Deluxe Corporation — Earnings Quality Grade F
DLX · Industrials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 24 days, change +1 days YoY
AR growth 5.1% vs revenue growth 0.5%
Revenue 0.5%, CFFO 39.3%. Cash follows revenue
Expense Quality
Inventory -8.0% vs COGS 0.7%. Normal
CapEx growth 1.1% vs revenue 0.5%. Normal
SG&A/Gross Profit = 77.2%, exceeds 70%
Gross margin 53.0%, change -0.1pp. Stable
Cash Flow Quality
CFFO/NI = 3.30. Profits backed by cash
FCF $0.2B, FCF/NI = 2.14
Accruals ratio = -6.6%. Low accruals
Cash $0.0B covers only 2% of debt $1.5B
Balance Sheet Health
Goodwill+Intangibles $1.8B = 260% of equity. Over 50%
Debt/EBITDA = 3.9x. Healthy
Other assets 3.4% vs revenue 0.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 1% YoY. Normal
Manipulation Score
M-Score = -2.73 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
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Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25