Westport Fuel Systems Inc.
WPRT Consumer Cyclical Auto Parts
In the quarter to June 2026, revenue fell 78.3%, EPS grew 67.7%, free cash flow fell 1.61% and total debt fell 80.1%, each against the same quarter a year earlier.
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Westport Fuel Systems Inc. (WPRT) Altman Z-score
Westport Fuel Systems Inc.'s Altman Z-score for fiscal 2025 is −16.76, 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 | −16.76 | (11.78) |
| FY2024 | −4.98 | (1.92) |
| FY2023 | −3.06 | (0.74) |
| FY2022 | −2.32 | (1.27) |
| FY2021 | −1.05 | 0.44 |
| FY2020 | −1.49 | 1.46 |
| FY2019 | −2.94 | 0.88 |
| FY2018 | −3.83 | (1.24) |
| FY2017 | −2.59 | 1.60 |
| FY2016 | −4.19 | 1.76 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.21 | — | 0.26 | |
| Retained earnings / total assets | (12.32) | — | −17.24 | |
| EBIT / total assets | (0.20) | — | −0.67 | |
| Market value of equity / total liabilities | 1.08 | — | 0.65 | |
| Sales / total assets | 0.25 | — | 0.25 | |
| Altman Z-score | Distress zone | −16.76 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −37.25 | ||
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 |
|---|---|
| GTEC Greenland Technologies Holding Corporation compare | 2.1× |
| CVGI Commercial Vehicle Group, Inc. compare | 1.9× |
| CAAS China Automotive Systems, Inc. compare | 1.8× |
| INEO INNEOVA Holdings Limited compare | 1.7× |
| PRTS CarParts.com, Inc. compare | 0.5× |
| SYPR Sypris Solutions, Inc. compare | −0.2× |
| MKDW MKDWELL Tech Inc. compare | −0.6× |
| INVZ Innoviz Technologies Ltd. compare | −7.1× |
| WPRT Westport Fuel Systems Inc. | −16.8× |
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