Stepan Company — Earnings Quality Grade F
SCL · Basic Materials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 61 days, change -4 days YoY
AR growth -0.0% vs revenue growth 7.0%
Revenue 7.0%, CFFO -8.7%. Cash follows revenue
Expense Quality
Inventory 3.5% vs COGS 8.1%. Normal
CapEx growth -0.2% vs revenue 7.0%. Normal
SG&A/Gross Profit = 51.7%. Normal
Gross margin 11.6%, change -0.9pp. Stable
Cash Flow Quality
CFFO/NI = 3.15. Profits backed by cash
FCF $0.0B, FCF/NI = 0.54
Accruals ratio = -4.3%. Low accruals
Cash $0.1B covers only 20% of debt $0.7B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 11% of equity. Manageable
Debt/EBITDA = 3.2x. Healthy
Other assets -2.2% vs revenue 7.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.65 (< -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