TRANS AMERICAN AQUACULTURE, INC.

GRPS · Agriculture · $164524 mkt cap · FY2024 filings · · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

33

2021–2024 (latest 4 aligned FYs; v3 window cap 5): revenue $316112 to $331645, increasing; diluted EPS 0.00 to -0.00, decreasing.

0

Median gross margin -347.0% over 4y, variable.

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

28

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

44

Owner earnings changed trend unclear over up to the ten most recent annual observations.

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
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$0.00
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 235% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Sep 7, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

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

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.

5 years of fundamentals

The business, in plain English

TRANS AMERICAN AQUACULTURE, INC. booked $331645 of revenue in FY2024 in the Agriculture sector and kept 3.0% of it as gross profit — a thin-margin business by that measure. After every other cost, −847.0% of each revenue dollar reached the bottom line.

The balance sheet carried $54465 of total debt in FY2024. Balance-Sheet Safety scores it 28/100.

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.

FY2020–FY2024 · 5 fiscal years, normalized from GRPS’s SEC filings

Sales, as filed$331645 FY2024
$0$200000202020222024
Revenue kept after cost of goods3.0% FY2024
−500%−250%0%202020222024
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.. Current-year EBIT, tax expense, and non-zero pretax income are required for standard ROIC.

Exact FY and FY-1 financing invested-capital inputs are required.. Current-year EBIT, tax expense, and non-zero pretax income are required for standard ROIC.

Cash an owner could take out−$2.8M FY2024
−$2M$0202020222024

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the 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 TRANS AMERICAN AQUACULTURE, INC. makes its money

TRANS AMERICAN AQUACULTURE, INC.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$331645100%
Cost of revenue$32161597%
$100303%
Income before tax−$2.8M−847%
Income tax$00%
−$2.8M−847%
Source: · event Dec 31, 2024 · retrieved Sep 7, 2026 · annual-row source set

Flagship explainer

What TRANS AMERICAN AQUACULTURE, INC. owns — and owes

TRANS AMERICAN AQUACULTURE, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$948015100%
Cash and equivalents$00%
$544656%
Stockholders’ equity−$3.2M−340%
Source: · event Dec 31, 2024 · retrieved Sep 7, 2026 · annual-row source set

Flagship explainer

What drives TRANS AMERICAN AQUACULTURE, INC.’s return on equity?

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

DuPont source inputs
InputValueFiscal yearSource
Net income−$2.8MFY2024
Income before tax−$2.8MFY2024
Operating incomeUnavailableFY2024
Revenue$331645FY2024
Ending assets$948015FY2024
Beginning assets$7.7MFY2023
Ending equity−$3.2MFY2024
Beginning equity−$402719FY2023
Source: · event Dec 31, 2024 · retrieved Sep 7, 2026 · annual-row source set

Flagship explainer

Where TRANS AMERICAN AQUACULTURE, INC.'s cash went

TRANS AMERICAN AQUACULTURE, INC.’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−$3M−100%
Depreciation and amortization$522912%
Source: · event Dec 31, 2024 · retrieved Sep 7, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding TRANS AMERICAN AQUACULTURE, INC.

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

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

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 not retrieved · event Jun 30, 2026 · retrieved Sep 7, 2026

Flagship explainer

What TRANS AMERICAN AQUACULTURE, INC. insiders reported

The complete Form 4 source snapshot retrieved on Sep 8, 2026 contains no transaction rows.

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

Source snapshot retrieved 2026-09-08T07:00:03.189Z · SEC Form 4

Moat Score history

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

Moat Score over timeLast scored reading of each day, on the 0–100 scale26.2 / 100
0406080100WideNarrowShallowNo moatJul 26, 2026Sep 7, 2026

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 GRPS, . The totals and cluster result below are arithmetic over that certified window.

$0
P purchases minus S sales only, Sep 9, 2025Sep 9, 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, Sep 9, 2025Sep 9, 2026.

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

Retrieved .

Track record

How TRANS AMERICAN AQUACULTURE, INC.’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 20242025, 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 GRPS on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score100Indexed price · log scale 20242025

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 indexed price path isn't available for this company yet; 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 reconstructed history shown, GRPS did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Agriculture context

#19 of 26 scored Agriculture companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #17TULP BLOOMIA HOLDINGS, INC.26.3 out of 100, No moatNo moat
  2. #18LOCL Local Bounti Corporation/DE26.3 out of 100, No moatNo moat
  3. #20AQB AquaBounty Technologies, Inc.25.1 out of 100, No moatNo moat
  4. #21ITHUF IANTHUS CAPITAL HOLDINGS, INC.24.9 out of 100, No moatNo moat

Compare GRPS with its nearest peersAll Agriculture companies on the Index →

Common questions about GRPS

Does TRANS AMERICAN AQUACULTURE, INC. have an economic moat?
Based on its FY2024 SEC filings, the Moat Index scores TRANS AMERICAN AQUACULTURE, INC. (GRPS) 26.2 out of 100 — below the Shallow-moat bar, so no 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 33, pricing power 0, returns on capital not measurable from the filings, balance-sheet safety 28, capital allocation 44.
How has GRPS's Moat Score changed over time?
The record logs 14 readings since Jul 18, 2026; the latest reads 26.2 out of 100 (no 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.