Expro Group Holdings N.V. — Earnings Quality Grade B
XPRO · Energy
Generally healthy
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 108 days, change -2 days YoY
AR growth -7.8% vs revenue growth -6.2%
Revenue -6.2%, CFFO 24.0%. Cash follows revenue
Expense Quality
Inventory 5.6% vs COGS -5.4%. Normal
CapEx growth -21.7% vs revenue -6.2%. Normal
SG&A/Gross Profit = 39.6%. Normal
Gross margin 11.9%, change -0.7pp. Stable
Cash Flow Quality
CFFO/NI = 4.07. Profits backed by cash
FCF $0.1B, FCF/NI = 1.89
Accruals ratio = -7.0%. Low accruals
Cash $0.2B covers debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.6B = 39% of equity
Debt/EBITDA = 0.6x. Healthy
Other assets grew 56.7% vs revenue -6.2%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -7% YoY. Normal
Manipulation Score
M-Score = -2.82 (< -2.22). Unlikely 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