Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Daktronics Inc.DAKT · consumer durables
GradeBullA/Bon the A/B boundary of 460 graded peers; percentile 19.0, sampling error 2.3 points; lower is stronger
Rank85 of 460
ProfitabilityDpercentile 68.3
SolvencyApercentile 16.7
Growth and financingBpercentile 30.0
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $554.4M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone activenot computable: distress, fortress balance sheet
Inputs computable9 of 14
Graded fromfilings received through Jun 24, 2026107 days before the rescan; every figure keyed to the SEC receipt date
Last close$17.912026-10-08; market equity $861.3M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$20$25NovDecJanFebMarAprMayJunJulAugSepOctBA/B$17.89
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Jun 21, 2012nonen/aQ3
Jul 21, 2015A8.9Q3
Jun 21, 2016E84.7Q3
Jun 21, 2017C43.4Q3
Jul 21, 2017B/C41.8Q3
Jun 21, 2019D/E81.4Q3
Nov 21, 2019E83.6Q3
Feb 21, 2020D/E81.6Q3
Apr 21, 2020E84.5Q3
Feb 21, 2021D/E81.5Q3
Apr 21, 2021D73.5Q3
Jun 21, 2021A/B17.5Q3
Jul 21, 2021A17.3Q3
Aug 21, 2021A/B17.8Q3
Sep 21, 2021A17.3Q3
Jun 21, 2022E88.0Q3
Jul 21, 2023C/D58.5Q3
Apr 21, 2024C57.0Q3
Jun 21, 2024C/D58.1Q3
Jul 21, 2024A/B17.9Q3
Sep 21, 2024A17.6Q3
Nov 21, 2024A/B17.7Q3
Dec 21, 2024A17.5Q3
Jul 21, 2025B24.0Q3
Feb 21, 2026A/B21.0Q3

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Jun 24, 2026; the document on sec.gov.

Daktronics designs, manufactures, and sells electronic display systems and related solutions used in sports, commercial, and transportation applications. The Company’s offerings include standard display products as well as custom-designed and integrated systems that incorporate display hardware, control systems, and software. The Company’s product portfolio ranges from small scoreboards and electronic displays to large-scale video display systems deployed in stadiums, arenas, commercial facilities, and other public venues.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 68.3
Gross profitability41.3%[1,3]34.4%39.24762026-05-02
Return on invested capitalnot computable8.9%
one or more required annual facts are missing
Accruals ratio(0.7%)[1,4-6](5.1%)84.45252026-05-02
Gross margin stability, five years3.6 pts[2-3,7-14]1.7 pts81.54072026-05-02
Solvency, sleeve percentile 16.7
Twelve-month failure probabilitynot computable0.04%
four consecutive discrete net-income quarters are required; found 4
Altman Z double-primenot computable2.11
one or more required annual facts are missing
Net debt to EBITDAnot computable2.11x
one or more required annual facts are missing
Interest coverage41.59x[15-16]2.57x5.51282026-05-02
Current ratio2.31x[17-18]1.55x28.05412026-05-02
Growth and financing, sleeve percentile 30.0
Revenue growth, three-year compound3.6%[2,8,10,12]1.4%37.84822026-05-02
Free cash flow growth, three-year compoundnot computable8.3%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment rate85.4%[15,17-24]12.0%22.02652026-05-02
Asset growth, three years5.8%[1,6,25-26]2.0%30.54872026-05-02
Net share issuance, one year(1.7%)[27-28](0.3%)29.93822026-06-15

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.279; sampling error 2.3 percentile points on 460 peers.

Among 460 Peers [top]

ABCDECOST, Costco Wholesale Corp.; A, percentile 4.7; market equity $420.1B; warnings: fortress balance sheetCOSTAMZN, Amazon COM Inc.; A/B, percentile 20.2; market equity $2.7T; warnings: fortress balance sheetAMZNKO, Coca Cola Co.; B/C, percentile 39.0; market equity $377.6BKOTSLA, Tesla, Inc.; B/C, percentile 38.3; market equity $1.5T; warnings: fortress balance sheetTSLAPM, Philip Morris International Inc.; C, percentile 46.3; market equity $312.5BPMWMT, Walmart Inc.; C, percentile 52.9; market equity $877.2BWMTDAKT 19.0strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
80Dominos Pizza Inc. (DPZ)

Dominos Pizza Inc. (DPZ)

A/Bon the A/B boundary; percentile 17.9

Nasdaq · Wholesale-Groceries & Related Products

market equity $10.2B; last close $308.57

No active warnings; 11 of 14 inputs

17.9A/B
81Gentherm Inc. (THRM)

