Beazer Homes USA, Inc. — Earnings Quality Grade F
BZH · 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 12 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 1.8%, CFFO 123.3%. Cash follows revenue
Expense Quality
Inventory -0.5% vs COGS 6.7%. Normal
CapEx growth 27.5% is >2x revenue growth 1.8%
SG&A/Gross Profit = 60.7%. Normal
Gross margin 14.2%, change -4.0pp. Stable
Cash Flow Quality
CFFO/NI = 0.70. Below 1.0
FCF < 50% of Net Income for 2 years
Accruals ratio = 0.5%. Low accruals
Cash $0.2B covers only 20% of debt $1.1B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 1% of equity. Manageable
Debt/EBITDA = 18.9x (>4x). Financial stress
Other assets 1.4% vs revenue 1.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.10 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25