Hudson Technologies, Inc. — Earnings Quality Grade F
HDSN · Basic Materials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 25 days, change +4 days YoY
AR growth 25.5% exceeds revenue growth 4.0%
Revenue 4.0%, CFFO -103.4%. Cash follows revenue
Expense Quality
Inventory growth 41.2% exceeds COGS 7.6%
CapEx growth -4.7% vs revenue 4.0%. Normal
SG&A/Gross Profit = 64.8%. Normal
Gross margin 25.2%, change -2.5pp. Stable
Cash Flow Quality
CFFO/NI = -0.19. Only -19% of profit backed by cash
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.0B)
Accruals ratio = 6.2%. Elevated
Cash $0.0B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 31% of equity
Debt/EBITDA = 0.2x. Healthy
Other assets -0.3% vs revenue 4.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.04 (grey zone)
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25