The Simply Good Foods Company
SMPL Consumer Defensive Packaged Foods
The Simply Good Foods Company’s revenue for fiscal 2025 (year ended August 2025) was $1.5 billion, up 8.98% from fiscal 2024. In the quarter to May 2026, revenue fell 6.29%, EPS fell 241.5%, free cash flow fell 38.6% and total debt rose 59.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.
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The Simply Good Foods Company (SMPL) Piotroski F-score
The Simply Good Foods Company's Piotroski F-score for fiscal 2025 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 5 | 1.00 |
| FY2024 | 4 | (3.00) |
| FY2023 | 7 | 0.00 |
| FY2022 | 7 | 2.00 |
| FY2021 | 5 | 1.00 |
| FY2020 | 4 | (1.00) |
| FY2019 | 5 | (2.00) |
| FY2018 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 4.29% | 6.15% | Pass | 1 |
| Positive operating cash flow | 178.46m | 215.70m | Pass | 1 |
| Rising return on assets | 4.29% | 6.15% | Fail | 0 |
| Cash flow above net income | 74.84m | 76.40m | Pass | 1 |
| Falling long-term leverage | 0.10 | 0.18 | Pass | 1 |
| Rising current ratio | 3.64 | 4.05 | Fail | 0 |
| No new shares issued | 100,695,200 | 99,929,200 | Fail | 0 |
| Rising gross margin | 36.24% | 38.43% | Fail | 0 |
| Rising asset turnover | 0.60 | 0.59 | Pass | 1 |
| Piotroski F-score | Mixed | 5 | ||
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 |
|---|---|
| SENEA Seneca Foods Corp. compare | 9 |
| MAMA Mama's Creations, Inc. compare | 5 |
| SMPL The Simply Good Foods Company | 5 |
| HLF Herbalife Ltd compare | 5 |
| BRBR BellRing Brands Inc. compare | 4 |
| JJSF J & J Snack Foods Corp. compare | 4 |
| JBSS John B. Sanfilippo & Son, Inc. compare | 3 |
| FLO Flowers Foods, Inc. compare | 3 |
| WEST Westrock Coffee Company 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