Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Lakeland Industries Inc.LAKE · healthcare
GradeElkB/Con the B/C boundary of 371 graded peers; percentile 38.6, sampling error 2.5 points; lower is stronger
Rank144 of 371
ProfitabilityCpercentile 57.3
SolvencyB/Cpercentile 41.5
Growth and financingBpercentile 33.9
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $209.9M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningslate filer · fortress balance sheetnot computable: short runway, distress
Inputs computable8 of 14
Graded fromfilings received through Apr 21, 2026171 days before the rescan; every figure keyed to the SEC receipt date
Last close$10.102026-10-08; market equity $100.3M; iex feed
Price used in gradeNone
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
$10$15NovDecJanFebMarAprMayJunJulAugSepOctCB/C$10.09
ABCDE20132014201520162017201820192020202120222023202420252026

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

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Apr 21, 2012nonen/aQ2
May 21, 2015E85.5Q2
Mar 21, 2016D/E81.2Q2
Apr 21, 2016B/C39.0Q2
Jul 21, 2016C53.5Q2
Aug 21, 2016C/D56.6Q2
Sep 21, 2016C55.6Q2
Oct 21, 2016C/D57.6Q2
Mar 21, 2017C44.8Q2
May 21, 2017A15.1Q2
Mar 21, 2018A/B17.9Q2
Apr 21, 2018A11.7Q2
Apr 21, 2019B26.8Q2
Apr 21, 2020C46.2Q2
Sep 21, 2020B/C43.4Q2
Dec 21, 2020C44.1Q2
Apr 21, 2021nonen/aQ3
Apr 21, 2022B29.4Q3
May 21, 2022A/B17.5Q3
Mar 21, 2023A15.8Q3
Apr 21, 2023B/C39.4Q3
Mar 21, 2024B35.7Q3
Apr 21, 2024C47.1Q3
Apr 21, 2026B/C40.4Q3

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 Apr 16, 2026; the document on sec.gov.

Overview – Lakeland Fire + Safety is a global provider of quality safety products that protect the world’s workers, first responders, and communities during the most critical situations. The Company’s products, which are governed by rigorous safety standards and regulations, are used to either protect the wearer from their environment or protect a product or process from the wearer in a broad range of markets around the world, including chemical, clean room, energy, fire service, manufacturing, and utility applications.

Warnings [top]

Late filer. found 1 NT 10-K/Q filings in the last eight quarters
Fortress balance sheet. cash minus debt is 13,451,000 USD; Altman Z is not used[3-4]

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 57.3
Gross profitability30.2%[1,5]32.2%49.63722026-01-31
Return on invested capitalnot computable9.3%
latest aligned inputs end 2020-01-31; latest annual assets end 2026-01-31
Accruals ratio(4.5%)[1,6-8](6.6%)63.68112026-01-31
Gross margin stability, five years3.5 pts[2,5,9-16]2.8 pts58.72432026-01-31
Solvency, sleeve percentile 41.5
Twelve-month failure probabilitynot computable0.07%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime4.56[1,17-22](0.31)20.37562026-01-31
Net debt to EBITDAnot computable1.82x
latest aligned inputs end 2020-01-31; latest annual assets end 2026-01-31
Interest coverage(7.22x)[20,23](4.51x)52.5812026-01-31
Current ratio3.53x[17-18]2.96x51.78392026-01-31
Growth and financing, sleeve percentile 33.9
Revenue growth, three-year compoundnot computable10.0%
four consecutive annual observations are required
Free cash flow growth, three-year compoundnot computable10.9%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable37.1%
pretax income must exceed the validity floor and imply a 0%-100% tax rate
Asset growth, three years13.7%[1,8,24-25]2.1%27.37042026-01-31
Net share issuance, one year3.6%[26-27]2.5%40.46342026-04-10

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 -0.120; sampling error 2.5 percentile points on 371 peers.

Among 371 Peers [top]

ABCDEJNJ, Johnson & Johnson; C, percentile 44.9; market equity $618.1BJNJLLY, ELI Lilly & Co.; C, percentile 55.7; market equity $1.1TLLYABBV, AbbVie Inc.; D, percentile 63.2; market equity $481.4BABBVGILD, Gilead Sciences, Inc.; D/E, percentile 78.9; market equity $182.4BGILDMRK, Merck & Co., Inc.; D/E, percentile 80.8; market equity $351.3BMRKAMGN, Amgen Inc.; E, percentile 85.1; market equity $220.3BAMGNLAKE 38.6strongerweaker

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.

RankCompanyPercentileLetterWarnings
139LifeMD, Inc. (LFMDP)

LifeMD, Inc. (LFMDP)

Bsecond fifth; percentile 37.2

Nasdaq · Services-Offices & Clinics of Doctors of Medicine

last close $23.53

Warnings: late filer; 8 of 14 inputs

37.2Blate filer
140Collegium Pharmaceutical, Inc. (COLL)

Collegium Pharmaceutical, Inc. (COLL)

B/Con the B/C boundary; percentile 37.6

Nasdaq · Pharmaceutical Preparations

market equity $719.8M; last close $22.11

Warnings: fortress balance sheet; 11 of 14 inputs

37.6B/Cfortress balance sheet
141Sunshine Biopharma Inc. (SBFM)

Sunshine Biopharma Inc. (SBFM)

B/Con the B/C boundary; percentile 38.0

Nasdaq · Pharmaceutical Preparations

last close $0.43

Warnings: late filer; 7 of 14 inputs

38.0B/Clate filer
142Sunshine Biopharma Inc. (SBFMW)

Sunshine Biopharma Inc. (SBFMW)

B/Con the B/C boundary; percentile 38.0

Nasdaq · Pharmaceutical Preparations

last close $0.03

Warnings: late filer; 7 of 14 inputs

38.0B/Clate filer
143Artivion, Inc. (AORT)

Artivion, Inc. (AORT)

B/Con the B/C boundary; percentile 38.4

NYSE · Surgical & Medical Instruments & Apparatus

market equity $1.0B; last close $21.18

No active warnings; 11 of 14 inputs

38.4B/C
144Lakeland Industries Inc. (LAKE)

Lakeland Industries Inc. (LAKE)

B/Con the B/C boundary; percentile 38.6

Nasdaq · Orthopedic, Prosthetic & Surgical Appliances & Supplies

market equity $100.2M; last close $10.10

Warnings: late filer, fortress balance sheet; 8 of 14 inputs

38.6B/Clate filer, fortress balance sheet
145LifeStance Health Group, Inc. (LFST)

LifeStance Health Group, Inc. (LFST)

B/Con the B/C boundary; percentile 38.9

Nasdaq · Services-Health Services

market equity $4.6B; last close $12.05

No active warnings; 10 of 14 inputs

38.9B/C
146UroGen Pharma Ltd. (URGN)

UroGen Pharma Ltd. (URGN)

B/Con the B/C boundary; percentile 39.2

Nasdaq · Pharmaceutical Preparations

market equity $1.8B; last close $36.96

Warnings: short runway; 9 of 14 inputs

39.2B/Cshort runway
147Biolife Solutions Inc. (BLFS)

Biolife Solutions Inc. (BLFS)

B/Con the B/C boundary; percentile 39.5

Nasdaq · Electromedical & Electrotherapeutic Apparatus

market equity $1.9B; last close $38.60

Warnings: fortress balance sheet; 7 of 14 inputs

39.5B/Cfortress balance sheet
148Celldex Therapeutics, Inc. (CLDX)

Celldex Therapeutics, Inc. (CLDX)

B/Con the B/C boundary; percentile 39.7

Nasdaq · In Vitro & In Vivo Diagnostic Substances

market equity $2.3B; last close $29.29

Warnings: short runway; 9 of 14 inputs

39.7B/Cshort runway
149National Healthcare Corp. (NHC)

National Healthcare Corp. (NHC)

B/Con the B/C boundary; percentile 40.0

NYSE · Services-Skilled Nursing Care Facilities

market equity $3.5B; last close $223.10

Warnings: fortress balance sheet; 9 of 14 inputs

40.0B/Cfortress balance sheet
Peer policyLetterPercentilePeers
all graded filers, equal sleevesC49.32204
sector peers, equal sleeves (the grade)B/C38.6371
same exchange, equal sleevesC47.41219
sector peers, equal inputsC43.5371

Each letter is one fifth of the 371 graded peers, about 74 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.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(21.3%)8.0%30hotter than 30 of 100 peers
Distance from 52-week high(41.7%)(31.4%)36closer to its high than 36 of 100 peers
EBIT to enterprise value(15.2%)(1.5%)27pricier than 73 of 100 peers
Free cash flow yield(16.4%)(1.0%)24pricier than 76 of 100 peers
Book value to price1.250.2891pricier than 9 of 100 peers
Sales to price1.920.3189pricier than 11 of 100 peers
Composite equity issuance, five years19.1%20.3%49more equity-funded than 49 of 100 peers
Relative strength against the sector, log excess return(0.45)(0.14)30ahead of 30 of 100 peers

Inputs: market equity $100.2M; EBIT -$15.5M; free cash flow -$16.4M; book equity $125.1M; sales $192.6M; debt $26.9M; cash $25.2M[28].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2026-01-31
Return on assets above zero(11.9%)✗ fail[6,8]
Operating cash flow above zero-$15.8M✗ fail[7]
Return on assets improved(0.2 pts)✗ fail[6,8,24,29]
Operating cash flow exceeds net income$9.6M✓ pass[6-7]
Long-term leverage felln/a[1,8,24,30]
Current ratio improved(37.7 pts)✗ fail[17-18,31-32]
No new shares issued3.6%✗ fail[26-27]
Gross margin improved(8.2 pts)✗ fail[2,5,9-10]
Asset turnover improved(18.1 pts)✗ fail[2,8,10,24]
Cash, filings, liquidity
Cash and equivalentsn/a
Operating cash flow, four quartersn/a[7,33-36]
Months of runwaynot finite
cash is missing at the end of the latest cash-flow quarter
Late filings, two years1
NT 10-K or NT 10-Q
Days since last periodic filing30
10-Q received Sep 9, 2026
Median daily dollar volume$584,747
63 sessions
Days since newest grade input171

