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EDUCATIONAL DEVELOPMENT CORPORATION

EDUC · Industrials · $12.3M mkt cap · FY2026 filings · Shallow moat ·

Price verdict withheld — value if growth stopped today unreliable

Shallow moat
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The five investor questions

10

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $142M to $22.9M, decreasing; diluted EPS 0.98 to 0.27, decreasing.

96

Median gross margin 67.3% over 10y, very stable.

—

Not enough years of ROIC data to score returns on capital.

62

Net cash position — no leverage risk.

42

Owner earnings changed +1.2%/yr over up to the ten most recent annual observations, share count n/a.

The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
50% below value if growth stopped today
$2.2M
$2.89
$2.89
$1.45
50% below value if growth stopped today

A discount this large is often a warning rather than a bargain — the market may expect earnings to keep falling. See the revenue trend above.

How to read this

What today’s price assumes: owner earnings shrinking ~13%/yr over 5 years. The estimate assumes owner earnings stay flat (0% growth).

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. EDUC revenue fell in each of the three most recent year-over-year FY comparisons, so this estimate is flagged as unreliable for this company.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

17 years of fundamentals

The business, in plain English

EDUCATIONAL DEVELOPMENT CORPORATION booked $22.9M of revenue in FY2026 in the Industrials sector and kept 59.4% of it as gross profit — a high-margin business by that measure. After every other cost, 10.1% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $27.2M (FY2011) to $22.9M (FY2026) — about −1.1% a year compounded over 15 years.

The balance sheet carried $0 of total debt in FY2026 against $3.2M of owner earnings — roughly 0.0 years of owner earnings to retire it all. Balance-Sheet Safety scores it 62/100.

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.

FY2010–FY2026 · 17 fiscal years, normalized from EDUC’s SEC filings

Sales, as filed$22.9M FY2026
$0$100M$200M2010201620222026
Revenue kept after cost of goods59.4% FY2026
0%50%2010201620222026
Standard ROIC or separately labeled Operating ROIC

Not disclosed in EDUC’s filings for these years — we don’t estimate it.

Cash an owner could take out$3.2M FY2026
$0$10M2010201620222026

Gaps in a line mean that item isn’t in EDUC’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.

Flagship explainer

How EDUCATIONAL DEVELOPMENT CORPORATION makes its money

EDUCATIONAL DEVELOPMENT CORPORATION's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$22.9M100%
Cost of revenue$9.3M41%
$13.6M59%
Income before tax$5.3M23%
Income tax$3M13%
$2.3M10%
Source: · event Feb 28, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What EDUCATIONAL DEVELOPMENT CORPORATION owns — and owes

EDUCATIONAL DEVELOPMENT CORPORATION's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$54.3M100%
Cash and equivalents$1.1M2%
$00%
Stockholders’ equity$42.8M79%
Source: · event Feb 28, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives EDUCATIONAL DEVELOPMENT CORPORATION’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income$2.3MFY2026
Income before tax$5.3MFY2026
Operating incomeUnavailableFY2026
Revenue$22.9MFY2026
Ending assets$54.3MFY2026
Beginning assets$78.3MFY2025
Ending equity$42.8MFY2026
Beginning equity$40.6MFY2025
Source:
  • SEC filingFiling detailsAccession 0001185185-26-001927
· event Feb 28, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

Where EDUCATIONAL DEVELOPMENT CORPORATION's cash went

EDUCATIONAL DEVELOPMENT CORPORATION’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$2M100%
Depreciation and amortization$1.4M69%
Source: · event Feb 28, 2026 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding EDUCATIONAL DEVELOPMENT CORPORATION

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Markel / Markel-GaynerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source unavailable · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What EDUCATIONAL DEVELOPMENT CORPORATION insiders reported

Records still being gathered — partial as of retrieval Aug 19, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

15 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale52.4 / 100
0406080100WideNarrowShallowNo moatJul 20, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

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

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

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

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Aug 19, 2026.

5 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

No reported Form 4 rows were captured for EDUC; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.

A filing source-event date will appear when a Form 4 row is captured.

Retrieved .

Track record

How EDUCATIONAL DEVELOPMENT CORPORATION’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.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time 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 EDUC on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score1002005001,000Indexed price · log scale (2012 = 100)201120142017202020232026

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 1 year EDUC rated Wide-moat (2012), the median forward total return that followed — measured only after each year’s filings were public — was:

  • 1 year −1% vs the S&P 500’s 25% (price basis) · median over 1 year
  • 3 years 256% vs the S&P 500’s 38% (price basis) · median over 1 year
  • 5 years 524% vs the S&P 500’s 84% (price basis) · median over 1 year

These are medians computed from the data, not a claim about any one year. The company figures are total returns (dividends reinvested); the S&P 500 is the price-only ^GSPC index, which excludes dividends and so understates the index — the gap flatters the company. A quality rating is not a return forecast, and past returns don’t predict future ones. Educational only, not investment advice.

Industrials context

#156 of 446 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #154DE DEERE FUNDING CANADA Corp52.5Shallow moat
  2. #155FSTJ First America Resources Corporation52.5Shallow moat
  3. #157UAL United Airlines Holdings, Inc.52.1Shallow moat
  4. #158HUBG HUB GROUP, INC.52.0Shallow moat

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

Common questions about EDUC

Does EDUCATIONAL DEVELOPMENT CORPORATION have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores EDUCATIONAL DEVELOPMENT CORPORATION (EDUC) 52.4 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 10, pricing power 96, returns on capital not measurable from the filings, balance-sheet safety 62, capital allocation 42.
Is EDUC trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $2.89 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $1.45, that is 50% below value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has EDUC's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 52.4 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

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