TTM Technologies, Inc. — Earnings Quality Grade F
TTMI · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 71 days, change +4 days YoY
AR growth 25.7% vs revenue growth 19.0%
Revenue 19.0%, CFFO 23.2%. Cash follows revenue
Expense Quality
Inventory 11.1% vs COGS 17.3%. Normal
CapEx growth 57.5% is >2x revenue growth 19.0%
SG&A/Gross Profit = 46.1%. Normal
Gross margin 20.7%, change +1.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.64. Profits backed by cash
FCF is negative ($-0.0B)
Accruals ratio = -3.0%. Low accruals
Cash $0.5B covers only 49% of debt $1.0B
Balance Sheet Health
Goodwill+Intangibles $0.8B but equity unavailable or non-positive
Debt/EBITDA = 2.6x. Healthy
Other assets 22.8% vs revenue 19.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = -2.44 (< -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