Medifast, Inc.

MED · Consumer Staples · $113.1M mkt cap · FY2025 filings · Wide moat

Wonderful & reasonably priced

Wide moat

The four filters

Pricing power100

Median gross margin 74.3% over 10y, very stable.

Returns on capital92

Median ROIC 91.1%, above the 9% hurdle in 78% of years.

Balance-sheet safety55

Net cash position — no leverage risk.

Capital discipline59

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

Margin of safety

Above valueOn sale

90% below value

Owner earnings (normalized): $106.0M
Est. intrinsic value / share: $107.20
Recent price: $10.29
Discount to value: 90% below value

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

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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