QUALCOMM INC/DE
QCOM · scored from FY2025 filings · Wide moat
On the watchlist
The four filters
Pricing power93
Median gross margin 56.9% over 10y, very stable.
Returns on capital100
Median ROIC 28.4%, above the 9% hurdle in 100% of years.
Balance-sheet safety87
Net debt/EBITDA 0.7x, interest coverage 19x.
Capital discipline54
Owner earnings -1.1%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $9.0B
- Est. intrinsic value / share
- $93.55
- Recent price
- —
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.