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The Moat Index

BROOKDALE SENIOR LIVING INC.

BKD · Healthcare · $3.6B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

23/ 100
No moat

The four filters

Pricing power33

Median gross margin 24.2% over 10y, stable.

Returns on capital0

Median ROIC -0.9%, above the 9% hurdle in 0% of years.

Balance-sheet safety40

Net debt/EBITDA 10.5x, no material interest expense disclosed.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
—
Est. intrinsic value / share
—
Recent price
$15.01
Discount to value
No price data

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

19 years of fundamentals

The business, in plain English

BROOKDALE SENIOR LIVING INC. booked $3.2B of revenue in FY2025 in the Healthcare sector and kept 26.2% of it as gross profit — a moderate-margin business by that measure. After every other cost, −8.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.9B (FY2008) to $3.2B (FY2025) — about 3.0% a year compounded over 17 years.

It earned 0.3% on invested capital in FY2025, with a median of −0.6% across 18 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $4.3B of total debt in FY2025. Balance-Sheet Safety scores it 40/100.

The share count rose 93.0% between FY2009 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.

Put together: Balance-Sheet Safety is the strongest of the four filters (40/100) and Returns on Capital the weakest (0/100), which is how BKD lands at 23/100 — 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.

FY2007–FY2025 · 19 fiscal years, normalized from BKD’s SEC filings

RevenueSales, as filed$3.2B FY2025
$0$2B$4B2007201320192025
Gross marginRevenue kept after cost of goods26.2% FY2025
0%20%2007201320192025
Return on invested capitalOperating profit on the capital employed0.3% FY2025
−20%−10%0%2007201320192025
Owner earningsCash an owner could take out−$93.9M FY2025
−$250M$0$250M2007201320192025

Gaps in a line mean that item isn’t in BKD’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 scale22.7 / 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 — BKD 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.

Healthcare context

#389 of 440 scored Healthcare companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #387CHUC CHARLIE’S HOLDINGS, INC.22.9No moat
  2. #388NSPR InspireMD, Inc.22.8No moat
  3. #390TKNO ALPHA TEKNOVA, INC.22.6No moat
  4. #391KODK EASTMAN KODAK CO22.1No moat

Compare BKD with its nearest peers →All Healthcare companies on the Index →

Common questions about BKD

Does BROOKDALE SENIOR LIVING INC. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores BROOKDALE SENIOR LIVING INC. (BKD) 22.7 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 0, balance-sheet safety 40, capital discipline 24.
How has BKD's Moat Score changed over time?
The record logs 3 readings since Jul 17, 2026; the latest reads 22.7 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 BKD. See the disclaimer.

BROOKDALE SENIOR LIVING INC. (BKD) Moat Score — The Moat Index · Buy Like Buffett