OFFIC PPTYS IT
OFFIC PPTYS IT’s revenue for fiscal 2025 (year ended December 2025) was $442.6 million, down 11.8% from fiscal 2024. In the quarter to June 2026, revenue grew 2.04%, EPS fell 6,144.4%, free cash flow fell 358.3% and total debt fell 28.8%, each against the same quarter a year earlier.
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OFFIC PPTYS IT (OPI) Piotroski F-score
OFFIC PPTYS IT's Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | 0.00 |
| FY2024 | 3 | 0.00 |
| FY2023 | 3 | (2.00) |
| FY2022 | 5 | 3.00 |
| FY2021 | 2 | (3.00) |
| FY2020 | 5 | (3.00) |
| FY2019 | 8 | 4.00 |
| FY2018 | 4 | 0.00 |
| FY2017 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (7.45%) | (3.48%) | Fail | 0 |
| Positive operating cash flow | (6.57m) | 67.17m | Fail | 0 |
| Rising return on assets | (7.45%) | (3.48%) | Fail | 0 |
| Cash flow above net income | 265.81m | 203.27m | Pass | 1 |
| Falling long-term leverage | 0.24 | 0.65 | Pass | 1 |
| Rising current ratio | 2.06 | 3.78 | Fail | 0 |
| No new shares issued | 71,915,000 | 51,806,000 | Fail | 0 |
| Rising gross margin | 82.85% | 82.10% | Pass | 1 |
| Rising asset turnover | 0.12 | 0.13 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
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 |
|---|---|
| NLOP Net Lease Office Properties compare | 6 |
| PSTL Postal Realty Trust, Inc. compare | 6 |
| HPP Hudson Pacific Properties, Inc. compare | 6 |
| DEA Easterly Government Properties, Inc. compare | 6 |
| DEI Douglas Emmett, Inc. compare | 4 |
| OPI OFFIC PPTYS IT | 3 |
| PDM Piedmont Realty Trust, Inc. compare | 3 |
| BDN Brandywine Realty Trust compare | 3 |
| ONL Orion Office REIT Inc. compare | 2 |
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