Does AVIENT CORPORATION have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores AVIENT CORPORATION (AVNT) 48.9 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 34, pricing power 36, returns on capital 61, balance-sheet safety 100, capital allocation 13.

Is AVNT trading below the conservative owner-earnings estimate?

The value if growth stopped today — a zero-growth baseline — is $27.56 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $37.79, that is 37% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.

How has AVNT's Moat Score changed over time?

The record logs 24 readings since Jul 17, 2026; the latest reads 48.9 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

AVIENT CORPORATION

AVNT · Materials · $3.5B mkt cap · FY2025 filings · as of Oct 11, 2026 · Shallow moat ·

Doesn't clear the bar

Shallow moat

The five investor questions

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $3.3B to $3.3B, decreasing; diluted EPS 2.51 to 0.89, decreasing.

Median gross margin 27.2% over 10y, stable.

Median ROIC 14.3%, above the 12% hurdle in 60% of years.

100

Net cash position — no leverage risk.

Owner earnings changed -1.3%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today

37% above value if growth stopped today

: $227M
: $27.56
: $27.56
: $37.79
: 37% above value if growth stopped today

What today’s price assumes: owner earnings growing ~7%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 241% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 11, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

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 the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 14.4%. Over the v3 recent window (10 measurable filed years), median ROIC was 14.3%. The Returns on Capital filter above scores it 61/100.

AVNT's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Balance-Sheet Safety is the strongest of the five filters (100/100) and Capital Allocation the weakest (13/100), which is how AVNT lands at 49/100 — 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.

Sales, as filed$3.3B FY2025

Revenue kept after cost of goods31.2% FY2025

Standard ROIC or separately labeled Operating ROICStandard ROIC 11.8% FY2016

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out$161M FY2025

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the 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.

Flagship explainer

How AVIENT CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed line	Value	% of revenue	Source
	$3.3B	100%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Cost of revenue	$2.2B	69%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
	$1.0B	31%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
	$204M	6%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Income before tax	$112M	3%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Income tax	$28.1M	1%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
	$81.9M	3%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

Source:

10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

· event Dec 31, 2025 · retrieved Oct 11, 2026 · annual-row source set

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Flagship explainer

What AVIENT CORPORATION owns — and owes

AVIENT CORPORATION's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed line	Value	% of assets	Source
Total assets	$6.0B	100%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Cash and equivalents	$511M	8%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Stockholders’ equity	$2.4B	39%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

Source:

10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

· event Dec 31, 2025 · retrieved Oct 11, 2026 · annual-row source set

Flagship explainer

What drives AVIENT CORPORATION’s return on equity?

ROE is five filed business factors multiplied together.

DuPont source inputs
Input	Value	Fiscal year	Source
	$81.9M	FY2025	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Income before tax	$112M	FY2025	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Operating income	$204M	FY2025	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
	$3.3B	FY2025	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Ending assets	$6.0B	FY2025	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Beginning assets	$5.8B	FY2024	10-K · FY 2024Filing detailsAccession 0001122976-25-000008 · filed Feb 18, 2025 10-K · FY 2024Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
	$2.4B	FY2025	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
	$2.3B	FY2024	10-K · FY 2024Filing detailsAccession 0001122976-25-000008 · filed Feb 18, 2025 10-K · FY 2024Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

Source:

10-K · filed Feb 18, 2025Filing detailsAccession 0001122976-25-000008 · filed Feb 18, 2025
10-K · filed Feb 17, 2026Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

· event Dec 31, 2025 · retrieved Oct 11, 2026 · annual-row source set

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Flagship explainer

Where AVIENT CORPORATION's cash went

AVIENT CORPORATION’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed line	Value	% of cash from operations	Source
Cash from operations	$302M	100%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026
Depreciation and amortization	$186M	62%	10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

Source:

10-K · FY 2025Filing detailsAccession 0001122976-26-000039 · filed Feb 17, 2026

· event Dec 31, 2025 · retrieved Oct 11, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding AVIENT CORPORATION

