StoneCo Ltd. — Earnings Quality Grade F
STNE · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 194 days (936 → 1130)
AR outpaced revenue for 2 consecutive years
Revenue 16.0%, CFFO 118.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -6.5% vs revenue 16.0%. Normal
SG&A/Gross Profit = 30.6%. Normal
Gross margin 74.9%, change -0.6pp. Stable
Cash Flow Quality
CFFO/NI = 0.29. Only 29% of profit backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = 2.6%. Low accruals
Cash $7.8B covers only 44% of debt $17.6B
Balance Sheet Health
Goodwill+Intangibles $2.0B = 18% of equity. Manageable
Debt/EBITDA = 3.1x. Healthy
Other assets 4.6% vs revenue 16.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change -64% YoY. Normal
Manipulation Score
M-Score = -2.24 (< -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