DBA Sempra — Earnings Quality Grade F
SRE · Utilities
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 47 days, change -8 days YoY
AR growth -10.9% vs revenue growth 3.9%
Revenue 3.9%, CFFO -7.0%. Cash follows revenue
Expense Quality
Inventory 0.4% vs COGS 3.1%. Normal
CapEx growth 29.2% is >2x revenue growth 3.9%
Insufficient data
Gross margin 46.6%, change +0.4pp. Stable
Cash Flow Quality
CFFO/NI = 2.49. Profits backed by cash
FCF < 50% of Net Income for 3 years
Accruals ratio = -2.5%. Low accruals
Cash $0.0B covers only 0% of debt $35.0B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 6.7x (>4x). Financial stress
Other assets -2.9% vs revenue 3.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Goodwill+Intangibles change -100% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10