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The Moat Index

SITIME Corp

SITM · Technology · $14.6B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

40/ 100
No moat

The four filters

Pricing power76

Median gross margin 52.6% over 8y, stable.

Returns on capital4

Median ROIC -5.4%, above the 9% hurdle in 13% of years.

Balance-sheet safety55

Net cash position — no leverage risk.

Capital discipline24

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

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
—
Est. intrinsic value / share
—
Recent price
$554.97
Discount to value
No price data

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

9 years of fundamentals

The business, in plain English

SITIME Corp booked $326.7M of revenue in FY2025 in the Technology sector and kept 53.6% of it as gross profit — a solid-margin business by that measure. After every other cost, −13.1% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $85.2M (FY2018) to $326.7M (FY2025) — about 21.2% a year compounded over 7 years.

It earned −4.6% on invested capital in FY2025, with a median of −5.4% across 8 filed years. The Returns on Capital filter above scores it 4/100.

The balance sheet carried $82.0M of total debt in FY2019. Balance-Sheet Safety scores it 55/100.

The share count rose 163.0% between FY2018 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.

Put together: Pricing Power is the strongest of the four filters (76/100) and Returns on Capital the weakest (4/100), which is how SITM lands at 40/100 — 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.

FY2017–FY2025 · 9 fiscal years, normalized from SITM’s SEC filings

RevenueSales, as filed$326.7M FY2025
$0$200M2017202020232025
Gross marginRevenue kept after cost of goods53.6% FY2025
0%25%50%2017202020232025
Return on invested capitalOperating profit on the capital employed−4.6% FY2025
0%25%2017202020232025
Owner earningsCash an owner could take out−$42.9M FY2025
−$100M−$50M$02017202020232025

Gaps in a line mean that item isn’t in SITM’s 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.

Moat Score history

3 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale39.8 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026

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 — SITM 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.

Technology context

#321 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #319SSNC SS&C TECHNOLOGIES HOLDINGS, INC.40.1Shallow moat
  2. #320LINK INTERLINK ELECTRONICS, INC.40.0Shallow moat
  3. #322TENB TENABLE HOLDINGS, INC.39.7No moat
  4. #323BILL BILL HOLDINGS, INC.39.7No moat

Compare SITM with its nearest peers →All Technology companies on the Index →

Common questions about SITM

Does SITIME Corp have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores SITIME Corp (SITM) 39.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 76, returns on capital 4, balance-sheet safety 55, capital discipline 24.
How has SITM's Moat Score changed over time?
The record logs 3 readings since Jul 17, 2026; the latest reads 39.8 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 SITM. See the disclaimer.

SITIME Corp (SITM) Moat Score — The Moat Index · Buy Like Buffett