F

Lands' End, Inc. — Earnings Quality Grade F

LE · Consumer Cyclical

Major red flags

Revenue
$1.3B
2026
Net Income
$6M
2026
Gross Margin
48.7%
Free Cash Flow
$20M
01

Screening Summary

13
Passed
3
Watch
1
Failed
-2.88
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 11 days, change -2 days YoY

A2AR vs Revenue Growth

AR growth -13.7% vs revenue growth -2.0%

A3Revenue vs CFFO

Revenue -2.0%, CFFO -6.6%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 1.4% vs COGS -3.5%. Normal

B2CapEx vs Revenue

CapEx growth -22.6% vs revenue -2.0%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 86.3%, exceeds 70%

B4Gross Margin

Gross margin 48.7%, change +0.8pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 9.01. Profits backed by cash

C2Free Cash Flow

FCF $0.0B, FCF/NI = 3.70

C3Accruals Ratio

Accruals ratio = -5.9%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 7% of debt $0.2B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

!
D2Leverage

Interest coverage = 1.2x (<2x). Financial stress

!
D3Soft Asset Growth

Other assets grew 12769.7% vs revenue -2.0%

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -100% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.88 (< -2.22). Unlikely manipulator

Portfolio monitoring

Monitor LE continuously

The full checks and model details are free to read. Use Watchlist to track your holdings; Pro adds automatic quarterly rescoring, risk-event email alerts, scans up to 50 tickers, and export workflows.

04

Beneish M-Score

Manipulation Probability-2.88
-4.0 Clean-2.22 Grey-1.78 Danger0
0.881
DSRI
AR growing faster than revenue?
0.984
GMI
Gross margin declining?
1.018
AQI
Asset quality deteriorating?
0.98
SGI
Revenue growth rate
1.065
DEPI
Depreciation slowing?
1.02
SGAI
SG&A ratio changing?
-0.0587
TATA
Accruals level
0.987
LVGI
Leverage increasing?
05

Altman Z-Score

1.72
Grey Zone
0 Distress1.102.605.0+ Safe
0.1825
Liquidity
-0.1183
Cumulative profit
0.0592
Operating efficiency
0.4821
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25