In recent years, market and accounting information have been combined and hazard models have been made to predict financial distress ​​, but few studies have examined these models in the Iran economic environment. Therefore, the prediction power of bankruptcy hazard model of Shumway (2001) is compared with the accounting model of Pourheydari and Koopaee Haji (2010) and the contingent claims model of Bharath and Shumway (2008) in this study. This study is fundamental- experimental based on the purpose and it is correlation based on the method. To test hypothesis of research with intentionally omitting selected 242 non- financial firms consist 2281 firm- year of the Tehran Stock Exchange between 2004 and 2015. For data analysis, logistic regression function and Receiver Operating Characteristic curve were used. The results show that the hazard model for the bankruptcy prediction in the Iran economic environment is usable and it is more accurate than the traditional accounting models Pourheydari and Koopayee Haji (2010) and contingent claims model of Bharath and Shumway (2008).