C
GPGI, Inc. — Earnings Quality Grade C
GPGI · Industrials
Some red flags
Revenue
$60M
2025
Net Income
-$136M
2025
Gross Margin
48.1%
Free Cash Flow
-$23M
01
Screening Summary
11
Passed
4
Watch
0
Failed
-4.99
M-Score
管理层信号
最近 SEC 8-K 文件中未发现 CEO、CFO、董事会或审计负责人变动信号。
02
Financial Trends
Revenue & Net Income ($B)
Margins (%)
03
18-Point Screening
01
Revenue Quality
—
A1DSO Change
Insufficient data
✓
A2AR vs Revenue Growth
AR growth -100.0% vs revenue growth -85.8%
✓
A3Revenue vs CFFO
Revenue -85.8%, CFFO -117.7%. Cash follows revenue
02
Expense Quality
✓
B1Inventory vs COGS
No material inventory
✓
B2CapEx vs Revenue
CapEx growth -95.4% vs revenue -85.8%. Normal
!
B3SG&A Ratio
SG&A/Gross Profit = 147.8%, exceeds 70%
✓
B4Gross Margin
Gross margin 48.1%, change -4.1pp. Stable
03
Cash Flow Quality
!
C1CFFO vs Net Income
CFFO/NI = 0.17. Below 1.0
!
C2Free Cash Flow
FCF is negative ($-0.0B)
✓
C3Accruals Ratio
Accruals ratio = -21.9%. Low accruals
✓
C4Cash vs Debt
Cash $0.1B covers debt $0.0B
04
Balance Sheet Health
✓
D1Goodwill + Intangibles
No goodwill. Clean balance sheet
!
D2Leverage
Interest coverage = -4.1x (<2x). Financial stress
—
D3Soft Asset Growth
Insufficient data
—
D4Asset Impairment
No write-off data
05
Acquisition Risk
✓
E1Serial Acquirer FCF
FCF after acquisitions positive
✓
E2Goodwill Surge
No goodwill
06
Manipulation Score
✓
F1Beneish M-Score
M-Score = -4.99 (< -2.22). Unlikely manipulator
04
Beneish M-Score
Manipulation Probability-4.99
-4.0 Clean-2.22 Grey-1.78 Danger0
0
DSRI
AR growing faster than revenue?
1.085
GMI
Gross margin declining?
1.342
AQI
Asset quality deteriorating?
0.142
SGI
Revenue growth rate
1
DEPI
Depreciation slowing?
2.676
SGAI
SG&A ratio changing?
-0.2187
TATA
Accruals level
0.067
LVGI
Leverage increasing?
05
Altman Z-Score
-3.52
Distress Zone0 Distress1.102.605.0+ Safe
0.1955
Liquidity
-0.8721
Cumulative profit
-0.43
Operating efficiency
0.887
Leverage
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25