stockrowMako Mining Corp.
MAKO Basic Materials Gold
Mako Mining Corp.’s revenue for fiscal 2025 (year ended December 2025) was $148.5 million, up 61.2% from fiscal 2024.
- Revenue
- +61.7%
- EPS
- +44.7%
- Free cash flow
- +25.3%
Quarter to June 2026, against a year earlier
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Mako Mining Corp. (MAKO) Piotroski F-score
Mako Mining Corp.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 21.39% | 25.73% | Pass | 1 |
| Positive operating cash flow | 52.98m | 34.45m | Pass | 1 |
| Rising return on assets | 21.39% | 25.73% | Fail | 0 |
| Cash flow above net income | 19.24m | 15.30m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.06 | Pass | 1 |
| Rising current ratio | 3.87 | 1.65 | Pass | 1 |
| No new shares issued | 81,704,000 | 72,086,000 | Fail | 0 |
| Rising gross margin | 50.53% | 50.38% | Pass | 1 |
| Rising asset turnover | 0.94 | 1.24 | Fail | 0 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| GORO Gold Resource Corporation compare | 7 |
| MAKO Mako Mining Corp. | 6 |
| GROY Gold Royalty Corp. compare | 6 |
| OGG Osisko Gold Group Inc. compare | 4 |
| DC Dakota Gold Corp. compare | — |
| GAU Galiano Gold Inc. compare | — |
| THM International Tower Hill Mines Ltd compare | — |
| CTGO Contango Silver & Gold Inc. compare | — |
| NFGC New Found Gold Corp. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover