Tri Pointe Homes, Inc. — Earnings Quality Grade F
TPH · Consumer Cyclical
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 8 days, change +5 days YoY
AR growth 81.6% exceeds revenue growth -22.8%
Revenue -22.8%, CFFO -76.8%. Cash follows revenue
Expense Quality
Inventory growth 0.8% exceeds COGS -20.3%
CapEx growth 41.3% is >2x revenue growth -22.8%
SG&A/Gross Profit = 58.2%. Normal
Gross margin 21.0%, change -2.4pp. Stable
Cash Flow Quality
CFFO/NI = 0.67. Below 1.0
FCF $0.1B, FCF/NI = 0.53
Accruals ratio = 1.6%. Low accruals
Cash $1.0B covers 77% of debt $1.3B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 5% of equity. Manageable
Debt/EBITDA = 3.9x. Healthy
Other assets -11.8% vs revenue -22.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -1.35 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25