Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Eastern Co.EML · manufacturing | |
|---|---|
| Grade |  Cmiddle fifth of 255 graded peers; percentile 53.5, sampling error 3.0 points; lower is stronger |
| Rank | 137 of 255 |
| Profitability | Cpercentile 49.6 |
| Solvency | B/Cpercentile 37.8 |
| Growth and financing | C/Dpercentile 62.4 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $216.7M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: short runway, distress |
| Inputs computable | 13 of 14 |
| Graded from | filings received through Mar 19, 2026204 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $24.952026-10-08; market equity $150.1M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 3, 2026; the document on sec.gov.
The Eastern Company was incorporated under the laws of the State of Connecticut in October 1912, succeeding a co-partnership established in October 1858. The businesses of the Company design, manufacture and sell unique engineered solutions for industrial markets. Today, the Company maintains fourteen physical locations across North America and Asia. In the third quarter of 2024, the Company decided to sell Big 3 Mold and determined that the Big 3 Mold business met the criteria to be held for sale and that the assets held for sale qualified for discontinued operations.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 49.6 | |||||||
| Gross profitability | 26.3% | [1,3] | 21.9% | 29.2 | 275 | 2026-01-03 | |
| Return on invested capital | 5.7% | [4-12] | 9.7% | 72.7 | 100 | 2026-01-03 | |
| Accruals ratio | (0.8%) | [1,13-15] | (3.6%) | 76.2 | 308 | 2026-01-03 | |
| Gross margin stability, five years | 1.2 pts | [2-3,16-23] | 2.1 pts | 20.2 | 229 | 2026-01-03 | |
| Solvency, sleeve percentile 37.8 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| four consecutive discrete net-income quarters are required; found 4 | |||||||
| Altman Z double-prime | 6.00 | [1,4,8,24-27] | 3.66 | 21.4 | 244 | 2026-01-03 | |
| Net debt to EBITDA | 1.83x | [4,7,9,28] | 1.78x | 54.2 | 121 | 2026-01-03 | |
| Interest coverage | 3.98x | [4,29] | 5.09x | 55.6 | 64 | 2026-01-03 | |
| Current ratio | 3.59x | [24-25] | 2.25x | 20.1 | 325 | 2026-01-03 | |
| Growth and financing, sleeve percentile 62.4 | |||||||
| Revenue growth, three-year compound | (3.8%) | [2,17,19,21] | 2.1% | 76.5 | 269 | 2026-01-03 | |
| Free cash flow growth, three-year compound | 6.2% | [14,30-36] | 13.9% | 65.9 | 139 | 2026-01-03 | |
| Reinvestment rate | 11.7% | [4-6,24-25,28,30,37-38] | 26.4% | 58.7 | 139 | 2026-01-03 | |
| Asset growth, three years | (6.1%) | [1,15,39-40] | 4.4% | 82.4 | 279 | 2026-01-03 | |
| Net share issuance, one year | (1.5%) | [41-42] | 0.01% | 28.5 | 243 | 2026-02-15 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.002; sampling error 3.0 percentile points on 255 peers.
