NWPX Infrastructure, Inc. — Earnings Quality Grade F
NWPX · Basic Materials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 54 days, change +5 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 6.8%, CFFO 22.2%. Cash follows revenue
Expense Quality
Inventory -6.9% vs COGS 6.4%. Normal
CapEx growth -3.0% vs revenue 6.8%. Normal
SG&A/Gross Profit = 50.9%. Normal
Gross margin 19.7%, change +0.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.90. Profits backed by cash
FCF $0.0B, FCF/NI = 1.33
Accruals ratio = -5.5%. Low accruals
Cash $0.0B covers only 2% of debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 20% of equity. Manageable
Debt/EBITDA = 1.5x. Healthy
Other assets -17.7% vs revenue 6.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.52 (< -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