Tapestry, Inc. — Earnings Quality Grade F
TPR · Consumer Cyclical
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 12 days, change -0 days YoY
AR growth 4.9% vs revenue growth 5.1%
Revenue 5.1%, CFFO -3.1%. Cash follows revenue
Expense Quality
Inventory 4.4% vs COGS -3.4%. Normal
CapEx growth 12.7% vs revenue 5.1%. Normal
SG&A/Gross Profit = 76.0%, exceeds 70%
Gross margin 75.4%, change +2.1pp. Stable
Cash Flow Quality
CFFO/NI = 6.64. Profits backed by cash
FCF $1.1B, FCF/NI = 5.97
Accruals ratio = -15.7%. Low accruals
Cash $1.1B covers only 29% of debt $3.9B
Balance Sheet Health
Goodwill+Intangibles $1.7B = 199% of equity. Over 50%
Debt/EBITDA = 7.4x (>4x). Financial stress
Other assets -27.2% vs revenue 5.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -33% YoY. Normal
Manipulation Score
M-Score = -3.02 (< -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 · 2026-04-10