Thryv Holdings, Inc. — Earnings Quality Grade F
THRY · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 63 days, change -8 days YoY
AR growth -15.6% vs revenue growth -4.7%
Revenue -4.7%, CFFO -29.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -3.4% vs revenue -4.7%. Normal
SG&A/Gross Profit = 82.0%, exceeds 70%
Gross margin 67.9%, change +2.7pp. Stable
Cash Flow Quality
CFFO far exceeds NI (ratio 206.9x). Non-cash charges depressing profits
FCF $0.0B, FCF/NI = 101.43
Accruals ratio = -9.2%. Low accruals
Cash $0.0B covers only 4% of debt $0.3B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 128% of equity. Over 50%
Interest coverage = 1.6x (<2x). Financial stress
Other assets grew 77.2% vs revenue -4.7%
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -3.00 (< -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