Does FLEXIBLE SOLUTIONS INTERNATIONAL INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores FLEXIBLE SOLUTIONS INTERNATIONAL INC. (FSI) 49.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 45, returns on capital 60, balance-sheet safety 91, capital discipline 0.

Is FSI 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 $2.65 per share versus a recent price of $5.94 — 124% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has FSI's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 49.7 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

FLEXIBLE SOLUTIONS INTERNATIONAL INC.

FSI · Materials · $75.6M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power45

Median gross margin 32.1% over 10y, stable.

Returns on capital60

Median ROIC 12.4%, above the 9% hurdle in 80% of years.

Balance-sheet safety91

Net debt/EBITDA 0.7x, no material interest expense disclosed.

Capital discipline0

Owner earnings -10.8%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

124% above value

Owner earnings (normalized): $3.0M
Est. intrinsic value / share: $2.65
Recent price: $5.94
Discount to value: 124% above 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 FSI 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 scale49.7 / 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 — FSI 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.

Materials context

#73 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#71CMPR Cimpress plc50.5 out of 100, Shallow moatShallow moat
#72ATR AptarGroup, Inc50.3 out of 100, Shallow moatShallow moat
#74TLF TANDY LEATHER FACTORY, INC49.6 out of 100, Shallow moatShallow moat
#75LYB LYONDELLBASELL INDUSTRIES N.V.49.4 out of 100, Shallow moatShallow moat

Compare FSI with its nearest peers →All Materials companies on the Index →

Common questions about FSI

Does FLEXIBLE SOLUTIONS INTERNATIONAL INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores FLEXIBLE SOLUTIONS INTERNATIONAL INC. (FSI) 49.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 45, returns on capital 60, balance-sheet safety 91, capital discipline 0.
Is FSI 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 $2.65 per share versus a recent price of $5.94 — 124% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has FSI's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 49.7 out of 100 (shallow 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 FSI. See the disclaimer.