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The Moat Index

LiveWire Group, Inc.

LVWR · Consumer Discretionary · $141.9M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

19/ 100
No moat

The four filters

Pricing power0

Median gross margin -16.2% over 6y, variable.

Returns on capital0

Median ROIC -172.0%, above the 9% hurdle in 0% of years.

Balance-sheet safety55

Net cash position — no leverage risk.

Capital discipline42

Owner earnings trend unclear, share count flat.

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
—
Est. intrinsic value / share
—
Recent price
$0.69
Discount to value
No price data

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

7 years of fundamentals

The business, in plain English

LiveWire Group, Inc. booked $25.7M of revenue in FY2025 in the Consumer Discretionary sector and kept −17.3% of it as gross profit — a thin-margin business by that measure. After every other cost, −292.6% of each revenue dollar reached the bottom line.

Across the filed record, revenue shrank from $30.9M (FY2020) to $25.7M (FY2025) — about −3.6% a year compounded over 5 years.

It earned −156.0% on invested capital in FY2025, with a median of −172.0% across 5 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $75.0M of total debt in FY2025. Balance-Sheet Safety scores it 55/100.

Put together: Balance-Sheet Safety is the strongest of the four filters (55/100) and Pricing Power the weakest (0/100), which is how LVWR lands at 19/100 — 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.

FY2019–FY2025 · 7 fiscal years, normalized from LVWR’s SEC filings

RevenueSales, as filed$25.7M FY2025
$0$20M$40M2019202120232025
Gross marginRevenue kept after cost of goods−17.3% FY2025
−50%0%2019202120232025
Return on invested capitalOperating profit on the capital employed−156.0% FY2025
−200%0%2019202120232025
Owner earningsCash an owner could take out−$68.8M FY2025
−$100M−$50M$02019202120232025

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

1 logged reading since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale19.4 / 100
0406080100WideNarrowShallowNo moatJul 18, 2026

Score history begins Jul 18, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — LVWR has read No moat for every logged capture since Jul 18, 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 LiveWire Group, 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.

As-of scores 2022–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

As-of Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored LVWR on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatAs-of Moat Score50100Indexed price · log scale (2021 = 100)20222023202420252026

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 price path is a total-return (dividends reinvested) index built from the same data the forward returns use; 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, LVWR 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.

Consumer Discretionary context

#320 of 359 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #318FFAI FARADAY FUTURE INTELLIGENT ELECTRIC INC.19.5No moat
  2. #319CVEO Civeo Corp19.4No moat
  3. #321FUNI Hypha Labs, Inc.18.9No moat
  4. #322NOTVQ INOTIV, INC.18.7No moat

Compare LVWR with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about LVWR

Does LiveWire Group, Inc. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores LiveWire Group, Inc. (LVWR) 19.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 0, returns on capital 0, balance-sheet safety 55, capital discipline 42.
How has LVWR's Moat Score changed over time?
The record logs 1 reading since Jul 18, 2026; the latest reads 19.4 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 LVWR. See the disclaimer.