Does IANTHUS CAPITAL HOLDINGS, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores IANTHUS CAPITAL HOLDINGS, INC. (ITHUF) 26.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 68, returns on capital 0, balance-sheet safety 0, capital discipline 32.

How has ITHUF's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 26.7 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

IANTHUS CAPITAL HOLDINGS, INC.

ITHUF · Agriculture · $28.8M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power68

Median gross margin 45.6% over 6y, stable.

Returns on capital0

Median ROIC -20.7%, above the 9% hurdle in 0% of years.

Balance-sheet safety0

Net debt/EBITDA 47.0x, interest coverage -1x.

Capital discipline32

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $0.00
Discount to value: No price data

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 ITHUF 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 scale26.7 / 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 — ITHUF 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.

Agriculture context

#4 of 12 scored Agriculture companies, ranked by Moat Score.

Nearest peers by Moat Score

#2GTBIF GREEN THUMB INDUSTRIES INC.45.6 out of 100, Shallow moatShallow moat
#3ALCO ALICO, INC.27.1 out of 100, No moatNo moat
#5DMC FRESH DEL MONTE PRODUCE INC25.6 out of 100, No moatNo moat
#6NCRA NOCERA, INC.22.1 out of 100, No moatNo moat

Compare ITHUF with its nearest peers →All Agriculture companies on the Index →

Common questions about ITHUF

Does IANTHUS CAPITAL HOLDINGS, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores IANTHUS CAPITAL HOLDINGS, INC. (ITHUF) 26.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 68, returns on capital 0, balance-sheet safety 0, capital discipline 32.
How has ITHUF's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 26.7 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 ITHUF. See the disclaimer.