F

Ford Motor Company — Earnings Quality Grade F

F · Consumer Cyclical

Major red flags

Revenue
$187.3B
2025
Net Income
-$8.2B
2025
Gross Margin
0.9%
Free Cash Flow
$12.5B
01

Screening Summary

11
Passed
3
Watch
3
Failed
1.35
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 126 days, change -6 days YoY

A2AR vs Revenue Growth

AR growth -3.1% vs revenue growth 1.2%

A3Revenue vs CFFO

Revenue 1.2%, CFFO 38.0%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 2.2% vs COGS 9.5%. Normal

B2CapEx vs Revenue

CapEx growth 1.5% vs revenue 1.2%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 645.8%, exceeds 70%

!
B4Gross Margin

Gross margin swung -7.5pp (8.4% → 0.9%)

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO/NI = -2.60. Below 1.0

C2Free Cash Flow

FCF $12.5B, FCF/NI = -1.52

C3Accruals Ratio

Accruals ratio = -10.2%. Low accruals

C4Cash vs Debt

Cash $38.5B covers only 23% of debt $165.7B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

D2Leverage

Debt/EBITDA = 45.6x (>4x). Interest coverage = -6.9x (<2x). Financial stress

D3Soft Asset Growth

Other assets 6.4% vs revenue 1.2%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

No goodwill

06

Manipulation Score

F1Beneish M-Score

M-Score = 1.35 (> -1.78). LIKELY MANIPULATOR

Portfolio monitoring

Monitor F 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 Probability1.35
-4.0 Clean-2.22 Grey-1.78 Danger0
0.958
DSRI
AR growing faster than revenue?
9.343
GMI
Gross margin declining?
1.027
AQI
Asset quality deteriorating?
1.012
SGI
Revenue growth rate
0.469
DEPI
Depreciation slowing?
1.042
SGAI
SG&A ratio changing?
-0.1019
TATA
Accruals level
1.035
LVGI
Leverage increasing?
05

Altman Z-Score

0.35
Distress Zone
0 Distress1.102.605.0+ Safe
0.0297
Liquidity
0.0778
Cumulative profit
-0.0363
Operating efficiency
0.142
Leverage

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

Latest Quarterly Check

About this →

Across the last 5–6 quarters, F tripped 1 red flag.

  • Q2 · DSO driftDSO: 120 → 127 → 132 days

Updated 2026-05-19