F

Cimpress PLC — Earnings Quality Grade F

CMPR · Industrials

Major red flags

Revenue
$3.4B
2025
Net Income
$15M
2025
Gross Margin
47.5%
Free Cash Flow
$145M
01

Screening Summary

13
Passed
3
Watch
1
Failed
-3.09
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 7 days, change +0 days YoY

A2AR vs Revenue Growth

AR growth 5.7% vs revenue growth 3.4%

A3Revenue vs CFFO

Revenue 3.4%, CFFO -15.0%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 16.3% vs COGS 5.3%. Normal

!
B2CapEx vs Revenue

CapEx growth 35.2% is >2x revenue growth 3.4%

B3SG&A Ratio

SG&A/Gross Profit = 63.8%. Normal

B4Gross Margin

Gross margin 47.5%, change -1.0pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO far exceeds NI (ratio 19.9x). Non-cash charges depressing profits

C2Free Cash Flow

FCF $0.1B, FCF/NI = 9.69

C3Accruals Ratio

Accruals ratio = -14.4%. Low accruals

C4Cash vs Debt

Cash $0.2B covers only 14% of debt $1.7B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $1.0B = -170% of equity. Manageable

!
D2Leverage

Debt/EBITDA = 4.8x (>4x). Financial stress

D3Soft Asset Growth

Other assets -27.0% vs revenue 3.4%. Normal

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 = -3.09 (< -2.22). Unlikely manipulator

Portfolio monitoring

Monitor CMPR continuously

The full checks and model details are free to read. Use Watchlist to track your holdings; Pro adds automatic quarterly rescoring, risk-event email alerts, scans up to 50 tickers, and export workflows.

04

Beneish M-Score

Manipulation Probability-3.09
-4.0 Clean-2.22 Grey-1.78 Danger0
1.023
DSRI
AR growing faster than revenue?
1.021
GMI
Gross margin declining?
0.951
AQI
Asset quality deteriorating?
1.034
SGI
Revenue growth rate
1.145
DEPI
Depreciation slowing?
1.003
SGAI
SG&A ratio changing?
-0.1439
TATA
Accruals level
0.995
LVGI
Leverage increasing?
05

Altman Z-Score

0
Distress Zone
0 Distress1.102.605.0+ Safe
-0.1301
Liquidity
0.1144
Cumulative profit
0.1078
Operating efficiency
-0.2305
Leverage

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