Fluence Energy, Inc. — Earnings Quality Grade C
FLNC · Utilities
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 48 days, change +7 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -16.1%, CFFO -282.6%. Cash follows revenue
Expense Quality
Inventory growth 149.2% exceeds COGS -16.6%
CapEx growth 57.0% is >2x revenue growth -16.1%
SG&A/Gross Profit = 82.0%, exceeds 70%
Gross margin 13.1%, change +0.4pp. Stable
Cash Flow Quality
CFFO/NI = 3.01. Profits backed by cash
FCF is negative ($-0.2B)
Accruals ratio = 4.1%. Low accruals
Cash $0.7B covers debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 21% of equity. Manageable
Debt/EBITDA = -23.0x. Healthy
Other assets grew 33.0% vs revenue -16.1%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = -2.37 (< -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