Green Plains, Inc. — Earnings Quality Grade F
GPRE · Basic Materials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 13 days, change -1 days YoY
AR growth -21.6% vs revenue growth -14.9%
Revenue -14.9%, CFFO 470.0%. Cash follows revenue
Expense Quality
Inventory -34.9% vs COGS -16.0%. Normal
CapEx growth -60.9% vs revenue -14.9%. Normal
SG&A/Gross Profit = 89.6%, exceeds 70%
Gross margin 6.5%, change +1.2pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.1B, FCF/NI = -0.61
Accruals ratio = -14.7%. Low accruals
Cash $0.2B covers only 40% of debt $0.5B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 14.6x (>4x). Interest coverage = -1.1x (<2x). Financial stress
Other assets -58.1% vs revenue -14.9%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions negative for 2/3 years
No goodwill
Manipulation Score
M-Score = -3.54 (< -2.22). Unlikely manipulator
Portfolio monitoring
Monitor GPRE 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.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25