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
Manager	Reported position	Quarter-over-quarter	Filing accession
Abrams Capital	Not retrieved	Comparison not retrieved	Filing not retrieved
Akre Capital	Not retrieved	Comparison not retrieved	Filing not retrieved
Baupost Group	Not retrieved	Comparison not retrieved	Filing not retrieved
Berkshire Hathaway	Not retrieved	Comparison not retrieved	Filing not retrieved
Brave Warrior Advisors	Not retrieved	Comparison not retrieved	Filing not retrieved
Dodge & Cox	Not retrieved	Comparison not retrieved	Filing not retrieved
First Eagle	Not retrieved	Comparison not retrieved	Filing not retrieved
Fundsmith	Not retrieved	Comparison not retrieved	Filing not retrieved
Gardner Russo & Quinn	Not retrieved	Comparison not retrieved	Filing not retrieved
Gates Foundation Trust	Not retrieved	Comparison not retrieved	Filing not retrieved
Mairs & Power	Not retrieved	Comparison not retrieved	Filing not retrieved
Markel / Markel-Gayner	Not retrieved	Comparison not retrieved	Filing not retrieved
Oakmark / Harris Associates	Not retrieved	Comparison not retrieved	Filing not retrieved
Pershing Square	Not retrieved	Comparison not retrieved	Filing not retrieved
Polen Capital	Not retrieved	Comparison not retrieved	Filing not retrieved
Sequoia / Ruane Cunniff	Not retrieved	Comparison not retrieved	Filing not retrieved
Southeastern Asset Management	Not retrieved	Comparison not retrieved	Filing not retrieved
Tweedy, Browne	Not retrieved	Comparison not retrieved	Filing not retrieved
Yacktman Asset Management	Not retrieved	Comparison not retrieved	Filing not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 11, 2026

Flagship explainer

What AVIENT CORPORATION insiders reported

Records still being gathered — partial as of retrieval Oct 11, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale48.9 / 100

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

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

Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

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

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Oct 11, 2026.

151 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (10 versus 0). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

Insider					Shares owned after	Date	Filing detail
WULFSOHN WILLIAM ADirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	67,044.281	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 67,044.281 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000141 · filed Oct 2, 2026
Verduin PatriciaDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	29,376	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 29,376 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000140 · filed Oct 2, 2026
Preete Kerry JDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	52,985.662	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 52,985.662 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000139 · filed Oct 2, 2026
Nicolas ErnestDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	28,062.859	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 28,062.859 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000138 · filed Oct 2, 2026
Mink Kim AnnDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	40,064.693	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 40,064.693 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000137 · filed Oct 2, 2026
Jellison William RDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	28,132	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 28,132 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000136 · filed Oct 2, 2026
Green NeilDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	11,378.393	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 11,378.393 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000135 · filed Oct 2, 2026
FEARON RICHARD HDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	150,073	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 150,073 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000134 · filed Oct 2, 2026
LIN SANDRA BEACHDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	13,130.723	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 13,130.723 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000133 · filed Oct 2, 2026
ABERNATHY ROBERT EDirector	Grant, award, or other acquisition (A)Table I · Acquired · Common Stock	958	—Grant, award, or other acquisition (A)	—	42,878	Sep 30, 2026	1 filed lot Table I · Common Stock: 958 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 42,878 · FORM 4 · filed Oct 2, 2026Filing detailsAccession 0001122976-26-000132 · filed Oct 2, 2026

Source-event as of Sep 30, 2026. Retrieved Oct 11, 2026.

Track record

How AVIENT CORPORATION’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored AVNT on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, AVNT did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Materials context

#100 of 310 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#98SOLS Solstice Advanced Materials Inc.49.2 out of 100, Shallow moatShallow moat
#99KNF Knife River Corporation49.0 out of 100, Shallow moatShallow moat
#101MYE Myers Industries, Inc.48.3 out of 100, Shallow moatShallow moat
#102PARR Par Pacific Holdings, Inc.48.3 out of 100, Shallow moatShallow moat

Compare AVNT with its nearest peers →All 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) 48.9 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 34, pricing power 36, returns on capital 61, balance-sheet safety 100, capital allocation 13.
Is AVNT trading below the conservative owner-earnings estimate?: The value if growth stopped today — a zero-growth baseline — is $27.56 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $37.79, that is 37% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has AVNT's Moat Score changed over time?: The record logs 24 readings since Jul 17, 2026; the latest reads 48.9 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

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