The Pennant Group, Inc. — Earnings Quality Grade F
PNTG · Healthcare
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 47 days, change +5 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 36.3%, CFFO 22.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 33.9% vs revenue 36.3%. Normal
SG&A/Gross Profit = 54.5%. Normal
Gross margin 13.8%, change +0.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.63. Profits backed by cash
FCF $0.0B, FCF/NI = 1.23
Accruals ratio = -1.9%. Low accruals
Cash $0.0B covers only 4% of debt $0.5B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 131% of equity. Over 50%
Debt/EBITDA = 7.4x (>4x). Financial stress
Other assets 52.6% vs revenue 36.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles surged 94% YoY
Manipulation Score
M-Score = -2.44 (< -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