F

Quanex Building Products Corpor — Earnings Quality Grade F

NX · Industrials

Major red flags

Revenue
$1.8B
2025
Net Income
-$251M
2025
Gross Margin
27.2%
Free Cash Flow
$102M
01

Screening Summary

14
Passed
1
Watch
2
Failed
-3.53
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 40 days, change -15 days YoY

A2AR vs Revenue Growth

AR growth 5.5% vs revenue growth 43.8%

A3Revenue vs CFFO

Revenue 43.8%, CFFO 85.7%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory -7.8% vs COGS 37.7%. Normal

B2CapEx vs Revenue

CapEx growth 68.9% vs revenue 43.8%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 55.5%. Normal

B4Gross Margin

Gross margin 27.2%, change +3.2pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO/NI = -0.66. Below 1.0

C2Free Cash Flow

FCF $0.1B, FCF/NI = -0.41

C3Accruals Ratio

Accruals ratio = -21.1%. Low accruals

C4Cash vs Debt

Cash $0.1B covers only 9% of debt $0.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.8B = 113% of equity. Over 50%

D2Leverage

Debt/EBITDA = -10.2x. Healthy

D3Soft Asset Growth

Other assets 67.4% vs revenue 43.8%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -30% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -3.53 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-3.53
-4.0 Clean-2.22 Grey-1.78 Danger0
0.734
DSRI
AR growing faster than revenue?
0.88
GMI
Gross margin declining?
0.827
AQI
Asset quality deteriorating?
1.438
SGI
Revenue growth rate
0.663
DEPI
Depreciation slowing?
1.012
SGAI
SG&A ratio changing?
-0.2112
TATA
Accruals level
1.105
LVGI
Leverage increasing?
05

Altman Z-Score

1.22
Grey Zone
0 Distress1.102.605.0+ Safe
0.1485
Liquidity
0.0837
Cumulative profit
-0.0949
Operating efficiency
0.5847
Leverage

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