Forensic Analysis · General / Diversified · as of Nov 9, 2026
Monro, Inc. (MNRO)
A forensic read on Monro, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
0.8
Distress distance
Clean
Earnings quality
2
Forensic signals
0.4%
ROE
-3.2%
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 (auditor quality, say on pay, board independence, going concern). 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.
Monro, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 0.8, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
1.3%
FY2026
Return on invested capital.Return on invested capital is 1.3% in the latest fiscal year and slipping across FY2024–FY2026 from 4.1%. After-tax operating profit was $52M in FY2024 and $14M in FY2026, with operating income at 5.6% of revenue in FY2024, 1.1% in FY2025 and 1.7% in FY2026. The capital base behind it came down -13% across FY2024–FY2026, from $1.3B to $1.1B, so this return is struck on a smaller base than it started on. FY2026's operating profit carried a $11M restructuring charge and a $300,000 asset write-down that alone took about 0.7 points off that year's return, so about 0.7 of the 2.8-point fall across FY2024–FY2026 is that charge landing in the latest year rather than the capital earning less. FY2025's operating profit carried a $24M asset write-down that alone took about 1.6 points off that year's return; FY2025 sits between the two ends of FY2024–FY2026, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
90% of FCF
FY2026
Shareholder returns.Returned $35M to shareholders (buybacks + dividends) in FY2026 — 90% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet. That ratio has been CLIMBING toward the limit — 80% of free cash flow two years back — not just sitting there. Counting the $4M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 100%.
Key fundamentals
Latest Revenue$1.16B
Revenue Growth YoY-3.2%
Revenue CAGR (2yr)-4.8%
Net Margin0.2%
Free Cash Flow$38.8M
Return on Equity0.4%
Debt / Equity0.16x
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 Monro, Inc.'s actual 10-K/10-Q/8-K filings?