Financial strength, 8 or 9 of 9
The rulePasses at least eight of nine tests of profitability, balance sheet and efficiency on its last two fiscal years (Piotroski, 2000): a profit on assets, cash from operations, a higher return on assets, cash from operations above the profit, less leverage, a higher current ratio, no new shares, a higher gross margin, a higher asset turnover.
178of 1,569 companies at the 9 October 2026 closeMedian company on the list, past year +16.7%S&P 500, past year +38.0%
| Company | 1 year | |||||
|---|---|---|---|---|---|---|
| Newmont Corp. NEM | 9 of 9 | FY2025 | 32.7% | 14.9 | $124.2B | |
| Parker-Hannifin Corp. PH | 9 of 9 | FY2026 | 22.2% | 33.8 | $121.3B | |
| Automatic Data Processing Inc. ADP | 9 of 9 | FY2026 | 48.4% | 24.8 | $107.8B | |
| Trane Technologies plc TT | 9 of 9 | FY2025 | 31.8% | 36.1 | $104.9B | |
| AppLovin Corp. APP | 9 of 9 | FY2025 | n/a | n/a | $92.9B | |
| Moodys Corp. MCO | 9 of 9 | FY2025 | 36.7% | 29.4 | $80.4B | |
| Royal Caribbean Cruises Ltd. RCL | 9 of 9 | FY2025 | 15.4% | 17.4 | $75.5B | |
| Nasdaq, Inc. NDAQ | 9 of 9 | FY2025 | 12.5% | 27.3 | $52.6B | |
| Flex Ltd. FLEX | 9 of 9 | FY2026 | 13.5% | 46.3 | $44.3B | |
| Illumina, Inc. ILMN | 9 of 9 | FY2025 | 20.4% | 51.9 | $42.0B | |
| Cboe Global Markets, Inc. CBOE | 9 of 9 | FY2025 | 24.8% | 23.8 | $31.9B | |
| Expedia Group, Inc. EXPE | 9 of 9 | FY2025 | 37.6% | 17.1 | $31.4B | |
| TechnipFMC plc FTI | 9 of 9 | FY2025 | 45.3% | 24.2 | $27.3B | |
| F5, Inc. FFIV | 9 of 9 | FY2025 | 21.1% | 38.2 | $27.3B | |
| West Pharmaceutical Services Inc. WST | 9 of 9 | FY2025 | 21.3% | 46.9 | $25.8B | |
| Ralph Lauren Corp. RL | 9 of 9 | FY2026 | 31.5% | 23.4 | $22.8B | |
| Dollar Tree, Inc. DLTR | 9 of 9 | FY2025 | 34.6% | 14.5 | $22.3B | |
| PTC Inc. PTC | 9 of 9 | FY2025 | 22.8% | 18.9 | $21.5B | |
| Steris plc STE | 9 of 9 | FY2026 | 12.5% | 26.2 | $20.9B | |
| Carpenter Technology Corp. CRS | 9 of 9 | FY2026 | 24.1% | 36.7 | $19.1B | |
| Broadridge Financial Solutions, Inc. BR | 9 of 9 | FY2026 | 21.3% | 17.2 | $18.9B | |
| Leidos Holdings, Inc. LDOS | 9 of 9 | FY2025 | 18.0% | 11.4 | $15.3B | |
| Bentley Systems Inc. BSY | 9 of 9 | FY2025 | 15.6% | 38.4 | $11.2B | |
| NEW York Times Co. NYT | 9 of 9 | FY2025 | 23.2% | 27.6 | $10.8B | |
| Globus Medical Inc. GMED | 9 of 9 | FY2025 | 13.4% | 19.1 | $10.0B | |
| Pentair plc PNR | 9 of 9 | FY2025 | 15.2% | 13.2 | $8.5B | |
| Healthequity, Inc. HQY | 9 of 9 | FY2026 | 12.0% | 33.4 | $7.7B | |
| Urban Outfitters Inc. URBN | 9 of 9 | FY2026 | 25.6% | 12.8 | $7.0B | |
| Plexus Corp. PLXS | 9 of 9 | FY2025 | n/a | n/a | $7.0B | |
| Armstrong World Industries Inc. AWI | 9 of 9 | FY2025 | 32.0% | 22.2 | $6.9B | |
