F

Evolution Petroleum Corporation — Earnings Quality Grade F

EPM · Energy

Major red flags

Revenue
$86M
2025
Net Income
$1M
2025
Gross Margin
18.8%
Free Cash Flow
$11M
01

Screening Summary

14
Passed
1
Watch
1
Failed
-3.58
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 46 days, change -0 days YoY

A2AR vs Revenue Growth

AR growth -0.2% vs revenue growth -0.0%

A3Revenue vs CFFO

Revenue -0.0%, CFFO 45.4%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -56.4% vs revenue -0.0%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 64.1%. Normal

B4Gross Margin

Gross margin 18.8%, change -3.3pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO far exceeds NI (ratio 22.4x). Non-cash charges depressing profits

C2Free Cash Flow

FCF $0.0B, FCF/NI = 7.75

C3Accruals Ratio

Accruals ratio = -19.7%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 7% of debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

D2Leverage

Debt/EBITDA = 1.4x. Healthy

D3Soft Asset Growth

Insufficient data

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

No goodwill

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.58 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-3.58
-4.0 Clean-2.22 Grey-1.78 Danger0
0.998
DSRI
AR growing faster than revenue?
1.178
GMI
Gross margin declining?
0.437
AQI
Asset quality deteriorating?
1
SGI
Revenue growth rate
1
DEPI
Depreciation slowing?
1.073
SGAI
SG&A ratio changing?
-0.1971
TATA
Accruals level
1.082
LVGI
Leverage increasing?
05

Altman Z-Score

1.4
Grey Zone
0 Distress1.102.605.0+ Safe
-0.025
Liquidity
0.1568
Cumulative profit
0.0302
Operating efficiency
0.812
Leverage

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