S&P 500 Piotroski F-Score Distribution

Name: S&P 500 Piotroski F-Score Distribution Dataset
Creator: Billiver
License: https://www.sec.gov/privacy#publicinfo

Based on 473 companies · FY2024–FY2026 · SEC EDGAR 10-K filings

Only 16.5% of companies score 8 or higher

Mean score: 6.8 · Median: 7 · Out of a possible 0–9 scale

Score Distribution (0–9)

Each bar represents the number of companies that received that Piotroski F-Score.

Weak (0–3)Neutral (4–6)Strong (7–9)

Sector Breakdown

Average Piotroski scores vary across sectors. Sorted by average score (highest first).

Sector	Avg	Median	% Scoring 7+	Companies
Materials	7	7	67.9%	28
Communication Services	7	7	68.8%	16
Industrials	6.9	7	70%	100
Information Technology	6.9	7	73.2%	82
Consumer Discretionary	6.8	7	60.3%	68
Energy	6.8	7	75%	24
Consumer Staples	6.8	7	65.2%	23
Health Care	6.8	7	76.5%	17
Health Care	6.7	7	61.4%	44
Financials	6.6	6	48.9%	45
Real Estate	6.6	6	41.7%	12
Utilities	6.4	6	35.7%	14

Financial sector companies may have different baseline expectations due to distinct accounting standards.

Top Scorers (8–9)

78 companies scored 8 or higher.

#	Company	Ticker	Sector	Score
1	Armstrong World Industries, Inc.	AWI	Industrials	9
2	Frontdoor, Inc.	FTDR	Consumer Discretionary	9
3	LSB INDUSTRIES, INC.	LXU	Materials	9
4	Petco Health & Wellness Company, Inc.	WOOF	Consumer Discretionary	9
5	Vulcan Materials Company	VMC	Materials	9
6	AGCO	AGCO	Industrials	8
7	Analog Devices	ADI	Information Technology	8
8	APi Group	APG	Industrials	8
9	Apple Inc.	AAPL	Information Technology	8
10	Archrock, Inc.	AROC	Energy	8
11	Balchem Corporation	BCPC	Materials	8
12	BEL FUSE INC /NJ	BELFA	Information Technology	8
13	Belden Inc.	BDC	Information Technology	8
14	Bentley Systems	BSY	Information Technology	8
15	Blackbaud	BLKB	Information Technology	8
16	Blue Bird Corp	BLBD	Consumer Discretionary	8
17	BRIGHT HORIZONS FAMILY SOLUTIONS INC.	BFAM	Industrials	8
18	CarGurus	CARG	Communication Services	8
19	Carpenter Technology	CRS	Industrials	8
20	Central Garden & Pet Company	CENT	Consumer Staples	8
21	CF Industries	CF	Materials	8
22	Chefs' Warehouse, Inc.	CHEF	Consumer Staples	8
23	Cisco	CSCO	Information Technology	8
24	Criteo S.A.	CRTO	Communication Services	8
25	Curtiss-Wright	CW	Industrials	8
26	DigitalOcean Holdings, Inc.	DOCN	Information Technology	8
27	Domino's	DPZ	Consumer Discretionary	8
28	Dorman Products, Inc.	DORM	Consumer Discretionary	8
29	Envista Holdings	NVST	Health Care	8
30	EXL Service	EXLS	Industrials	8
31	Fox Corporation (Class A)	FOXA	Communication Services	8
32	Fox Corporation (Class B)	FOX	Communication Services	8
33	Garrett Motion Inc.	GTX	Consumer Discretionary	8
34	General Dynamics	GD	Industrials	8
35	Harley-Davidson	HOG	Consumer Discretionary	8
36	Hillman Solutions Corp.	HLMN	Industrials	8
37	IDEX Corporation	IEX	Industrials	8
38	Idexx Laboratories	IDXX	Health Care	8
39	Installed Building Products, Inc.	IBP	Consumer Discretionary	8
40	Intuit	INTU	Information Technology	8
41	KBR, Inc.	KBR	Industrials	8
42	KLA Corporation	KLAC	Information Technology	8
43	Kohl's Corp.	KSS	Consumer Discretionary	8
44	Labcorp	LH	Health Care	8
45	Latham Group, Inc.	SWIM	Materials	8
46	Mastercard	MA	Financials	8
47	Maximus Inc.	MMS	Industrials	8
48	Mission Produce, Inc.	AVO	Consumer Staples	8
49	Monarch Casino & Resort, Inc.	MCRI	Consumer Discretionary	8
50	Moody's Corporation	MCO	Financials	8
51	Mosaic Company (The)	MOS	Materials	8
52	Mueller Water Products	MWA	Industrials	8
53	Nasdaq, Inc.	NDAQ	Financials	8
54	National Fuel Gas	NFG	Utilities	8
55	NEWMARK GROUP, INC.	NMRK	Real Estate	8
56	Newmont	NEM	Materials	8
57	Newmont	NEMCL	Materials	8
58	Pacira BioSciences, Inc.	PCRX	Health Care	8
59	Paylocity	PCTY	Industrials	8
60	PayPal	PYPL	Financials	8
61	Plexus Corp.	PLXS	Information Technology	8
62	PTC Inc.	PTC	Information Technology	8
63	ResMed	RSMDF	Health Care	8
64	ResMed	RMD	Health Care	8
65	RingCentral, Inc.	RNG	Information Technology	8
66	Salesforce	CRM	Information Technology	8
67	Sally Beauty Holdings, Inc.	SBH	Consumer Discretionary	8
68	Shutterstock, Inc.	SSTK	Communication Services	8
69	SiteOne Landscape Supply, Inc.	SITE	Industrials	8
70	St. Joe Company	JOE	Real Estate	8
71	TaskUs, Inc.	TASK	Information Technology	8
72	TechnipFMC	FTI	Energy	8
73	Trane Technologies	TT	Industrials	8
74	TTM Technologies, Inc.	TTMI	Information Technology	8
75	Verra Mobility Corporation	VRRM	Industrials	8
76	Wolverine World Wide, Inc.	WWW	Consumer Discretionary	8
77	Woodward, Inc.	WWD	Industrials	8
78	Zurn Elkay Water Solutions Corp.	ZWS	Industrials	8

