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SFIX (Stitch Fix) Piotroski F-Score : 7 (As of Jul. 15, 2025)


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What is Stitch Fix 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

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

SFIX' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 7

During the past 9 years, the highest Piotroski F-Score of Stitch Fix was 7. The lowest was 1. And the median was 4.


Stitch Fix Piotroski F-Score Historical Data

The historical data trend for Stitch Fix'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.

Stitch Fix Piotroski F-Score Chart

Stitch Fix Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 4.00 2.00 4.00 7.00

Stitch Fix Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 7.00 7.00 7.00 7.00 7.00

Competitive Comparison of Stitch Fix's Piotroski F-Score

For the Apparel Retail subindustry, Stitch Fix'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.


Stitch Fix's Piotroski F-Score Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Stitch Fix's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Stitch Fix'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 (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was -36.498 + -6.256 + -6.529 + -7.378 = $-57 Mil.
Cash Flow from Operations was 8.2 + 14.268 + -16.212 + 20.516 = $27 Mil.
Revenue was 319.55 + 318.818 + 312.11 + 325.016 = $1,275 Mil.
Gross Profit was 142.477 + 144.805 + 138.861 + 143.558 = $570 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was
(536.964 + 486.864 + 507.119 + 472.638 + 484.748) / 5 = $497.6666 Mil.
Total Assets at the begining of this year (Apr24) was $537 Mil.
Long-Term Debt & Capital Lease Obligation was $77 Mil.
Total Current Assets was $373 Mil.
Total Current Liabilities was $207 Mil.
Net Income was -28.659 + -35.49 + -35.524 + -21.328 = $-121 Mil.

Revenue was 364.739 + 364.785 + 330.402 + 322.731 = $1,383 Mil.
Gross Profit was 160.872 + 159.103 + 143.48 + 146.978 = $610 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was
(659.97 + 614.478 + 624.038 + 538.316 + 536.964) / 5 = $594.7532 Mil.
Total Assets at the begining of last year (Apr23) was $660 Mil.
Long-Term Debt & Capital Lease Obligation was $105 Mil.
Total Current Assets was $385 Mil.
Total Current Liabilities was $220 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.

Stitch Fix's current Net Income (TTM) was -57. ==> 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.

Stitch Fix's current Cash Flow from Operations (TTM) was 27. ==> 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 (Apr24)
=-56.661/536.964
=-0.10552104

ROA (Last Year)=Net Income/Total Assets (Apr23)
=-121.001/659.97
=-0.18334318

Stitch Fix's return on assets of this year was -0.10552104. Stitch Fix's return on assets of last year was -0.18334318. ==> 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.

Stitch Fix's current Net Income (TTM) was -57. Stitch Fix's current Cash Flow from Operations (TTM) was 27. ==> 27 > -57 ==> 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: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=76.93/497.6666
=0.1545814

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=105.115/594.7532
=0.17673717

Stitch Fix's gearing of this year was 0.1545814. Stitch Fix's gearing of last year was 0.17673717. ==> 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: Apr25)=Total Current Assets/Total Current Liabilities
=373.276/206.82
=1.80483512

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=385.282/219.849
=1.75248466

Stitch Fix's current ratio of this year was 1.80483512. Stitch Fix's current ratio of last year was 1.75248466. ==> 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.

Stitch Fix's number of shares in issue this year was 129.793. Stitch Fix's number of shares in issue last year was 121.268. ==> 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
=569.701/1275.494
=0.44665126

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=610.433/1382.657
=0.44149272

Stitch Fix's gross margin of this year was 0.44665126. Stitch Fix's gross margin of last year was 0.44149272. ==> 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 (Apr24)
=1275.494/536.964
=2.37538084

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=1382.657/659.97
=2.09503008

Stitch Fix's asset turnover of this year was 2.37538084. Stitch Fix's asset turnover of last year was 2.09503008. ==> 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+1+1+0+1+1
=7

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

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

Stitch Fix  (NAS:SFIX) 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.


Stitch Fix Piotroski F-Score Related Terms

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Stitch Fix Business Description

Traded in Other Exchanges
Address
1 Montgomery Street, Suite 1100, San Francisco, CA, USA, 94104
Stitch Fix Inc offers personal style services for men and women. The company engages in delivering one-to-one personalization to clients through the combination of data science and human judgment. It provides a shipment service called A FIX where the stylist's hand selects items from several merchandise with analysis of client and merchandise data to provide a personalized shipment of apparel, shoes, and accessories suited to the client's needs. The company offers products across categories, brands, product types, and price points including Women's, Petite, Maternity, Men's, and Plus. It also offers various product types, including denim, dresses, blouses, skirts, shoes, jewelry, and handbags and sells merchandise across various ranges of price points.
Executives
Casey O'connor officer: Chief Legal Officer C/O STITCH FIX, INC., 1 MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Katrina Lake director, officer: Chief Executive Officer 111 W. WASHINGTON STREET, SUITE 2100, CHICAGO IL 60602
Matt Baer director, officer: Chief Executive Officer C/O STITCH FIX, INC., 1 MONTGOMERY STREET, SUITE 1100, SAN FRANCISCO CA 94104
Sarah Barkema officer: Chief Accounting Officer C/O STITCH FIX, INC., 1 MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
David Aufderhaar officer: Chief Financial Officer C/O STITCH FIX, INC., 1 MONTGOMERY STREET, SUITE 1100, SAN FRANCISCO CA 94104
Kofi Owusu Amoo-gottfried director C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
J William Gurley director, 10 percent owner 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Sachin Dhawan officer: Chief Technology Officer C/O BLACKHAWK NETWORK HOLDINGS, INC., 6220 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Working Capital Advisors (uk) Ltd. 10 percent owner QUERIPEL HOUSE, UNIT 2, 1 DUKE OF YORK SQUARE, LONDON X0 SW3 4LY
Kirsten A. Lynch director 390 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Mikkel Svane director C/O ZENDESK, INC., 989 MARKET STREET, SUITE 300, SAN FRANCISCO CA 94103
Neal Mohan director C/O STITCH FIX, INC., 1 MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Elizabeth Goodman Williams director C/O VIANT TECHNOLOGY INC., 2722 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Mike C. Smith officer: Chief Operating Officer STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Dan Jedda officer: Chief Financial Officer C/O STITCH FIX, INC., 1 MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104