F

Diebold Nixdorf Incorporated — Earnings Quality Grade F

DBD · Technology

Major red flags

Revenue
$3.8B
2025
Net Income
$95M
2025
Gross Margin
25.3%
Free Cash Flow
$239M
01

Screening Summary

14
Passed
2
Watch
2
Failed
-2.68
M-Score

管理层信号

最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 58 days, change +1 days YoY

A2AR vs Revenue Growth

AR growth 3.6% vs revenue growth 1.5%

A3Revenue vs CFFO

Revenue 1.5%, CFFO 101.5%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory -1.3% vs COGS 0.5%. Normal

!
B2CapEx vs Revenue

CapEx growth 52.7% is >2x revenue growth 1.5%

B3SG&A Ratio

SG&A/Gross Profit = 65.8%. Normal

B4Gross Margin

Gross margin 25.3%, change +0.7pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 3.18. Profits backed by cash

C2Free Cash Flow

FCF $0.2B, FCF/NI = 2.53

C3Accruals Ratio

Accruals ratio = -5.3%. Low accruals

C4Cash vs Debt

Cash $0.4B covers only 42% of debt $0.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $1.4B = 130% of equity. Over 50%

D2Leverage

Debt/EBITDA = 2.8x. Healthy

!
D3Soft Asset Growth

Other assets grew 24.1% vs revenue 1.5%

D4Asset Impairment

Write-offs normal

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 5% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.68 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.68
-4.0 Clean-2.22 Grey-1.78 Danger0
1.021
DSRI
AR growing faster than revenue?
0.971
GMI
Gross margin declining?
1.005
AQI
Asset quality deteriorating?
1.015
SGI
Revenue growth rate
1.134
DEPI
Depreciation slowing?
0.969
SGAI
SG&A ratio changing?
-0.0535
TATA
Accruals level
0.968
LVGI
Leverage increasing?
05

Altman Z-Score

1.57
Grey Zone
0 Distress1.102.605.0+ Safe
0.1077
Liquidity
0.0238
Cumulative profit
0.0547
Operating efficiency
0.4
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25