Does Huntsman Corporation have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Huntsman Corporation (HUN) 32.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 19, returns on capital 47, balance-sheet safety 0, capital discipline 64.

Is HUN 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 $9.59 per share versus a recent price of $11.79 — 23% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has HUN's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 32.5 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Huntsman Corporation

HUN · Materials · $2.0B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power19

Median gross margin 19.7% over 10y, stable.

Returns on capital47

Median ROIC 10.2%, above the 9% hurdle in 70% of years.

Balance-sheet safety0

Net debt/EBITDA 10.1x, interest coverage 0x.

Capital discipline64

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

23% above value

Owner earnings (normalized): $149.0M
Est. intrinsic value / share: $9.59
Recent price: $11.79
Discount to value: 23% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

19 years of fundamentals

The business, in plain English

Huntsman Corporation booked $5.7B of revenue in FY2025 in the Materials sector and kept 13.2% of it as gross profit — a thin-margin business by that measure. After every other cost, −5.0% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $10.1B (FY2008) to $5.7B (FY2025) — about −3.3% a year compounded over 17 years.

It earned −2.4% on invested capital in FY2025, with a median of 9.7% across 18 filed years. The Returns on Capital filter above scores it 47/100.

The balance sheet carried $2.0B of total debt in FY2025. Balance-Sheet Safety scores it 0/100.

The share count fell 26.3% between FY2009 and FY2025 — management has been retiring shares, which concentrates each remaining owner's claim. Capital Discipline scores it 64/100.

Put together: Capital Discipline is the strongest of the four filters (64/100) and Balance-Sheet Safety the weakest (0/100), which is how HUN lands at 33/100 — a None moat.

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.

RevenueSales, as filed$5.7B FY2025

Gross marginRevenue kept after cost of goods13.2% FY2025

Return on invested capitalOperating profit on the capital employed−2.4% FY2025

Owner earningsCash an owner could take out−$170.0M FY2025

Gaps in a line mean that item isn’t in HUN’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

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.5 / 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 — HUN has read No 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

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

Nearest peers by Moat Score

#137PRM PERIMETER SOLUTIONS, INC.32.8 out of 100, No moatNo moat
#138BLGO BIOLARGO, INC.32.6 out of 100, No moatNo moat
#140KRO KRONOS WORLDWIDE, INC.32.3 out of 100, No moatNo moat
#141OC Owens Corning32.3 out of 100, No moatNo moat

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

Common questions about HUN

Does Huntsman Corporation have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Huntsman Corporation (HUN) 32.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 19, returns on capital 47, balance-sheet safety 0, capital discipline 64.
Is HUN 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 $9.59 per share versus a recent price of $11.79 — 23% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has HUN's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 32.5 out of 100 (no 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 HUN. See the disclaimer.