F

AMC Global Media Inc. — Earnings Quality Grade F

AMCX · Communication Services

Major red flags

Revenue
$2.3B
2025
Net Income
$89M
2025
Gross Margin
50.6%
Free Cash Flow
$272M
01

Screening Summary

15
Passed
1
Watch
2
Failed
-2.73
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 91 days, change -3 days YoY

A2AR vs Revenue Growth

AR growth -7.8% vs revenue growth -4.5%

A3Revenue vs CFFO

Revenue -4.5%, CFFO -18.6%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -25.6% vs revenue -4.5%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 69.9%. Normal

B4Gross Margin

Gross margin 50.6%, change -2.6pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 3.42. Profits backed by cash

C2Free Cash Flow

FCF $0.3B, FCF/NI = 3.05

C3Accruals Ratio

Accruals ratio = -5.5%. Low accruals

C4Cash vs Debt

Cash $0.5B covers only 27% of debt $1.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $2.1B = 215% of equity. Over 50%

!
D2Leverage

Interest coverage = 1.5x (<2x). Financial stress

D3Soft Asset Growth

Other assets 11.7% vs revenue -4.5%. Normal

D4Asset Impairment

Write-offs normal

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -3% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.73 (< -2.22). Unlikely manipulator

Portfolio monitoring

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04

Beneish M-Score

Manipulation Probability-2.73
-4.0 Clean-2.22 Grey-1.78 Danger0
0.966
DSRI
AR growing faster than revenue?
1.051
GMI
Gross margin declining?
1.098
AQI
Asset quality deteriorating?
0.955
SGI
Revenue growth rate
0.997
DEPI
Depreciation slowing?
1.097
SGAI
SG&A ratio changing?
-0.0549
TATA
Accruals level
0.917
LVGI
Leverage increasing?
05

Altman Z-Score

3.56
Safe Zone
0 Distress1.102.605.0+ Safe
0.1301
Liquidity
0.5528
Cumulative profit
0.0814
Operating efficiency
0.3359
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25