F

Columbus McKinnon Corporation — Earnings Quality Grade F

CMCO · Industrials

Major red flags

Revenue
$963M
2025
Net Income
-$5M
2025
Gross Margin
33.8%
Free Cash Flow
$24M
01

Screening Summary

11
Passed
1
Watch
4
Failed
-2.59
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 63 days, change +1 days YoY

A2AR vs Revenue Growth

AR outpaced revenue for 2 consecutive years

A3Revenue vs CFFO

Revenue -5.0%, CFFO -32.1%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 6.7% vs COGS -0.2%. Normal

B2CapEx vs Revenue

CapEx growth -13.7% vs revenue -5.0%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 66.7%. Normal

B4Gross Margin

Gross margin 33.8%, change -3.2pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO/NI = -8.88. Below 1.0

C2Free Cash Flow

FCF $0.0B, FCF/NI = -4.71

C3Accruals Ratio

Accruals ratio = -2.9%. Low accruals

C4Cash vs Debt

Cash $0.1B covers only 10% of debt $0.5B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $1.1B = 121% of equity. Over 50%

D2Leverage

Debt/EBITDA = 7.2x (>4x). Interest coverage = 1.7x (<2x). Financial stress

D3Soft Asset Growth

Insufficient data

D4Asset Impairment

No write-off data

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 = -2.59 (< -2.22). Unlikely manipulator

Portfolio monitoring

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04

Beneish M-Score

Manipulation Probability-2.59
-4.0 Clean-2.22 Grey-1.78 Danger0
1.017
DSRI
AR growing faster than revenue?
1.094
GMI
Gross margin declining?
1.017
AQI
Asset quality deteriorating?
0.95
SGI
Revenue growth rate
0.966
DEPI
Depreciation slowing?
1.078
SGAI
SG&A ratio changing?
-0.0292
TATA
Accruals level
0.96
LVGI
Leverage increasing?
05

Altman Z-Score

2.69
Safe Zone
0 Distress1.102.605.0+ Safe
0.1195
Liquidity
0.2198
Cumulative profit
0.0155
Operating efficiency
1.0297
Leverage

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