Forensic Analysis · General / Diversified · as of Aug 4, 2026
Cpi Card Group Inc. (PMTS)
A forensic read on Cpi Card Group 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
4.2
Altman Z-score
Clean
Earnings quality
5
Forensic signals
19.8
P / E (ttm)
$252M
Market cap
13.1%
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.
Cpi Card Group Inc. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is 4.2, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+15.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +15.9% 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 +12% against revenue +13%. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 19% of net operating assets, diverging from the balance-sheet accrual read.
12.8%
FY2025
Return on invested capital.Return on invested capital is 12.8% in the latest fiscal year and slipping from 27% — a modest positive spread over its ~9% cost of capital — growth adds value, though not dramatically.
+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.
1.3% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 1.3% of revenue and 17% of free cash flow in FY2025 — about $0.58 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
-97%
FY2015→FY2016
Dividend — cut.
Key fundamentals
Latest Revenue$543.5M
Revenue Growth YoY+13.1%
Revenue CAGR (3yr)+4.5%
Net Margin2.8%
Free Cash Flow$41.3M
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Cpi Card Group Inc.:
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
Data from SEC EDGAR public filings · metrics as of Aug 4, 2026. Forensic signals flag probability, not certainty.
Cpi Card Group Inc. (PMTS) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
The payout was CUT ~97% in FY2016 (from FY2015) and hasn't been restored since. It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.