Nightly screen · as of Oct 1, 2026

Piotroski F-Score · Criteria after Joseph Piotroski

Name: Piotroski F-Score screen: US stocks, daily
Creator: Tenet Investing
License: https://tenetinvesting.com/methodology

The nine-point F-Score checklist of year-over-year fundamental improvement: profitability, leverage, liquidity and operating efficiency. Only names scoring 8 or 9 make the list.

Tenet's independent, mechanical implementation of criteria published in Joseph Piotroski, “Value Investing: The Use of Historical Financial Statement Information” (2000).

2,717

universe screened

295

qualify today

Oct 1, 2026

last run

Top 5 by Tenet Score · 290 more with Premium

What is the Tenet Score? →

passesfailsborderlineunknown

FSM

Fortuna Mining Corp.

Basic Materials

✕ No share dilution (≤ +2%)8 of 9

Receipt · FSM · frozen at run timeClears 8 of 9 published testsOn this list since Jul 9, 2026

FSM — every criterion, its measured value, its published bar and the margin
Verdict	Test	Measured	Bar
Passes	Return on assets positive	13.2%	> 0
Passes	Operating cash flow positive	$467.4M	> 0
Passes	Return on assets improving	6.7% → 13.2%
Passes	Earnings backed by cash (CFO > net income)	$467.4M vs $311.1M
Passes	Leverage falling (long-term debt / assets)	6.0% → 5.7%
Passes	Current ratio improving	1.90 → 2.98
Fails	No share dilution (≤ +2%)	+7.8%
Passes	Gross margin expanding	34.5% → 49.3%
Passes	Asset turnover improving	0.32 → 0.40

FLOC

Flowco Holdings Inc.

Industrials

✕ No share dilution (≤ +2%)8 of 9

Receipt · FLOC · frozen at run timeClears 8 of 9 published testsOn this list since Jul 10, 2026

FLOC — every criterion, its measured value, its published bar and the margin
Verdict	Test	Measured	Bar
Passes	Return on assets positive	8.0%	> 0
Passes	Operating cash flow positive	$294.4M	> 0
Passes	Return on assets improving	5.1% → 8.0%
Passes	Earnings backed by cash (CFO > net income)	$294.4M vs $131.7M
Passes	Leverage falling (long-term debt / assets)	40.0% → 10.2%
Passes	Current ratio improving	3.26 → 3.34
Fails	No share dilution (≤ +2%)	no
Passes	Gross margin expanding	64.5% → 69.4%
Passes	Asset turnover improving	0.34 → 0.46

NUTX

Nutex Health Inc

Industrials

✕ No share dilution (≤ +2%)8 of 9

Receipt · NUTX · frozen at run timeClears 8 of 9 published testsOn this list since Jul 10, 2026

NUTX — every criterion, its measured value, its published bar and the margin
Verdict	Test	Measured	Bar
Passes	Return on assets positive	19.6%	> 0
Passes	Operating cash flow positive	$248.1M	> 0
Passes	Return on assets improving	14.5% → 19.6%
Passes	Earnings backed by cash (CFO > net income)	$248.1M vs $180.4M
Passes	Leverage falling (long-term debt / assets)	3.4% → 3.2%
Passes	Current ratio improving	1.90 → 3.41
Fails	No share dilution (≤ +2%)	+17.1%
Passes	Gross margin expanding	40.9% → 50.8%
Passes	Asset turnover improving	0.73 → 0.95

RYAAY

Ryanair Holdings Plc

Industrials

9 of 9

Receipt · RYAAY · frozen at run timeClears 9 of 9 published testsOn this list since Sep 25, 2026

RYAAY — every criterion, its measured value, its published bar and the margin
Verdict	Test	Measured	Bar
Passes	Return on assets positive	11.0%	> 0
Passes	Operating cash flow positive	$4.3B	> 0
Passes	Return on assets improving	9.2% → 11.0%
Passes	Earnings backed by cash (CFO > net income)	$4.3B vs $2.5B
Passes	Leverage falling (long-term debt / assets)	9.6% → 0.7%
Passes	Current ratio improving	0.74 → 0.90
Passes	No share dilution (≤ +2%)	−5.8%
Passes	Gross margin expanding	54.9% → 60.6%
Passes	Asset turnover improving	0.28 → 0.31

CAAP

Corporacion America Airports S.A.

Industrials

✕ Return on assets improving8 of 9

Receipt · CAAP · frozen at run timeClears 8 of 9 published testsOn this list since Jul 10, 2026

CAAP — every criterion, its measured value, its published bar and the margin
Verdict	Test	Measured	Bar
Passes	Return on assets positive	5.8%	> 0
Passes	Operating cash flow positive	$465.2M	> 0
Fails	Return on assets improving	7.4% → 5.8%
Passes	Earnings backed by cash (CFO > net income)	$465.2M vs $257.7M
Passes	Leverage falling (long-term debt / assets)	27.7% → 24.6%
Passes	Current ratio improving	5.55 → 6.27
Passes	No share dilution (≤ +2%)	+1.2%
Passes	Gross margin expanding	32.9% → 35.2%
Passes	Asset turnover improving	0.44 → 0.44

+290 more names qualify today, every one with its receiptPremium · $119/yr · 7-day trial · cancel anytimeSee all 295 names →

Computed Oct 1, 2026 · universe 2,717 names · recomputed nightly

Click any row for the receipt: every criterion with its live value and pass rule. Score is the Tenet composite (sector-relative, 0–100).

Common questions

What is the Piotroski F-Score?

A 0–9 checklist from Piotroski's 2000 paper: positive net income and operating cash flow, cash flow exceeding net income, improving ROA, falling leverage, rising current ratio, no dilution, and improving margin and asset turnover. Higher = fundamentally strengthening.

What F-Score counts as good?

8–9 is strong (this screen's bar); 0–2 signals deteriorating fundamentals. The 2000 paper applied the score within high book-to-market stocks.

Which stocks score 8 or higher right now?

295 of 2717 US names (as of 2026-10-01). The free view publishes the top 5 by Tenet Score, each with its F-Score, and the rest comes with Premium. The full list is recomputed nightly.

Want the full method behind this screen? The Piotroski F-Score, explained is the Academy companion to the nightly playbooks, walking through each test the screen scores.

Every row carries its qualifying math, frozen at run time.

Each Ruleset is independently developed by Tenet based on investment criteria described in publicly available sources associated with the referenced investor. References to third-party names and trademarks are for identification purposes only. Tenet is not affiliated with, sponsored by, endorsed by or otherwise associated with any referenced investor or trademark owner. Any selections, analyses, backtests, scores and performance information reflect Tenet's own interpretation and implementation and have not been prepared, reviewed or approved by the referenced investor or trademark owner. Third-party names and trademarks remain the property of their respective owners. Inputs are derived from regulatory filings and normalized within Tenet's fundamentals database. Not investment advice.

Data from Intrinio and Financial Modeling Prep.