Oil-Dri Corp Of America (ODC) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 13, 2026
Oil-Dri Corp Of America (ODC)
A forensic read on Oil-Dri Corp Of America built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
A · High-quality, lumpy growth
Forensic grade
Safe
Financial health
15.2
Distress distance
Clean
Earnings quality
3
Forensic signals
21.5
P / E (ttm)
20.8%
ROE
$1.3B
Market cap
2.01%
Dividend yield
11.0%
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, 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.
Oil-Dri Corp Of America earns an A (High-quality, lumpy growth) forensic quality grade, and its balance-sheet distress test reads 15.2, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+10.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +10.9% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. 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 +12% against revenue +11% and PP&E up +9% against revenue +11%. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 13% of net operating assets, against an accruals ratio of 10.9%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
+0.7%/yr
FY2016–FY2019
Share count.Diluted share count changed +2% over the last 3 years to FY2019 (+0.7%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
$6M
FY2022–FY2022
Goodwill impairments.Took $6M of goodwill writedowns across 1 year (FY2022 ($6M)) — about 99% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Net Margin11.1%
Free Cash Flow$47.6M
Latest Revenue$485.6M
Return on Equity20.8%
Revenue CAGR (3yr)+11.7%
Revenue Growth YoY+11.0%
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 Oil-Dri Corp Of America's actual 10-K/10-Q/8-K filings?