Greenbrier Companies, Inc. (The — Earnings Quality Grade F
GBX · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 59 days, change +5 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -8.6%, CFFO -19.4%. Cash follows revenue
Expense Quality
Inventory -10.7% vs COGS -11.8%. Normal
CapEx growth -29.6% vs revenue -8.6%. Normal
SG&A/Gross Profit = 43.3%. Normal
Gross margin 18.7%, change +3.0pp. Stable
Cash Flow Quality
CFFO/NI = 1.30. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -1.4%. Low accruals
Cash $0.3B covers only 17% of debt $1.8B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 10% of equity. Manageable
Debt/EBITDA = 3.8x. Healthy
Other assets -9.3% vs revenue -8.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.61 (< -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