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BE (Bloom Energy) Piotroski F-Score : 7 (As of Jul. 19, 2025)


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What is Bloom Energy Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Bloom Energy has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

BE' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

During the past 9 years, the highest Piotroski F-Score of Bloom Energy was 7. The lowest was 2. And the median was 4.


Bloom Energy Piotroski F-Score Historical Data

The historical data trend for Bloom Energy'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.

Bloom Energy Piotroski F-Score Chart

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

Bloom Energy 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 4.00 3.00 2.00 5.00 7.00

Competitive Comparison of Bloom Energy's Piotroski F-Score

For the Electrical Equipment & Parts subindustry, Bloom Energy'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.


Bloom Energy's Piotroski F-Score Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bloom Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bloom Energy'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 -61.787 + -14.711 + 104.795 + -23.814 = $4 Mil.
Cash Flow from Operations was -175.495 + -69.469 + 484.228 + -110.682 = $129 Mil.
Revenue was 335.767 + 330.399 + 572.393 + 326.021 = $1,565 Mil.
Gross Profit was 68.522 + 78.734 + 219.317 + 88.707 = $455 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(2286.054 + 2548.044 + 2604.517 + 2657.354 + 2607.984) / 5 = $2540.7906 Mil.
Total Assets at the begining of this year (Mar24) was $2,286 Mil.
Long-Term Debt & Capital Lease Obligation was $1,366 Mil.
Total Current Assets was $2,009 Mil.
Total Current Liabilities was $584 Mil.
Net Income was -66.061 + -168.999 + 4.511 + -57.524 = $-288 Mil.

Revenue was 301.095 + 400.268 + 356.916 + 235.298 = $1,294 Mil.
Gross Profit was 56.35 + -5.214 + 92.391 + 38.076 = $182 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2192.21 + 2719.902 + 2376.172 + 2413.677 + 2286.054) / 5 = $2397.603 Mil.
Total Assets at the begining of last year (Mar23) was $2,192 Mil.
Long-Term Debt & Capital Lease Obligation was $1,394 Mil.
Total Current Assets was $1,580 Mil.
Total Current Liabilities was $355 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.

Bloom Energy's current Net Income (TTM) was 4. ==> 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.

Bloom Energy's current Cash Flow from Operations (TTM) was 129. ==> 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)
=4.483/2286.054
=0.00196102

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-288.073/2192.21
=-0.13140758

Bloom Energy's return on assets of this year was 0.00196102. Bloom Energy's return on assets of last year was -0.13140758. ==> 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.

Bloom Energy's current Net Income (TTM) was 4. Bloom Energy's current Cash Flow from Operations (TTM) was 129. ==> 129 > 4 ==> 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
=1365.541/2540.7906
=0.53744728

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1393.687/2397.603
=0.58128347

Bloom Energy's gearing of this year was 0.53744728. Bloom Energy's gearing of last year was 0.58128347. ==> 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
=2008.878/584.419
=3.43739338

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1579.595/354.671
=4.45369089

Bloom Energy's current ratio of this year was 3.43739338. Bloom Energy's current ratio of last year was 4.45369089. ==> 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.

Bloom Energy's number of shares in issue this year was 230.21. Bloom Energy's number of shares in issue last year was 225.587. ==> 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
=455.28/1564.58
=0.29099183

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=181.603/1293.577
=0.14038824

Bloom Energy's gross margin of this year was 0.29099183. Bloom Energy's gross margin of last year was 0.14038824. ==> 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)
=1564.58/2286.054
=0.68440203

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1293.577/2192.21
=0.59007896

Bloom Energy's asset turnover of this year was 0.68440203. Bloom Energy's asset turnover of last year was 0.59007896. ==> 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+1+1+0+0+1+1
=7

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

Bloom Energy has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Bloom Energy  (NYSE:BE) 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.


Bloom Energy Piotroski F-Score Related Terms

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Bloom Energy Business Description

Traded in Other Exchanges
Address
4353 North First Street, San Jose, CA, USA, 95134
Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. In 2021, the company announced plans to leverage its technology and enter the electrolyzer market. Bloom primarily sells its systems in the United States and internationally.
Executives
Shawn Marie Soderberg officer: EVP, GC & Secretary 1000 ALFRED NOBEL DRIVE, HERCULES CA 94547
Kr Sridhar director, officer: Chairman & CEO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089
Eddy Zervigon director 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Guillermo Brooks officer: EVP, Sales - Americas 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Sharelynn Faye Moore officer: EVP, Chief Marketing Officer 424 W. HIGH DRIVE, SPOKANE WA 99203
Cynthia J Warner director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Glen Griffiths officer: EVP, Services 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Gregory D Cameron officer: See Remarks 4353 NORTH FIRST STREET, SAN JOSE CA 95134
Jeffrey R Immelt director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
John T Chambers director 170 W. TASMAN DR., SAN JOSE CA 95134-1706
Michael J Boskin director C/O RIPPLEWOOD HOLDINGS LLC, ONE ROCKERFELLER PLAZA, NEW YORK NY 10020
Mary K Bush director 3509 WOODBINE STREET, CHEVY CHASE MD 20815
Swaminathan Venkataraman officer: EVP of Engineering and CTO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089
Sk Ecoplant Co., Ltd. 10 percent owner 19 YULGOK-RO 2-GIL, JONGNO-GU, SEOUL M5 03149
Susan Seilheimer Brennan officer: EVP and COO 1299 ORLEANS DRIVE, SUNNYVALE CA 94089