Comtech Telecommunications Corp /De/
CMTL Nasdaq Radio & Tv Broadcasting & Communications Equipment Financials FY2017–FY2026
Revenue
Total sales reported in the income statement.
$250M
17.0%
vs prior year
Operating margin
Operating income as a share of revenue.
−7.3%
2.7 pts
Net income
Profit after all expenses, interest and tax.
−$36.2M
Free cash flow
Cash from operations minus capital spending.
$22.2M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$2.31 EPS (TTM)
What Comtech Telecommunications Corp /De/ does
No business description yet.
- Legal name
- COMTECH TELECOMMUNICATIONS CORP /DE/
- Fiscal year ends
- July 31, 2026
- Latest annual report
- 10-K · Oct 14, 2026
- Accession · CIK
- 0000023197-26-000114
0000023197
Revenue and margins
Comtech Telecommunications Corp /De/ had $250M of revenue in fiscal 2026, down 17.0% on the year before.
FY17
Revenue $550M
FY18
Revenue $571M
FY19
Revenue $672M
FY20
Revenue $617M
FY21
Revenue $582M
FY22
Revenue $486M
FY23
Revenue $550M
FY24
Revenue $540M
FY25
Revenue $301M
FY26
Revenue $250M
Q1 '24
Revenue $152M
Q2 '24
Revenue $134M
Q3 '24
Revenue $128M
Q4 '24
Revenue $126M
Q1 '25
Revenue $116M
Q2 '25
Revenue $127M
Q3 '25
Revenue $127M
Q4 '25
Revenue −$68.3M
Q1 '26
Revenue $111M
Q2 '26
Revenue $107M
Q3 '26
Revenue $106M
Q4 '26
Revenue −$74.2M
FY17
Gross 39.6%
Operating 6.7%
Net 2.9%
FCF 10.7%
FY18
Gross 39.2%
Operating 6.1%
Net 5.2%
FCF 7.3%
FY19
Gross 36.8%
Operating 6.2%
Net 3.7%
FCF 8.8%
FY20
Gross 36.8%
Operating 2.5%
Net 1.1%
FCF 7.4%
FY21
Gross 36.8%
Operating −11.7%
Net −12.6%
FCF −9.7%
FY22
Gross 37.0%
Operating −6.9%
Net −6.8%
FCF −3.6%
FY23
Gross 33.5%
Operating −2.7%
Net −4.9%
FCF −4.1%
FY24
Gross 29.1%
Operating −14.8%
Net −18.5%
FCF −12.5%
FY25
Gross 31.6%
Operating −9.9%
Net −51.6%
FCF −5.5%
FY26
Gross 38.9%
Operating −7.3%
Net −14.5%
FCF 8.9%
Gross
Operating
Net
FCF
Q1 '24
Gross 31.5%
Operating 1.4%
Net −0.9%
FCF −11.7%
Q2 '24
Gross 32.2%
Operating 2.2%
Net −7.9%
FCF −23.0%
Q3 '24
Gross 30.4%
Operating −2.7%
Net 2.2%
FCF −5.0%
Q4 '24
Gross 21.5%
Operating −64.6%
Net −71.9%
FCF −10.8%
Q1 '25
Gross 12.5%
Operating −111.5%
Net −128.2%
FCF −20.9%
Q2 '25
Gross 26.7%
Operating −8.1%
Net −38.5%
FCF −1.5%
Q3 '25
Gross 30.7%
Operating −1.2%
Net 26.8%
FCF −0.1%
Q4 '25
Gross −11.7%
Operating −162.6%
Net −11.6%
FCF −14.3%
Q1 '26
Gross 33.1%
Operating −2.5%
Net −14.3%
FCF 4.3%
Q2 '26
Gross 33.9%
Operating −1.2%
Net −12.8%
FCF 0.4%
Q3 '26
Gross 34.0%
Operating −2.9%
Net −3.3%
FCF 0.6%
Q4 '26
Gross 16.0%
Operating 14.9%
Net 4.3%
FCF −21.9%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY17
Net income $15.8M
FY18
Net income $29.8M
FY19
Net income $25.0M
FY20
Net income $7.0M
FY21
Net income −$73.5M
FY22
Net income −$33.1M
FY23
Net income −$26.9M
FY24
Net income −$100.0M
FY25
Net income −$155M
FY26
Net income −$36.2M
Q1 '24
Net income −$1.4M
Q2 '24
Net income −$10.6M
Q3 '24
Net income $2.8M
Q4 '24
Net income −$90.8M
Q1 '25
Net income −$148M
Q2 '25
Net income −$48.7M
Q3 '25
Net income $33.9M
Q4 '25
Net income $7.9M
Q1 '26
Net income −$15.9M
Q2 '26
Net income −$13.6M
Q3 '26
Net income −$3.5M
Q4 '26
Net income −$3.2M
FY17
Diluted EPS $0.67
FY18
Diluted EPS $1.24
FY19
Diluted EPS $1.03
FY20
Diluted EPS $0.28
FY21
Diluted EPS −$2.86
FY22
Diluted EPS −$1.63
FY23
Diluted EPS −$1.21
FY24
Diluted EPS −$4.70
FY25
Diluted EPS −$6.95
FY26
Diluted EPS −$2.31
