C

Atkore Inc. — Earnings Quality Grade C

ATKR · Industrials

Some red flags

Revenue
$2.9B
2025
Net Income
-$15M
2025
Gross Margin
23.7%
Free Cash Flow
$296M
01

Screening Summary

12
Passed
5
Watch
0
Failed
-3.16
M-Score

管理层信号

最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 57 days, change +1 days YoY

A2AR vs Revenue Growth

AR growth -8.8% vs revenue growth -11.0%

A3Revenue vs CFFO

Revenue -11.0%, CFFO -26.6%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory -7.6% vs COGS 2.4%. Normal

B2CapEx vs Revenue

CapEx growth -28.5% vs revenue -11.0%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 58.7%. Normal

!
B4Gross Margin

Gross margin swung -9.9pp (33.7% → 23.7%)

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO/NI = -26.54. Below 1.0

C2Free Cash Flow

FCF $0.3B, FCF/NI = -19.48

C3Accruals Ratio

Accruals ratio = -14.7%. Low accruals

!
C4Cash vs Debt

Cash $0.5B covers 54% of debt $0.9B

04

Balance Sheet Health

!
D1Goodwill + Intangibles

Goodwill+Intangibles $0.5B = 33% of equity

!
D2Leverage

Debt/EBITDA = 5.3x (>4x). Financial stress

D3Soft Asset Growth

Other assets -2.3% vs revenue -11.0%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -30% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.16 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-3.16
-4.0 Clean-2.22 Grey-1.78 Danger0
1.025
DSRI
AR growing faster than revenue?
1.419
GMI
Gross margin declining?
0.798
AQI
Asset quality deteriorating?
0.89
SGI
Revenue growth rate
0.876
DEPI
Depreciation slowing?
1.121
SGAI
SG&A ratio changing?
-0.1465
TATA
Accruals level
1.064
LVGI
Leverage increasing?
05

Altman Z-Score

4.54
Safe Zone
0 Distress1.102.605.0+ Safe
0.3774
Liquidity
0.3119
Cumulative profit
0.0051
Operating efficiency
0.962
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25