FactSet Research Systems Inc. — Earnings Quality Grade F
FDS · Financial Services
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 43 days, change +5 days YoY
AR growth 18.7% exceeds revenue growth 5.4%
Revenue 5.4%, CFFO 3.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 27.0% is >2x revenue growth 5.4%
SG&A/Gross Profit = 38.9%. Normal
Gross margin 52.7%, change -1.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.22. Profits backed by cash
FCF $0.6B, FCF/NI = 1.03
Accruals ratio = -3.0%. Low accruals
Cash $0.4B covers only 23% of debt $1.6B
Balance Sheet Health
Goodwill+Intangibles $3.2B = 146% of equity. Over 50%
Debt/EBITDA = 1.6x. Healthy
Other assets 17.8% vs revenue 5.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 12% YoY. Normal
Manipulation Score
M-Score = -2.40 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
FactSet Research Systems Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09