Q1 '24
Diluted EPS −$0.11
Q2 '24
Diluted EPS −$1.07
Q3 '24
Diluted EPS −$0.04
Q4 '24
Diluted EPS −$3.48
Q1 '25
Diluted EPS −$5.29
Q2 '25
Diluted EPS −$0.76
Q3 '25
Diluted EPS −$0.49
Q4 '25
Diluted EPS −$0.41
Q1 '26
Diluted EPS −$0.67
Q2 '26
Diluted EPS −$0.68
Q3 '26
Diluted EPS −$0.47
Q4 '26
Diluted EPS −$0.49
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY17
Return on capital 3.8%
Return on equity 3.3%
Return on assets 1.9%
FY18
Return on capital 5.6%
Return on equity 6.0%
Return on assets 3.5%
FY19
Return on capital 5.5%
Return on equity 4.8%
Return on assets 2.9%
FY20
Return on capital 1.8%
Return on equity 1.3%
Return on assets 0.8%
FY21
Return on capital −8.0%
Return on equity −14.0%
Return on assets −7.6%
FY22
Return on capital −4.6%
Return on equity −6.8%
Return on assets −3.4%
FY23
Return on capital −2.0%
Return on equity −5.9%
Return on assets −2.7%
FY24
Return on capital −14.0%
Return on equity −26.9%
Return on assets −11.2%
FY25
Return on capital −12.6%
Return on equity −75.6%
Return on assets −20.2%
FY26
Return on capital —
Return on equity −50.5%
Return on assets −5.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $22.2M in fiscal 2026, 8.9% of revenue. Cash from operations minus capital spending.
FY17
Free cash flow $58.8M
FY18
Free cash flow $41.7M
FY19
Free cash flow $59.2M
FY20
Free cash flow $45.5M
FY21
Free cash flow −$56.7M
FY22
Free cash flow −$17.6M
FY23
Free cash flow −$22.7M
FY24
Free cash flow −$67.6M
FY25
Free cash flow −$16.5M
FY26
Free cash flow $22.2M
Q1 '24
Free cash flow −$17.8M
Q2 '24
Free cash flow −$30.9M
Q3 '24
Free cash flow −$6.5M
Q4 '24
Free cash flow −$13.7M
Q1 '25
Free cash flow −$24.2M
Q2 '25
Free cash flow −$1.9M
Q3 '25
Free cash flow −$0.2M
Q4 '25
Free cash flow $9.7M
Q1 '26
Free cash flow $4.8M
Q2 '26
Free cash flow $0.4M
Q3 '26
Free cash flow $0.7M
Q4 '26
Free cash flow $16.3M
FY17
Cash from operations $66.9M
Capital spending $8.2M
FY18
Cash from operations $50.3M
Capital spending $8.6M
FY19
Cash from operations $68.0M
Capital spending $8.8M
FY20
Cash from operations $52.8M
Capital spending $7.2M
FY21
Cash from operations −$40.6M
Capital spending $16.0M
FY22
Cash from operations $2.0M
Capital spending $19.6M
FY23
Cash from operations −$4.4M
Capital spending $18.3M
FY24
Cash from operations −$54.5M
Capital spending $13.1M
FY25
Cash from operations −$8.3M
Capital spending $8.2M
FY26
Cash from operations $37.4M
Capital spending $15.2M
Cash from operations
Capital spending
Q1 '24
Cash from operations −$14.5M
Capital spending $3.2M
Q2 '24
Cash from operations −$26.7M
Capital spending $4.3M
Q3 '24
Cash from operations −$3.8M
Capital spending $2.7M
Q4 '24
Cash from operations −$9.5M
Capital spending $4.2M
Q1 '25
Cash from operations −$21.8M
Capital spending $2.4M
Q2 '25
Cash from operations −$0.2M
Capital spending $1.7M
Q3 '25
Cash from operations $2.3M
Capital spending $2.5M
Q4 '25
Cash from operations $11.4M
Capital spending $1.7M
Q1 '26
Cash from operations $8.1M
Capital spending $3.3M
Q2 '26
Cash from operations $4.9M
Capital spending $4.4M
Q3 '26
Cash from operations $6.1M
Capital spending $5.4M
Q4 '26
Cash from operations $18.4M
Capital spending $2.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
Comtech Telecommunications Corp /De/ returned $0.0M to shareholders in fiscal 2026, 0% of free cash flow. The diluted share count rose 1.5%.
