Evi Industries, Inc. (EVI) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Professional & Commercial Services · as of Sep 23, 2026
Evi Industries, Inc. (EVI)
A forensic read on Evi Industries, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
3.7
Distress distance
Clean
Earnings quality
3
Forensic signals
32.6
P / E (ttm)
5.1%
ROE
$253M
Market cap
1.98%
Dividend yield
14.6%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Evi Industries, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.7, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
4.7%
FY2026
Return on invested capital.Return on invested capital is 4.7% in the latest fiscal year, against 3% in FY2022, having run between 3.0% and 6.7% across FY2022–FY2026 with no direction held — well below the ~10% cost of capital we hold this sector to, and it has been across FY2018–FY2026, so reinvested dollars have not been earning their keep. The capital base behind it cannot be compared across FY2022–FY2026: cash is tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged.
+2.0%/yr
FY2023–FY2026
Share-count dilution.Diluted share count changed +6% over the last 3 years to FY2026 (+2.0%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~2.0% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~6%.
1.2% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 1.2% of revenue and 39% of free cash flow in FY2026. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 2.1% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$446.6M
Revenue Growth YoY+14.6%
Revenue CAGR (3yr)+8.0%
Net Margin1.7%
Free Cash Flow$13.5M
Return on Equity5.1%
Debt / Equity0.34x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Evi Industries, Inc.'s actual 10-K/10-Q/8-K filings?