| StandardAero, Inc. SARO | 9 of 9 | FY2025 | 11.8% | 20.8 | $6.7B | |
| Balchem Corp. BCPC | 9 of 9 | FY2025 | 15.0% | 33.0 | $5.4B | |
| Cirrus Logic, Inc. CRUS | 9 of 9 | FY2026 | 21.6% | 13.1 | $5.4B | |
| Signet Jewelers Ltd. SIG | 9 of 9 | FY2026 | 25.4% | 12.1 | $4.1B | |
| Netscout Systems Inc. NTCT | 9 of 9 | FY2026 | 7.9% | 24.8 | $3.0B | |
| Monarch Casino & Resort Inc. MCRI | 9 of 9 | FY2025 | 24.4% | 18.3 | $2.0B | |
| Pacira BioSciences, Inc. PCRX | 9 of 9 | FY2025 | 1.9% | 103.8 | $1.4B | |
| Apple Inc. AAPL | 8 of 9 | FY2025 | 81.6% | 38.6 | $4.92T | |
| Alphabet Inc. GOOGL | 8 of 9 | FY2025 | 20.0% | 17.7 | $4.30T | |
| Micron Technology Inc. MU | 8 of 9 | FY2026 | 70.4% | 13.9 | $1.16T | |
| Eli Lilly & Co. LLY | 8 of 9 | FY2025 | n/a | 39.5 | $1.11T | |
| Walmart Inc. WMT | 8 of 9 | FY2026 | 23.4% | 40.2 | $883.5B | |
| Palantir Technologies Inc. PLTR | 8 of 9 | FY2025 | 27.0% | 178.7 | $502.3B | |
| AbbVie Inc. ABBV | 8 of 9 | FY2025 | n/a | 78.1 | $488.4B | |
| Lam Research Corp. LRCX | 8 of 9 | FY2026 | 50.6% | 55.3 | $398.9B | |
| Philip Morris International Inc. PM | 8 of 9 | FY2025 | n/a | 28.9 | $313.6B | |
| KLA Corp. KLAC | 8 of 9 | FY2026 | n/a | 53.4 | $255.7B | |
| RTX Corp. RTX | 8 of 9 | FY2025 | 10.7% | 32.7 | $250.7B | |
| Marvell Technology, Inc. MRVL | 8 of 9 | FY2026 | 6.6% | 90.9 | $241.4B | |
| Sandisk Corp. SNDK | 8 of 9 | FY2026 | 78.7% | 21.7 | $231.0B | |
| Analog Devices Inc. ADI | 8 of 9 | FY2025 | 12.2% | 48.2 | $196.8B | |
| Gilead Sciences, Inc. GILD | 8 of 9 | FY2025 | -6.6% | n/a | $187.6B | |
| Seagate Technology Holdings plc STX | 8 of 9 | FY2026 | 71.0% | 56.4 | $177.5B | |
| TJX Companies Inc. TJX | 8 of 9 | FY2026 | n/a | 25.7 | $152.8B | |
| Vertex Pharmaceuticals Inc. VRTX | 8 of 9 | FY2025 | 23.6% | 29.7 | $129.3B | |
| Marathon Petroleum Corp. MPC | 8 of 9 | FY2025 | 28.4% | 15.6 | $127.8B | |
| Bristol-Myers Squibb Co. BMY | 8 of 9 | FY2025 | 18.3% | 13.0 | $120.7B | |
| Phillips 66 PSX | 8 of 9 | FY2025 | n/a | 15.9 | $111.0B | |
| Howmet Aerospace Inc. HWM | 8 of 9 | FY2025 | 24.4% | 48.5 | $90.1B | |
| Cintas Corp. CTAS | 8 of 9 | FY2026 | 35.3% | 39.9 | $80.9B | |
| Warner Bros. Discovery, Inc. WBD | 8 of 9 | FY2025 | -2.0% | n/a | $77.6B | |
| Republic Services, Inc. RSG | 8 of 9 | FY2025 | 13.2% | 30.7 | $66.4B | |
| AMETEK Inc. AME | 8 of 9 | FY2025 | 16.5% | 36.3 | $57.0B | |
| Autodesk, Inc. ADSK | 8 of 9 | FY2026 | 34.7% | 30.4 | $49.2B | |
| Teva Pharmaceutical Industries Ltd. TEVA | 8 of 9 | FY2025 | 6.6% | 68.5 | $47.9B | |
| L3Harris Technologies, Inc. LHX | 8 of 9 | FY2025 | 8.0% | 23.9 | $44.1B | |
