F

The Hackett Group, Inc. — Earnings Quality Grade F

HCKT · Technology

Major red flags

Revenue
$306M
2025
Net Income
$13M
2025
Gross Margin
38.3%
Free Cash Flow
$32M
01

Screening Summary

13
Passed
2
Watch
2
Failed
-3.49
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 39 days, change -3 days YoY

A2AR vs Revenue Growth

AR growth -9.7% vs revenue growth -2.6%

A3Revenue vs CFFO

Revenue -2.6%, CFFO -15.6%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

!
B2CapEx vs Revenue

CapEx growth 92.9% is >2x revenue growth -2.6%

!
B3SG&A Ratio

SG&A/Gross Profit = 77.3%, exceeds 70%

B4Gross Margin

Gross margin 38.3%, change -0.9pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 3.11. Profits backed by cash

C2Free Cash Flow

FCF $0.0B, FCF/NI = 2.51

C3Accruals Ratio

Accruals ratio = -13.3%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 23% of debt $0.1B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.1B = 138% of equity. Over 50%

D2Leverage

Debt/EBITDA = 2.7x. Healthy

D3Soft Asset Growth

Other assets 2.3% vs revenue -2.6%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 2% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.49 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-3.49
-4.0 Clean-2.22 Grey-1.78 Danger0
0.927
DSRI
AR growing faster than revenue?
1.024
GMI
Gross margin declining?
0.958
AQI
Asset quality deteriorating?
0.974
SGI
Revenue growth rate
0.887
DEPI
Depreciation slowing?
1.183
SGAI
SG&A ratio changing?
-0.1325
TATA
Accruals level
1.771
LVGI
Leverage increasing?
05

Altman Z-Score

3.64
Safe Zone
0 Distress1.102.605.0+ Safe
0.1701
Liquidity
0.3796
Cumulative profit
0.114
Operating efficiency
0.4922
Leverage

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