F

Fidelity National Information S — Earnings Quality Grade F

FIS · Technology

Major red flags

Revenue
$10.7B
2025
Net Income
$382M
2025
Gross Margin
36.9%
Free Cash Flow
$1.8B
01

Screening Summary

13
Passed
2
Watch
2
Failed
-2.79
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 66 days, change -1 days YoY

A2AR vs Revenue Growth

AR growth 3.6% vs revenue growth 5.4%

A3Revenue vs CFFO

Revenue 5.4%, CFFO 36.0%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

!
B2CapEx vs Revenue

CapEx growth 21.1% is >2x revenue growth 5.4%

B3SG&A Ratio

SG&A/Gross Profit = 57.5%. Normal

B4Gross Margin

Gross margin 36.9%, change -0.7pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 7.37. Profits backed by cash

C2Free Cash Flow

FCF $1.8B, FCF/NI = 4.78

C3Accruals Ratio

Accruals ratio = -7.3%. Low accruals

C4Cash vs Debt

Cash $0.6B covers only 4% of debt $13.3B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $21.6B = 155% of equity. Over 50%

D2Leverage

Debt/EBITDA = 3.9x. Healthy

D3Soft Asset Growth

Other assets -37.4% vs revenue 5.4%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

!
E1Serial Acquirer FCF

FCF after acquisitions negative for 2/3 years

E2Goodwill Surge

Goodwill+Intangibles change 2% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.79 (< -2.22). Unlikely manipulator

04

Beneish M-Score

Manipulation Probability-2.79
-4.0 Clean-2.22 Grey-1.78 Danger0
0.983
DSRI
AR growing faster than revenue?
1.019
GMI
Gross margin declining?
1.022
AQI
Asset quality deteriorating?
1.054
SGI
Revenue growth rate
0.99
DEPI
Depreciation slowing?
0.982
SGAI
SG&A ratio changing?
-0.0727
TATA
Accruals level
1.067
LVGI
Leverage increasing?
05

Altman Z-Score

-1.76
Distress Zone
0 Distress1.102.605.0+ Safe
-0.0934
Liquidity
-0.6784
Cumulative profit
0.0468
Operating efficiency
0.7096
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09

Fidelity National Information S (FIS) 财报排雷评级 F — EarningsGrade