Park Aerospace Corp. — Earnings Quality Grade F
PKE · Industrials
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 76 days, change -5 days YoY
AR growth 4.2% vs revenue growth 10.8%
Revenue 10.8%, CFFO 7.0%. Cash follows revenue
Expense Quality
Inventory 12.6% vs COGS 12.4%. Normal
CapEx growth 37.8% is >2x revenue growth 10.8%
SG&A/Gross Profit = 46.7%. Normal
Gross margin 28.4%, change -1.1pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = 0.65
Accruals ratio = 1.0%. Low accruals
Cash $0.1B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 9% of equity. Manageable
Debt/EBITDA = 0.0x. Healthy
Other assets -14.9% vs revenue 10.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.37 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25