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Moog (MOG.A) Piotroski F-Score : 5 (As of Jun. 28, 2025)


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What is Moog 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

Moog 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 Moog's Piotroski F-Score or its related term are showing as below:

MOG.A' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Moog was 9. The lowest was 4. And the median was 6.


Moog Piotroski F-Score Historical Data

The historical data trend for Moog'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.

Moog Piotroski F-Score Chart

Moog Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 7.00 5.00 6.00

Moog 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 6.00 5.00 6.00 5.00 5.00

Competitive Comparison of Moog's Piotroski F-Score

For the Aerospace & Defense subindustry, Moog'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.


Moog's Piotroski F-Score Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Moog's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Moog'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 56.36 + 43.045 + 53.113 + 55.754 = $208 Mil.
Cash Flow from Operations was 30.166 + 155.789 + -132.284 + 39.422 = $93 Mil.
Revenue was 904.735 + 917.272 + 910.315 + 934.84 = $3,667 Mil.
Gross Profit was 251.463 + 245.479 + 242.275 + 256.043 = $995 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(4039.12 + 4067.748 + 4093.626 + 4193.012 + 4319.255) / 5 = $4142.5522 Mil.
Total Assets at the begining of this year (Mar24) was $4,039 Mil.
Long-Term Debt & Capital Lease Obligation was $1,166 Mil.
Total Current Assets was $2,332 Mil.
Total Current Liabilities was $951 Mil.
Net Income was 42.387 + 39.582 + 47.812 + 60.003 = $190 Mil.

Revenue was 850.176 + 872.051 + 856.85 + 930.303 = $3,509 Mil.
Gross Profit was 222.633 + 243.898 + 233.199 + 266.778 = $967 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(3699.609 + 3882.243 + 3808.036 + 3987.955 + 4039.12) / 5 = $3883.3926 Mil.
Total Assets at the begining of last year (Mar23) was $3,700 Mil.
Long-Term Debt & Capital Lease Obligation was $949 Mil.
Total Current Assets was $2,157 Mil.
Total Current Liabilities was $1,005 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.

Moog's current Net Income (TTM) was 208. ==> 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.

Moog's current Cash Flow from Operations (TTM) was 93. ==> 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)
=208.272/4039.12
=0.05156371

ROA (Last Year)=Net Income/Total Assets (Mar23)
=189.784/3699.609
=0.05129839

Moog's return on assets of this year was 0.05156371. Moog's return on assets of last year was 0.05129839. ==> 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.

Moog's current Net Income (TTM) was 208. Moog's current Cash Flow from Operations (TTM) was 93. ==> 93 <= 208 ==> 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
=1165.662/4142.5522
=0.2813874

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=948.615/3883.3926
=0.24427481

Moog's gearing of this year was 0.2813874. Moog's gearing of last year was 0.24427481. ==> 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
=2331.772/951.415
=2.45084637

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=2156.945/1004.528
=2.14722238

Moog's current ratio of this year was 2.45084637. Moog's current ratio of last year was 2.14722238. ==> This year's current ratio is higher. ==> Score 1.

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.

Moog's number of shares in issue this year was 31.942. Moog's number of shares in issue last year was 32.335. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=995.26/3667.162
=0.27139788

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=966.508/3509.38
=0.27540705

Moog's gross margin of this year was 0.27139788. Moog's gross margin of last year was 0.27540705. ==> Last year's gross margin is higher ==> Score 0.

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)
=3667.162/4039.12
=0.90791113

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=3509.38/3699.609
=0.94858132

Moog's asset turnover of this year was 0.90791113. Moog's asset turnover of last year was 0.94858132. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+0+0
=5

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

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

Moog  (NYSE:MOG.A) 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.


Moog Piotroski F-Score Related Terms

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Moog Business Description

Traded in Other Exchanges
Address
400 Jamison Road, East Aurora, New York, NY, USA, 14052-0018
Moog Inc is a manufacturer of precision motion and fluid control systems for the aerospace and defense markets. The company operates through four segments: Space and Defense, Military Aircraft, Commercial Aircraft, and Industrial. It generates the majority of its revenue from Space and Defense which provides critical defense components and motion-control systems used in defense vehicle platforms, missile systems, naval ships, and submarines; high-performance components and systems used for space launch vehicles, satellites, and spacecraft vehicles. This segment also offers cutting-edge solutions for applications, including space exploration, defense platforms, and advanced systems for missile guidance, propulsion, and vehicle controls.
Executives
Alfieri Joseph J Iii officer: Vice President 400 JAMISON RD., EAST AURORA NY 14052
Michael A Schaff officer: Vice President 400 JAMISON RD., EAST AURORA NY 14052
Mark D Graczyk officer: Vice President 400 JAMISON RD., EAST AURORA NY 14052
Mahesh Narang director 500 JACKSON STREET, COLUMBUS IN 47201
Stuart Mclachlan officer: Vice President SENECA ST. & JAMISON RD, E. AURORA NY 14052
Janet M. Coletti director ONE M&T PLAZA, BUFFALO NY 14203
Michael J. Swope officer: Controller SENECA ST & JAMISON RD, EAST AURORA NY 14052
Paul Wilkinson officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Brenda Reichelderfer director ITT CORPORATION, 4 WEST RED OAK LANE, WHITE PLAINS NY 10604
R. Eric Burghardt officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Mark Joseph Trabert officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Maureen Mary Athoe officer: Vice President SENECA STREET & JAMISON ROAD, EAST AURORA NY 14052
Richard Bradley Lawrence director 500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004
Patrick J Roche officer: Vice President SENECA ST & JAMISON RD, EAST AURORA NY 14052
Gisel William G Jr director SENECA ST & JAMISON RD, EAST AURORA NY 14052