Jabil Inc. — Earnings Quality Grade D
JBL · Technology
Significant concerns
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 49 days, change +5 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 3.2%, CFFO -4.4%. Cash follows revenue
Expense Quality
Inventory 9.5% vs COGS 3.6%. Normal
CapEx growth -40.3% vs revenue 3.2%. Normal
SG&A/Gross Profit = 42.4%. Normal
Gross margin 8.9%, change -0.4pp. Stable
Cash Flow Quality
CFFO/NI = 2.50. Profits backed by cash
FCF $1.2B, FCF/NI = 1.78
Accruals ratio = -5.3%. Low accruals
Cash $1.9B covers 57% of debt $3.4B
Balance Sheet Health
Goodwill+Intangibles $1.1B = 74% of equity. Over 50%
Debt/EBITDA = 2.0x. Healthy
Other assets -6.2% vs revenue 3.2%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 39% YoY
Manipulation Score
M-Score = -2.49 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10