Enpro Inc. (NPO) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · General / Diversified · as of Aug 11, 2026
Enpro Inc. (NPO)
A forensic read on Enpro 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
Safe
Financial health
9.1
Distress distance
Clean
Earnings quality
4
Forensic signals
161.6
P / E (ttm)
2.6%
ROE
$7.0B
Market cap
0.38%
Dividend yield
9.0%
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). 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.
Enpro Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 9.1, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
4.8%
FY2025
Return on invested capital.Return on invested capital is 4.8% in the latest fiscal year and rising from 2% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
$126M
FY2022–FY2023
Goodwill impairments.Took $126M of goodwill writedowns across 2 years (FY2022 ($65M), FY2023 ($61M)) — about 55% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
+12.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +12.9% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +16% against revenue +9% and inventory up +11% against +9% in cost of sales. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 8% of net operating assets, diverging from the balance-sheet accrual read.
+0.5%/yr
FY2022–FY2025
Share count.Diluted share count changed +1% over the last 3 years to FY2025 (+0.5%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$1.14B
Revenue Growth YoY+9.0%
Revenue CAGR (3yr)+1.3%
Net Margin3.5%
Free Cash Flow$159.2M
Return on Equity2.6%
Debt / Equity0.42x
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 Enpro Inc.'s actual 10-K/10-Q/8-K filings?