Arhaus, Inc. — Earnings Quality Grade F
ARHS · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 0 days, change -0 days YoY
AR growth -47.0% vs revenue growth 8.5%
Revenue 8.5%, CFFO -7.0%. Cash follows revenue
Expense Quality
Inventory 14.1% vs COGS 9.5%. Normal
CapEx growth -27.5% vs revenue 8.5%. Normal
SG&A/Gross Profit = 83.4%, exceeds 70%
Gross margin 38.9%, change -0.5pp. Stable
Cash Flow Quality
CFFO/NI = 2.03. Profits backed by cash
FCF $0.1B, FCF/NI = 0.88
Accruals ratio = -5.0%. Low accruals
Cash $0.3B covers only 44% of debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 3% of equity. Manageable
Debt/EBITDA = 3.3x. Healthy
Other assets -8.4% vs revenue 8.5%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -3.17 (< -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