FY17
Dividends $18.9M
Buybacks $0.0M
FY18
Dividends $9.5M
Buybacks —
FY19
Dividends $9.8M
Buybacks —
FY20
Dividends $10.0M
Buybacks —
FY21
Dividends $10.3M
Buybacks —
FY22
Dividends $11.0M
Buybacks —
FY23
Dividends $8.7M
Buybacks —
FY24
Dividends $0.3M
Buybacks —
FY25
Dividends $0.2M
Buybacks —
FY26
Dividends $0.0M
Buybacks —
Dividends
Buybacks
Q1 '24
Dividends $0.1M
Buybacks —
Q2 '24
Dividends $0.2M
Buybacks —
Q3 '24
Dividends $0.0M
Buybacks —
Q4 '24
Dividends $0.0M
Buybacks —
Q1 '25
Dividends $0.0M
Buybacks —
Q2 '25
Dividends $0.1M
Buybacks —
Q3 '25
Dividends $0.0M
Buybacks —
Q4 '25
Dividends $0.0M
Buybacks —
Q1 '26
Dividends $0.0M
Buybacks —
Q2 '26
Dividends $0.0M
Buybacks —
Q3 '26
Dividends $0.0M
Buybacks —
Q4 '26
Dividends $0.0M
Buybacks —
Dividends
Buybacks
FY17
Diluted shares 0.02B
FY18
Diluted shares 0.02B
FY19
Diluted shares 0.02B
FY20
Diluted shares 0.02B
FY21
Diluted shares 0.03B
FY22
Diluted shares 0.03B
FY23
Diluted shares 0.03B
FY24
Diluted shares 0.03B
FY25
Diluted shares 0.03B
FY26
Diluted shares 0.03B
Balance sheet
Cash, debt and the ratios that show how comfortably Comtech Telecommunications Corp /De/ can carry it.
FY17
Cash $41.8M
Debt $192M
FY18
Cash $43.5M
Debt $165M
FY19
Cash $45.6M
Debt $165M
FY20
Cash $47.9M
Debt $150M
FY21
Cash $30.9M
Debt $201M
FY22
Cash $21.7M
Debt $130M
FY23
Cash $19.0M
Debt $164M
FY24
Cash $32.4M
Debt $178M
FY25
Cash $35.4M
Debt $118M
FY26
Cash $35.0M
Debt —
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $21.7M | $19.0M | $32.4M | $35.4M | $35.0M |
| Debt incl. finance leases | $130M | $164M | $178M | $118M | — |
| Debt / equity | 0.3x | 0.4x | 0.6x | 1.1x | — |
| Interest coverage | −6.7x | −1.0x | −3.6x | −0.7x | −0.9x |
| Current ratio | 1.4x | 1.4x | 1.8x | 1.7x | 0.8x |
| Quick ratio | 0.9x | 0.9x | 1.3x | 1.7x | 0.8x |
| Total assets | $974M | $996M | $793M | $742M | $696M |
| Total liabilities | $403M | $446M | $426M | $448M | $435M |
| Shareholders' equity | $467M | $438M | $306M | $104M | $38.9M |
| Net debt (− = net cash) | $108M | $145M | $145M | $83.1M | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ |
| Return on assets rose | — | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | — |
| Current ratio rose | — | ✓ | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ |
| Gross margin rose | — | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ |
| F-score | — / 3 | 7 / 9 | 6 / 9 | 4 / 9 | 2 / 9 | 5 / 9 | 4 / 9 | 3 / 9 | 3 / 9 | 4 / 8 |
| Accruals ratio | −6.1% | −2.5% | −5.0% | −5.0% | −3.4% | −3.6% | −2.3% | −5.1% | −19.2% | −10.2% |
| Altman Z'' | 4.00 | 4.29 | 4.45 | 3.92 | 2.25 | 2.39 | 2.33 | 1.77 | 0.94 | −0.73 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $550M | $571M | $672M | $617M | $582M | $486M | $550M | $540M | $301M | $250M |
| Net interest income | $0.1M | −$0.3M | −$0.0M | $0.2M | — | — | — | — | — | — |
