F

RadNet, Inc. — Earnings Quality Grade F

RDNT · Healthcare

Major red flags

Revenue
$2.0B
2025
Net Income
-$19M
2025
Gross Margin
11.5%
Free Cash Flow
$86M
01

Screening Summary

9
Passed
3
Watch
3
Failed
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 36 days, change -1 days YoY

A2AR vs Revenue Growth

AR growth 7.8% vs revenue growth 11.5%

A3Revenue vs CFFO

Revenue 11.5%, CFFO 28.2%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth 13.4% vs revenue 11.5%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Gross margin 11.5%, change -2.1pp. Stable

03

Cash Flow Quality

!
C1CFFO vs Net Income

CFFO/NI = -16.02. Below 1.0

C2Free Cash Flow

FCF $0.1B, FCF/NI = -4.59

C3Accruals Ratio

Accruals ratio = -8.4%. Low accruals

C4Cash vs Debt

Cash $0.8B covers only 41% of debt $1.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $1.1B = 97% of equity. Over 50%

D2Leverage

Debt/EBITDA = 5.9x (>4x). Interest coverage = 1.2x (<2x). Financial stress

D3Soft Asset Growth

Other assets 16.5% vs revenue 11.5%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

!
E1Serial Acquirer FCF

FCF after acquisitions negative for 2/3 years

!
E2Goodwill Surge

Goodwill+Intangibles surged 33% YoY

06

Manipulation Score

F1Beneish M-Score

Insufficient data

持仓监控

把 RDNT 放进持续监控

完整检查和模型明细已经免费开放。Watchlist 用来集中盯住你的持仓;Pro 可开启季报自动重算、风险事件邮件提醒、最多 50 只持仓扫描和导出工作流。

05

Altman Z-Score

1.35
Grey Zone
0 Distress1.102.605.0+ Safe
0.1185
Liquidity
-0.0254
Cumulative profit
0.0271
Operating efficiency
0.4536
Leverage

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