MEDIFAST INC
MED Consumer Cyclical Personal Services
MEDIFAST INC’s revenue for fiscal 2025 (year ended December 2025) was $385.8 million, down 36.0% from fiscal 2024. In the quarter to June 2026, revenue fell 27.6%, EPS fell 221.7% and free cash flow grew 115.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
Follow MED
MEDIFAST INC (MED) Piotroski F-score
MEDIFAST INC's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (2.00) |
| FY2024 | 6 | (1.00) |
| FY2023 | 7 | 2.00 |
| FY2022 | 5 | (1.00) |
| FY2021 | 6 | (2.00) |
| FY2020 | 8 | 1.00 |
| FY2019 | 7 | 0.00 |
| FY2018 | 7 | 1.00 |
| FY2017 | 6 | (1.00) |
| FY2016 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (7.02%) | 0.70% | Fail | 0 |
| Positive operating cash flow | 6.86m | 24.48m | Pass | 1 |
| Rising return on assets | (7.02%) | 0.70% | Fail | 0 |
| Cash flow above net income | 25.54m | 22.39m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 4.69 | 3.34 | Pass | 1 |
| No new shares issued | 10,981,000 | 10,930,000 | Fail | 0 |
| Rising gross margin | 71.33% | 73.80% | Fail | 0 |
| Rising asset turnover | 1.45 | 2.03 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
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 |
|---|---|
| BFAM Bright Horizons Family Solutions Inc. compare | 8 |
| FTDR Frontdoor Inc. compare | 7 |
| CSV Carriage Services, Inc. compare | 7 |
| RGS Regis Corporation compare | 5 |
| IVPR Inspire Veterinary Partners, Inc. compare | 4 |
| MED MEDIFAST INC | 4 |
| EJH E-Home Household Service Holdings Limited compare | 3 |
| YFOR YYForce Inc. compare | 3 |
| CLIK Click Holdings Limited 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