🏭 Industrials & Capital Goods · updated 2026-10-08

US Industrials & Capital Goods Companies in Financial Distress (October 2026)

As of 08 October 2026, 116 of 613 US Industrials & Capital Goods companies analysed (19%) show financial-distress indicators: 43 very weak, 30 weak and 43 on watch. The most common red flags in this sector are losses in each of the last 3 years, cash runway under 12 months, operations consume cash and market-implied default probability >20%.

613

Analysed

116

Distress signals

Very weak

19%

Flag rate

What drives financial distress in Industrials & Capital Goods

Capital goods, construction, airlines and transport — working-capital stress, order-book declines and project-finance leverage.

Most common red flags today: Losses in each of the last 3 years · Cash runway under 12 months · Operations consume cash · Market-implied default probability >20%

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Industrials & Capital Goods companies with distress signals

#	Ticker	Company / industry	Distress score	Band	Ohlson PD	Merton PD	From 52w high	Key indicators
1	ADSE	ADSE Electrical Equipment & Parts	100	Very weak	99%	0.0%	-27%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
2	BURU	Nuburu, Inc. Specialty Industrial Machinery	100	Very weak	100%	99.7%	-70%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
3	DETX	Liberty Defense Holdings, Ltd. Security & Protection Services	100	Very weak	100%	13.8%	-67%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsSevere working-capital shortfall	Details →
4	GP	GreenPower Motor Company Inc. Farm & Heavy Construction Machinery	100	Very weak	99%	96.2%	-89%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
5	HYFM	Hydrofarm Holdings Group, Inc. Farm & Heavy Construction Machinery	100	Very weak	100%	93.2%	-72%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsMarket-implied default probability >20%	Details →
6	NXAT	Nexus Advanced Technologies Inc. Conglomerates	100	Very weak	100%	98.9%	-99%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
7	OLOX	Olenox Industries Inc. Metal Fabrication	100	Very weak	100%	91.6%	-99%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
8	PLAG	Planet Green Holdings Corp. Conglomerates	100	Very weak	100%	84.6%	-88%	Liabilities exceed assets (negative equity)Market-implied default probability >20%Losses in each of the last 3 years	Details →
9	POLA	Polar Power, Inc. Electrical Equipment & Parts	100	Very weak	100%	47.0%	-80%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
10	RAIN	Rain Enhancement Technologies Holdco, Inc. Pollution & Treatment Controls	100	Very weak	100%	67.4%	-91%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
11	SDST	Stardust Power Inc. Electrical Equipment & Parts	100	Very weak	100%	89.6%	-99%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
12	SPCE	Virgin Galactic Holdings, Inc. Aerospace & Defense	100	Very weak	95%	23.5%	-61%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
13	SRFM	Surf Air Mobility Inc. Airlines	100	Very weak	100%	56.9%	-83%	Liabilities exceed assets (negative equity)Operating profit does not cover interestCash runway under 12 months	Details →
14	WBX	Wallbox N.V. Electrical Equipment & Parts	100	Very weak	98%	65.4%	-62%	Liabilities exceed assets (negative equity)Operating profit does not cover interestMarket-implied default probability >20%	Details →
15	XTIA	XTI Aerospace, Inc. Aerospace & Defense	100	Very weak	100%	9.5%	-74%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsSevere working-capital shortfall	Details →
16	VATE	INNOVATE Corp. Engineering & Construction	94	Very weak	98%	9.3%	-64%	Liabilities exceed assets (negative equity)Operating profit does not cover interestSevere working-capital shortfall	Details →
17	CDTG	CDTG Waste Management	92	Very weak	88%	81.9%	-93%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
18	PHGE	Tessera Defense and Homeland Security Inc. Aerospace & Defense	90	Very weak	100%	—	-100%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsLosses in each of the last 3 years	Details →
19	EVTL	Vertical Aerospace Ltd. Aerospace & Defense	89	Very weak	20%	52.8%	-93%	Liabilities exceed assets (negative equity)Operating profit does not cover interestMarket-implied default probability >20%	Details →
