Power Solutions International, — Earnings Quality Grade F
PSIX · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 46 days, change -7 days YoY
AR growth 31.2% vs revenue growth 51.8%
Revenue grew 51.8% but CFFO declined -61.4%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
Inventory 35.7% vs COGS 60.2%. Normal
CapEx growth 118.8% is >2x revenue growth 51.8%
SG&A/Gross Profit = 30.2%. Normal
Gross margin 25.6%, change -3.9pp. Stable
Cash Flow Quality
CFFO/NI = 0.21. Only 21% of profit backed by cash
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = 0.12
Accruals ratio = 21.2%. Exceeds 10%
Cash $0.0B covers only 27% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 17% of equity. Manageable
Debt/EBITDA = 1.3x. Healthy
Other assets 64.2% vs revenue 51.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = -0.75 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25