Benchmark Electronics, Inc. — Earnings Quality Grade A
BHE · Technology
Strong financial health
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 54 days, change -3 days YoY
AR growth -5.2% vs revenue growth 0.1%
Revenue 0.1%, CFFO -34.5%. Cash follows revenue
Expense Quality
Inventory -12.8% vs COGS 0.1%. Normal
CapEx growth 15.9% vs revenue 0.1%. Normal
SG&A/Gross Profit = 59.1%. Normal
Gross margin 10.2%, change -0.0pp. Stable
Cash Flow Quality
CFFO/NI = 4.99. Profits backed by cash
FCF $0.1B, FCF/NI = 3.44
Accruals ratio = -4.8%. Low accruals
Cash $0.3B covers debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 17% of equity. Manageable
Debt/EBITDA = 2.4x. Healthy
Other assets 6.0% vs revenue 0.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.73 (< -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