F
The Cigna Group — Earnings Quality Grade F
CI · Healthcare
Major red flags
Revenue
$274.9B
2025
Net Income
$6.0B
2025
Gross Margin
—
Free Cash Flow
$8.4B
01
Screening Summary
9
Passed
0
Watch
3
Failed
—
M-Score
02
Financial Trends
Revenue & Net Income ($B)
Margins (%)
03
18-Point Screening
01
Revenue Quality
✓
A1DSO Change
DSO 43 days, change -2 days YoY
✓
A2AR vs Revenue Growth
AR growth 7.4% vs revenue growth 12.5%
✗
A3Revenue vs CFFO
Revenue grew 12.5% but CFFO declined -7.4%
02
Expense Quality
✓
B1Inventory vs COGS
No material inventory
✓
B2CapEx vs Revenue
CapEx growth -13.8% vs revenue 12.5%. Normal
—
B3SG&A Ratio
Insufficient data
—
B4Gross Margin
Insufficient data
03
Cash Flow Quality
✓
C1CFFO vs Net Income
CFFO/NI = 1.61. Profits backed by cash
✓
C2Free Cash Flow
FCF $8.4B, FCF/NI = 1.41
✓
C3Accruals Ratio
Accruals ratio = -2.3%. Low accruals
✗
C4Cash vs Debt
Cash $8.6B covers only 27% of debt $31.5B
04
Balance Sheet Health
✗
D1Goodwill + Intangibles
Goodwill+Intangibles $73.5B = 176% of equity. Over 50%
—
D2Leverage
Insufficient data
—
D3Soft Asset Growth
Insufficient data
—
D4Asset Impairment
No write-off data
05
Acquisition Risk
✓
E1Serial Acquirer FCF
FCF after acquisitions positive
✓
E2Goodwill Surge
Goodwill+Intangibles change -0% YoY. Normal
06
Manipulation Score
—
F1Beneish M-Score
Insufficient data
05
Altman Z-Score
1.76
Grey Zone0 Distress1.102.605.0+ Safe
0
Liquidity
0.3031
Cumulative profit
0.0582
Operating efficiency
0.3595
Leverage
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09