Among 255 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 132 | Agco Corp. (AGCO) Agco Corp. (AGCO) Cmiddle fifth; percentile 51.6 NYSE · Farm Machinery & Equipment market equity $7.6B; last close $108.14 No active warnings; 10 of 14 inputs | 51.6 | C | |
| 133 | HNI Corp. (HNI) HNI Corp. (HNI) Cmiddle fifth; percentile 52.0 NYSE · Office Furniture (No Wood) market equity $3.4B; last close $47.02 Warnings: dilution; 13 of 14 inputs | 52.0 | C | dilution |
| 134 | Gorman Rupp Co. (GRC) Gorman Rupp Co. (GRC) Cmiddle fifth; percentile 52.4 NYSE · Pumps & Pumping Equipment market equity $1.9B; last close $73.15 No active warnings; 11 of 14 inputs | 52.4 | C | |
| 135 | Ouster, Inc. (OUST) Ouster, Inc. (OUST) Cmiddle fifth; percentile 52.8 Nasdaq · General Industrial Machinery & Equipment, NEC market equity $2.9B; last close $39.50 Warnings: fortress balance sheet; 9 of 14 inputs | 52.8 | C | fortress balance sheet |
| 136 | General Dynamics Corp. (GD) General Dynamics Corp. (GD) Cmiddle fifth; percentile 53.1 NYSE · Ship & Boat Building & Repairing market equity $89.2B; last close $329.93 No active warnings; 9 of 14 inputs | 53.1 | C | |
| 137 | Eastern Co. (EML) Eastern Co. (EML) Cmiddle fifth; percentile 53.5 Nasdaq · Cutlery, Handtools & General Hardware market equity $151.3M; last close $24.95 No active warnings; 13 of 14 inputs | 53.5 | C | |
| 138 | Owens Corning (OC) Owens Corning (OC) Cmiddle fifth; percentile 53.9 NYSE · Abrasive, Asbestos & Misc Nonmetallic Mineral Prods market equity $9.3B; last close $117.32 No active warnings; 11 of 14 inputs | 53.9 | C | |
| 139 | Greenland Technologies Holding Corp. (GTEC) Greenland Technologies Holding Corp. (GTEC) Cmiddle fifth; percentile 54.3 Nasdaq · General Industrial Machinery & Equipment market equity $15.9M; last close $0.76 Warnings: dilution, fortress balance sheet; 9 of 14 inputs | 54.3 | C | dilution, fortress balance sheet |
| 140 | Hayward Holdings, Inc. (HAYW) Hayward Holdings, Inc. (HAYW) Cmiddle fifth; percentile 54.7 NYSE · Refrigeration & Service Industry Machinery market equity $2.5B; last close $11.42 No active warnings; 13 of 14 inputs | 54.7 | C | |
| 141 | Dover Corp. (DOV) Dover Corp. (DOV) Cmiddle fifth; percentile 55.1 NYSE · Construction, Mining & Materials Handling Machinery & Equip market equity $25.4B; last close $188.94 No active warnings; 9 of 14 inputs | 55.1 | C | |
| 142 | Timken Co. (TKR) Timken Co. (TKR) Cmiddle fifth; percentile 55.5 NYSE · Ball & Roller Bearings market equity $7.9B; last close $114.34 No active warnings; 11 of 14 inputs | 55.5 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 47.0 | 2204 |
| sector peers, equal sleeves (the grade) | C | 53.5 | 255 |
| same exchange, equal sleeves | C | 44.8 | 1219 |
| sector peers, equal inputs | C/D | 57.5 | 255 |
Each letter is one fifth of the 255 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 18.6% | 13.7% | 53 | hotter than 53 of 100 peers |
| Distance from 52-week high | (14.4%) | (24.3%) | 73 | closer to its high than 73 of 100 peers |
| EBIT to enterprise value | 6.3% | 4.1% | 72 | pricier than 28 of 100 peers |
| Free cash flow yield | 3.2% | 3.4% | 48 | pricier than 52 of 100 peers |
| Book value to price | 0.86 | 0.34 | 86 | pricier than 14 of 100 peers |
| Sales to price | 1.65 | 0.54 | 82 | pricier than 18 of 100 peers |
| Composite equity issuance, five years | (14.7%) | (9.5%) | 31 | more equity-funded than 31 of 100 peers |
| Relative strength against the sector, log excess return | 0.04 | (0.00) | 53 | ahead of 53 of 100 peers |
Inputs: market equity $151.3M; EBIT $10.7M; free cash flow $4.9M; book equity $130.0M; sales $249.0M; debt $33.9M; cash $15.1M[43].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 7 of 9, period end 2026-01-03 | ||
|---|---|---|
| Return on assets above zero | 3.0% | ✓ pass[13,15] |
| Operating cash flow above zero | $8.9M | ✓ pass[14] |
| Return on assets improved | 6.4 pts | ✓ pass[13,15,39,44] |
| Operating cash flow exceeds net income | $1.7M | ✓ pass[13-14] |
| Long-term leverage fell | (0.9 pts) | ✓ pass[1,15,39,45-46] |
| Current ratio improved | 101.3 pts | ✓ pass[24-25,37-38] |
| No new shares issued | (1.5%) | ✓ pass[41-42] |
| Gross margin improved | (1.8 pts) | ✗ fail[2-3,16-17] |
| Asset turnover improved | (2.4 pts) | ✗ fail[2,15,17,39] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[47-51] |
| Months of runway | not finite |
| the four latest operating-cash-flow quarters are not consecutive | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 59 |
| 10-Q received Aug 11, 2026 | |
| Median daily dollar volume | $281,943 |
| 63 sessions | |
