F

Janus International Group, Inc. — Earnings Quality Grade F

JBI · Industrials

Major red flags

Revenue
$884M
2025
Net Income
$54M
2025
Gross Margin
38.8%
Free Cash Flow
$114M
01

Screening Summary

15
Passed
1
Watch
2
Failed
-2.95
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 45 days, change -7 days YoY

A2AR vs Revenue Growth

AR growth -21.0% vs revenue growth -8.3%

A3Revenue vs CFFO

Revenue -8.3%, CFFO -9.4%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 9.9% vs COGS -4.4%. Normal

!
B2CapEx vs Revenue

CapEx growth 26.9% is >2x revenue growth -8.3%

B3SG&A Ratio

SG&A/Gross Profit = 67.3%. Normal

B4Gross Margin

Gross margin 38.8%, change -2.5pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.59. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 2.12

C3Accruals Ratio

Accruals ratio = -6.6%. Low accruals

C4Cash vs Debt

Cash $0.2B covers only 35% of debt $0.6B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.7B = 127% of equity. Over 50%

D2Leverage

Debt/EBITDA = 3.5x. Healthy

D3Soft Asset Growth

Other assets -8.6% vs revenue -8.3%. Normal

D4Asset Impairment

Write-offs normal

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -4% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.95 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.95
-4.0 Clean-2.22 Grey-1.78 Danger0
0.862
DSRI
AR growing faster than revenue?
1.064
GMI
Gross margin declining?
0.928
AQI
Asset quality deteriorating?
0.917
SGI
Revenue growth rate
1.104
DEPI
Depreciation slowing?
1.052
SGAI
SG&A ratio changing?
-0.0657
TATA
Accruals level
0.911
LVGI
Leverage increasing?
05

Altman Z-Score

3.82
Safe Zone
0 Distress1.102.605.0+ Safe
0.2318
Liquidity
0.2744
Cumulative profit
0.0867
Operating efficiency
0.7816
Leverage

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