F

Chemours Company (The) — Earnings Quality Grade F

CC · Basic Materials

Major red flags

Revenue
$5.8B
2025
Net Income
-$386M
2025
Gross Margin
15.5%
Free Cash Flow
$51M
01

Screening Summary

13
Passed
1
Watch
3
Failed
-2.9
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 35 days, change -4 days YoY

A2AR vs Revenue Growth

AR growth -9.2% vs revenue growth 0.4%

A3Revenue vs CFFO

Revenue 0.4%, CFFO 141.7%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 7.2% vs COGS 5.7%. Normal

B2CapEx vs Revenue

CapEx growth -40.8% vs revenue 0.4%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 88.6%, exceeds 70%

B4Gross Margin

Gross margin 15.5%, change -4.2pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO < Net Income for 3 consecutive years

C2Free Cash Flow

FCF $0.1B, FCF/NI = -0.13

C3Accruals Ratio

Accruals ratio = -8.8%. Low accruals

C4Cash vs Debt

Cash $0.7B covers only 15% of debt $4.4B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.0B = 19% of equity. Manageable

D2Leverage

Debt/EBITDA = 13.2x (>4x). Interest coverage = -0.1x (<2x). Financial stress

D3Soft Asset Growth

Other assets -7.2% vs revenue 0.4%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -2% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.90 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.9
-4.0 Clean-2.22 Grey-1.78 Danger0
0.904
DSRI
AR growing faster than revenue?
1.272
GMI
Gross margin declining?
1.01
AQI
Asset quality deteriorating?
1.004
SGI
Revenue growth rate
0.846
DEPI
Depreciation slowing?
1.33
SGAI
SG&A ratio changing?
-0.0881
TATA
Accruals level
1.001
LVGI
Leverage increasing?
05

Altman Z-Score

1.74
Grey Zone
0 Distress1.102.605.0+ Safe
0.1781
Liquidity
0.1653
Cumulative profit
-0.0011
Operating efficiency
0.0351
Leverage

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