| Monster Beverage Corp. MNST | 8 of 9 | FY2025 | 28.7% | 20.2 | $42.7B | |
| Ferguson Enterprises Inc. FERG | 8 of 9 | FY2025 | 23.7% | 24.4 | $42.6B | |
| Okta, Inc. OKTA | 8 of 9 | FY2026 | 3.3% | 139.8 | $41.5B | |
| MSCI Inc. MSCI | 8 of 9 | FY2025 | n/a | 30.9 | $41.1B | |
| IDEXX Laboratories Inc. IDXX | 8 of 9 | FY2025 | 56.5% | 36.4 | $40.9B | |
| Mettler Toledo International Inc. MTD | 8 of 9 | FY2025 | n/a | 34.9 | $33.6B | |
| EQT Corp. EQT | 8 of 9 | FY2025 | 13.1% | 12.3 | $33.0B | |
| Dexcom Inc. DXCM | 8 of 9 | FY2025 | 29.5% | 33.2 | $31.7B | |
| Vulcan Materials Co. VMC | 8 of 9 | FY2025 | 12.7% | 28.9 | $31.7B | |
| Zoetis Inc. ZTS | 8 of 9 | FY2025 | n/a | 12.3 | $31.0B | |
| Verisign Inc. VRSN | 8 of 9 | FY2025 | n/a | 32.9 | $27.5B | |
| ATI Inc. ATI | 8 of 9 | FY2025 | 19.5% | 56.2 | $26.1B | |
| Caseys General Stores Inc. CASY | 8 of 9 | FY2026 | 24.2% | 31.1 | $23.9B | |
| United Therapeutics Corp. UTHR | 8 of 9 | FY2025 | 21.9% | 19.7 | $23.5B | |
| Tapestry, Inc. TPR | 8 of 9 | FY2026 | 62.3% | 15.9 | $23.3B | |
| Incyte Corp. INCY | 8 of 9 | FY2025 | 28.0% | 14.4 | $22.7B | |
| HF Sinclair Corp. DINO | 8 of 9 | FY2025 | 19.8% | 11.6 | $21.6B | |
| Constellation Brands, Inc. STZ | 8 of 9 | FY2026 | 14.8% | 11.0 | $20.9B | |
| Woodward, Inc. WWD | 8 of 9 | FY2025 | n/a | 37.3 | $19.8B | |
| Curtiss Wright Corp. CW | 8 of 9 | FY2025 | 18.4% | 35.3 | $18.9B | |
| Toast, Inc. TOST | 8 of 9 | FY2025 | 21.1% | 40.1 | $18.5B | |
| APi Group Corp. APG | 8 of 9 | FY2025 | 8.6% | 53.5 | $17.4B | |
| Mastec Inc. MTZ | 8 of 9 | FY2025 | n/a | 33.9 | $17.1B | |
| CF Industries Holdings, Inc. CF | 8 of 9 | FY2025 | 35.5% | 8.3 | $16.9B | |
| Lamar Advertising Co. LAMR | 8 of 9 | FY2025 | 17.4% | 26.7 | $14.9B | |
| Aramark ARMK | 8 of 9 | FY2025 | 9.2% | 38.4 | $14.5B | |
| DigitalOcean Holdings, Inc. DOCN | 8 of 9 | FY2025 | 8.1% | 61.6 | $14.2B | |
| Logitech International S.A. LOGI | 8 of 9 | FY2026 | 37.1% | 18.0 | $14.1B | |
| Masco Corp. MAS | 8 of 9 | FY2025 | n/a | 15.8 | $13.6B | |
| Allegion plc ALLE | 8 of 9 | FY2025 | 21.5% | 19.8 | $12.8B | |
| Vicor Corp. VICR | 8 of 9 | FY2025 | 10.6% | 85.3 | $12.7B | |
| Penumbra Inc. PEN | 8 of 9 | FY2025 | 12.2% | 78.5 | $12.6B | |
| BJ's Wholesale Club Holdings, Inc. BJ | 8 of 9 | FY2025 | 33.0% | 21.6 | $12.5B | |
| Five Below, Inc. FIVE | 8 of 9 | FY2025 | 31.7% | 19.3 | $11.8B | |
| Watts Water Technologies Inc. WTS | 8 of 9 | FY2025 | 22.3% | 30.8 | $11.8B | |
| Crown Holdings, Inc. CCK | 8 of 9 | FY2025 | 18.3% | 15.6 | $11.8B | |
| Sanmina Corp. SANM | 8 of 9 | FY2025 | 10.8% | 38.9 | $11.7B | |
| Hecla Mining Co. HL | 8 of 9 | FY2025 | 27.5% | 34.8 | $11.5B | |
| Bio-Techne Corp. TECH | 8 of 9 | FY2026 | 10.9% | 63.0 | $11.3B | |