| Gross profit | $218M | $224M | $247M | $227M | $214M | $180M | $184M | $157M | $95.2M | $97.2M |
| Research and development | $54.3M | $53.9M | $56.4M | $52.2M | $49.1M | $52.5M | $48.6M | $24.1M | $11.7M | $11.6M |
| Operating income | $37.0M | $35.1M | $41.4M | $15.2M | −$68.3M | −$33.8M | −$14.7M | −$79.9M | −$29.9M | −$18.2M |
| Interest expense | $11.6M | $10.2M | $9.2M | $6.1M | $6.8M | $5.0M | $15.0M | $22.2M | $45.7M | $21.3M |
| Pretax income | $25.5M | $24.6M | $28.9M | $9.3M | −$75.0M | −$37.1M | −$30.8M | −$100M | −$19.3M | −$17.4M |
| Income tax | $9.7M | −$5.1M | $3.9M | $2.3M | −$1.5M | −$4.0M | −$3.9M | −$0.3M | −$0.3M | $0.8M |
| Net income | $15.8M | $29.8M | $25.0M | $7.0M | −$73.5M | −$33.1M | −$26.9M | −$100.0M | −$155M | −$36.2M |
| Net income to common | — | — | — | $7.0M | −$73.5M | −$43.3M | −$33.9M | −$135M | −$204M | −$68.9M |
| Diluted EPS | $0.67 | $1.24 | $1.03 | $0.28 | −$2.86 | −$1.63 | −$1.21 | −$4.70 | −$6.95 | −$2.31 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.02B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $66.9M | $50.3M | $68.0M | $52.8M | −$40.6M | $2.0M | −$4.4M | −$54.5M | −$8.3M | $37.4M |
| Capital expenditure | $8.2M | $8.6M | $8.8M | $7.2M | $16.0M | $19.6M | $18.3M | $13.1M | $8.2M | $15.2M |
| Free cash flow | $58.8M | $41.7M | $59.2M | $45.5M | −$56.7M | −$17.6M | −$22.7M | −$67.6M | −$16.5M | $22.2M |
| Depreciation and amortization | $14.4M | $13.7M | $11.9M | $10.6M | $9.4M | $10.3M | $11.9M | $12.2M | $8.8M | $9.8M |
| Stock-based compensation | $8.5M | $8.6M | $11.4M | $9.3M | $10.0M | $7.8M | $10.1M | $6.1M | $2.2M | $3.1M |
| Acquisitions | $0.0M | $0.0M | $25.9M | — | — | — | — | — | — | — |
| Share buybacks | $0.0M | — | — | — | — | — | — | — | — | — |
| Dividends paid | $18.9M | $9.5M | $9.8M | $10.0M | $10.3M | $11.0M | $8.7M | $0.3M | $0.2M | $0.0M |
| Dividends and buybacks | $18.9M | $9.5M | $9.8M | $10.0M | $10.3M | $11.0M | $8.7M | $0.3M | $0.2M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $41.8M | $43.5M | $45.6M | $47.9M | $30.9M | $21.7M | $19.0M | $32.4M | $35.4M | $35.0M |
| Total debt | $192M | $165M | $165M | $150M | $201M | $130M | $164M | $178M | $118M | — |
| Finance lease liabilities | — | — | — | $0.1M | $0.0M | $0.0M | — | — | — | — |
| Current assets | $241M | $280M | $280M | $277M | $287M | $263M | $305M | $337M | $271M | $243M |
| Current liabilities | $144M | $165M | $145M | $160M | $204M | $193M | $212M | $184M | $158M | $291M |
| Inventory | $60.6M | $75.1M | $74.8M | $82.3M | $80.4M | $96.3M | $106M | $93.1M | $6.9M | $10.5M |
| Property and equipment, net | $32.8M | $29.0M | $28.0M | $27.0M | $35.3M | $50.4M | $53.0M | $47.3M | $28.0M | $31.0M |
| Goodwill | $291M | $291M | $310M | $331M | $348M | $348M | $348M | $284M | $176M | $176M |
| Intangible assets | $262M | $241M | $262M | $258M | $269M | $247M | $226M | $195M | $135M | $121M |
