stockrowPublic Policy Holding Company, Inc.
PPHC Industrials Consulting Services
Public Policy Holding Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $186.5 million, up 24.7% from fiscal 2024.
- Revenue
- +7.32%
- EPS
- +56.8%
- Free cash flow
- −69.7%
Quarter to June 2026, against a year earlier
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Public Policy Holding Company, Inc. (PPHC) Piotroski F-score
Public Policy Holding Company, Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (21.98%) | (19.47%) | Fail | 0 |
| Positive operating cash flow | 24.77m | 16.40m | Pass | 1 |
| Rising return on assets | (21.98%) | (19.47%) | Fail | 0 |
| Cash flow above net income | 66.20m | 47.76m | Pass | 1 |
| Falling long-term leverage | 0.20 | 0.16 | Fail | 0 |
| Rising current ratio | 1.11 | 1.21 | Fail | 0 |
| No new shares issued | 17,466,700 | 13,409,200 | Fail | 0 |
| Rising gross margin | 10.00% | 11.55% | Fail | 0 |
| Rising asset turnover | 0.99 | 0.93 | Pass | 1 |
| 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 |
|---|---|
| ICFI ICF International, Inc. compare | 7 |
| CRAI Charles River Associates compare | 7 |
| FORR Forrester Research, Inc. compare | 5 |
| RGP Resources Connection, Inc. compare | 5 |
| EGG Enigmatig Limited compare | 4 |
| SBC SBC Medical Group Holdings Incorporated compare | 3 |
| PPHC Public Policy Holding Company, Inc. | 3 |
| ROMA Roma Green Finance Limited compare | 3 |
| EFTY Etoiles Capital Group Co., Ltd. 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