NetScout Systems, Inc. — Earnings Quality Grade C
NTCT · Technology
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 73 days, change -12 days YoY
AR growth -14.8% vs revenue growth -0.8%
Revenue -0.8%, CFFO 270.1%. Cash follows revenue
Expense Quality
Inventory -13.8% vs COGS -4.6%. Normal
CapEx growth 5.3% vs revenue -0.8%. Normal
SG&A/Gross Profit = 56.6%. Normal
Gross margin 78.3%, change +0.9pp. Stable
Cash Flow Quality
CFFO/NI = -0.59. Below 1.0
FCF $0.2B, FCF/NI = -0.57
Accruals ratio = -26.7%. Low accruals
Cash $0.5B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $1.3B = 86% of equity. Over 50%
Debt/EBITDA = -0.1x. Healthy
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -26% YoY. Normal
Manipulation Score
M-Score = -3.90 (< -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