Vulcan Materials Company (Holdi — Earnings Quality Grade F
VMC · Basic Materials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 41 days, change -3 days YoY
AR growth -0.5% vs revenue growth 7.1%
Revenue 7.1%, CFFO 28.6%. Cash follows revenue
Expense Quality
Inventory -0.2% vs COGS 6.4%. Normal
CapEx growth 12.3% vs revenue 7.1%. Normal
SG&A/Gross Profit = 25.9%, excellent (<30%)
Gross margin 27.4%, change +0.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.68. Profits backed by cash
FCF $1.1B, FCF/NI = 1.05
Accruals ratio = -4.4%. Low accruals
Cash $0.2B covers only 4% of debt $4.9B
Balance Sheet Health
Goodwill+Intangibles $5.3B = 62% of equity. Over 50%
Debt/EBITDA = 2.1x. Healthy
Other assets 6.7% vs revenue 7.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -7% YoY. Normal
Manipulation Score
M-Score = -2.69 (< -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 · 2026-04-10