Altman Z-Score: what 2773 US filers actually report
Half of the 2773 companies with a filed altman z-score sit at 2.37 or below. The bottom quarter is at 0.41 or below, the top quarter starts at 5.02, and the top tenth at 10.28.
Measured 2026-09-07 from accounts filed with the SEC, 0 days ago, one row per company. The cohort is rebuilt nightly and is flagged stale after 35 days. 3441 of the 5257 listings in the current pool hold this figure at all.
| Cohort | Companies | p5 | p10 | p25 | p50 | p75 | p90 | p95 |
|---|---|---|---|---|---|---|---|---|
| Every filer | 2773 | -12.12 | -5.49 | 0.41 | 2.37 | 5.02 | 10.28 | 18.79 |
| Healthcare | 658 | -29.19 | -15.22 | -4.71 | 1.44 | 5.34 | 14.92 | 29.34 |
| Technology | 572 | -10.03 | -5.04 | 0.75 | 3.15 | 7.15 | 16.60 | 31.92 |
| Industrials | 481 | -6.54 | -1.66 | 1.38 | 3.04 | 5.41 | 9.01 | 12.21 |
| Consumer Cyclical | 345 | -4.68 | -0.88 | 1.20 | 2.26 | 3.62 | 6.67 | 9.21 |
| Consumer Defensive | 163 | -6.72 | -2.04 | 0.97 | 3.02 | 4.66 | 6.85 | 12.22 |
| Energy | 163 | -3.24 | -0.62 | 0.79 | 1.86 | 3.06 | 5.00 | 7.64 |
| Communication Services | 145 | -6.36 | -4.03 | -0.47 | 1.14 | 2.77 | 7.05 | 9.68 |
| Basic Materials | 144 | 0.46 | 0.77 | 1.70 | 3.43 | 5.45 | 16.66 | 50.93 |
| Utilities | 74 | -0.17 | 0.49 | 0.74 | 0.98 | 1.33 | 2.09 | 3.17 |
| Financial Services | Fewer than 30 comparable companies have this figure on file, so a percentile would be noise. We are not showing one. | |||||||
| Real Estate | Fewer than 30 comparable companies have this figure on file, so a percentile would be noise. We are not showing one. | |||||||
2773 companies in the market row. How a cohort is counted: One deduplicated company per cohort row, drawn only from companies with filed statements on record. One row per company. Key: case-folded, whitespace-collapsed stocks.name. Representative listing: most archived fiscal years, then largest stored market cap, then ticker ascending.
Selection rule actually applied to the market row: tier=VERIFIED; one row per company; exact zeros excluded as coerced missing data; 865 excluded as not applicable (Bank, Capital markets, Equity REIT, Insurer, Mortgage REIT, Specialty finance); 0 excluded as untraceable to a filing; winsorised at p1/p99; min cohort 30. The clamp ran between -62.71 and 67.26. Clamped to the observed values at p1 and p99 before the breakpoints were computed. Values are clamped, never dropped, so the cohort size is the cohort that produced the breakpoints.
2 sectors are named above without a distribution. Every sector this build published a distribution for, on any metric, at this coverage tier. A sector named as refused therefore had enough companies for some other metric and not for this one. The minimum is 30 companies, and a cohort under it refuses rather than publishes a percentile it cannot support.
How this figure is computed
A five-part score built to separate manufacturers heading for bankruptcy from those that were not.
The arithmetic, as the product prints it when a subscriber expands the figure: 1.2 x A + 1.4 x B + 3.3 x C + 0.6 x D + 1.0 x E (A=WC/TA, B=RE/TA, C=EBIT/TA, D=MktCap/TL, E=Rev/TA).
It is one of the 118 indicators computed for every covered listing, filed under integrity. That count and that pillar are read from the product's own indicator registry when this page renders, so a metric that leaves the registry stops being described as one of its indicators here.
What the number hides
One of the five inputs is market capitalisation, so the score moves with the share price on a day when nothing in the accounts changed. It was fitted on manufacturers and its author said so, which is why it does not carry over cleanly to lenders, insurers or asset-light businesses. Retained earnings are another input, so a young company scores badly for being young rather than for being fragile.
What this page leaves out
It is one cross-section, not a history: these marks describe where filers stood on 2026-09-07 and say nothing about where they stood a year ago. One side of this figure comes from a share price rather than from a filing, so these marks move when the market does and this build has not seen the market since it ran. The price archive on this site is refreshed on its own schedule, which is slower than the market. Listings in the current equity pool holding this figure at all, counted by GET /api/screener/fields. Listings, not deduplicated companies, and counted today rather than on the build date, so it is a coverage figure and not the cohort.
Cross-sectional statistics computed from filed accounts held on the build date shown. A breakpoint describes where a figure sat among comparable companies, not whether any company is worth owning. This is research, not advice.
This figure on named companies, against their filings
- No company page uses this figure yet. The set of companies this section publishes is a fixed authorised list rather than a product of the ticker universe, so a metric can have a market distribution before it has a single named example.