Does AMCON DISTRIBUTING CO have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores AMCON DISTRIBUTING CO (DIT) 33.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 26, returns on capital 36, balance-sheet safety 45, capital discipline 32.

Is DIT 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 $202.72 per share versus a recent price of $65.75 — 68% below value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has DIT's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 33.9 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

AMCON DISTRIBUTING CO

DIT · Industrials · $41.8M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power26

Median gross margin 6.0% over 10y, very stable.

Returns on capital36

Median ROIC 9.2%, above the 9% hurdle in 50% of years.

Balance-sheet safety45

Net debt/EBITDA 0.7x, interest coverage 1x.

Capital discipline32

Owner earnings -15.7%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

68% below value

Owner earnings (normalized): $11.6M
Est. intrinsic value / share: $202.72
Recent price: $65.75
Discount to value: 68% 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 DIT 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 scale33.9 / 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 — DIT 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

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

Nearest peers by Moat Score

#177ATER Aterian, Inc.34.0 out of 100, No moatNo moat
#178CECO CECO ENVIRONMENTAL CORP.33.9 out of 100, No moatNo moat
#180TRT TRIO-TECH INTERNATIONAL33.5 out of 100, No moatNo moat
#181SNX TD SYNNEX CORPORATION33.1 out of 100, No moatNo moat

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

Common questions about DIT

Does AMCON DISTRIBUTING CO have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores AMCON DISTRIBUTING CO (DIT) 33.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 26, returns on capital 36, balance-sheet safety 45, capital discipline 32.
Is DIT 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 $202.72 per share versus a recent price of $65.75 — 68% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has DIT's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 33.9 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 DIT. See the disclaimer.