CRA International,Inc. — Earnings Quality Grade F
CRAI · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 89 days, change +3 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 9.3%, CFFO -54.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -76.7% vs revenue 9.3%. Normal
SG&A/Gross Profit = 58.1%. Normal
Gross margin 30.9%, change +0.7pp. Stable
Cash Flow Quality
CFFO/NI = 0.41. Only 41% of profit backed by cash
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = 0.34
Accruals ratio = 5.1%. Elevated
Cash $0.0B covers only 14% of debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 47% of equity
Debt/EBITDA = 1.1x. Healthy
Other assets -53.4% vs revenue 9.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.18 (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