20	STI	Solidion Technology, Inc. Electrical Equipment & Parts	87	Very weak	100%	37.0%	-84%	Liabilities exceed assets (negative equity)Market-implied default probability >20%Severe working-capital shortfall	Details →
21	CAR	Avis Budget Group, Inc. Rental & Leasing Services	85	Very weak	55%	67.5%	-85%	Liabilities exceed assets (negative equity)Market-implied default probability >20%Material debt with no EBITDA	Details →
22	SGLY	Singularity Future Technology Ltd. Integrated Freight & Logistics	84	Very weak	91%	71.8%	-96%	Cash runway under 12 monthsMarket-implied default probability >20%Losses in each of the last 3 years	Details →
23	DFLI	Dragonfly Energy Holdings Corp. Electrical Equipment & Parts	82	Very weak	100%	90.6%	-98%	Cash runway under 12 monthsMarket-implied default probability >20%Losses in each of the last 3 years	Details →
24	SLND	Southland Holdings, Inc. Engineering & Construction	81	Very weak	—	—	-84%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsLosses in each of the last 3 years	Details →
25	LASE	Laser Photonics Corporation Specialty Industrial Machinery	78	Very weak	—	—	-84%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsLosses in each of the last 3 years	Details →
26	AIRI	Air Industries Group Aerospace & Defense	77	Very weak	89%	26.2%	-27%	Operating profit does not cover interestCash runway under 12 monthsMarket-implied default probability >20%	Details →
27	GWH	ESS Tech, Inc. Electrical Equipment & Parts	76	Very weak	—	—	-99%	Cash runway under 12 monthsLosses in each of the last 3 yearsRevenue collapse	Details →
28	ZONE	CleanCore Solutions, Inc. Pollution & Treatment Controls	76	Very weak	93%	1.0%	-94%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
29	BEEP	Mobile Infrastructure Corporation Infrastructure Operations	75	Very weak	82%	21.0%	-25%	Market-implied default probability >20%Severe working-capital shortfallLosses in each of the last 3 years	Details →
30	SCWO	374Water Inc. Pollution & Treatment Controls	75	Very weak	100%	1.7%	-62%	Cash runway under 12 monthsLosses in each of the last 3 yearsRevenue collapse	Details →
31	SOAR	Volato Group, Inc. Airports & Air Services	74	Very weak	81%	8.2%	-91%	Liabilities exceed assets (negative equity)Severe working-capital shortfallShare price down >80% from 52-week high	Details →
32	XPON	Expion Energy, Inc. Electrical Equipment & Parts	74	Very weak	100%	31.8%	-80%	Cash runway under 12 monthsMarket-implied default probability >20%Losses in each of the last 3 years	Details →
33	BGMS	Bio Green Med Solution, Inc. Building Products & Equipment	72	Very weak	—	—	-86%	Cash runway under 12 monthsLosses in each of the last 3 yearsRevenue collapse	Details →
34	CCTG	CCTG Electrical Equipment & Parts	72	Very weak	91%	60.1%	-98%	Cash runway under 12 monthsMarket-implied default probability >20%Losses in each of the last 3 years	Details →
35	EOSE	Eos Energy Enterprises, Inc. Electrical Equipment & Parts	72	Very weak	—	—	-86%	Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash	Details →
36	NVRI	Enviri Corporation Waste Management	72	Very weak	97%	0.0%	-17%	Liabilities exceed assets (negative equity)Operating profit does not cover interestLosses in each of the last 3 years	Details →
37	OPTT	Ocean Power Technologies, Inc. Specialty Industrial Machinery	72	Very weak	99%	100.0%	-85%	Cash runway under 12 monthsMarket-implied default probability >20%Losses in each of the last 3 years	Details →
38	TISI	Team, Inc. Specialty Business Services	72	Very weak	87%	0.2%	-9%	Liabilities exceed assets (negative equity)Operating profit does not cover interestLosses in each of the last 3 years	Details →
39	DFNS	T3 Defense Inc. Aerospace & Defense	71	Very weak	19%	86.2%	-100%	Operating profit does not cover interestMarket-implied default probability >20%Severe working-capital shortfall	Details →
40	AIAI	AIAI Holdings Corporation Conglomerates	70	Very weak	100%	—	-83%	Liabilities exceed assets (negative equity)Severe working-capital shortfallRevenue collapse	Details →
41	KSCP	Knightscope, Inc. Building Products & Equipment	70	Very weak	—	—	-91%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
