Marvell Technology, Inc. — Earnings Quality Grade F
MRVL · Technology
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 32 days (65 → 97)
AR growth 112.6% exceeds revenue growth 42.1%
Revenue grew 42.1% but CFFO only 4.1%
Expense Quality
Inventory growth 34.8% far exceeds COGS 18.6%, margin rising. Fraud signal
CapEx growth 23.0% vs revenue 42.1%. Normal
SG&A/Gross Profit = 18.3%, excellent (<30%)
Gross margin swung +9.7pp (41.3% → 51.0%)
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $1.4B, FCF/NI = 0.52
Accruals ratio = 4.1%. Low accruals
Cash $2.6B covers 55% of debt $4.8B
Balance Sheet Health
Goodwill+Intangibles $13.1B = 92% of equity. Over 50%
Debt/EBITDA = 1.1x. Healthy
Other assets grew 105.7% vs revenue 42.1%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -11% YoY. Normal
Manipulation Score
M-Score = -1.59 (> -1.78). LIKELY MANIPULATOR
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08