CSG Systems International, Inc. — Earnings Quality Grade F
CSGS · Technology
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 +8 days YoY
AR growth 12.3% exceeds revenue growth 2.2%
Revenue 2.2%, CFFO 14.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -35.1% vs revenue 2.2%. Normal
SG&A/Gross Profit = 46.9%. Normal
Gross margin 49.0%, change +0.3pp. Stable
Cash Flow Quality
CFFO/NI = 2.79. Profits backed by cash
FCF $0.1B, FCF/NI = 2.53
Accruals ratio = -6.5%. Low accruals
Cash $0.2B covers only 32% of debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 157% of equity. Over 50%
Debt/EBITDA = 2.9x. Healthy
Other assets grew 107.3% vs revenue 2.2%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 2% YoY. Normal
Manipulation Score
M-Score = -2.70 (< -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