D

Gibraltar Industries, Inc. — Earnings Quality Grade D

ROCK · Industrials

Significant concerns

Revenue
$1.1B
2025
Net Income
-$44M
2025
Gross Margin
26.9%
Free Cash Flow
$121M
01

Screening Summary

12
Passed
3
Watch
2
Failed
-3.29
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 39 days, change -2 days YoY

A2AR vs Revenue Growth

AR growth 4.7% vs revenue growth 11.0%

A3Revenue vs CFFO

Revenue grew 11.0% but CFFO declined -4.2%

Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.

02

Expense Quality

B1Inventory vs COGS

Inventory 25.2% vs COGS 15.0%. Normal

!
B2CapEx vs Revenue

CapEx growth 173.7% is >2x revenue growth 11.0%

B3SG&A Ratio

SG&A/Gross Profit = 59.8%. Normal

B4Gross Margin

Gross margin 26.9%, change -2.6pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO/NI = -3.76. Below 1.0

C2Free Cash Flow

FCF $0.1B, FCF/NI = -2.72

C3Accruals Ratio

Accruals ratio = -15.2%. Low accruals

C4Cash vs Debt

Cash $0.1B covers debt $0.1B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.6B = 59% of equity. Over 50%

D2Leverage

Debt/EBITDA = 0.4x. Healthy

D3Soft Asset Growth

Other assets -92.2% vs revenue 11.0%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

!
E2Goodwill Surge

Goodwill+Intangibles surged 48% YoY

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.29 (< -2.22). Unlikely manipulator

Portfolio monitoring

Monitor ROCK 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-3.29
-4.0 Clean-2.22 Grey-1.78 Danger0
0.944
DSRI
AR growing faster than revenue?
1.096
GMI
Gross margin declining?
0.922
AQI
Asset quality deteriorating?
1.11
SGI
Revenue growth rate
0.935
DEPI
Depreciation slowing?
1.056
SGAI
SG&A ratio changing?
-0.1517
TATA
Accruals level
1.463
LVGI
Leverage increasing?
05

Altman Z-Score

6.03
Safe Zone
0 Distress1.102.605.0+ Safe
0.1886
Liquidity
0.5966
Cumulative profit
0.0881
Operating efficiency
2.1444
Leverage

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