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COMM (CommScope Holding Co) Piotroski F-Score : 6 (As of Jun. 26, 2025)


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What is CommScope Holding Co Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CommScope Holding Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for CommScope Holding Co's Piotroski F-Score or its related term are showing as below:

COMM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of CommScope Holding Co was 8. The lowest was 3. And the median was 4.


CommScope Holding Co Piotroski F-Score Historical Data

The historical data trend for CommScope Holding Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CommScope Holding Co Piotroski F-Score Chart

CommScope Holding Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 3.00 5.00 6.00

CommScope Holding Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 3.00 4.00 6.00 6.00

Competitive Comparison of CommScope Holding Co's Piotroski F-Score

For the Communication Equipment subindustry, CommScope Holding Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CommScope Holding Co's Piotroski F-Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CommScope Holding Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CommScope Holding Co's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 44.4 + -33 + 32.3 + 784 = $828 Mil.
Cash Flow from Operations was 50.8 + 122.1 + 277.9 + -186.9 = $264 Mil.
Revenue was 1386.9 + 1082.2 + 1169.1 + 1112.2 = $4,750 Mil.
Gross Profit was 547.6 + 435.1 + 450.1 + 468.6 = $1,901 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(8653.6 + 8821 + 8810.7 + 8747.5 + 7507.4) / 5 = $8508.04 Mil.
Total Assets at the begining of this year (Mar24) was $8,654 Mil.
Long-Term Debt & Capital Lease Obligation was $7,245 Mil.
Total Current Assets was $2,298 Mil.
Total Current Liabilities was $1,049 Mil.
Net Income was -100.4 + -828.7 + -581.1 + -333.7 = $-1,844 Mil.

Revenue was 1588.8 + 1053.4 + 923.1 + 900.9 = $4,466 Mil.
Gross Profit was 568.9 + 380.2 + 342.2 + 295.1 = $1,586 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(11337 + 11165.7 + 10065.6 + 9332.5 + 8653.6) / 5 = $10110.88 Mil.
Total Assets at the begining of last year (Mar23) was $11,337 Mil.
Long-Term Debt & Capital Lease Obligation was $9,245 Mil.
Total Current Assets was $2,407 Mil.
Total Current Liabilities was $1,049 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CommScope Holding Co's current Net Income (TTM) was 828. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CommScope Holding Co's current Cash Flow from Operations (TTM) was 264. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=827.7/8653.6
=0.09564805

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-1843.9/11337
=-0.16264444

CommScope Holding Co's return on assets of this year was 0.09564805. CommScope Holding Co's return on assets of last year was -0.16264444. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

CommScope Holding Co's current Net Income (TTM) was 828. CommScope Holding Co's current Cash Flow from Operations (TTM) was 264. ==> 264 <= 828 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7244.7/8508.04
=0.85151222

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=9244.6/10110.88
=0.914322

CommScope Holding Co's gearing of this year was 0.85151222. CommScope Holding Co's gearing of last year was 0.914322. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=2297.5/1048.9
=2.19038993

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=2407.4/1048.9
=2.29516636

CommScope Holding Co's current ratio of this year was 2.19038993. CommScope Holding Co's current ratio of last year was 2.29516636. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

CommScope Holding Co's number of shares in issue this year was 271.9. CommScope Holding Co's number of shares in issue last year was 212.3. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1901.4/4750.4
=0.40026103

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1586.4/4466.2
=0.35520129

CommScope Holding Co's gross margin of this year was 0.40026103. CommScope Holding Co's gross margin of last year was 0.35520129. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=4750.4/8653.6
=0.54895073

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=4466.2/11337
=0.39394902

CommScope Holding Co's asset turnover of this year was 0.54895073. CommScope Holding Co's asset turnover of last year was 0.39394902. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+0+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CommScope Holding Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

CommScope Holding Co  (NAS:COMM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


CommScope Holding Co Piotroski F-Score Related Terms

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CommScope Holding Co Business Description

Traded in Other Exchanges
Address
3642 E. US Highway 70, Claremont, NC, USA, 28610
CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center, and entertainment networks. The company provides solutions for wired and wireless networks to enable service providers, including cable, telephone, data center, and digital broadcast satellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services, and Wi-Fi to their subscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networking environments. The company's operating segments are: Connectivity and Cable Solutions (CCS), Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS).
Executives
Kyle David Lorentzen officer: EVP & CFO 9968 GLASGOW COURT, DUBLIN OH 43017
L William Krause director 5000 HACIENDA DR, DUBLIN CA 94538
Watts Claudius E. Iv director THE CARLYLE GROUP, 101 S. TRYON STREET, 25TH FLOOR, CHARLOTTE NC 28280
Linde Koen Ter officer: SVP & President, CCS COMMSCOPE HOLDING COMPANY, INC., 3642 US 70, CLAREMONT NC 28610
Justin C Choi officer: SVP, Chief Legal Officer & Sec ANIXTER INTERNATIONAL INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026
Timothy T Yates director ONE SYMBOL PLAZA, HOLTSVILLE NY 11742
Charles L. Treadway director, officer: President and CEO 8155 T&B BOULEVARD, MEMPHIS TN 38125
John R. Carlson officer: SVP & Chief Commercial Officer C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602
Bartolomeo Giordano officer: SVP & President, NICS 1100 COMMSCOPE PL SE, C/O COMMSCOPE HOLDING COMPANY, INC., HICKORY NC 28602
Joanne M Maguire director 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Farid Firouzbakht officer: SVP & President, OWN 3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014
Laurie S. Oracion officer: SVP & CAO C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602
Frank M Drendel director, officer: Chairman of Board NEXTEL COMMUNICATIONS INC, 2001 EDMUND HALLEY DRIVE, RESTON VA 20191
Markus R. Ogurek officer: SVP & President, NICS C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602
Mindy Mackenzie director 510 LAKE COOK ROAD, DEERFIELD IL 60015