F

Griffon Corporation — Earnings Quality Grade F

GFF · Industrials

Major red flags

Revenue
$2.5B
2025
Net Income
$51M
2025
Gross Margin
42.0%
Free Cash Flow
$304M
01

Screening Summary

14
Passed
1
Watch
2
Failed
-3.37
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 42 days, change -1 days YoY

A2AR vs Revenue Growth

AR growth -7.0% vs revenue growth -3.9%

A3Revenue vs CFFO

Revenue -3.9%, CFFO -5.6%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 3.6% vs COGS -8.8%. Normal

B2CapEx vs Revenue

CapEx growth -23.3% vs revenue -3.9%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 57.5%. Normal

B4Gross Margin

Gross margin 42.0%, change +3.1pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 6.97. Profits backed by cash

C2Free Cash Flow

FCF $0.3B, FCF/NI = 5.94

C3Accruals Ratio

Accruals ratio = -14.8%. Low accruals

C4Cash vs Debt

Cash $0.1B covers only 6% of debt $1.6B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.7B = 921% of equity. Over 50%

!
D2Leverage

Debt/EBITDA = 5.6x (>4x). Financial stress

D3Soft Asset Growth

Other assets -9.3% vs revenue -3.9%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -28% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.37 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-3.37
-4.0 Clean-2.22 Grey-1.78 Danger0
0.968
DSRI
AR growing faster than revenue?
0.926
GMI
Gross margin declining?
0.833
AQI
Asset quality deteriorating?
0.961
SGI
Revenue growth rate
0.971
DEPI
Depreciation slowing?
1.018
SGAI
SG&A ratio changing?
-0.1478
TATA
Accruals level
1.071
LVGI
Leverage increasing?
05

Altman Z-Score

3.29
Safe Zone
0 Distress1.102.605.0+ Safe
0.2694
Liquidity
0.2321
Cumulative profit
0.1082
Operating efficiency
0.0372
Leverage

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