Does Quest Resource Holding Corporation have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Quest Resource Holding Corporation (QRHC) 13.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 12, returns on capital 0, balance-sheet safety 28, capital discipline 24.

Is QRHC stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $1.07 per share versus a recent price of $1.35 — 26% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has QRHC's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 13.8 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Quest Resource Holding Corporation

QRHC · Utilities · $28.3M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power12

Median gross margin 17.3% over 10y, variable.

Returns on capital0

Median ROIC -1.0%, above the 9% hurdle in 0% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -1x.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

26% above value

Owner earnings (normalized): $2.0M
Est. intrinsic value / share: $1.07
Recent price: $1.35
Discount to value: 26% above value

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

Fundamentals

There's no normalized fundamentals series for QRHC yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale13.8 / 100

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 — QRHC 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.

Utilities context

#46 of 48 scored Utilities companies, ranked by Moat Score.

Nearest peers by Moat Score

#44MNTK MONTAUK RENEWABLES, INC.14.6 out of 100, No moatNo moat
#45CDZI CADIZ INC14.5 out of 100, No moatNo moat
#47SPRU Spruce Power Holding Corporation13.2 out of 100, No moatNo moat
#48PESI PERMA FIX ENVIRONMENTAL SERVICES INC11.9 out of 100, No moatNo moat

Compare QRHC with its nearest peers →All Utilities companies on the Index →

Common questions about QRHC

Does Quest Resource Holding Corporation have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Quest Resource Holding Corporation (QRHC) 13.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 12, returns on capital 0, balance-sheet safety 28, capital discipline 24.
Is QRHC stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $1.07 per share versus a recent price of $1.35 — 26% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has QRHC's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 13.8 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 QRHC. See the disclaimer.