ENDI CORP.

ENDI · Other · FY2023 filings · Wide moat ·

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Wide moat
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The five investor questions

50

2021–2023 (latest 3 aligned FYs; v3 window cap 5): revenue $4.3M to $9.6M, increasing; diluted EPS 2400000.00 to 0.46, decreasing.

100

Median gross margin 98.6% over 3y, very stable.

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

100

Net cash position — no leverage risk.

80

Owner earnings changed +36.2%/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
No price data
$2.4M
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$15.23
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

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.

4 years of fundamentals

The business, in plain English

ENDI CORP. booked $9.6M of revenue in FY2023 in the Other sector and kept 97.7% of it as gross profit — a high-margin business by that measure. After every other cost, 26.4% of each revenue dollar reached the bottom line.

ENDI's latest filed year, FY2023, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

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.

FY2020–FY2023 · 4 fiscal years, normalized from ENDI’s SEC filings

Sales, as filed$9.6M FY2023
$0$5M$10M2020202120222023
Revenue kept after cost of goods97.7% FY2023
0%50%100%2020202120222023
Standard ROIC or separately labeled Operating ROICROIC 12.1% FY2023
0%5%10%2020202120222023
Cash an owner could take out$2.8M FY2023
$0$2M2020202120222023

Gaps in a line mean that item isn’t in ENDI’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 ENDI CORP. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$9.6M · 100%Cost of revenue$218269 · 2%Gross profit$9.4M · 98%Operating income$1.7M · 18%Income before tax$3.1M · 33%Income tax$613504 · 6%Net income$2.5M · 26%As of 2023-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$9.6M100%
Cost of revenue$2182692%
$9.4M98%
$1.7M18%
Income before tax$3.1M33%
Income tax$6135046%
$2.5M26%
Source: · event Dec 31, 2023 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

What ENDI CORP. owns — and owes

ENDI CORP.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$25.5M100%
Cash and equivalents$9M35%
Stockholders’ equity$20.5M80%
Source: · event Dec 31, 2023 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives ENDI CORP.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity23%Tax burden80%net income ÷ pretax incomeInterest burden183%pretax ÷ operating incomeOperating margin18%operating income ÷ revenueAsset turnover0.41×revenue ÷ average assetsEquity multiplier2.15×average assets ÷ average equityAs of 2023-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$2.5MFY2023
Income before tax$3.1MFY2023
Operating income$1.7MFY2023
$9.6MFY2023
Ending assets$25.5MFY2023
Beginning assets$21.5MFY2022
$20.5MFY2023
$1.4MFY2022
Source: · event Dec 31, 2023 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where ENDI CORP.'s cash went

ENDI CORP.’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$2.7M100%
Depreciation and amortization$38187014%
Source: · event Dec 31, 2023 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding ENDI CORP.

Delayed public 13F reports for 2026-Q1—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 Mar 31, 2026 · retrieved Jul 26, 2026

Flagship explainer

What ENDI CORP. insiders reported

The complete Form 4 source snapshot retrieved on Aug 11, 2026 contains no transaction rows.

Verified empty: the retrieved source snapshot contains no transaction event.

Source snapshot retrieved 2026-08-11T07:00:13.245Z · SEC Form 4

Moat Score history

12 logged readings since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale82.5 / 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)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-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.

No reported Form 4 transactions were found in the complete checked issuer window for ENDI, . The totals and cluster result below are arithmetic over that certified window.

$0
P purchases minus S sales only, Aug 12, 2025Aug 12, 2026.
0 P / 0 S
Only P and S are included; awards, gifts, exercises, withholding, and other mechanics are excluded.
No
Requires at least 3 distinct insiders with P purchases.

Transaction-code histogram

Supporting event counts for the same certified window, Aug 12, 2025Aug 12, 2026.

P
0
S
0
A
0
F
0
M
0
G
0
C
0
J
0
W
0

Retrieved .

Track record

How ENDI CORP.’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 20222025, 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 ENDI on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100200500Indexed price · log scale (2012 = 100)20222023202420252026

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 3 years ENDI rated Wide-moat (2023, 2024 and 2025), the median forward total return that followed — measured only after each year’s filings were public — was:

  • 1 year 113% vs the S&P 500’s 20% (price basis) · median over 2 years
  • 3 years None of the 3 years it rated Wide has a fully elapsed 3-year window with a benchmark to compare against yet.
  • 5 years None of the 3 years it rated Wide has a fully elapsed 5-year window with a benchmark to compare against yet.

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.

Other context

#4 of 45 scored Other companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #2MORN MORNINGSTAR, INC.90.2 out of 100, Wide moatWide moat
  2. #3MKTX MARKETAXESS HOLDINGS INC.86.2 out of 100, Wide moatWide moat
  3. #5WT WisdomTree, Inc.81.2 out of 100, Wide moatWide moat
  4. #6SEIC SEI INVESTMENTS COMPANY78.8 out of 100, Narrow moatNarrow moat

Compare ENDI with its nearest peersAll Other companies on the Index →

Common questions about ENDI

Does ENDI CORP. have an economic moat?
Based on its FY2023 SEC filings, the Moat Index scores ENDI CORP. (ENDI) 82.5 out of 100 — a Wide 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 50, pricing power 100, returns on capital not measurable from the filings, balance-sheet safety 100, capital allocation 80.
How has ENDI's Moat Score changed over time?
The record logs 12 readings since Jul 18, 2026; the latest reads 82.5 out of 100 (wide 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.