42	OFAL	OFA Group Engineering & Construction	70	Very weak	—	—	-97%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
43	UP	Wheels Up Experience Inc. Airports & Air Services	70	Very weak	—	—	-91%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsLosses in each of the last 3 years	Details →
44	HIHO	Highway Holdings Limited Metal Fabrication	68	Weak	90%	34.2%	-46%	Market-implied default probability >20%Revenue collapseOperations consume cash	Details →
45	SST	System1, Inc. Specialty Business Services	67	Weak	—	—	-72%	Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash	Details →
46	AADX	Applied Aerospace & Defense, Inc. Aerospace & Defense	66	Weak	87%	12.5%	-53%	Operating profit does not cover interestCash runway under 12 monthsVery high leverage	Details →
47	SIDU	Sidus Space, Inc. Aerospace & Defense	66	Weak	100%	0.1%	-75%	Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure	Details →
48	IVDA	Iveda Solutions, Inc. Security & Protection Services	65	Weak	89%	36.0%	-87%	Market-implied default probability >20%Losses in each of the last 3 yearsOperations consume cash	Details →
49	AQMS	Aqua Metals, Inc. Waste Management	64	Weak	—	—	-93%	Cash runway under 12 monthsLosses in each of the last 3 yearsRevenue collapse	Details →
50	BLNK	Blink Charging Co. Engineering & Construction	63	Weak	—	—	-81%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
51	ICON	Icon Energy Corp. Marine Shipping	63	Weak	87%	99.1%	-92%	Operating profit does not cover interestMarket-implied default probability >20%Share price down >80% from 52-week high	Details →
52	XE	X-Energy, Inc. Specialty Industrial Machinery	61	Weak	100%	0.0%	-62%	Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash	Details →
53	XOS	Xos, Inc. Farm & Heavy Construction Machinery	61	Weak	87%	34.2%	-57%	Market-implied default probability >20%Losses in each of the last 3 yearsOperations consume cash	Details →
54	ABAT	American Battery Technology Company Waste Management	60	Weak	100%	0.0%	-82%	Losses in each of the last 3 yearsOperations consume cashShare price down >80% from 52-week high	Details →
55	AAL	American Airlines Group Inc. Airlines	58	Weak	57%	4.7%	-29%	Liabilities exceed assets (negative equity)Operating profit does not cover interestSevere working-capital shortfall	Details →
56	FLUX	Flux Power Holdings, Inc. Electrical Equipment & Parts	57	Weak	98%	52.0%	-93%	Market-implied default probability >20%Losses in each of the last 3 yearsOperations consume cash	Details →
57	CSTE	Caesarstone Ltd. Building Products & Equipment	56	Weak	92%	1.3%	-22%	Operating profit does not cover interestLosses in each of the last 3 yearsOhlson O-score signals likely failure	Details →
58	GRNQ	Greenpro Capital Corp. Consulting Services	56	Weak	—	—	-71%	Cash runway under 12 monthsRevenue collapseOperations consume cash	Details →
59	GPUS	Hyperscale Data, Inc. Conglomerates	55	Weak	—	—	-95%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
60	SHIM	Shimmick Corporation Engineering & Construction	55	Weak	—	—	-54%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsLosses in each of the last 3 years	Details →
61	SPAI	Safe Pro Group Inc. Aerospace & Defense	55	Weak	100%	0.0%	-52%	Losses in each of the last 3 yearsRevenue collapseOperations consume cash	Details →
62	TGEN	Tecogen Inc. Electrical Equipment & Parts	55	Weak	91%	0.5%	-80%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
63	TPCS	TechPrecision Corporation Metal Fabrication	55	Weak	95%	0.0%	-7%	Operating profit does not cover interestLosses in each of the last 3 yearsVery high leverage	Details →
64	SPIR	Spire Global, Inc. Specialty Business Services	54	Weak	61%	0.0%	-59%	Revenue collapseOhlson O-score signals likely failureCurrent liabilities exceed current assets	Details →
65	FJET	Starfighters Space, Inc. Aerospace & Defense	53	Weak	98%	36.4%	-95%	Market-implied default probability >20%Operations consume cashShare price down >80% from 52-week high	Details →
66	JELD	JELD-WEN Holding, Inc. Building Products & Equipment	52	Weak	—	—	-66%	Liabilities exceed assets (negative equity)Cash runway under 12 monthsLosses in 2 of the last 3 years	Details →
