Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
REALLOYS INC. (ALOY)
A forensic read on REALLOYS INC. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-13.6
Altman Z-score
Watch
Earnings quality
3
Forensic signals
-299.6%
ROE
$899M
Market cap
REALLOYS INC. earns a F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is -13.6, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-55%Return on invested capital.Return on invested capital is -55% and rising from -145% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+5.1%/yrShare-count dilution.Diluted share count changed +15% over the last 3 years to FY2025 (+5.1%/yr). A reversal: the count shrank earlier (net -10.4%/yr since FY2017) but the company has SWUNG to issuing stock — recent holders are now being diluted, not rewarded. That's ~5.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~15%.
56% of revStock-based comp load.Stock-based compensation ran 56% of revenue in FY2025 — about $0.36 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
Key fundamentals
Net Margin-182.1%
Debt / Equity0.23x
Free Cash Flow$-3.2M
Latest Revenue$2.4M
Return on Equity-78.2%
Revenue Growth YoY-5.3%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on REALLOYS INC.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about ALOY's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown