Chevron Corporation — Earnings Quality Grade F
CVX · Energy
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 36 days, change -3 days YoY
AR growth -12.6% vs revenue growth -4.6%
Revenue -4.6%, CFFO 7.8%. Cash follows revenue
Expense Quality
Inventory 7.0% vs COGS -6.0%. Normal
CapEx growth 5.5% vs revenue -4.6%. Normal
SG&A/Gross Profit = 9.1%, excellent (<30%)
Gross margin 30.4%, change +1.0pp. Stable
Cash Flow Quality
CFFO/NI = 2.76. Profits backed by cash
FCF $16.6B, FCF/NI = 1.35
Accruals ratio = -6.7%. Low accruals
Cash $6.3B covers only 15% of debt $40.8B
Balance Sheet Health
Goodwill+Intangibles $4.6B = 2% of equity. Manageable
Debt/EBITDA = 1.0x. Healthy
Other assets 6.0% vs revenue -4.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
M-Score = -3.01 (< -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 · 2026-04-10