Arcosa, Inc. — Earnings Quality Grade F
ACA · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 53 days, change +3 days YoY
AR growth 19.3% exceeds revenue growth 12.2%
Revenue grew 12.2% but CFFO declined -32.1%
Expense Quality
Inventory 17.9% vs COGS 8.8%. Normal
CapEx growth -12.7% vs revenue 12.2%. Normal
SG&A/Gross Profit = 47.5%. Normal
Gross margin 22.4%, change +2.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.64. Profits backed by cash
FCF $0.2B, FCF/NI = 0.84
Accruals ratio = -2.7%. Low accruals
Cash $0.2B covers only 14% of debt $1.5B
Balance Sheet Health
Goodwill+Intangibles $1.7B = 63% of equity. Over 50%
Debt/EBITDA = 2.7x. Healthy
Other assets -12.2% vs revenue 12.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -2% YoY. Normal
Manipulation Score
M-Score = -2.46 (< -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