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The Moat Index

BranchOut Food Inc.

BOF · Consumer Staples · $55.3M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

14/ 100
No moat

The four filters

Pricing power0

Median gross margin 4.4% over 4y, variable.

Returns on capital0

Median ROIC -113.2%, above the 9% hurdle in 0% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -7x.

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
$4.13
Discount to value
No price data

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

5 years of fundamentals

The business, in plain English

BranchOut Food Inc. booked $13.7M of revenue in FY2025 in the Consumer Staples sector and kept 14.8% of it as gross profit — a thin-margin business by that measure. After every other cost, −44.6% of each revenue dollar reached the bottom line.

It earned −40.3% on invested capital in FY2025, with a median of −113.2% across 3 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $4.9M of total debt in FY2025. Balance-Sheet Safety scores it 28/100.

Put together: Capital Discipline is the strongest of the four filters (44/100) and Pricing Power the weakest (0/100), which is how BOF lands at 14/100 — 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.

FY2021–FY2025 · 5 fiscal years, normalized from BOF’s SEC filings

RevenueSales, as filed$13.7M FY2025
$0$5M$10M202120232025
Gross marginRevenue kept after cost of goods14.8% FY2025
−20%0%202120232025
Return on invested capitalOperating profit on the capital employed−40.3% FY2025
−100%−50%0%202120232025
Owner earningsCash an owner could take out−$6.9M FY2025
−$5M$0202120232025

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

1 logged reading since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale14.3 / 100
0406080100WideNarrowShallowNo moatJul 18, 2026

Score history begins Jul 18, 2026 — the record builds from here and can’t be backfilled.

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

None yet — BOF has read No moat for every logged capture since Jul 18, 2026.

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

Track record

How BranchOut Food Inc.’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.

As-of scores 2023–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

As-of 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 BOF on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatAs-of Moat Score100200Indexed price · log scale (2024 = 100)2023202420252026

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, BOF 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.

Consumer Staples context

#68 of 71 scored Consumer Staples companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #66WEST WESTROCK COFFEE COMPANY14.7No moat
  2. #67PLAG PLANET GREEN HOLDINGS CORP.14.3No moat
  3. #69MDWK MDwerks, Inc.13.3No moat
  4. #70BYND BEYOND MEAT, INC.10.3No moat

Compare BOF with its nearest peers →All Consumer Staples companies on the Index →

Common questions about BOF

Does BranchOut Food Inc. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores BranchOut Food Inc. (BOF) 14.3 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 0, returns on capital 0, balance-sheet safety 28, capital discipline 44.
How has BOF's Moat Score changed over time?
The record logs 1 reading since Jul 18, 2026; the latest reads 14.3 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 BOF. See the disclaimer.