Does Arcosa, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Arcosa, Inc. (ACA) 32.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 33, returns on capital 13, balance-sheet safety 26, capital discipline 69.

Is ACA stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $58.48 per share versus a recent price of $145.01 — 148% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has ACA's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 32.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Arcosa, Inc.

ACA · Industrials · $7.1B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power33

Median gross margin 19.5% over 10y, very stable.

Returns on capital13

Median ROIC 6.4%, above the 9% hurdle in 20% of years.

Balance-sheet safety26

Net debt/EBITDA 2.3x, interest coverage 3x.

Capital discipline69

Owner earnings +8.9%/yr, share count n/a.

Margin of safety

Above valueOn sale

148% above value

Owner earnings (normalized): $159.2M
Est. intrinsic value / share: $58.48
Recent price: $145.01
Discount to value: 148% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

11 years of fundamentals

The business, in plain English

Arcosa, Inc. booked $2.9B of revenue in FY2025 in the Industrials sector and kept 22.4% of it as gross profit — a moderate-margin business by that measure. After every other cost, 7.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.7B (FY2016) to $2.9B (FY2025) — about 6.0% a year compounded over 9 years.

It earned 7.5% on invested capital in FY2025, with a median of 6.4% across 10 filed years. The Returns on Capital filter above scores it 13/100.

The balance sheet carried $1.5B of total debt in FY2025 against $265.8M of owner earnings — roughly 5.7 years of owner earnings to retire it all. Balance-Sheet Safety scores it 26/100.

Put together: Capital Discipline is the strongest of the four filters (69/100) and Returns on Capital the weakest (13/100), which is how ACA lands at 33/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$2.9B FY2025

Gross marginRevenue kept after cost of goods22.4% FY2025

Return on invested capitalOperating profit on the capital employed7.5% FY2025

Owner earningsCash an owner could take out$265.8M FY2025

Gaps in a line mean that item isn’t in ACA’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.7 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — ACA has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#183 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#181SNX TD SYNNEX CORPORATION33.1 out of 100, No moatNo moat
#182COOK Traeger, Inc32.9 out of 100, No moatNo moat
#184BZH BEAZER HOMES USA, INC.32.4 out of 100, No moatNo moat
#185GTLS CHART INDUSTRIES, INC.32.2 out of 100, No moatNo moat

Compare ACA with its nearest peers →All Industrials companies on the Index →

Common questions about ACA

Does Arcosa, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Arcosa, Inc. (ACA) 32.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 33, returns on capital 13, balance-sheet safety 26, capital discipline 69.
Is ACA stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $58.48 per share versus a recent price of $145.01 — 148% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has ACA's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 32.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell ACA. See the disclaimer.