Mondelez International, Inc. — Earnings Quality Grade F
MDLZ · Consumer Defensive
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 37 days, change -2 days YoY
AR growth 0.7% vs revenue growth 5.8%
Revenue 5.8%, CFFO -8.1%. Cash follows revenue
Expense Quality
Inventory 15.5% vs COGS 24.4%. Normal
CapEx growth -7.8% vs revenue 5.8%. Normal
SG&A/Gross Profit = 65.6%. Normal
Gross margin swung -10.7pp (39.1% → 28.4%)
Cash Flow Quality
CFFO/NI = 1.84. Profits backed by cash
FCF $3.2B, FCF/NI = 1.32
Accruals ratio = -2.9%. Low accruals
Cash $2.1B covers only 10% of debt $21.8B
Balance Sheet Health
Goodwill+Intangibles $44.0B = 170% of equity. Over 50%
Debt/EBITDA = 4.4x (>4x). Financial stress
Other assets -19.9% vs revenue 5.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = -2.40 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08