Sow Good Inc.
SOWG Consumer Defensive Confectioners
In the quarter to June 2026, revenue fell 56.3%, EPS grew 96.5%, free cash flow fell 406.7% and total debt fell 92.9%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
Follow SOWG
Sow Good Inc. (SOWG) Piotroski F-score
Sow Good Inc.'s Piotroski F-score for fiscal 2024 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2023.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 4 | 1.00 |
| FY2023 | 3 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (9.72%) | (20.14%) | Fail | 0 |
| Positive operating cash flow | (9.43m) | (4.85m) | Fail | 0 |
| Rising return on assets | (9.72%) | (20.14%) | Pass | 1 |
| Cash flow above net income | (5.72m) | (1.79m) | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.31 | Pass | 1 |
| Rising current ratio | 3.40 | 1.80 | Pass | 1 |
| No new shares issued | 616,200 | 344,700 | Fail | 0 |
| Rising gross margin | 40.56% | 20.38% | Pass | 1 |
| Rising asset turnover | 0.84 | 1.06 | Fail | 0 |
| 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 |
|---|---|
| TR Tootsie Roll Industries, Inc. compare | 7 |
| HSY Hershey Company (The) compare | 5 |
| MDLZ Mondelez International, Inc. compare | 5 |
| SOWG Sow Good Inc. | 4 |
| RMCF Rocky Mountain Chocolate Factory, Inc. compare | 3 |
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