F

Getty Realty Corporation — Earnings Quality Grade F

GTY · Real Estate

Major red flags

Revenue
$222M
2025
Net Income
$79M
2025
Gross Margin
96.1%
Free Cash Flow
$127M
01

Screening Summary

14
Passed
2
Watch
1
Failed
-2.65
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 4 days, change -1 days YoY

A2AR vs Revenue Growth

AR growth -5.7% vs revenue growth 9.0%

A3Revenue vs CFFO

Revenue 9.0%, CFFO -2.3%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -51.1% vs revenue 9.0%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 12.8%, excellent (<30%)

B4Gross Margin

Gross margin 96.1%, change +3.4pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.61. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 1.60

C3Accruals Ratio

Accruals ratio = -2.2%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 1% of debt $1.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

!
D2Leverage

Debt/EBITDA = 5.3x (>4x). Financial stress

!
D3Soft Asset Growth

Other assets grew 27.8% vs revenue 9.0%

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 = -2.65 (< -2.22). Unlikely manipulator

Portfolio monitoring

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04

Beneish M-Score

Manipulation Probability-2.65
-4.0 Clean-2.22 Grey-1.78 Danger0
0.865
DSRI
AR growing faster than revenue?
0.965
GMI
Gross margin declining?
1.007
AQI
Asset quality deteriorating?
1.09
SGI
Revenue growth rate
0.963
DEPI
Depreciation slowing?
0.99
SGAI
SG&A ratio changing?
-0.0222
TATA
Accruals level
0.998
LVGI
Leverage increasing?

Altman Z-Score — Not Applicable

Getty Realty Corporation 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