Westrock Coffee Company — Earnings Quality Grade F
WEST · Consumer Defensive
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 29 days, change -14 days YoY
AR growth -5.5% vs revenue growth 39.8%
Revenue grew 39.8% but CFFO declined -43.6%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
Inventory 22.3% vs COGS 49.0%. Normal
CapEx growth -44.3% vs revenue 39.8%. Normal
SG&A/Gross Profit = 123.0%, exceeds 70%
Gross margin swung -5.4pp (18.1% → 12.7%)
Cash Flow Quality
CFFO/NI = 0.21. Below 1.0
FCF is negative ($-0.1B)
Accruals ratio = -6.1%. Low accruals
Cash $0.0B covers only 9% of debt $0.6B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 82% of equity. Over 50%
Debt/EBITDA = 40.2x (>4x). Interest coverage = -0.6x (<2x). Financial stress
Other assets grew 84.3% vs revenue 39.8%
Write-offs normal
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.57 (< -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