F

Ladder Capital Corp — Earnings Quality Grade F

LADR · Real Estate

Major red flags

Revenue
$213M
2025
Net Income
$64M
2025
Gross Margin
Free Cash Flow
$87M
01

Screening Summary

8
Passed
2
Watch
1
Failed
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 increased by 10 days

!
A2AR vs Revenue Growth

AR growth 22.8% exceeds revenue growth -23.3%

A3Revenue vs CFFO

Revenue -23.3%, CFFO -35.0%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

Insufficient data

B3SG&A Ratio

Insufficient data

B4Gross Margin

Insufficient data

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.36. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 1.36

C3Accruals Ratio

Accruals ratio = -0.4%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 1% of debt $2.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.1B = 8% of equity. Manageable

D2Leverage

Insufficient data

D3Soft Asset Growth

Insufficient data

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 8% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Portfolio monitoring

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Altman Z-Score — Not Applicable

Ladder Capital Corp 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