Invesco Ltd — Earnings Quality Grade F
IVZ · Financial Services
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 66 days, change -1 days YoY
AR growth 3.4% vs revenue growth 5.1%
Revenue 5.1%, CFFO 28.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 22.0% is >2x revenue growth 5.1%
SG&A/Gross Profit = 29.4%, excellent (<30%)
Gross margin 35.2%, change +1.8pp. Stable
Cash Flow Quality
CFFO/NI = -5.41. Below 1.0
FCF $1.4B, FCF/NI = -5.12
Accruals ratio = -6.7%. Low accruals
Cash $2.0B covers only 20% of debt $9.8B
Balance Sheet Health
Goodwill+Intangibles $12.4B = 101% of equity. Over 50%
Debt/EBITDA = 6.4x (>4x). Interest coverage = -8.4x (<2x). Financial stress
Other assets -23.5% vs revenue 5.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -12% YoY. Normal
Manipulation Score
M-Score = -2.89 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Invesco Ltd 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 · 2026-04-09