67	VWAV	VisionWave Holdings, Inc. Aerospace & Defense	52	Weak	—	98.1%	-98%	Operating profit does not cover interestMarket-implied default probability >20%Severe working-capital shortfall	Details →
68	NWCL	newcleo plc Specialty Industrial Machinery	51	Weak	76%	0.0%	-34%	Cash runway under 12 monthsOperations consume cashOhlson O-score signals likely failure	Details →
69	ADUR	Aduro Clean Technologies Inc. Pollution & Treatment Controls	50	Weak	72%	0.0%	-36%	Losses in each of the last 3 yearsRevenue collapseOperations consume cash	Details →
70	CETY	Clean Energy Technologies, Inc. Specialty Industrial Machinery	50	Weak	—	—	-76%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
71	SMHI	SEACOR Marine Holdings Inc. Marine Shipping	50	Weak	—	—	-13%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
72	TOMZ	TOMI Environmental Solutions, Inc. Pollution & Treatment Controls	50	Weak	—	—	-52%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
73	TOPP	Toppoint Holdings Inc. Trucking	50	Weak	95%	58.4%	-93%	Market-implied default probability >20%Operations consume cashShare price down >80% from 52-week high	Details →
74	AVEX	AEVEX Corp. Aerospace & Defense	49	Watch	67%	19.2%	-65%	Operating profit does not cover interestVery high leverageOhlson O-score signals likely failure	Details →
75	EH	EHang Holdings Limited Aerospace & Defense	49	Watch	47%	91.8%	-79%	Market-implied default probability >20%Losses in each of the last 3 yearsOperations consume cash	Details →
76	MNTS	Momentus Inc. Aerospace & Defense	49	Watch	—	—	-89%	Losses in each of the last 3 yearsRevenue collapseOperations consume cash	Details →
77	CISS	C3is Inc. Marine Shipping	48	Watch	0%	41.4%	-100%	Market-implied default probability >20%Share price down >80% from 52-week highMassive shareholder dilution	Details →
78	GFUZ	General Fusion Group Ltd. Specialty Industrial Machinery	48	Watch	—	—	-37%	Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash	Details →
79	NPWR	NET Power Inc. Specialty Industrial Machinery	48	Watch	—	—	-74%	Losses in each of the last 3 yearsRevenue collapseOperations consume cash	Details →
80	SKYX	SKYX Platforms Corp. Electrical Equipment & Parts	48	Watch	97%	3.2%	-65%	Losses in each of the last 3 yearsMaterial debt with no EBITDAOperations consume cash	Details →
81	VAI	Valor Energy Inc. Rental & Leasing Services	48	Watch	—	—	+0%	Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsSteep revenue decline	Details →
82	BKYI	BIO-key International, Inc. Security & Protection Services	47	Watch	—	—	-83%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
83	GWAV	Greenwave Technology Solutions, Inc. Waste Management	47	Watch	—	—	-87%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
84	IPDN	Professional Diversity Network, Inc. Staffing & Employment Services	47	Watch	—	—	-22%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
85	LNZA	LanzaTech Global, Inc. Waste Management	47	Watch	—	—	-85%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
86	GPGI	GPGI, Inc. Metal Fabrication	46	Watch	—	—	-52%	Cash runway under 12 monthsRevenue collapseLosses in 2 of the last 3 years	Details →
87	QNME	Quanome Technologies, Inc. Integrated Freight & Logistics	46	Watch	—	—	-43%	Cash runway under 12 monthsOperations consume cashLosses in 2 of the last 3 years	Details →
88	SFL	SFL Corporation Ltd. Marine Shipping	46	Watch	79%	0.0%	-1%	Severe working-capital shortfallThin interest coverageOhlson O-score signals likely failure	Details →
89	CIRC	Circle8 Group, Inc. Staffing & Employment Services	45	Watch	—	—	-90%	Losses in each of the last 3 yearsOperations consume cashShare price down >80% from 52-week high	Details →
90	DUKR	DUKE Robotics Corp. Aerospace & Defense	45	Watch	—	—	-60%	Liabilities exceed assets (negative equity)Losses in each of the last 3 yearsOperations consume cash	Details →
91	SMR	NuScale Power Corporation Specialty Industrial Machinery	45	Watch	—	—	-86%	Losses in each of the last 3 yearsOperations consume cashShare price down >80% from 52-week high	Details →
92	DPC	DPC Holdings PLC Aerospace & Defense	44	Watch	96%	0.0%	-32%	Liabilities exceed assets (negative equity)Ohlson O-score signals likely failureCurrent liabilities exceed current assets	Details →
