Forensic Analysis · Retail / Consumer Discretionary · as of Nov 8, 2026
Signet Jewelers Ltd (SIG)
A forensic read on Signet Jewelers Ltd 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, not compounding
Forensic grade
Safe
Financial health
4.4
Distress distance
Clean
Earnings quality
2
Forensic signals
15.4%
ROE
1.6%
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 (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.
Signet Jewelers Ltd earns an A (High-quality, not compounding) forensic quality grade, and its balance-sheet distress test reads 4.4, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.
What the filings flag
$326M
FY2025–FY2026
Goodwill impairments.Took $326M of goodwill writedowns across 2 years (FY2025 ($272M), FY2026 ($54M)) — about 92% 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.
9.0%
FY2026
Return on invested capital.Return on invested capital is 9.0% in the latest fiscal year, against 15.5% in FY2024, having run between 2.1% and 15.5% across FY2024–FY2026 with no direction held. After-tax operating profit was $559M in FY2024 and $291M in FY2026, with operating income at 8.7% of revenue in FY2024, 1.7% in FY2025 and 5.8% in FY2026. The capital base behind it cannot be compared across FY2024–FY2026: short-term debt and long-term debt are 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. FY2026's operating profit carried a $92M asset write-down, a $54M goodwill write-off and a $26M restructuring charge that alone took about 3.9 points off that year's return, so about 3.9 of the 6.5-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 $372M asset write-down, a $272M goodwill write-off and a $12M restructuring charge that alone took about 12.4 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.
Key fundamentals
Latest Revenue$6.81B
Revenue Growth YoY+1.6%
Revenue CAGR (2yr)-2.5%
Net Margin4.3%
Free Cash Flow$525.3M
Return on Equity15.4%
Debt / Equity0.00x
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 Signet Jewelers Ltd's actual 10-K/10-Q/8-K filings?