CryoPort, Inc. — Earnings Quality Grade F
CYRX · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO increased by 10 days
AR growth 31.8% exceeds revenue growth 12.4%
Revenue 12.4%, CFFO 47.4%. Cash follows revenue
Expense Quality
Inventory 8.0% vs COGS 6.9%. Normal
CapEx growth -8.3% vs revenue 12.4%. Normal
SG&A/Gross Profit = 123.8%, exceeds 70%
Gross margin 47.1%, change +2.7pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF is negative ($-0.0B)
Accruals ratio = 11.4%. Exceeds 10%
Cash $0.4B covers debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 32% of equity
Interest coverage = -15.6x (<2x). Financial stress
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -1.76 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25