Driven Brands Holdings Inc. — Earnings Quality Grade F
DRVN · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 28 days, change +4 days YoY
AR growth 18.7% exceeds revenue growth 1.5%
Revenue 1.5%, CFFO 2.7%. Cash follows revenue
Expense Quality
Inventory -18.8% vs COGS -1.4%. Normal
CapEx growth -51.6% vs revenue 1.5%. Normal
SG&A/Gross Profit = 60.5%. Normal
Gross margin 46.4%, change +1.6pp. Stable
Cash Flow Quality
CFFO/NI = -0.83. Below 1.0
FCF is negative ($-0.0B)
Accruals ratio = -10.1%. Low accruals
Cash $0.2B covers only 4% of debt $4.0B
Balance Sheet Health
Goodwill+Intangibles $2.1B = 341% of equity. Over 50%
Debt/EBITDA = 144.2x (>4x). Interest coverage = 1.6x (<2x). Financial stress
Other assets grew 121.7% vs revenue 1.5%
Write-offs surged 193% YoY, = 133% of NI. Possible big bath
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change -6% YoY. Normal
Manipulation Score
M-Score = -2.83 (< -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