Does POWERFLEET, INC. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores POWERFLEET, INC. (AIOT) 35.6 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 81, returns on capital 0, balance-sheet safety 12, capital discipline 44.

How has AIOT's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 35.6 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

POWERFLEET, INC.

AIOT · Technology · $567.5M mkt cap · FY2026 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power81

Median gross margin 50.2% over 9y, very stable.

Returns on capital0

Median ROIC -7.1%, above the 9% hurdle in 0% of years.

Balance-sheet safety12

Net debt/EBITDA 3.1x, interest coverage 1x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $4.23
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for AIOT yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale35.6 / 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 — AIOT 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.

Technology context

#368 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#366SGRP SPAR GROUP, Inc.35.8 out of 100, No moatNo moat
#367SNAP Snap Inc.35.6 out of 100, No moatNo moat
#369STRR STAR EQUITY HOLDINGS, INC.35.5 out of 100, No moatNo moat
#370MX MAGNACHIP SEMICONDUCTOR Corp35.4 out of 100, No moatNo moat

Compare AIOT with its nearest peers →All Technology companies on the Index →

Common questions about AIOT

Does POWERFLEET, INC. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores POWERFLEET, INC. (AIOT) 35.6 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 81, returns on capital 0, balance-sheet safety 12, capital discipline 44.
How has AIOT's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 35.6 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 AIOT. See the disclaimer.