TRANS AMERICAN AQUACULTURE, INC.
GRPS · Agriculture · $329048 mkt cap · FY2024 filings · No moat ·
Doesn't clear the bar
The five investor questions
2021–2024 (latest 4 aligned FYs; v3 window cap 5): revenue $316112 to $331645, increasing; diluted EPS 0.00 to -0.00, decreasing.
Median gross margin -347.0% over 4y, variable.
Not enough years of ROIC data to score returns on capital.
Net debt/EBITDA n/ax, interest coverage -5x.
Owner earnings trend unclear, share count flat.
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. conservative owner-earnings floor
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- Owner earnings (normalized)
- Not reported
- Owner-earnings floor / share
- Unavailable — insufficient owner-earnings data
- Capped-growth comparison / share
- Unavailable — insufficient growth-model data
- Recent price
- $0.00
- Price vs. owner-earnings floor
- No price data
This floor assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Cohort context: median current price is 239% above the floor 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 floor: ANF, BKNG.
Model details under moat-index@3.0.0: zero-growth floor 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.
Not disclosed in GRPS’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in GRPS’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.
Moat Score history
Score history begins Jul 26, 2026 — the record builds from here and can’t be backfilled.
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- 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 can’t be backfilled, which is exactly why it’s worth keeping.
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.
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.
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
#18 of 25 scored Agriculture companies, ranked by Moat Score.
Nearest peers by Moat Score
- #16TULP BLOOMIA HOLDINGS, INC.26.3 out of 100, No moatNo moat
- #17LOCL Local Bounti Corporation/DE26.3 out of 100, No moatNo moat
- #19AQB AquaBounty Technologies, Inc.25.1 out of 100, No moatNo moat
- #20ITHUF IANTHUS CAPITAL HOLDINGS, INC.24.9 out of 100, No moatNo moat
Compare GRPS with its nearest peers →All 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 discipline 44.
- How has GRPS's Moat Score changed over time?
- The record logs 12 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.