T. Rowe Price Group, Inc. — Earnings Quality Grade F
TROW · Financial Services
Major red flags
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 46 days, change +1 days YoY
AR growth 6.1% vs revenue growth 3.1%
Revenue 3.1%, CFFO 4.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -35.2% vs revenue 3.1%. Normal
SG&A/Gross Profit = 33.9%. Normal
Gross margin 51.3%, change -0.7pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $1.5B, FCF/NI = 0.71
Accruals ratio = 2.3%. Low accruals
Cash $3.4B covers debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $2.9B = 27% of equity. Manageable
Debt/EBITDA = 0.1x. Healthy
Other assets -10.9% vs revenue 3.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.30 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
T. Rowe Price Group, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25