stockrowYork Space Systems Inc.
YSS Industrials Aerospace & Defense
York Space Systems Inc.’s revenue for fiscal 2025 (year ended December 2025) was $386.2 million, up 52.3% from fiscal 2024.
- Revenue
- −12.9%
- EPS
- −151.4%
- Free cash flow
- −28.3%
Quarter to June 2026, against a year earlier
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York Space Systems Inc. (YSS) Beneish M-score
York Space Systems Inc.'s Beneish M-score for fiscal 2025 is 0.40; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | 0.40 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 3.55 | — | 3.26 | |
| Gross margin index | 0.65 | — | 0.35 | |
| Asset quality index | 0.95 | — | 0.38 | |
| Sales growth index | 1.52 | — | 1.36 | |
| Depreciation index | 1.10 | — | 0.13 | |
| SG&A index | 0.73 | — | −0.13 | |
| Total accruals to total assets | 0.02 | — | 0.12 | |
| Leverage index | 0.71 | — | −0.23 | |
| Beneish M-score | Flagged by the model | 0.40 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| SWBI Smith & Wesson Brands, Inc. compare | −3.5× |
| RGR Sturm, Ruger & Company, Inc. compare | −3.1× |
| PKE Park Aerospace Corp. compare | −2.5× |
| NPK National Presto Industries, Inc. compare | −1.7× |
| YSS York Space Systems Inc. | 0.4× |
| HAWK HawkEye 360 Inc. compare | 1.6× |
| RCAT Red Cat Holdings, Inc. compare | 4.1× |
| EVEX Eve Holding, Inc. compare | — |
| ELMT The Elmet Group Co. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI