HealthStream, Inc. — Earnings Quality Grade C
HSTM · Healthcare
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 39 days, change +1 days YoY
AR growth 6.5% vs revenue growth 4.3%
Revenue 4.3%, CFFO 9.8%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 14.3% vs revenue 4.3%. Normal
SG&A/Gross Profit = 41.7%. Normal
Gross margin 64.7%, change -1.7pp. Stable
Cash Flow Quality
CFFO/NI = 3.45. Profits backed by cash
FCF $0.0B, FCF/NI = 1.70
Accruals ratio = -8.6%. Low accruals
Cash $0.1B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 93% of equity. Over 50%
Debt/EBITDA = 0.2x. Healthy
Other assets 18.9% vs revenue 4.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 13% YoY. Normal
Manipulation Score
M-Score = -2.78 (< -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