Sanmina Corporation — Earnings Quality Grade B
SANM · Technology
Generally healthy
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 63 days, change -2 days YoY
AR growth 4.7% vs revenue growth 7.4%
Revenue 7.4%, CFFO 82.4%. Cash follows revenue
Expense Quality
Inventory growth 37.7% exceeds COGS 7.0%
CapEx growth 32.5% is >2x revenue growth 7.4%
SG&A/Gross Profit = 40.5%. Normal
Gross margin 8.8%, change +0.4pp. Stable
Cash Flow Quality
CFFO/NI = 2.52. Profits backed by cash
FCF $0.5B, FCF/NI = 1.92
Accruals ratio = -6.4%. Low accruals
Cash $0.9B covers debt $0.3B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 0.6x. Healthy
Other assets -20.8% vs revenue 7.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.89 (< -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