Gentherm Inc. (THRM)

A/Bon the A/B boundary; percentile 18.1

Nasdaq · Motor Vehicle Parts & Accessories

market equity $919.0M; last close $29.92

No active warnings; 11 of 14 inputs

18.1A/B
82BJ's Wholesale Club Holdings, Inc. (BJ)

BJ's Wholesale Club Holdings, Inc. (BJ)

A/Bon the A/B boundary; percentile 18.3

NYSE · Retail-Variety Stores

market equity $12.5B; last close $99.02

No active warnings; 13 of 14 inputs

18.3A/B
83Copart Inc. (CPRT)

Copart Inc. (CPRT)

A/Bon the A/B boundary; percentile 18.7

Nasdaq · Retail-Auto Dealers & Gasoline Stations

market equity $25.5B; last close $27.48

No active warnings; 8 of 14 inputs

18.7A/B
84Cintas Corp. (CTAS)

Cintas Corp. (CTAS)

A/Bon the A/B boundary; percentile 18.7

Nasdaq · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments

market equity $79.9B; last close $201.14

No active warnings; 11 of 14 inputs

18.7A/B
85Daktronics Inc. (DAKT)

Daktronics Inc. (DAKT)

A/Bon the A/B boundary; percentile 19.0

Nasdaq · Miscellaneous Manufacturing Industries

market equity $860.4M; last close $17.91

No active warnings; 9 of 14 inputs

19.0A/B
86Build-A-Bear Workshop Inc. (BBW)

Build-A-Bear Workshop Inc. (BBW)

A/Bon the A/B boundary; percentile 19.1

NYSE · Retail-Hobby, Toy & Game Shops

market equity $319.1M; last close $25.97

No active warnings; 8 of 14 inputs

19.1A/B
87Dick'S Sporting Goods, Inc. (DKS)

Dick'S Sporting Goods, Inc. (DKS)

A/Bon the A/B boundary; percentile 19.5

NYSE · Retail-Miscellaneous Shopping Goods Stores

last close $134.71

Warnings: fortress balance sheet; 9 of 14 inputs

19.5A/Bfortress balance sheet
88Cardinal Health Inc. (CAH)

Cardinal Health Inc. (CAH)

A/Bon the A/B boundary; percentile 19.8

NYSE · Wholesale-Drugs, Proprietaries & Druggists' Sundries

market equity $55.6B; last close $238.83

No active warnings; 12 of 14 inputs

19.8A/B
89Brown Forman Corp. (BF-A)

Brown Forman Corp. (BF-A)

A/Bon the A/B boundary; percentile 19.9

NYSE · Beverages

last close $27.08

No active warnings; 10 of 14 inputs

19.9A/B
90Brown Forman Corp. (BF-B)

Brown Forman Corp. (BF-B)

A/Bon the A/B boundary; percentile 19.9

NYSE · Beverages

last close $26.54

No active warnings; 10 of 14 inputs

19.9A/B
Peer policyLetterPercentilePeers
all graded filers, equal sleevesA18.02204
sector peers, equal sleeves (the grade)A/B19.0460
same exchange, equal sleevesA/B19.31219
sector peers, equal inputsA/B22.0460

Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(6.6%)(0.2%)41hotter than 41 of 100 peers
Distance from 52-week high(35.5%)(25.6%)33closer to its high than 33 of 100 peers
EBIT to enterprise valuenot computable5.0%required accounting or market input is missing
Free cash flow yield4.0%4.6%45pricier than 55 of 100 peers
Book value to price0.370.4543pricier than 57 of 100 peers
Sales to price0.971.4937pricier than 63 of 100 peers
Composite equity issuance, five years6.3%(16.0%)83more equity-funded than 83 of 100 peers
Relative strength against the sector, log excess return(0.05)(0.01)47ahead of 47 of 100 peers

Inputs: market equity $860.4M; EBIT $60.8M; free cash flow $34.3M; book equity $317.6M; sales $838.7M; cash $154.6M[29].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: 9 of 9, period end 2026-05-02
Return on assets above zero9.0%✓ pass[4,6]
Operating cash flow above zero$49.2M✓ pass[5]
Return on assets improved10.9 pts✓ pass[4,6,25,30]
Operating cash flow exceeds net income$3.8M✓ pass[4-5]
Long-term leverage fell(0.2 pts)✓ pass[1,6,25,31-32]
Current ratio improved9.5 pts✓ pass[17-18,23-24]
No new shares issued(1.7%)✓ pass[27-28]
Gross margin improved1.5 pts✓ pass[2-3,7-8]
Asset turnover improved23.5 pts✓ pass[2,6,8,25]
Cash, filings, liquidity
Cash and equivalents$154.6M[33]
Operating cash flow, four quarters$54.6M[5,33-37]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing37
10-Q received Sep 2, 2026
Median daily dollar volume$8.8M
63 sessions
Days since newest grade input107