| Total assets | $832M | $845M | $888M | $930M | $993M | $974M | $996M | $793M | $742M | $696M |
| Total liabilities | $352M | $339M | $353M | $380M | $492M | $403M | $446M | $426M | $448M | $435M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $480M | $506M | $535M | $549M | $501M | $467M | $438M | $306M | $104M | $38.9M |
| Margins | ||||||||||
| Gross margin | 39.6% | 39.2% | 36.8% | 36.8% | 36.8% | 37.0% | 33.5% | 29.1% | 31.6% | 38.9% |
| Operating margin | 6.7% | 6.1% | 6.2% | 2.5% | −11.7% | −6.9% | −2.7% | −14.8% | −9.9% | −7.3% |
| EBITDA margin | 9.3% | 8.5% | 7.9% | 4.2% | −10.1% | −4.8% | −0.5% | −12.5% | −7.0% | −3.4% |
| Net margin | 2.9% | 5.2% | 3.7% | 1.1% | −12.6% | −6.8% | −4.9% | −18.5% | −51.6% | −14.5% |
| FCF margin | 10.7% | 7.3% | 8.8% | 7.4% | −9.7% | −3.6% | −4.1% | −12.5% | −5.5% | 8.9% |
| Net interest share of revenue | 0.0% | −0.0% | −0.0% | 0.0% | — | — | — | — | — | — |
| Returns | ||||||||||
| Return on capital | 3.8% | 5.6% | 5.5% | 1.8% | −8.0% | −4.6% | −2.0% | −14.0% | −12.6% | — |
| Return on capital employed | 5.4% | 5.2% | 5.6% | 2.0% | −8.7% | −4.3% | −1.9% | −13.1% | −5.1% | −4.5% |
| Return on equity | 3.3% | 6.0% | 4.8% | 1.3% | −14.0% | −6.8% | −5.9% | −26.9% | −75.6% | −50.5% |
| Return on assets | 1.9% | 3.5% | 2.9% | 0.8% | −7.6% | −3.4% | −2.7% | −11.2% | −20.2% | −5.0% |
| Growth | ||||||||||
| Revenue growth | — | 3.7% | 17.7% | −8.2% | −5.7% | −16.4% | 13.1% | −1.7% | −44.3% | −17.0% |
| Net income growth | — | 88.1% | −15.9% | −72.0% | −1,146.7% | — | — | — | — | — |
| EPS growth | — | 85.1% | −16.9% | −72.8% | −1,121.4% | — | — | — | — | — |
| FCF growth | — | −29.0% | 42.1% | −23.1% | −224.5% | — | — | — | — | — |
| Share count change | — | 2.3% | 1.1% | 2.5% | 3.2% | 3.2% | 5.6% | 2.8% | 2.1% | 1.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | 2.9x | 2.5x | 2.2x | 4.0x | — | — | — | — | — | — |
| Debt / equity | 0.4x | 0.3x | 0.3x | 0.3x | 0.4x | 0.3x | 0.4x | 0.6x | 1.1x | — |
| Interest coverage | 3.2x | 3.4x | 4.5x | 2.5x | −10.0x | −6.7x | −1.0x | −3.6x | −0.7x | −0.9x |
| Current ratio | 1.7x | 1.7x | 1.9x | 1.7x | 1.4x | 1.4x | 1.4x | 1.8x | 1.7x | 0.8x |
| Quick ratio | 1.3x | 1.2x | 1.4x | 1.2x | 1.0x | 0.9x | 0.9x | 1.3x | 1.7x | 0.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.5% | 1.5% | 1.3% | 1.2% | 2.8% | 4.0% | 3.3% | 2.4% | 2.7% | 6.1% |
| Stock comp / revenue | 1.5% | 1.5% | 1.7% | 1.5% | 1.7% | 1.6% | 1.8% | 1.1% | 0.7% | 1.3% |
| Payouts / FCF | 32.1% | 22.9% | 16.5% | 22.0% | — | — | — | — | — | 0.1% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 7.0 | 6.0 | 4.0 | 2.0 | 5.0 | 4.0 | 3.0 | 3.0 | 4.0 |
| Altman Z'' | 4.0 | 4.3 | 4.4 | 3.9 | 2.3 | 2.4 | 2.3 | 1.8 | 0.9 | −0.7 |
| Accruals ratio | −6.1% | −2.5% | −5.0% | −5.0% | −3.4% | −3.6% | −2.3% | −5.1% | −19.2% | −10.2% |
Source: SEC EDGAR XBRL filings (CIK 0000023197). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.