Does THE MARYGOLD COMPANIES, INC. have an economic moat?

Based on its FY2026 SEC filings, the Moat Index scores THE MARYGOLD COMPANIES, INC. (MGLD) 36.8 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 15, pricing power 94, returns on capital 23, balance-sheet safety 28, capital allocation 24.

How has MGLD's Moat Score changed over time?

The record logs 16 readings since Sep 4, 2026; the latest reads 36.8 out of 100 (no moat). Tier changes so far: Shallow moat → No moat on Sep 19, 2026. The history is append-only — readings are only ever added, never rewritten.

THE MARYGOLD COMPANIES, INC.

MGLD · Other · $84.1M mkt cap · FY2026 filings · as of Oct 20, 2026 · No moat ·

Doesn't clear the bar

No moat

The five investor questions

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $37.8M to $25.3M, decreasing; diluted EPS 0.03 to -0.10, decreasing. Latest-filed diluted EPS remains usable for Business Trend, but an integer share-count change lacks enough evidence to confirm a comparable EPS basis; valuation growth therefore stays at 0%.

Median gross margin 76.2% over 10y, stable.

Median ROIC 7.1%, above the 12% hurdle in 40% of years.

Net debt/EBITDA n/ax, interest coverage -60x.

Owner earnings changed trend unclear over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today

No price data

: Not reported
: Unavailable — insufficient owner-earnings data
: Unavailable — insufficient growth-model data
: $1.97
: No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 254% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 20, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

17 years of fundamentals

The business, in plain English

THE MARYGOLD COMPANIES, INC. booked $25.3M of revenue in FY2026 in the Other sector and kept 92.6% of it as gross profit — a high-margin business by that measure. After every other cost, −17.3% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $945741 (FY2011) to $25.3M (FY2026) — about 24.5% a year compounded over 15 years.

It earned −29.1% on invested capital in the latest filed year, FY2026. Across the full 11-year measurable filed record, median ROIC was 9.6%. Over the v3 recent window (10 measurable filed years), median ROIC was 7.1%. The Returns on Capital filter above scores it 23/100.

MGLD's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Pricing Power is the strongest of the five filters (94/100) and Business Trend the weakest (15/100), which is how MGLD lands at 37/100 — 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.

Sales, as filed$25.3M FY2026

Revenue kept after cost of goods92.6% FY2026

Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out−$4.2M FY2026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the 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.

Flagship explainer

How THE MARYGOLD COMPANIES, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed line	Value	% of revenue	Source
	$25.3M	100%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Cost of revenue	$1.9M	7%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
	$23.4M	93%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
	−$6M	−24%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Income before tax	−$4.8M	−19%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Income tax	−$277000	−1%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
	−$4.4M	−17%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

Source:

10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

· event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

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Flagship explainer

What THE MARYGOLD COMPANIES, INC. owns — and owes

THE MARYGOLD COMPANIES, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed line	Value	% of assets	Source
Total assets	$24M	100%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Cash and equivalents	$2.9M	12%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Stockholders’ equity	$19.2M	80%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

Source:

10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

· event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

What drives THE MARYGOLD COMPANIES, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont source inputs
Input	Value	Fiscal year	Source
	−$4.4M	FY2026	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Income before tax	−$4.8M	FY2026	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Operating income	−$6M	FY2026	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
	$25.3M	FY2026	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Ending assets	$24M	FY2026	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Beginning assets	$30.4M	FY2025	10-K · FY 2025Filing detailsAccession 0001493152-25-014286 · filed Sep 19, 2025 10-K · FY 2025Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
	$19.2M	FY2026	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
	$23M	FY2025	10-K · FY 2025Filing detailsAccession 0001493152-25-014286 · filed Sep 19, 2025 10-K · FY 2025Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

Source:

10-K · filed Sep 19, 2025Filing detailsAccession 0001493152-25-014286 · filed Sep 19, 2025
10-K · filed Sep 18, 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

