stockrowMDA Space Ltd.
MDA Industrials Aerospace & Defense
MDA Space Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 48.3% from fiscal 2024.
- Revenue
- +33.4%
- EPS
- −12.3%
- Free cash flow
- −1,555.8%
- Total debt
- −3.38%
Quarter to June 2026, against a year earlier
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MDA Space Ltd. (MDA) Piotroski F-score
MDA Space Ltd.'s Piotroski F-score for fiscal 2025 cannot be worked out: needs three fiscal years.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 3.61% | — | Pass | 1 |
| Positive operating cash flow | 291.65m | 595.22m | Pass | 1 |
| Rising return on assets | 3.61% | — | n/a | — |
| Cash flow above net income | 213.99m | 537.28m | Pass | 1 |
| Falling long-term leverage | 0.13 | — | n/a | — |
| Rising current ratio | 0.47 | 0.57 | Fail | 0 |
| No new shares issued | 124,247,000 | 120,089,000 | Fail | 0 |
| Rising gross margin | 25.09% | 26.08% | Fail | 0 |
| Rising asset turnover | 0.54 | — | n/a | — |
| Piotroski F-score | n/a — needs three fiscal years | — | ||
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 |
|---|---|
| VSEC VSE Corporation compare | 7 |
| KRMN Karman Holdings Inc. compare | 6 |
| MOG.B Moog Inc. compare | 6 |
| AIR AAR Corp. compare | 6 |
| MRCY Mercury Systems Inc compare | 6 |
| BETA BETA Technologies, Inc. compare | 5 |
| PL Planet Labs PBC compare | 2 |
| MDA MDA Space Ltd. | — |
| DPC DPC Holdings PLC 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