93	QXO	QXO, Inc. Industrial Distribution	43	Watch	11%	1.4%	-59%	Operating profit does not cover interestVery high leverageMassive shareholder dilution	Details →
94	USEA	United Maritime Corporation Marine Shipping	43	Watch	—	0.0%	-13%	Operating profit does not cover interestVery high leverageLosses in 2 of the last 3 years	Details →
95	WNC	Wabash National Corporation Farm & Heavy Construction Machinery	43	Watch	50%	0.1%	-6%	Operating profit does not cover interestMaterial debt with no EBITDAOhlson O-score signals likely failure	Details →
96	BBUC	Brookfield Business Corporation Conglomerates	42	Watch	35%	52.3%	-30%	Market-implied default probability >20%Revenue collapseVery high leverage	Details →
97	NMAD	NOMAD Power Solutions, Inc. Electrical Equipment & Parts	42	Watch	100%	0.0%	-47%	Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure	Details →
98	PLUG	Plug Power Inc. Electrical Equipment & Parts	42	Watch	—	—	-58%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
99	STRR	Star Equity Holdings, Inc. Staffing & Employment Services	42	Watch	63%	0.3%	-17%	Operations consume cashOhlson O-score signals likely failureCash runway under 24 months	Details →
100	CBAT	CBAK Energy Technology Limited Electrical Equipment & Parts	41	Watch	91%	2.1%	-28%	Severe working-capital shortfallOhlson O-score signals likely failureLosses in 2 of the last 3 years	Details →
101	LIQT	LiqTech International, Inc. Pollution & Treatment Controls	40	Watch	—	—	-85%	Losses in each of the last 3 yearsOperations consume cashShare price down >80% from 52-week high	Details →
102	NEOV	NeoVolta Inc. Electrical Equipment & Parts	40	Watch	97%	0.2%	-57%	Losses in each of the last 3 yearsOperations consume cashOhlson O-score signals likely failure	Details →
103	CTNT	Cheetah Net Supply Chain Service Inc. Integrated Freight & Logistics	38	Watch	5%	99.4%	-100%	Market-implied default probability >20%Share price down >80% from 52-week highLosses in 2 of the last 3 years	Details →
104	CDZI	Cadiz Inc. Pollution & Treatment Controls	37	Watch	—	—	-49%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
105	EDRY	EuroDry Ltd. Marine Shipping	37	Watch	51%	0.0%	-15%	Operating profit does not cover interestLosses in each of the last 3 yearsOhlson O-score signals likely failure	Details →
106	FIP	FTAI Infrastructure Inc. Conglomerates	37	Watch	—	—	-58%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
107	TBI	TrueBlue, Inc. Staffing & Employment Services	37	Watch	—	—	-16%	Cash runway under 12 monthsLosses in each of the last 3 yearsOperations consume cash	Details →
108	UUU	Universal Safety Products, Inc Building Products & Equipment	37	Watch	63%	0.0%	-30%	Revenue collapseOhlson O-score signals likely failureHeavy shareholder dilution	Details →
109	INVE	Identiv, Inc. Building Products & Equipment	36	Watch	—	—	-55%	Operations consume cashLosses in 2 of the last 3 yearsSteep revenue decline	Details →
110	PCT	PureCycle Technologies, Inc. Pollution & Treatment Controls	36	Watch	—	—	-74%	Losses in each of the last 3 yearsOperations consume cashCash runway under 24 months	Details →
111	PPSI	Pioneer Power Solutions, Inc. Electrical Equipment & Parts	36	Watch	85%	0.0%	-49%	Operations consume cashOhlson O-score signals likely failureCash runway under 24 months	Details →
112	CVU	CPI Aerostructures, Inc. Aerospace & Defense	35	Watch	87%	0.0%	-13%	Cash runway under 12 monthsMaterial debt with no EBITDAOhlson O-score signals likely failure	Details →
113	EAF	GrafTech International Ltd. Electrical Equipment & Parts	35	Watch	—	—	-55%	Losses in each of the last 3 yearsOperations consume cashCash runway under 24 months	Details →
114	HHS	Harte Hanks, Inc. Conglomerates	35	Watch	—	—	-4%	Losses in each of the last 3 yearsOperations consume cashCash runway under 24 months	Details →
115	ITG	ITG, Inc. Engineering & Construction	35	Watch	74%	55.5%	-57%	Market-implied default probability >20%Thin interest coverageOhlson O-score signals likely failure	Details →
116	VOYG	Voyager Technologies, Inc. Aerospace & Defense	35	Watch	—	—	-46%	Losses in each of the last 3 yearsOperations consume cashCash runway under 24 months	Details →

