ASML Holding N.V. - New York Re — Earnings Quality Grade A
ASML · Technology
Strong financial health
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 34 days, change -24 days YoY
AR growth -32.5% vs revenue growth 15.6%
Revenue 15.6%, CFFO 13.4%. Cash follows revenue
Expense Quality
Inventory 4.9% vs COGS 11.9%. Normal
CapEx growth -21.7% vs revenue 15.6%. Normal
SG&A/Gross Profit = 7.3%, excellent (<30%)
Gross margin 52.8%, change +1.6pp. Stable
Cash Flow Quality
CFFO/NI = 1.32. Profits backed by cash
FCF $11.0B, FCF/NI = 1.15
Accruals ratio = -6.0%. Low accruals
Cash $13.3B covers debt $4.4B
Balance Sheet Health
Goodwill+Intangibles $5.1B = 26% of equity. Manageable
Debt/EBITDA = 0.3x. Healthy
Other assets -55.1% vs revenue 15.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -2% YoY. Normal
Manipulation Score
M-Score = -3.01 (< -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 · 2026-04-08