eBay Inc. — Earnings Quality Grade F
EBAY · Consumer Cyclical
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 38 days, change +7 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 7.9%, CFFO -18.8%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 14.6% vs revenue 7.9%. Normal
SG&A/Gross Profit = 45.3%. Normal
Gross margin 71.5%, change -0.5pp. Stable
Cash Flow Quality
CFFO/NI = 0.96. Profits backed by cash
FCF $1.4B, FCF/NI = 0.71
Accruals ratio = 0.4%. Low accruals
Cash $2.9B covers only 41% of debt $7.2B
Balance Sheet Health
Goodwill+Intangibles $4.5B = 97% of equity. Over 50%
Debt/EBITDA = 2.4x. Healthy
Other assets grew 21.8% vs revenue 7.9%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = -2.13 (grey zone)
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10