ProPetro Holding Corp. — Earnings Quality Grade F
PUMP · Energy
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 58 days, change +8 days YoY
AR growth 2.4% vs revenue growth -12.1%
Revenue -12.1%, CFFO -8.2%. Cash follows revenue
Expense Quality
Inventory -17.6% vs COGS -11.4%. Normal
CapEx growth 32.8% is >2x revenue growth -12.1%
SG&A/Gross Profit = 85.3%, exceeds 70%
Gross margin 9.9%, change -0.8pp. Stable
Cash Flow Quality
CFFO far exceeds NI (ratio 281.1x). Non-cash charges depressing profits
FCF $0.0B, FCF/NI = 54.96
Accruals ratio = -17.9%. Low accruals
Cash $0.1B covers only 43% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 7% of equity. Manageable
Debt/EBITDA = 1.1x. Healthy
Other assets -72.9% vs revenue -12.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -14% YoY. Normal
Manipulation Score
M-Score = -3.42 (< -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