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Lyft earnings quality score

How much of the reported profit is backed by cash, and how many markers of managed earnings the filings show

Score28 / 100 · grade E · rank 1013 of 1027

Lyft (LYFT) scores 28 of 100 for earnings quality, grade E: rank 1013 of 1027 companies and 281 of 287 in industrials. It loses the most points on accruals of +23.2% of assets, higher than 99% of companies (profit running ahead of cash), Montier C-score 4 of 4 checks failed, discretionary accruals of +21.1% of assets (modified Jones), larger than most. It earns full or near-full marks for adjusted and GAAP earnings agree, profit about as variable as cash flow (smoothness 1.56).

What earned and lost points

ComponentWhat the filings showPointsOf
Accrualsaccruals of +23.2% of assets, higher than 99% of companies (profit running ahead of cash)029
Montier C-scoreMontier C-score 4 of 4 checks failed021
Discretionary accrualsdiscretionary accruals of +21.1% of assets (modified Jones), larger than most014
Piotroski F-scorePiotroski F-score 4 of 9614
Non-GAAP gapadjusted and GAAP earnings agree1414
Earnings smoothnessprofit about as variable as cash flow (smoothness 1.56)77
LYFT: share of the available points, by componentLYFT: share of the available points, by componentAccruals1%Discretionary accruals2%Piotroski F-score44%Non-GAAP gap100%Earnings smoothness100%

How the score is built

Eight published measures, each scored against the whole universe or on its own scale and weighted: accruals 20, discretionary accruals 10, Beneish M 15, Dechow F 15, Montier C 15, Piotroski F 10, the non-GAAP gap 10, smoothness 5. A measure that cannot be computed (Beneish for a bank, say) drops out and the rest is rescaled, so every company is scored on what applies to it.

Every company ranked → The full quality workbench, live → Lyft: cash flow →

Computed from the companies’ own XBRL filings (latest fiscal year) by published formulas; a statistical screen, not an audit or an accusation. A low score means the reported profit shows more of the markers of managed or low-quality earnings than its peers. Not investment advice.