B

Signet Jewelers Limited — Earnings Quality Grade B

SIG · Consumer Cyclical

Generally healthy

Revenue
$6.8B
2026
Net Income
$294M
2026
Gross Margin
39.5%
Free Cash Flow
$525M
01

Screening Summary

11
Passed
3
Watch
0
Failed
M-Score

Management Signals

View all →
Routine2026-05-08
Jeffrey Gennette · BoardInterim
SEC

Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available

02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

Insufficient data

A2AR vs Revenue Growth

Insufficient data

A3Revenue vs CFFO

Revenue 1.6%, CFFO 14.9%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 0.1% vs COGS 1.0%. Normal

B2CapEx vs Revenue

CapEx growth 0.3% vs revenue 1.6%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 80.7%, exceeds 70%

B4Gross Margin

Gross margin 39.5%, change +0.4pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.31. Profits backed by cash

C2Free Cash Flow

FCF $0.5B, FCF/NI = 1.78

C3Accruals Ratio

Accruals ratio = -6.5%. Low accruals

!
C4Cash vs Debt

Cash $0.9B covers 72% of debt $1.2B

04

Balance Sheet Health

!
D1Goodwill + Intangibles

Goodwill+Intangibles $0.7B = 36% of equity

D2Leverage

Debt/EBITDA = 1.8x. Healthy

D3Soft Asset Growth

Other assets -7.6% vs revenue 1.6%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -9% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Portfolio monitoring

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05

Altman Z-Score

4.53
Safe Zone
0 Distress1.102.605.0+ Safe
0.1906
Liquidity
0.6698
Cumulative profit
0.0866
Operating efficiency
0.4933
Leverage

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

·Latest Quarterly Check

About this →

SIG is sitting near the watch threshold across the last 5–6 quarters.

  • Q3 · GM compressionGM: 38.8% → 35.8% (-302 bp)

Updated 2026-06-09