F

Myers Industries, Inc. — Earnings Quality Grade F

MYE · Consumer Cyclical

Major red flags

Revenue
$826M
2025
Net Income
$35M
2025
Gross Margin
33.4%
Free Cash Flow
$67M
01

Screening Summary

15
Passed
1
Watch
2
Failed
-2.66
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 55 days, change +8 days YoY

!
A2AR vs Revenue Growth

AR growth 14.6% exceeds revenue growth -1.3%

A3Revenue vs CFFO

Revenue -1.3%, CFFO 9.4%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory -11.3% vs COGS -2.8%. Normal

B2CapEx vs Revenue

CapEx growth -20.0% vs revenue -1.3%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 66.5%. Normal

B4Gross Margin

Gross margin 33.4%, change +1.0pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.48. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 1.92

C3Accruals Ratio

Accruals ratio = -6.1%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 12% of debt $0.4B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.4B = 138% of equity. Over 50%

D2Leverage

Debt/EBITDA = 3.3x. Healthy

D3Soft Asset Growth

Other assets -26.7% vs revenue -1.3%. Normal

D4Asset Impairment

Write-offs normal

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -3% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.66 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.66
-4.0 Clean-2.22 Grey-1.78 Danger0
1.16
DSRI
AR growing faster than revenue?
0.969
GMI
Gross margin declining?
0.97
AQI
Asset quality deteriorating?
0.987
SGI
Revenue growth rate
0.918
DEPI
Depreciation slowing?
0.999
SGAI
SG&A ratio changing?
-0.0609
TATA
Accruals level
0.966
LVGI
Leverage increasing?
05

Altman Z-Score

1.88
Grey Zone
0 Distress1.102.605.0+ Safe
0.1321
Liquidity
-0.0398
Cumulative profit
0.0876
Operating efficiency
0.5281
Leverage

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