First — Earnings Quality Grade F
FCF · Financial Services
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue 9.4%, CFFO 44.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 3.5% vs revenue 9.4%. Normal
Insufficient data
Insufficient data
Cash Flow Quality
CFFO/NI = 1.23. Profits backed by cash
FCF $0.2B, FCF/NI = 1.13
Accruals ratio = -0.3%. Low accruals
Cash $0.2B covers only 47% of debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 26% of equity. Manageable
Insufficient data
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 4% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
Monitor FCF continuously
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Altman Z-Score — Not Applicable
First is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25