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$554.4M2026-05-022026-06-2410-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$838.7M2026-05-022026-06-2410-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$229.0M2026-05-022026-06-2410-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss$45.4M2026-05-022026-06-2410-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$49.2M2026-05-022026-06-2410-Kfiling · viewer · series
6assetsus-gaap:Assets$502.9M2025-04-262026-06-2410-Kfiling · viewer · series
7gross profitus-gaap:GrossProfit$195.5M2025-04-262026-06-2410-Kfiling · viewer · series
8revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$756.5M2025-04-262026-06-2410-Kfiling · viewer · series
9gross profitus-gaap:GrossProfit$222.4M2024-04-272026-06-2410-Kfiling · viewer · series
10revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$818.1M2024-04-272026-06-2410-Kfiling · viewer · series
11gross profitus-gaap:GrossProfit$151.4M2023-04-292025-06-2510-Kfiling · viewer · series
12revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$754.2M2023-04-292025-06-2510-Kfiling · viewer · series
13gross profitus-gaap:GrossProfit$116.7M2022-04-302024-06-2610-Kfiling · viewer · series
14revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$611.0M2022-04-302024-06-2610-Kfiling · viewer · series
15operating incomeus-gaap:OperatingIncomeLoss$60.8M2026-05-022026-06-2410-Kfiling · viewer · series
16interest expenseus-gaap:InterestExpense$1.5M2026-05-022026-06-2410-Kfiling · viewer · series
17current assetsus-gaap:AssetsCurrent$448.0M2026-05-022026-06-2410-Kfiling · viewer · series
18current liabilitiesus-gaap:LiabilitiesCurrent$193.7M2026-05-022026-06-2410-Kfiling · viewer · series
19capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$14.9M2026-05-022026-06-2410-Kfiling · viewer · series
20depreciation amortizationus-gaap:DepreciationDepletionAndAmortization$19.3M2026-05-022026-06-2410-Kfiling · viewer · series
21pretax incomeus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest$58.3M2026-05-022026-06-2410-Kfiling · viewer · series
22income taxus-gaap:IncomeTaxExpenseBenefit$13.0M2026-05-022026-06-2410-Kfiling · viewer · series
23current assetsus-gaap:AssetsCurrent$381.5M2025-04-262026-06-2410-Kfiling · viewer · series
24current liabilitiesus-gaap:LiabilitiesCurrent$172.0M2025-04-262026-06-2410-Kfiling · viewer · series
25assetsus-gaap:Assets$527.9M2024-04-272025-06-2510-Kfiling · viewer · series
26assetsus-gaap:Assets$468.1M2023-04-292024-06-2610-Kfiling · viewer · series
27shares outstandingdei:EntityCommonStockSharesOutstanding48,284,8442026-06-152026-06-2410-Kfiling · viewer · series
28shares outstandingdei:EntityCommonStockSharesOutstanding49,113,2822025-06-092025-06-2510-Kfiling · viewer · series
29shares outstandingdei:EntityCommonStockSharesOutstanding48,092,6502026-08-242026-09-0210-Qfiling · viewer · series
30net incomeus-gaap:NetIncomeLoss-$10.1M2025-04-262026-06-2410-Kfiling · viewer · series
31long term debtus-gaap:LongTermDebtNoncurrent$9.6M2026-05-022026-06-2410-Kfiling · viewer · series
32long term debtus-gaap:LongTermDebtNoncurrent$10.5M2025-04-262026-06-2410-Kfiling · viewer · series
33cashus-gaap:CashAndCashEquivalentsAtCarryingValue$154.6M2026-08-012026-09-0210-Qfiling · viewer · series
34operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$31.4M2026-08-012026-09-0210-Qfiling · viewer · series
35operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$54.3M2026-01-312026-03-0410-Qfiling · viewer · series
36operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$42.6M2025-11-012025-12-1010-Qfiling · viewer · series
37operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$26.1M2025-08-022026-09-0210-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 19.0 is 1.0 points from the nearest band edge; sampling error is 2.3 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.