Liberty Latin America Ltd.
LILA · Communications · $1.5B mkt cap · FY2025 filings · No moat ·
Doesn't clear the bar
The four filters
Median gross margin 77.3% over 9y, very stable.
Median ROIC 0.7%, above the 9% hurdle in 0% of years.
Net debt/EBITDA 7.4x, interest coverage 0x.
Owner earnings trend unclear, share count growing (dilution).
Margin of safety
- Owner earnings (normalized)
- —
- Est. intrinsic value / share
- —
- Recent price
- $7.34
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
12 years of fundamentals
The business, in plain English
Liberty Latin America Ltd. booked $4.4B of revenue in FY2025 in the Communications sector and kept 78.0% of it as gross profit — a high-margin business by that measure. After every other cost, −13.8% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $2.7B (FY2016) to $4.4B (FY2025) — about 5.6% a year compounded over 9 years.
It earned 1.1% on invested capital in FY2025, with a median of 0.7% across 10 filed years. The Returns on Capital filter above scores it 0/100.
The balance sheet carried $8.3B of total debt in FY2025. Balance-Sheet Safety scores it 0/100.
The share count rose 8.2% between FY2019 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 28/100.
Put together: Pricing Power is the strongest of the four filters (100/100) and Returns on Capital the weakest (0/100), which is how LILA lands at 36/100 — 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.
Gaps in a line mean that item isn’t in LILA’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 17, 2026 — the record builds from here and can’t be backfilled.
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
None yet — LILA 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.
Communications context
#33 of 56 scored Communications companies, ranked by Moat Score.
Nearest peers by Moat Score
- #31EVC ENTRAVISION COMMUNICATIONS CORP39.4 out of 100, No moatNo moat
- #32LUCK LUCKY STRIKE ENTERTAINMENT CORPORATION36.9 out of 100, No moatNo moat
- #34FUBO FuboTV Inc.35.3 out of 100, No moatNo moat
- #35SHEN Shenandoah Telecommunications Company34.8 out of 100, No moatNo moat
Compare LILA with its nearest peers →All Communications companies on the Index →
Common questions about LILA
- Does Liberty Latin America Ltd. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores Liberty Latin America Ltd. (LILA) 35.5 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 100, returns on capital 0, balance-sheet safety 0, capital discipline 28.
- How has LILA's Moat Score changed over time?
- The record logs 3 readings since Jul 17, 2026; the latest reads 35.5 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.