Granite Ridge Resources, Inc. — Earnings Quality Grade F
GRNT · Energy
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 60 days, change -7 days YoY
AR growth 6.4% vs revenue growth 18.5%
Revenue 18.5%, CFFO 7.5%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 20.8% vs revenue 18.5%. Normal
SG&A/Gross Profit = 25.4%, excellent (<30%)
Gross margin 27.1%, change -4.5pp. Stable
Cash Flow Quality
CFFO far exceeds NI (ratio 12.2x). Non-cash charges depressing profits
FCF < 50% of Net Income for 3 years
Accruals ratio = -23.3%. Low accruals
Cash $0.0B covers only 7% of debt $0.4B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 1.4x. Healthy
Other assets grew 37.3% vs revenue 18.5%
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.
No goodwill
Manipulation Score
M-Score = -3.13 (< -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