| Days since newest grade input | 204 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $216.7M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $249.0M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $57.0M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 4 | operating income | us-gaap:OperatingIncomeLoss | $10.7M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 5 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $7.5M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 6 | income tax | us-gaap:IncomeTaxExpenseBenefit | $1.5M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 7 | total debt | us-gaap:LongTermDebt | $33.9M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 8 | book equity | us-gaap:StockholdersEquity | $124.6M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 9 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $7.4M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 10 | total debt | us-gaap:LongTermDebt | $42.2M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $120.7M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 12 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $14.0M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 13 | net income | us-gaap:NetIncomeLoss | $7.1M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $8.9M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 15 | assets | us-gaap:Assets | $235.3M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 16 | gross profit | us-gaap:GrossProfit | $67.3M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 17 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $272.8M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $61.8M | 2023-12-30 | 2025-03-11 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $258.9M | 2023-12-30 | 2025-03-11 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $58.6M | 2022-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $279.3M | 2022-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $56.8M | 2022-01-01 | 2023-03-14 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $246.5M | 2022-01-01 | 2022-03-17 | 10-K | filing · viewer · series |
| 24 | current assets | us-gaap:AssetsCurrent | $99.3M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 25 | current liabilities | us-gaap:LiabilitiesCurrent | $27.6M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 26 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $138.0M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 27 | liabilities | us-gaap:Liabilities | $92.0M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 28 | depreciation amortization | us-gaap:Depreciation | $3.8M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 29 | interest expense | us-gaap:InterestExpense | $2.7M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 30 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $4.0M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $19.4M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 32 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $9.7M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $25.5M | 2023-12-30 | 2025-03-11 | 10-K | filing · viewer · series |
| 34 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $5.5M | 2023-12-30 | 2025-03-11 | 10-K | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $7.5M | 2022-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 36 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $3.4M | 2022-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 37 | current assets | us-gaap:AssetsCurrent | $115.6M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 38 | current liabilities | us-gaap:LiabilitiesCurrent | $44.8M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 39 | assets | us-gaap:Assets | $252.0M | 2023-12-30 | 2025-03-11 | 10-K | filing · viewer · series |
| 40 | assets | us-gaap:Assets | $261.5M | 2022-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 41 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,041,767 | 2026-02-15 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 42 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,135,278 | 2025-02-15 | 2025-03-11 | 10-K | filing · viewer · series |
| 43 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,017,558 | 2026-07-04 | 2026-08-11 | 10-Q | filing · viewer · series |
| 44 | net income | us-gaap:NetIncomeLoss | -$8.5M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 45 | long term debt | us-gaap:LongTermDebtNoncurrent | $33.9M | 2026-01-03 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 46 | long term debt | us-gaap:LongTermDebtNoncurrent | $38.6M | 2024-12-28 | 2026-03-19 | 10-K/A | filing · viewer · series |
| 47 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $12.0M | 2026-07-04 | 2026-08-11 | 10-Q | filing · viewer · series |
| 48 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.5M | 2026-04-04 | 2026-05-12 | 10-Q | filing · viewer · series |
| 49 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $5.0M | 2025-09-27 | 2025-11-04 | 10-Q | filing · viewer · series |
| 50 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.9M | 2025-06-28 | 2026-08-11 | 10-Q | filing · viewer · series |
| 51 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.8M | 2025-03-29 | 2026-05-12 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 53.5 is 6.5 points from the nearest band edge; sampling error is 3.0 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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