| Cognex Corp. CGNX | 8 of 9 | FY2025 | 14.6% | 61.1 | $10.6B | |
| Factset Research Systems Inc. FDS | 8 of 9 | FY2025 | 21.1% | 18.9 | $10.3B | |
| Dominos Pizza Inc. DPZ | 8 of 9 | FY2025 | n/a | 17.8 | $10.2B | |
| Qorvo, Inc. QRVO | 8 of 9 | FY2026 | 9.5% | 26.5 | $10.1B | |
| Range Resources Corp. RRC | 8 of 9 | FY2025 | 19.8% | 11.3 | $9.6B | |
| Darling Ingredients Inc. DAR | 8 of 9 | FY2025 | 10.5% | 16.2 | $9.5B | |
| Match Group, Inc. MTCH | 8 of 9 | FY2025 | n/a | 14.5 | $9.4B | |
| FirstCash Holdings, Inc. FCFS | 8 of 9 | FY2025 | 11.3% | 24.4 | $9.3B | |
| Aptiv plc APTV | 8 of 9 | FY2025 | 7.1% | 41.3 | $9.1B | |
| Life Time Group Holdings, Inc. LTH | 8 of 9 | FY2025 | 11.5% | 22.2 | $9.1B | |
| Corteva, Inc. CTVA | 8 of 9 | FY2025 | n/a | 8.8 | $8.8B | |
| SPX Technologies, Inc. SPXC | 8 of 9 | FY2025 | 13.5% | 30.5 | $8.5B | |
| Paylocity Holding Corp. PCTY | 8 of 9 | FY2026 | 29.6% | 31.1 | $8.2B | |
| Brinker International, Inc. EAT | 8 of 9 | FY2026 | 71.8% | 17.8 | $8.2B | |
| Autoliv Inc. ALV | 8 of 9 | FY2025 | 24.3% | 12.9 | $8.0B | |
| Chewy, Inc. CHWY | 8 of 9 | FY2025 | 34.1% | 28.7 | $7.8B | |
| Zurn Elkay Water Solutions Corp. ZWS | 8 of 9 | FY2025 | 17.3% | 28.7 | $7.7B | |
| National Fuel GAS Co. NFG | 8 of 9 | FY2025 | 13.5% | 10.9 | $7.5B | |
| Agco Corp. AGCO | 8 of 9 | FY2025 | 9.0% | 14.3 | $7.2B | |
| UiPath, Inc. PATH | 8 of 9 | FY2026 | 7.8% | 20.1 | $7.1B | |
| Simpson Manufacturing Co., Inc. SSD | 8 of 9 | FY2025 | 20.7% | 18.7 | $7.0B | |
| Federal Signal Corp. FSS | 8 of 9 | FY2025 | 20.2% | 24.5 | $6.9B | |
| RingCentral, Inc. RNG | 8 of 9 | FY2025 | n/a | 63.4 | $6.9B | |
| Gates Industrial Corp. Ltd. GTES | 8 of 9 | FY2025 | 8.1% | 18.9 | $6.8B | |
| Macy's, Inc. M | 8 of 9 | FY2025 | 15.5% | 8.3 | $5.9B | |
| V F Corp. VFC | 8 of 9 | FY2026 | 12.2% | 21.7 | $5.9B | |
| Pegasystems Inc. PEGA | 8 of 9 | FY2025 | 30.8% | 20.2 | $5.9B | |
| CVR Energy Inc. CVI | 8 of 9 | FY2025 | 15.7% | 85.3 | $5.8B | |
| ExlService Holdings, Inc. EXLS | 8 of 9 | FY2025 | 26.7% | 23.1 | $5.6B | |
| Laureate Education, Inc. LAUR | 8 of 9 | FY2025 | 34.2% | 17.9 | $5.4B | |
| Merit Medical Systems Inc. MMSI | 8 of 9 | FY2025 | 8.3% | 36.0 | $5.2B | |
| MYR Group Inc. MYRG | 8 of 9 | FY2025 | 29.5% | 29.6 | $4.9B | |
| Kulicke & Soffa Industries Inc. KLIC | 8 of 9 | FY2025 | 13.8% | 42.4 | $4.8B | |
| Chefs' Warehouse, Inc. CHEF | 8 of 9 | FY2025 | 13.0% | 54.4 | $4.7B | |
| Oceaneering International Inc. OII | 8 of 9 | FY2025 | 18.0% | 12.9 | $4.5B | |
| Covista Inc. CVSA | 8 of 9 | FY2026 | 18.2% | 18.4 | $4.4B | |
| Belden Inc. BDC | 8 of 9 | FY2025 | 13.0% | 17.8 | $4.3B | |
