TSS Inc.

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TSS Inc.’s revenue for fiscal 2025 (year ended December 2025) was $245.7 million, up 65.9% from fiscal 2024. In the quarter to June 2026, revenue fell 20.1%, EPS fell 16.7%, free cash flow fell 34.5% and total debt fell 17.7%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

7.07 0.36 −4.85%
Market cap
$209.7M
P/E
13.6×
Fwd P/E
58.2×
Dividend yield
—
F-score
6/9
Altman Z
2.38
Beneish M
−2.93
Dividend safety
n/a

TSS Inc. (TSSI) Piotroski F-score

Alert me on Piotroski F-score

TSS Inc.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 5 in fiscal 2024.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2025 6 1.00
FY2024 5 0.00
FY2023 5 (1.00)
FY2022 6 4.00
FY2021 2 (2.00)
FY2020 4 0.00
FY2019 4 (1.00)
FY2018 5 1.00
FY2017 4 (1.00)
FY2016 5 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets 10.75% 9.78% Pass 1
Positive operating cash flow 34.86m 15.30m Pass 1
Rising return on assets 10.75% 9.78% Pass 1
Cash flow above net income 19.74m 9.32m Pass 1
Falling long-term leverage 0.10 0.13 Pass 1
Rising current ratio 1.63 1.02 Pass 1
No new shares issued 24,953,000 22,403,000 Fail 0
Rising gross margin 13.18% 15.09% Fail 0
Rising asset turnover 1.75 2.43 Fail 0
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:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — 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

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

The full definition of Piotroski F-score →

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