Downloads [top]

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.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$209.9M2026-01-312026-04-1610-Kfiling · viewer · series
2revenueus-gaap:Revenues$192.6M2026-01-312026-04-1610-Kfiling · viewer · series
3cashus-gaap:CashAndCashEquivalentsAtCarryingValue$14.6M2020-01-312022-04-2110-Kfiling · viewer · series
4total debtus-gaap:LongTermDebt$1.2M2020-01-312020-04-1510-Kfiling · viewer · series
5gross profitus-gaap:GrossProfit$63.3M2026-01-312026-04-1610-Kfiling · viewer · series
6net incomeus-gaap:NetIncomeLoss-$25.3M2026-01-312026-04-1610-Kfiling · viewer · series
7operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$15.8M2026-01-312026-04-1610-Kfiling · viewer · series
8assetsus-gaap:Assets$212.5M2025-01-312026-04-1610-Kfiling · viewer · series
9gross profitus-gaap:GrossProfit$68.7M2025-01-312026-04-1610-Kfiling · viewer · series
10revenueus-gaap:Revenues$167.2M2025-01-312026-04-1610-Kfiling · viewer · series
11gross profitus-gaap:GrossProfit$51.2M2024-01-312025-04-1710-Kfiling · viewer · series
12revenueus-gaap:Revenues$124.7M2024-01-312025-04-1710-Kfiling · viewer · series
13gross profitus-gaap:GrossProfit$45.8M2023-01-312024-04-1110-Kfiling · viewer · series
14revenueus-gaap:Revenues$112.8M2023-01-312024-04-1110-Kfiling · viewer · series
15gross profitus-gaap:GrossProfit$50.9M2022-01-312023-04-1810-Kfiling · viewer · series
16revenueus-gaap:Revenues$118.4M2022-01-312023-04-1810-Kfiling · viewer · series
17current assetsus-gaap:AssetsCurrent$134.2M2026-01-312026-04-1610-Kfiling · viewer · series
18current liabilitiesus-gaap:LiabilitiesCurrent$38.0M2026-01-312026-04-1610-Kfiling · viewer · series
19retained earningsus-gaap:RetainedEarningsAccumulatedDeficit$23.9M2026-01-312026-04-1610-Kfiling · viewer · series
20operating incomeus-gaap:OperatingIncomeLoss-$15.5M2026-01-312026-04-1610-Kfiling · viewer · series
21book equityus-gaap:StockholdersEquity$129.1M2026-01-312026-04-1610-Kfiling · viewer · series
22liabilitiesus-gaap:Liabilities$80.8M2026-01-312026-04-1610-Kfiling · viewer · series
23interest expenseus-gaap:InterestExpense$2.1M2026-01-312026-04-1610-Kfiling · viewer · series
24assetsus-gaap:Assets$153.7M2024-01-312025-04-1710-Kfiling · viewer · series
25assetsus-gaap:Assets$142.9M2023-01-312024-04-1110-Kfiling · viewer · series
26shares outstandingdei:EntityCommonStockSharesOutstanding9,836,2862026-04-102026-04-2110-K/Afiling · viewer · series
27shares outstandingdei:EntityCommonStockSharesOutstanding9,498,6042025-04-102025-04-1710-Kfiling · viewer · series
28shares outstandingdei:EntityCommonStockSharesOutstanding9,931,3462026-09-042026-09-0910-Qfiling · viewer · series
29net incomeus-gaap:NetIncomeLoss-$18.1M2025-01-312026-04-1610-Kfiling · viewer · series
30long term debtus-gaap:LongTermDebt$30.4M2026-01-312026-04-1610-Kfiling · viewer · series
31current assetsus-gaap:AssetsCurrent$136.5M2025-01-312026-04-1610-Kfiling · viewer · series
32current liabilitiesus-gaap:LiabilitiesCurrent$34.9M2025-01-312026-04-1610-Kfiling · viewer · series
33operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$5.4M2026-07-312026-09-0910-Qfiling · viewer · series
34operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$5.8M2026-04-302026-06-0910-Qfiling · viewer · series
35operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$17.6M2025-10-312025-12-0910-Qfiling · viewer · series
36operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$9.7M2025-07-312026-09-0910-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 38.6 is 1.4 points from the nearest band edge; sampling error is 2.5 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.