F

NCR Atleos Corporation — Earnings Quality Grade F

NATL · Technology

Major red flags

Revenue
$4.4B
2025
Net Income
$162M
2025
Gross Margin
24.4%
Free Cash Flow
$200M
01

Screening Summary

14
Passed
1
Watch
2
Failed
-2.63
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 44 days, change -0 days YoY

A2AR vs Revenue Growth

AR growth 1.0% vs revenue growth 1.1%

A3Revenue vs CFFO

Revenue 1.1%, CFFO 3.5%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 11.4% vs COGS 0.2%. Normal

B2CapEx vs Revenue

CapEx growth 12.2% vs revenue 1.1%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 48.4%. Normal

B4Gross Margin

Gross margin 24.4%, change +0.7pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.20. Profits backed by cash

C2Free Cash Flow

FCF $0.2B, FCF/NI = 1.23

C3Accruals Ratio

Accruals ratio = -3.4%. Low accruals

C4Cash vs Debt

Cash $0.5B covers only 16% of debt $2.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $2.5B = 609% of equity. Over 50%

!
D2Leverage

Interest coverage = 1.8x (<2x). Financial stress

D3Soft Asset Growth

Other assets -1.9% vs revenue 1.1%. 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 = -2.63 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.63
-4.0 Clean-2.22 Grey-1.78 Danger0
0.998
DSRI
AR growing faster than revenue?
0.972
GMI
Gross margin declining?
0.973
AQI
Asset quality deteriorating?
1.011
SGI
Revenue growth rate
1.105
DEPI
Depreciation slowing?
0.974
SGAI
SG&A ratio changing?
-0.0342
TATA
Accruals level
0.974
LVGI
Leverage increasing?
05

Altman Z-Score

0.71
Distress Zone
0 Distress1.102.605.0+ Safe
-0.0132
Liquidity
0.0528
Cumulative profit
0.081
Operating efficiency
0.0765
Leverage

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