Mister Car Wash, Inc. — Earnings Quality Grade F
MCW · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 0 days, change -0 days YoY
AR growth -19.2% vs revenue growth 5.7%
Revenue 5.7%, CFFO 14.9%. Cash follows revenue
Expense Quality
Inventory -4.2% vs COGS 4.0%. Normal
CapEx growth -22.6% vs revenue 5.7%. Normal
SG&A/Gross Profit = 13.1%, excellent (<30%)
Gross margin 71.3%, change +0.5pp. Stable
Cash Flow Quality
CFFO/NI = 2.77. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -5.8%. Low accruals
Cash $0.0B covers only 2% of debt $1.8B
Balance Sheet Health
Goodwill+Intangibles $1.2B = 110% of equity. Over 50%
Debt/EBITDA = 6.1x (>4x). Financial stress
Other assets -30.4% vs revenue 5.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
M-Score = -2.87 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
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Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25