Does DHI Group, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores DHI Group, Inc. (DHX) 49.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 4, balance-sheet safety 28, capital discipline 64.

How has DHX's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 49.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

DHI Group, Inc.

DHX · Technology · $182.3M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power100

Median gross margin 87.2% over 10y, very stable.

Returns on capital4

Median ROIC 3.5%, above the 9% hurdle in 10% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -5x.

Capital discipline64

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $4.10
Discount to value: No price data

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 DHX 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 scale49.4 / 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 — DHX 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.

Technology context

#199 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#197FORM FormFactor, Inc.49.7 out of 100, Shallow moatShallow moat
#198SLAB SILICON LABORATORIES INC.49.6 out of 100, Shallow moatShallow moat
#200FIRY SKILLZ INC.49.4 out of 100, Shallow moatShallow moat
#201INTC INTEL CORP49.3 out of 100, Shallow moatShallow moat

Compare DHX with its nearest peers →All Technology companies on the Index →

Common questions about DHX

Does DHI Group, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores DHI Group, Inc. (DHX) 49.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 4, balance-sheet safety 28, capital discipline 64.
How has DHX's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 49.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows DHX’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/DHX"
  width="340" height="150" style="border:0"
  title="DHX Moat Score — The Moat Index"
  loading="lazy"></iframe>

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