Phoenix Motor Inc.
PEVM Consumer Cyclical Auto Manufacturers
In the quarter to September 2025, revenue fell 47.8%, EPS grew 56.0% and free cash flow grew 32.5%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Phoenix Motor Inc. (PEVM) Piotroski F-score
Phoenix Motor Inc.'s Piotroski F-score for fiscal 2024 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 1 in fiscal 2023.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 6 | 5.00 |
| FY2023 | 1 | (3.00) |
| FY2022 | 4 | 2.00 |
| FY2021 | 2 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 22.92% | (128.71%) | Pass | 1 |
| Positive operating cash flow | (1.95m) | (3.65m) | Fail | 0 |
| Rising return on assets | 22.92% | (128.71%) | Pass | 1 |
| Cash flow above net income | (9.88m) | 16.99m | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.04 | Pass | 1 |
| Rising current ratio | 1.98 | 0.55 | Pass | 1 |
| No new shares issued | 709,900 | 424,000 | Fail | 0 |
| Rising gross margin | 22.65% | (8.84%) | Pass | 1 |
| Rising asset turnover | 0.90 | 0.19 | Pass | 1 |
| 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 |
|---|---|
| PEVM Phoenix Motor Inc. | 6 |
| LOBO Lobo EV Technologies Ltd compare | 4 |
| FFAI Faraday Future Intelligent Electric Inc. compare | 3 |
| AZIO Azio AI Holdings, Inc. compare | 3 |
| FABC Fabric.AI, Inc. compare | 2 |
| FLYE Fly-E Group, Inc. compare | — |
| SVUHF SRIVARU Holding Limited compare | — |
| ARVLF Arrival compare | — |
| GOEVQ Canoo 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