Frequently asked questions

Which Industrials & Capital Goods companies are in financial distress?

As of 2026-10-08, 116 US Industrials & Capital Goods companies show financial-distress indicators (43 very weak, 30 weak and 43 on watch). The table on this page ranks them by score with the indicators behind each one. These are statistical signals, not predictions that any company will file.

How many Industrials & Capital Goods companies are in financial trouble?

116 of 613 analysed (19%); 43 are in the 'Very weak' band.

What are the biggest financial risks for Industrials & Capital Goods companies?

Capital goods, construction, airlines and transport — working-capital stress, order-book declines and project-finance leverage. Right now the most frequent red flags are losses in each of the last 3 years, cash runway under 12 months, operations consume cash and market-implied default probability >20%.

What happens to shareholders if a company becomes insolvent?

In a Chapter 11 reorganisation the absolute priority rule pays secured lenders, then unsecured creditors, before shareholders — so existing shares are usually cancelled or heavily diluted. In Chapter 7 the company is liquidated and shareholders rarely recover anything.

Financial distress in other sectors

🏦 Bank & Finance 57 🛡️ Insurance 6 💊 Pharma & Biotech 354 🩺 Healthcare & MedTech 98 💻 IT & Software 113 🔬 Semiconductor 15 🤖 AI 74 🖥️ Hardware & Electronics 40 📡 Telecom & Media 55 🛍️ Consumer Discretionary 91 🛒 Consumer Staples 41 🛢️ Energy, Oil & Gas 31 ⛏️ Metals, Mining & Chemicals 61 ⚡ Utilities & Power 14 🏢 Real Estate Cos & REITs 25 📦 SPACs & Shell Companies 0 ❔ Unclassified 235

Important: A listing means a company’s reported numbers resemble those of firms that later failed — it is not a statement that the company is insolvent, has defaulted or will enter insolvency proceedings. Recalculated every trading day. Not investment or legal advice.