, 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 | 3.07 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.02) | — | −0.02 | |
| Retained earnings / total assets | 0.03 | — | 0.04 | |
| EBIT / total assets | 0.09 | — | 0.31 | |
| Market value of equity / total liabilities | 4.44 | — | 2.66 | |
| Sales / total assets | 0.08 | — | 0.08 | |
| Altman Z-score | Safe zone | 3.07 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.92 | ||
Z and Z″ put Versamet Royalties Corporation in different zones: safe zone by Z, grey zone by Z″.
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 |
|---|---|
| MTA Metalla Royalty & Streaming Ltd. compare | 22.3× |
| ASM Avino Silver compare | 13.3× |
| VOXR Vox Royalty Corp. compare | 9.6× |
| ITRG Integra Resources Corp. compare | 4.4× |
| VMET Versamet Royalties Corporation | 3.1× |
| MUX McEwen Inc. compare | 0.3× |
| SLSR Solaris Resources Inc. compare | — |
| SIND Sinda Ltd. compare | — |
| PPTA Perpetua Resources Corp. 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