Methodology

The Piotroski F-Score is a 9-point scoring system that evaluates a company's financial strength based on its most recent annual report (10-K filing). One point is awarded for each criterion met:

Profitability (4 pts)

Positive net income
Positive operating cash flow
Rising return on assets
Cash flow exceeds net income

Leverage (3 pts)

Decreasing long-term debt ratio
Improving current ratio
No new share issuance

Efficiency (2 pts)

Improving gross margin
Improving asset turnover

For a detailed explanation of each criterion and how to interpret the score, see our Piotroski F-Score Guide.

Limitations

Data timeliness: Scores are based on the most recent 10-K filing, which may be up to 14 months old for some companies. Fiscal year end dates vary by company.
Sample: This analysis covers 473 companies with available data, not all 500 S&P 500 constituents. Companies lacking sufficient financial history are excluded.
Sector bias: Financial sector companies operate under different accounting standards, which may affect comparability of certain criteria (e.g., debt ratios).
One-time items: GAAP figures include restructuring charges, asset impairments, and other non-recurring items that can temporarily affect scores.

Data sourced from SEC EDGAR 10-K filings. Last updated: FY2024–FY2026.

The information on this page is for informational purposes only and does not constitute investment advice, financial advice, or any recommendation. Billiver does not recommend buying, selling, or holding any security. Past performance is not indicative of future results.

Data may be delayed and accuracy is not guaranteed. All investment decisions are solely your responsibility. Verify information independently and consult a qualified financial advisor before investing. About · Methodology