Does KVH Industries, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores KVH Industries, Inc. (KVHI) 45.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 0, balance-sheet safety 55, capital discipline 24.

How has KVHI's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 45.8 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

KVH Industries, Inc.

KVHI · Communications · $177.9M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power100

Median gross margin 75.1% over 2y, very stable.

Returns on capital0

Median ROIC -10.4%, above the 9% hurdle in 0% of years.

Balance-sheet safety55

Net cash position — no leverage risk.

Capital discipline24

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: $9.12
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 KVHI 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 scale45.8 / 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 — KVHI 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.

Communications context

#24 of 56 scored Communications companies, ranked by Moat Score.

Nearest peers by Moat Score

#22RSVR Reservoir Media, Inc.46.9 out of 100, Shallow moatShallow moat
#23WBD Warner Bros. Discovery, Inc.46.2 out of 100, Shallow moatShallow moat
#25GAIA GAIA, INC45.8 out of 100, Shallow moatShallow moat
#26ECHO EchoStar Corporation45.4 out of 100, Shallow moatShallow moat

Compare KVHI with its nearest peers →All Communications companies on the Index →

Common questions about KVHI

Does KVH Industries, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores KVH Industries, Inc. (KVHI) 45.8 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 0, balance-sheet safety 55, capital discipline 24.
How has KVHI's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 45.8 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows KVHI’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/KVHI"
  width="340" height="150" style="border:0"
  title="KVHI Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell KVHI. See the disclaimer.