The Moat Index

AVIENT CORPORATION

AVNT · Materials · $3.4B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

55/ 100
Shallow moat

The four filters

Pricing power36

Median gross margin 27.2% over 10y, stable.

Returns on capital72

Median ROIC 14.3%, above the 9% hurdle in 90% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline13

Owner earnings -1.3%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale
34% above value
Owner earnings (normalized)
$227.3M
Est. intrinsic value / share
$27.56
Recent price
$36.97
Discount to value
34% above value

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

18 years of fundamentals

The business, in plain English

AVIENT CORPORATION booked $3.3B of revenue in FY2025 in the Materials sector and kept 31.2% of it as gross profit — a moderate-margin business by that measure. After every other cost, 2.5% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $2.1B (FY2009) to $3.3B (FY2025) — about 2.9% a year compounded over 16 years.

It earned 8.2% on invested capital in FY2025, with a median of 14.4% across 17 filed years. The Returns on Capital filter above scores it 72/100.

The balance sheet carried $1.3B of total debt in FY2016. Balance-Sheet Safety scores it 100/100.

The share count rose 3.0% between FY2011 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 13/100.

Put together: Balance-Sheet Safety is the strongest of the four filters (100/100) and Capital Discipline the weakest (13/100), which is how AVNT lands at 55/100 — a Shallow 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.

FY2008–FY2025 · 18 fiscal years, normalized from AVNT’s SEC filings

RevenueSales, as filed$3.3B FY2025
$0$2B$4B2008201420202025
Gross marginRevenue kept after cost of goods31.2% FY2025
0%20%2008201420202025
Return on invested capitalOperating profit on the capital employed8.2% FY2025
0%50%100%2008201420202025
Owner earningsCash an owner could take out$161.2M FY2025
$0$500M2008201420202025

Gaps in a line mean that item isn’t in AVNT’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

3 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale54.9 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026

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 — AVNT has read Shallow 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.

Materials context

#60 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #58CDE COEUR MINING, INC.56.7 out of 100, Shallow moatShallow moat
  2. #59ELF e.l.f. Beauty, Inc.55.7 out of 100, Shallow moatShallow moat
  3. #61UFPI UFP INDUSTRIES, INC.54.6 out of 100, Shallow moatShallow moat
  4. #62MUR MURPHY OIL CORPORATION54.3 out of 100, Shallow moatShallow moat

Compare AVNT with its nearest peersAll Materials companies on the Index →

Common questions about AVNT

Does AVIENT CORPORATION have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores AVIENT CORPORATION (AVNT) 54.9 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 36, returns on capital 72, balance-sheet safety 100, capital discipline 13.
Is AVNT stock trading below its intrinsic value?
Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $27.56 per share versus a recent price of $36.97 — 34% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has AVNT's Moat Score changed over time?
The record logs 3 readings since Jul 17, 2026; the latest reads 54.9 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
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AVIENT CORPORATION (AVNT) Moat Score — The Moat Index · Buy Like Buffett