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NWL (Newell Brands) Piotroski F-Score : 5 (As of Jul. 23, 2025)


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What is Newell Brands 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

Newell Brands has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

NWL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Newell Brands was 7. The lowest was 2. And the median was 5.


Newell Brands Piotroski F-Score Historical Data

The historical data trend for Newell Brands'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.

Newell Brands Piotroski F-Score Chart

Newell Brands 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 4.00 7.00 3.00 3.00 5.00

Newell Brands 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 6.00 6.00 5.00 5.00

Competitive Comparison of Newell Brands's Piotroski F-Score

For the Household & Personal Products subindustry, Newell Brands'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.


Newell Brands's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Newell Brands's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Newell Brands'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 45 + -198 + -54 + -37 = $-244 Mil.
Cash Flow from Operations was 32 + 282 + 150 + -213 = $251 Mil.
Revenue was 2033 + 1947 + 1949 + 1566 = $7,495 Mil.
Gross Profit was 699 + 679 + 666 + 503 = $2,547 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(12100 + 12048 + 11773 + 11004 + 11279) / 5 = $11640.8 Mil.
Total Assets at the begining of this year (Mar24) was $12,100 Mil.
Long-Term Debt & Capital Lease Obligation was $4,955 Mil.
Total Current Assets was $3,046 Mil.
Total Current Liabilities was $2,687 Mil.
Net Income was 18 + -218 + -86 + -9 = $-295 Mil.

Revenue was 2204 + 2048 + 2076 + 1653 = $7,981 Mil.
Gross Profit was 629 + 621 + 621 + 504 = $2,375 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(13276 + 13020 + 12572 + 12163 + 12100) / 5 = $12626.2 Mil.
Total Assets at the begining of last year (Mar23) was $13,276 Mil.
Long-Term Debt & Capital Lease Obligation was $4,980 Mil.
Total Current Assets was $3,401 Mil.
Total Current Liabilities was $2,956 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.

Newell Brands's current Net Income (TTM) was -244. ==> Negative ==> Score 0.

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.

Newell Brands's current Cash Flow from Operations (TTM) was 251. ==> 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)
=-244/12100
=-0.02016529

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-295/13276
=-0.02222055

Newell Brands's return on assets of this year was -0.02016529. Newell Brands's return on assets of last year was -0.02222055. ==> 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.

Newell Brands's current Net Income (TTM) was -244. Newell Brands's current Cash Flow from Operations (TTM) was 251. ==> 251 > -244 ==> CFROA > ROA ==> Score 1.

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
=4955/11640.8
=0.42565803

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=4980/12626.2
=0.39441796

Newell Brands's gearing of this year was 0.42565803. Newell Brands's gearing of last year was 0.39441796. ==> Last year is lower than this year ==> Score 0.

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
=3046/2687
=1.13360625

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=3401/2956
=1.15054127

Newell Brands's current ratio of this year was 1.13360625. Newell Brands's current ratio of last year was 1.15054127. ==> 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.

Newell Brands's number of shares in issue this year was 416.8. Newell Brands's number of shares in issue last year was 414.7. ==> 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
=2547/7495
=0.33982655

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2375/7981
=0.29758176

Newell Brands's gross margin of this year was 0.33982655. Newell Brands's gross margin of last year was 0.29758176. ==> 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)
=7495/12100
=0.61942149

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=7981/13276
=0.60115999

Newell Brands's asset turnover of this year was 0.61942149. Newell Brands's asset turnover of last year was 0.60115999. ==> 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
=0+1+1+1+0+0+0+1+1
=5

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

Newell Brands has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Newell Brands  (NAS:NWL) 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.


Newell Brands Piotroski F-Score Related Terms

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Newell Brands Business Description

Address
6655 Peachtree Dunwoody Road, Atlanta, GA, USA, 30328
Newell Brands Inc is an American consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer's, Oster, NUK, Spontex and Campingaz. The group is focused on delighting consumers by lighting up everyday moments. Its segments are Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The group geographic areas are the United States, Canada, Europe, the Middle East and Africa, Asia Pacific, and Latin America.
Executives
Bradford R Turner officer: Sr. VP, Gen. Sounsel & Secy C/O NEWELL BRANDS INC., 6055 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Patrick D Campbell director MINNESOTA MINING & MANUFACTURING CO, 3M CENTER, ST. PAUL IL 55133
Gaoxiang Hu director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Dennis Senovich officer: Chief Supply Chain Officer 6655 PEACHTREE DUNWOODY RD, ATLANTA GA 30328
Mark J Erceg officer: Chief Financial Officer 248 E. SKYLINE DRIVE, WASHINGTON UT 84780
David Willetts director 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Melanie Arlene Huet officer: President, Brand Management 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Stephanie Stahl director C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
James Craigie director 500 CHARLES EWING BLVD, EWING NJ 08628
Mather Courtney director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Maria Fernanda Mejia officer: CEO, International ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Icahn Partners Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160