Does BEAZER HOMES USA, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores BEAZER HOMES USA, INC. (BZH) 32.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 8, returns on capital 7, balance-sheet safety 40, capital discipline 100.

Is BZH 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 $52.33 per share versus a recent price of $32.91 — 37% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has BZH's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 32.4 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

BEAZER HOMES USA, INC.

BZH · Industrials · $979.5M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power8

Median gross margin 16.4% over 9y, variable.

Returns on capital7

Median ROIC 3.8%, above the 9% hurdle in 20% of years.

Balance-sheet safety40

Net debt/EBITDA 14.5x, no material interest expense disclosed.

Capital discipline100

Owner earnings +24.7%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

37% below value

Owner earnings (normalized): $140.2M
Est. intrinsic value / share: $52.33
Recent price: $32.91
Discount to value: 37% below value

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 BZH 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 scale32.4 / 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 — BZH 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.

Industrials context

#184 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#182COOK Traeger, Inc32.9 out of 100, No moatNo moat
#183ACA Arcosa, Inc.32.7 out of 100, No moatNo moat
#185GTLS CHART INDUSTRIES, INC.32.2 out of 100, No moatNo moat
#186PPIH PERMA-PIPE INTERNATIONAL HOLDINGS, INC.32.1 out of 100, No moatNo moat

Compare BZH with its nearest peers →All Industrials companies on the Index →

Common questions about BZH

Does BEAZER HOMES USA, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores BEAZER HOMES USA, INC. (BZH) 32.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 8, returns on capital 7, balance-sheet safety 40, capital discipline 100.
Is BZH 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 $52.33 per share versus a recent price of $32.91 — 37% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has BZH's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 32.4 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 BZH. See the disclaimer.