| Brinks Co. BCO | 8 of 9 | FY2025 | 13.7% | 23.9 | $4.3B | |
| AZZ Inc. AZZ | 8 of 9 | FY2026 | 14.7% | 20.9 | $4.1B | |
| Cavco Industries, Inc. CVCO | 8 of 9 | FY2026 | 19.9% | 23.1 | $4.1B | |
| Valvoline Inc. VVV | 8 of 9 | FY2025 | 14.9% | 37.9 | $3.9B | |
| Envista Holdings Corp. NVST | 8 of 9 | FY2025 | 6.1% | 39.6 | $3.7B | |
| Boot Barn Holdings, Inc. BOOT | 8 of 9 | FY2026 | 23.5% | 15.2 | $3.6B | |
| Dorman Products, Inc. DORM | 8 of 9 | FY2025 | 16.0% | 16.7 | $3.6B | |
| Bright Horizons Family Solutions Inc. BFAM | 8 of 9 | FY2025 | 15.4% | 22.0 | $3.4B | |
| Mueller Water Products, Inc. MWA | 8 of 9 | FY2025 | 18.3% | 15.4 | $3.4B | |
| IPG Photonics Corp. IPGP | 8 of 9 | FY2025 | 0.4% | 120.4 | $3.3B | |
| Extreme Networks Inc. EXTR | 8 of 9 | FY2026 | 24.8% | 75.6 | $3.2B | |
| Freshpet, Inc. FRPT | 8 of 9 | FY2025 | 5.8% | 16.8 | $3.1B | |
| National Beverage Corp. FIZZ | 8 of 9 | FY2026 | 59.2% | 16.4 | $2.9B | |
| Teradata Corp. TDC | 8 of 9 | FY2025 | 21.4% | 6.4 | $2.8B | |
| WD 40 Co. WDFC | 8 of 9 | FY2025 | 31.1% | 30.7 | $2.7B | |
| CarGurus, Inc. CARG | 8 of 9 | FY2025 | n/a | 15.7 | $2.6B | |
| John Wiley & Sons, Inc. WLY | 8 of 9 | FY2026 | 11.9% | 13.1 | $2.5B | |
| Hayward Holdings, Inc. HAYW | 8 of 9 | FY2025 | 9.7% | 15.3 | $2.4B | |
| Peloton Interactive, Inc. PTON | 8 of 9 | FY2026 | n/a | 36.3 | $2.2B | |
| V2X, Inc. VVX | 8 of 9 | FY2025 | 9.4% | 24.5 | $2.2B | |
| Central Garden & PET Co. CENTA | 8 of 9 | FY2025 | 8.5% | 13.1 | $2.2B | |
| Diebold Nixdorf, Inc. DBD | 8 of 9 | FY2025 | 12.9% | 20.8 | $2.2B | |
| Progyny, Inc. PGNY | 8 of 9 | FY2025 | 24.7% | 30.4 | $2.2B | |
| Blackbaud Inc. BLKB | 8 of 9 | FY2025 | 19.0% | n/a | $2.1B | |
| Interface Inc. TILE | 8 of 9 | FY2025 | 22.2% | 14.1 | $2.0B | |
| LCI Industries LCII | 8 of 9 | FY2025 | 13.2% | 9.1 | $1.9B | |
| CTS Corp. CTS | 8 of 9 | FY2025 | n/a | n/a | $1.6B | |
| Omnicell, Inc. OMCL | 8 of 9 | FY2025 | 4.0% | 42.6 | $1.6B | |
| Wolverine World Wide Inc. WWW | 8 of 9 | FY2025 | 15.4% | 15.8 | $1.6B | |
| Sally Beauty Holdings, Inc. SBH | 8 of 9 | FY2025 | 18.6% | 8.3 | $1.5B | |
| Healthcare Services Group Inc. HCSG | 8 of 9 | FY2025 | n/a | 12.0 | $1.4B | |
| DEL Monte Corp. DMC | 8 of 9 | FY2025 | 3.2% | 41.5 | $1.4B | |
| National Vision Holdings, Inc. EYE | 8 of 9 | FY2025 | 7.3% | 27.3 | $1.3B | |
| Scansource, Inc. SCSC | 8 of 9 | FY2026 | 9.7% | 16.6 | $1.2B | |
| La-Z-Boy Inc. LZB | 8 of 9 | FY2026 | 10.4% | 14.8 | $1.2B | |
| Koppers Holdings Inc. KOP | 8 of 9 | FY2025 | -3.3% | n/a | $820M |
The past-year figures show how the companies on the list did over the year behind them; they are no test of the rule going forward.