Does READING INTERNATIONAL, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores READING INTERNATIONAL, INC. (RDI) 21.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 39, returns on capital 0, balance-sheet safety 0, capital discipline 51.

How has RDI's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 21.9 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

READING INTERNATIONAL, INC.

RDI · Communications · $29.7M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power39

Median gross margin 20.6% over 3y, very stable.

Returns on capital0

Median ROIC -3.4%, above the 9% hurdle in 0% of years.

Balance-sheet safety0

Net debt/EBITDA 22.1x, interest coverage -0x.

Capital discipline51

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

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $1.31
Discount to value: No price data

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 RDI 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 scale21.9 / 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 — RDI 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.

Communications context

#48 of 56 scored Communications companies, ranked by Moat Score.

Nearest peers by Moat Score

#46WYTC WYTEC INTERNATIONAL, INC.23.2 out of 100, No moatNo moat
#47FLZH Flash Sports & Media Holdings, Inc.23.1 out of 100, No moatNo moat
#49KTEL KonaTel, Inc.21.6 out of 100, No moatNo moat
#50VIVC VIVIC CORP.20.8 out of 100, No moatNo moat

Compare RDI with its nearest peers →All Communications companies on the Index →

Common questions about RDI

Does READING INTERNATIONAL, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores READING INTERNATIONAL, INC. (RDI) 21.9 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 39, returns on capital 0, balance-sheet safety 0, capital discipline 51.
How has RDI's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 21.9 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 RDI. See the disclaimer.