Oatly Group AB Sponsored ADR
OTLY Consumer Defensive Packaged Foods
Oatly Group AB Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $862.5 million, up 4.71% from fiscal 2024. In the quarter to June 2026, revenue grew 15.2%, EPS grew 46.8%, free cash flow grew 89.3% and total debt rose 257.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Oatly Group AB Sponsored ADR (OTLY) Piotroski F-score
Oatly Group AB Sponsored ADR's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (1.00) |
| FY2024 | 5 | 2.00 |
| FY2023 | 3 | 1.00 |
| FY2022 | 2 | 0.00 |
| FY2021 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (19.20%) | (21.03%) | Fail | 0 |
| Positive operating cash flow | (23.72m) | (114.43m) | Fail | 0 |
| Rising return on assets | (19.20%) | (21.03%) | Pass | 1 |
| Cash flow above net income | 129.05m | 87.52m | Pass | 1 |
| Falling long-term leverage | 0.26 | 0.15 | Fail | 0 |
| Rising current ratio | 0.48 | 0.56 | Fail | 0 |
| No new shares issued | 30,376,300 | 29,844,300 | Fail | 0 |
| Rising gross margin | 32.12% | 28.71% | Pass | 1 |
| Rising asset turnover | 1.08 | 0.86 | Pass | 1 |
| 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 |
|---|---|
| NATR Nature's Sunshine Products, Inc. compare | 8 |
| USNA USANA Health Sciences, Inc. compare | 7 |
| LWAY Lifeway Foods, Inc. compare | 5 |
| BGS B&G Foods, Inc. compare | 5 |
| MAMA Mama's Creations, Inc. compare | 5 |
| PRE Prenetics Global Limited compare | 5 |
| OTLY Oatly Group AB Sponsored ADR | 4 |
| BRCC BRC Inc. compare | 4 |
| ENHA Enhanced Group Inc. 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