· event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

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Flagship explainer

Where THE MARYGOLD COMPANIES, INC.'s cash went

THE MARYGOLD COMPANIES, INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed line	Value	% of cash from operations	Source
Cash from operations	−$2.3M	−100%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026
Depreciation and amortization	$238000	10%	10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

Source:

10-K · FY 2026Filing detailsAccession 0001493152-26-043341 · filed Sep 18, 2026

· event Jun 30, 2026 · retrieved Oct 20, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding THE MARYGOLD COMPANIES, INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
Manager	Reported position	Quarter-over-quarter	Filing accession
Abrams Capital	Not retrieved	Comparison not retrieved	Filing not retrieved
Akre Capital	Not retrieved	Comparison not retrieved	Filing not retrieved
Baupost Group	Not retrieved	Comparison not retrieved	Filing not retrieved
Berkshire Hathaway	Not retrieved	Comparison not retrieved	Filing not retrieved
Brave Warrior Advisors	Not retrieved	Comparison not retrieved	Filing not retrieved
Dodge & Cox	Not retrieved	Comparison not retrieved	Filing not retrieved
First Eagle	Not retrieved	Comparison not retrieved	Filing not retrieved
Fundsmith	Not retrieved	Comparison not retrieved	Filing not retrieved
Gardner Russo & Quinn	Not retrieved	Comparison not retrieved	Filing not retrieved
Gates Foundation Trust	Not retrieved	Comparison not retrieved	Filing not retrieved
Mairs & Power	Not retrieved	Comparison not retrieved	Filing not retrieved
Markel / Markel-Gayner	Not retrieved	Comparison not retrieved	Filing not retrieved
Oakmark / Harris Associates	Not retrieved	Comparison not retrieved	Filing not retrieved
Pershing Square	Not retrieved	Comparison not retrieved	Filing not retrieved
Polen Capital	Not retrieved	Comparison not retrieved	Filing not retrieved
Sequoia / Ruane Cunniff	Not retrieved	Comparison not retrieved	Filing not retrieved
Southeastern Asset Management	Not retrieved	Comparison not retrieved	Filing not retrieved
Tweedy, Browne	Not retrieved	Comparison not retrieved	Filing not retrieved
Yacktman Asset Management	Not retrieved	Comparison not retrieved	Filing not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 20, 2026

Flagship explainer

What THE MARYGOLD COMPANIES, INC. insiders reported

Records still being gathered — partial as of retrieval Oct 20, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale36.8 / 100

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

Shallow moatchanged toNo moatSep 19, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Oct 20, 2026.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

No reported Form 4 rows were captured for MGLD; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.

A filing source-event date will appear when a Form 4 row is captured.

Retrieved Oct 20, 2026.

Other context

#69 of 104 scored Other companies, ranked by Moat Score.

Nearest peers by Moat Score

#67HSCS HeartSciences Inc.37.7 out of 100, No moatNo moat
#68SBET SHARPLINK, INC.37.2 out of 100, No moatNo moat
#70RIOT RIOT PLATFORMS, INC.36.6 out of 100, No moatNo moat
#71MSTR STRATEGY INC36.4 out of 100, No moatNo moat

Compare MGLD with its nearest peers →All Other companies on the Index →

Common questions about MGLD

Does THE MARYGOLD COMPANIES, INC. have an economic moat?: Based on its FY2026 SEC filings, the Moat Index scores THE MARYGOLD COMPANIES, INC. (MGLD) 36.8 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 15, pricing power 94, returns on capital 23, balance-sheet safety 28, capital allocation 24.
How has MGLD's Moat Score changed over time?: The record logs 16 readings since Sep 4, 2026; the latest reads 36.8 out of 100 (no moat). Tier changes so far: Shallow moat → No moat on Sep 19, 2026. The history is append-only — readings are only ever added, never rewritten.

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