Mastercard Incorporated — Earnings Quality Grade C
MA · Financial Services
Some red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 51 days, change +2 days YoY
AR growth 22.2% vs revenue growth 16.4%
Revenue 16.4%, CFFO 19.4%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 1.8% vs revenue 16.4%. Normal
SG&A/Gross Profit = 19.1%, excellent (<30%)
Gross margin 77.9%, change +1.6pp. Stable
Cash Flow Quality
CFFO/NI = 1.18. Profits backed by cash
FCF $16.4B, FCF/NI = 1.10
Accruals ratio = -4.9%. Low accruals
Cash $10.9B covers 57% of debt $19.0B
Balance Sheet Health
Goodwill+Intangibles $15.1B = 195% of equity. Over 50%
Debt/EBITDA = 0.9x. Healthy
Other assets 19.9% vs revenue 16.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 3% YoY. Normal
Manipulation Score
M-Score = -2.55 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Mastercard Incorporated is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09